SEE ALSO,
Sen. Seriake Dickson: “Real-Time” Clause Not Needed for Transparent Elections
“Lawmaking Is Not Like Eating Amala” — Senate Defends Electoral Act Amendment
Exchange Rate Table (₦ per Unit)
| Currency | Official / NFEM Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,367 | ₦1,445 – ₦1,455 | ~₦1,353 |
| Euro (EUR) | ₦1,612 | ₦1,650 – ₦1,690 | ~₦1,687 |
| British Pound (GBP) | ₦1,858 | ₦1,950 – ₦1,990 | ~₦1,948 |
| Canadian Dollar (CAD) | ₦1,001 | ₦1,044 – ₦1,062 | ~₦1,040 |
| Australian Dollar (AUD) | ₦964.43 | ₦900 – ₦1,000 | ~₦950 |
| Chinese Yuan (CNY) | ₦195.86 | ₦195 – ₦200 | ~₦198 |
| Japanese Yen (JPY) | ₦8.84 | ₦10.5 – ₦11.0 | ~₦10.9 |
| Swiss Franc (CHF) | ₦1755.15 | ₦1,580 – ₦1,600 | ~₦1,590 |
| Saudi Riyal (SAR) | ₦361.04 | ₦380 – ₦385 | ~₦382 |
| UAE Dirham (AED) | ₦368.69 | ₦385 – ₦390 | ~₦388 |
Understanding These Rates
Official / NFEM Rate: This is the Central Bank-regulated rate published by the Nigerian Foreign Exchange Market (NFEM).
Parallel / Black Market Rate: These figures represent prices quoted by Bureau de Change (BDC) operators and informal FX traders. 1
Mid-Market / Indicative Rate: This is a benchmark rate used by international currency platforms and reflects the midpoint between buy and sell rates in global FX markets. 2
Please note that exchange rates vary throughout the trading day, and actual transaction rates at banks or BDCs may differ slightly.
Stay with Sojworldnews for regular FX updates and economic insights.
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