Naira exchange rates today — Nigeria’s foreign exchange market remained relatively stable on Monday as the naira recorded only slight movements in both the official and parallel (black) markets. Meanwhile, the cryptocurrency market traded mixed, with Bitcoin holding firm above the ₦82 million mark.
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Naira Exchange Rates Today – Official and Black Market Exchange Rates
| Currency | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| US Dollar (USD) | 1,380/$ | 1,393/$ | 1,400/$ |
| British Pound (GBP) | 1,890/£* | 1,840/£ | 1,850/£ |
| Euro (EUR) | 1,620/€* | 1,565/€ | 1,575/€ |
| Canadian Dollar (CAD) | 1,010/C$* | 990/C$ | 1,000/C$ |
| UAE Dirham (AED) | 376/AED* | 380/AED | 385/AED |
| Chinese Yuan (CNY) | 192/¥* | 194/¥ | 197/¥ |
| South African Rand (ZAR) | 77/R* | 78/R | 80/R |
| Ghanaian Cedi (GHS) | 132/GH₵* | 135/GH₵ | 138/GH₵ |
*Official rates are indicative interbank rates and may vary slightly across commercial banks and authorized dealers. Black market rates also differ depending on location and dealer.
Cryptocurrency Market Snapshot
| Cryptocurrency | Approximate Price (₦) |
|---|---|
| Bitcoin (BTC) | ₦82.0 million |
| Ethereum (ETH) | ₦4.8 million |
| BNB | ₦930,000 |
| Solana (SOL) | ₦240,000 |
| XRP | ₦3,000 |
Bitcoin remained above the ₦82 million level during Monday’s trading, while Ethereum, Solana, BNB and XRP recorded mixed price movements. Investors continue to monitor global economic data, central bank policies and institutional demand, which remain key drivers of cryptocurrency market sentiment.
Key Highlights
- The naira traded relatively stable in both the official and parallel markets.
- The black market exchange rate stood at approximately ₦1,393/$ (buy) and ₦1,400/$ (sell).
- Bitcoin held above ₦82 million, while major altcoins recorded mixed performances.
- Analysts expect continued volatility in both the foreign exchange and cryptocurrency markets as investors react to global economic developments.
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