Naira Crumbles Again – Below are the latest Nigerian foreign exchange rates for Wednesday, March 1, 2026.
The table shows official market rates, parallel market rates, and mid-market indicative rates for major global currencies.
Naira Crumbles Again Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,345 – ₦1,369 | ₦1,360 – ₦1,380 | ₦1,360 |
| Euro (EUR) | ₦1,580 – ₦1,600 | ₦1,620 – ₦1,650 | ₦1,599 |
| British Pound (GBP) | ₦1,850 – ₦1,880 | ₦1,900 – ₦1,940 | ₦1,915 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦195 – ₦200 | ₦198 |
| Japanese Yen (JPY) | ₦9.8 – ₦10.2 | ₦10.5 – ₦10.9 | ₦10.7 |
| Canadian Dollar (CAD) | ₦995 – ₦1,020 | ₦1,050 – ₦1,080 | ₦1,060 |
| Swiss Franc (CHF) | ₦1,560 – ₦1,590 | ₦1,600 – ₦1,630 | ₦1,610 |
| Saudi Riyal (SAR) | ₦355 – ₦365 | ₦370 – ₦380 | ₦375 |
| UAE Dirham (AED) | ₦360 – ₦368 | ₦375 – ₦385 | ₦380 |
Market Notes
The official exchange rate is regulated by the Central Bank of Nigeria and applies to banks and authorized dealers.
The parallel market rate reflects Bureau de Change and street-level transactions across major Nigerian cities.
The mid-market rate represents global benchmark exchange rates and excludes transaction charges or local premiums.
Note: Exchange rates may vary depending on location, demand, and transaction volume. Readers are advised to confirm rates before making foreign exchange transactions.
Source: FX market data and Bureau de Change reports for March 1, 2026.
Sojworldnews will continue to provide daily verified exchange rate updates and economic news.
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