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Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,420 – ₦1,440 | ₦1,510 – ₦1,530 | ₦1,505 |
| Euro (EUR) | ₦1,550 – ₦1,580 | ₦1,720 – ₦1,760 | ₦1,740 |
| British Pound (GBP) | ₦1,820 – ₦1,860 | ₦2,020 – ₦2,060 | ₦2,030 |
| Chinese Yuan (CNY) | ₦195 – ₦200 | ₦205 – ₦210 | ₦208 |
| Japanese Yen (JPY) | ₦10.5 – ₦10.8 | ₦11.2 – ₦11.5 | ₦11.3 |
| Canadian Dollar (CAD) | ₦1,050 – ₦1,080 | ₦1,120 – ₦1,150 | ₦1,135 |
| Swiss Franc (CHF) | ₦1,540 – ₦1,570 | ₦1,630 – ₦1,660 | ₦1,645 |
| Saudi Riyal (SAR) | ₦380 – ₦385 | ₦400 – ₦410 | ₦405 |
| UAE Dirham (AED) | ₦385 – ₦390 | ₦405 – ₦415 | ₦410 |
Market Notes
The official rate is set by the Central Bank of Nigeria (CBN) for banks and authorized dealers. The parallel market rate reflects Bureau de Change (BDC) and street-level trading. Meanwhile, the mid-market rate is the global benchmark used by international platforms and excludes local premiums.
Exchange rates can change during the day due to demand, supply, and market liquidity. Therefore, readers should confirm rates with their bank or BDC before making transactions.
Key Phrase: exchange rates February 25
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