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Exchange Rate Table
| Currency | Official / NFEM Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,367 | ₦1,445 – ₦1,455 | ₦1,353 – ₦1,356 |
| Euro (EUR) | ₦1,612 | ₦1,650 – ₦1,690 | ₦1,610 – ₦1,615 |
| British Pound (GBP) | ₦1,858 | ₦1,950 – ₦1,990 | ₦1,845 – ₦1,852 |
| Canadian Dollar (CAD) | ₦1,001 | ₦1,044 – ₦1,062 | ₦995 – ₦1,000 |
| Australian Dollar (AUD) | ₦964.55 | ₦900 – ₦1,000 | ≈₦950 |
| Chinese Yuan (CNY) | ₦196.14 | ₦195 – ₦200 | ≈₦198 |
| Japanese Yen (JPY) | ₦8.78 | ₦10.5 – ₦11.0 | ≈₦10.9 |
| Swiss Franc (CHF) | ₦1,768.96 | ₦1,580 – ₦1,600 | ≈₦1,590 |
| Saudi Riyal (SAR) | ₦361.39 | ₦380 – ₦385 | ≈₦382 |
| UAE Dirham (AED) | ₦369.08 | ₦385 – ₦390 | ≈₦388 |
Explanation of Rates
Official / NFEM Rate: This is derived from the Nigerian Foreign Exchange Market, reflecting the Central Bank-regulated rate. 1
Parallel / Black Market Rate: These figures reflect rates quoted by Bureau de Change (BDC) operators and informal FX traders. 2
Mid-Market / Indicative Rate: This represents the global benchmark midpoint between buy and sell prices seen on international currency platforms. 3
Exchange rates vary throughout the trading day and may differ slightly at banks, BDCs, or digital FX platforms.
Exchange rates in Nigeria February 11
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