Naira Exchange Rates Nigeria



Daily Naira / Dollar / Pounds / Euro Exchange Rates

Lagos Parallell Market Rates NGN/USD/GBP/EUR


Date Naira/Dollar (NGN/USD)
Buy/Sell
Naira/Pound (NGN/GBP)
Buy/Sell
Naira/Euro (NGN/EUR)
Buy/Sell
July 20, 2018 355/360 475/480 412/420
July 19, 2018 355/360 475/480 412/420
July 18, 2018 355/360 475/480 412/418
July 17, 2018 355/361 475/481 412/418
July 16, 2018 355/361 475/482 412/420
July 13, 2018 355/361 475/481 412/420
July 12, 2018 356/361 475/480 412/419
July 11, 2018 356/361 475/480 412/418
July 10, 2018 356/361 475/480 412/418
July 09, 2018 355/361 474/480 412/418
July 05, 2018 355/361 474/479 412/417
July 04, 2018 355/362 475/480 412/418
July 03, 2018 355/362 477/482 412/418
July 02, 2018 355/362 479/482 415/420
June 29, 2018 355/361 479/482 415/420
June 28, 2018 355/362 479/483 415/420
June 27, 2018 355/362 479/484 415/421
June 26, 2018 355/362 479/484 415/421
June 25, 2018 355/362 480/484 415/420
June 22, 2018 355/362 480/484 415/420
June 21, 2018 355/362 480/486 415/420

The parallel market rates represent the average rate from various black market dealers on the Lagos mainland and island.

There may be a N2/3 differential between Island and Mainland rates.

Central Bank of Nigeria (CBN) / Interbank Rates


Date Naira/Dollar (NGN/USD)
Naira/Pound (NGN/GBP) Naira/Euro (NGN/EUR)
July 20, 2018 305.85 396.96 354.51
July 19, 2018 305.80 403.36 358.14
July 18, 2018 305.80 403.41 358.00
July 17, 2018 305.80 402.43 356.27
July 16, 2018 305.80 402.06 356.04
July 13, 2018 305.75 405.24 358.64
July 12, 2018 305.75 405.37 358.72
July 11, 2018 305.75 405.42 358.18
July 10, 2018 305.70 404.76 358.67
July 09, 2018 305.70 404.31 358.12
July 06, 2018 305.70 405.63 357.94
July 05, 2018 305.70 403.57 356.01
July 04, 2018 305.75 401.57 355.49
July 03, 2018 305.80 400.10 354.24
July 02, 2018 305.80 404.60 356.16
June 29, 2018 305.80 404.60 356.16
June 28, 2018 305.80 405.06 357.05
June 27, 2018 305.80 404.07 356.48
June 26, 2018 305.80 403.95 352.79
June 25, 2018 305.85 402.42 353.10
June 22, 2018 305.90 402.64 353.71
June 21, 2018 305.90 403.23 354.15

The Interbank rates shows the current CBN exchange rates and official interbank rates. There are about 6 Forex windows maintained by the CBN each with a different exchange rate.

The windows are:
  1. Official Interbank Wholesale window
  2. NAFEX Window (NAFEX - Nigerian Autonomous Foreign Exchange window) quoted on the FMDQ OTC Securities Exchange platform
  3. NIFEX Window (NIFEX - Nigerian Foreign Exchange window) quoted on the FMDQ OTC Securities Exchange platform
  4. I & E Window (I&E - Investors and Exporters foreign exchange window). This includes loan repayments, loan interest payments, dividends/income remittances, capital repatriation, management services fees, consultancy fees, software subscription fees, technology transfer agreements, personal home remittances and any such other eligible invisible transactions including Miscellaneous Payments as specified under Memorandum 15 of the CBN Foreign Exchange Manual.
  5. SME Window - to enable SMEs import eligible finished and semi-finished items not exceeding $20,000 for an enterprise per quarter.
  6. SMIS Window (SMIS - Secondary Market Intervention Sales) for software developers, exporters. This includes international Airlines Ticket Sales Remittances
Unlike the general official interbank market, the rate at the I & E, NIFEX and NAFEX windows are market determined based on the forces of demand and supply, and are not set by the CBN.

FMDQ - Financial Market Daily Quotes
OTC - Over The Counter




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