While the naira remained relatively stable at the official window, demand pressures continued to influence prices in the parallel market.
The table below provides a comprehensive overview of exchange rates for major global currencies against the Nigerian naira.
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Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,392 – ₦1,398 | ₦1,450 – ₦1,465 | ₦1,395 |
| Euro (EUR) | ₦1,605 – ₦1,620 | ₦1,680 – ₦1,710 | ₦1,615 |
| British Pound (GBP) | ₦1,850 – ₦1,875 | ₦1,980 – ₦2,020 | ₦1,865 |
| Chinese Yuan (CNY) | ₦190 – ₦195 | ₦205 – ₦210 | ₦198 |
| Japanese Yen (JPY) | ₦9.8 – ₦10.2 | ₦10.7 – ₦11.1 | ₦10.5 |
| Canadian Dollar (CAD) | ₦1,020 – ₦1,045 | ₦1,090 – ₦1,120 | ₦1,050 |
| Swiss Franc (CHF) | ₦1,610 – ₦1,635 | ₦1,690 – ₦1,720 | ₦1,630 |
| Saudi Riyal (SAR) | ₦370 – ₦375 | ₦385 – ₦395 | ₦373 |
| UAE Dirham (AED) | ₦372 – ₦378 | ₦388 – ₦398 | ₦376 |
Market Notes
The official exchange rate represents transactions conducted within the Central Bank of Nigeria’s regulated foreign exchange window.
However, the parallel market rate reflects prices quoted by Bureau de Change operators and independent currency traders across major cities such as Lagos, Abuja, Kano, and Port Harcourt.
Meanwhile, the mid-market rate serves as the global benchmark used by international financial platforms. It does not include transaction fees or local market premiums.
Exchange rates may fluctuate throughout the day due to supply, demand, and economic conditions. Therefore, individuals and businesses should confirm rates before making foreign exchange transactions.
Stay with Sojworldnews for daily updates on exchange rates, economic trends, and financial news in Nigeria.
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