The Nigerian Naira continues its decline against global counterparts after gaining on the back of the Central Bank of Nigeria’s proposed increase in foreign exchange supply to all forex operators across the country.
Naira gained on the parallel market to exchange at N493 against the United States Dollar on Tuesday 15, June 2021 before dropping to N497 on Wednesday 16, June 2021.
The local currency plunged as low as N502 to a United States Dollar on the parallel market before the CBN announced its plans to up liquidity in an effort to ease scarcity and speed up business activities in the largely import-dependent economy. See the Naira exchange rates across various sections of foreign exchange markets.
Naira Black Market Exchange Rates
Morning * Midday** Evening *** Final Rates
| Date |
USD |
GBP |
EURO |
YUAN |
Canadian |
Australian |
| NGN |
BUY/SELL |
BUY/SELL |
BUY/SELL |
BUY/SELL |
BUY/SELL |
BUY/SELL |
| 21/06/2021 |
495/500 |
703/710 |
585/592 |
62/69 |
400/410 |
300/325 |
| 18/06/2021 |
492/498 |
700/710 |
585/595 |
62/69 |
400/410 |
300/325 |
| 17/06/2021 |
483/493 |
700/710 |
590/600 |
62/69 |
400/410 |
300/322 |
| 16/06/2021 |
497/502 |
707/713 |
600/606 |
62/69 |
400/410 |
300/322 |
Bureau De Change Naira Rates
| Date |
USD |
GBP |
EURO |
| NGN |
BUY/SELL |
BUY/SELL |
BUY/SELL |
| 21/06/2021 |
480/90 |
680/710 |
550/603 |
| 19/06/2021 |
475/490 |
680/715 |
580/603 |
| 18/06/2021 |
475/485 |
680/715 |
580/603 |
| 17/06/2021 |
478/490 |
690/710 |
590/603 |
| 16/06/2021 |
495/500 |
707/718 |
600/609 |
| 15/06/2021 |
495/500 |
707/718 |
600/609 |
| 14/06/2021 |
490/498 |
705/718 |
600/608 |
Central Bank of Nigeria’s Official Naira Rates