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Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,345 – ₦1,360 | ₦1,430 – ₦1,445 | ₦1,418 |
| Euro (EUR) | ₦1,470 – ₦1,485 | ₦1,630 – ₦1,660 | ₦1,650 |
| British Pound (GBP) | ₦1,760 – ₦1,780 | ₦1,910 – ₦1,940 | ₦1,925 |
| Chinese Yuan (CNY) | ₦182 – ₦188 | ₦190 – ₦196 | ₦194 |
| Japanese Yen (JPY) | ₦9.8 – ₦10.1 | ₦10.5 – ₦10.9 | ₦10.7 |
| Canadian Dollar (CAD) | ₦990 – ₦1,010 | ₦1,050 – ₦1,075 | ₦1,062 |
| Swiss Franc (CHF) | ₦1,460 – ₦1,480 | ₦1,560 – ₦1,585 | ₦1,570 |
| Saudi Riyal (SAR) | ₦355 – ₦360 | ₦370 – ₦378 | ₦375 |
| UAE Dirham (AED) | ₦358 – ₦363 | ₦372 – ₦380 | ₦377 |
Market Notes
The official exchange rate applies to transactions handled by the Central Bank of Nigeria and authorized financial institutions. Meanwhile, the parallel market rate reflects prices offered by Bureau de Change operators and informal traders.
In addition, the mid-market rate serves as a global benchmark used by international platforms. It does not include local transaction charges or scarcity premiums.
Exchange rates can change during the day. Therefore, individuals and businesses should confirm current rates before completing transactions.
Stay with Sojworldnews for daily NAIRA exchange rate updates, business news, and economic analysis.
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