CBN Rate vs Black Market Rate – The Nigerian foreign exchange market opened on Wednesday, March 11, 2026 with slight fluctuations across the official and parallel markets.
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Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,390 – ₦1,405 | ₦1,405 – ₦1,415 | ₦1,400 |
| Euro (EUR) | ₦1,520 – ₦1,540 | ₦1,660 – ₦1,700 | ₦1,680 |
| British Pound (GBP) | ₦1,820 – ₦1,850 | ₦1,970 – ₦2,010 | ₦1,995 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦198 – ₦205 | ₦200 |
| Japanese Yen (JPY) | ₦9.6 – ₦9.9 | ₦10.3 – ₦10.7 | ₦10.5 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,040 | ₦1,090 – ₦1,120 | ₦1,105 |
| Swiss Franc (CHF) | ₦1,500 – ₦1,520 | ₦1,600 – ₦1,630 | ₦1,615 |
| Saudi Riyal (SAR) | ₦368 – ₦372 | ₦380 – ₦390 | ₦385 |
| UAE Dirham (AED) | ₦370 – ₦375 | ₦385 – ₦395 | ₦390 |
Market Notes
The official market rate reflects transactions conducted through the Nigerian Foreign Exchange Market under the supervision of the Central Bank of Nigeria.
Meanwhile, the parallel market rate represents prices quoted by Bureau de Change operators and street-level traders across major Nigerian cities.
The mid-market rate is an international benchmark often used by global currency platforms.
However, it does not include transaction charges or local premiums.
Exchange rates may change during the day due to fluctuations in demand, liquidity, and international currency movements.
CBN Rate vs Black Market Rate.
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