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EURO, USD, GBP VS Nigerian Naira: Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,500 – ₦1,520 | ₦1,580 – ₦1,600 | ₦1,565 |
| Euro (EUR) | ₦1,620 – ₦1,650 | ₦1,720 – ₦1,760 | ₦1,745 |
| British Pound (GBP) | ₦1,900 – ₦1,930 | ₦2,020 – ₦2,060 | ₦2,045 |
| Chinese Yuan (CNY) | ₦205 – ₦210 | ₦215 – ₦220 | ₦218 |
| Japanese Yen (JPY) | ₦10.8 – ₦11.2 | ₦11.5 – ₦12.0 | ₦11.8 |
| Canadian Dollar (CAD) | ₦1,100 – ₦1,130 | ₦1,180 – ₦1,210 | ₦1,195 |
| Swiss Franc (CHF) | ₦1,600 – ₦1,630 | ₦1,700 – ₦1,740 | ₦1,720 |
| Saudi Riyal (SAR) | ₦400 – ₦410 | ₦420 – ₦430 | ₦425 |
| UAE Dirham (AED) | ₦405 – ₦415 | ₦425 – ₦435 | ₦430 |
Market Notes
The official rate is set by the Central Bank of Nigeria (CBN) for banks and authorized dealers. In contrast, the parallel market rate reflects prices offered by Bureau de Change operators and street traders.
Meanwhile, the mid-market rate serves as a global benchmark. However, it does not include local premiums or transaction charges.
Exchange rates change frequently due to demand and supply. Therefore, readers should confirm rates before completing any transaction.
Stay with Sojworldnews for daily FX updates and business news.
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