Naira Struggles Against Dollar as of Friday, March 27, 2026, the Nigerian foreign exchange market continues to show differences between official, parallel, and mid-market rates. The naira remains under pressure in the parallel market, while official and global benchmark rates fluctuate slightly.
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Naira Struggles Against Dollar: Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,390 – ₦1,405 | ₦1,470 – ₦1,490 | ₦1,395 |
| Euro (EUR) | ₦1,610 – ₦1,630 | ₦1,720 – ₦1,750 | ₦1,620 |
| British Pound (GBP) | ₦1,870 – ₦1,900 | ₦2,000 – ₦2,040 | ₦1,890 |
| Chinese Yuan (CNY) | ₦190 – ₦195 | ₦200 – ₦205 | ₦193 |
| Japanese Yen (JPY) | ₦9.3 – ₦9.6 | ₦10.2 – ₦10.5 | ₦9.5 |
| Canadian Dollar (CAD) | ₦1,020 – ₦1,040 | ₦1,090 – ₦1,120 | ₦1,030 |
| Swiss Franc (CHF) | ₦1,600 – ₦1,630 | ₦1,700 – ₦1,730 | ₦1,615 |
| Saudi Riyal (SAR) | ₦370 – ₦375 | ₦395 – ₦405 | ₦372 |
| UAE Dirham (AED) | ₦375 – ₦380 | ₦400 – ₦410 | ₦378 |
Market Notes
The official exchange rate is regulated by the Central Bank of Nigeria through authorized dealers and banks.
The parallel market rate reflects Bureau de Change and street-level trading across major Nigerian cities.
The mid-market rate serves as a global benchmark and does not include transaction charges or local premiums.
Exchange rates may change during the day due to demand, supply, and foreign exchange liquidity. Readers should confirm rates before making transactions.
Stay with Sojworldnews for daily exchange rate updates and economic news.
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