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
September 21, 2018 357/361 458/477 408/417
September 20, 2018 357/361 458/475 408/416
September 19, 2018 357/361 458/476 408/416
September 18, 2018 357/361 458/475 408/417
September 17, 2018 357/361 458/476 408/417
September 14, 2018 357/361 458/473 408/416
September 13, 2018 357/361 458/472 408/416
September 12, 2018 357/361 458/470 408/416
September 11, 2018 357/361 458/467 408/416
September 10, 2018 357/361 458/467 408/416
September 07, 2018 357/361 458/467 408/417
September 06, 2018 357/361 458/467 408/416
September 05, 2018 357/361 458/465 408/415
September 04, 2018 357/361 458/465 408/416
September 03, 2018 357/361 458/467 408/416
August 31, 2018 357/361 458/466 408/416
August 30, 2018 355/361 460/464 407/414
August 29, 2018 355/361 460/464 407/412
August 28, 2018 355/360 460/464 407/412
August 27, 2018 355/360 460/463 407/412
August 24, 2018 355/360 460/463 407/410
August 23, 2018 355/360 460/463 407/411
August 22, 2018 355/360 460/465 407/411

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)
September 21, 2018 306.30 406.79 360.45
September 20, 2018 306.30 402.63 357.78
September 19, 2018 306.30 402.72 358.67
September 18, 2018 306.25 400.72 357.48
September 17, 2018 306.25 401.34 357.94
September 14, 2018 306.25 399.56 355.92
September 13, 2018 306.25 399.86 354.69
September 12, 2018 306.25 398.49 354.82
September 11, 2018 306.25 396.44 354.45
September 10, 2018 306.20 397.90 355.52
September 07, 2018 306.20 396.16 356.04
September 06, 2018 306.20 392.85 354.82
September 05, 2018 306.20 392.97 354.02
September 04, 2018 306.15 394.07 355.50
September 03, 2018 306.15 397.41 356.72
August 31, 2018 306.15 398.57 357.82
August 30, 2018 306.15 395.54 358.80
August 29, 2018 306.10 394.12 356.04
August 28, 2018 306.10 393.88 355.93
August 27, 2018 306.10 388.62 350.16
August 24, 2018 306.10 387.54 348.67
August 23, 2018 306.10 390.82 350.21
August 22, 2018 306.10 390.79 349.56

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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