The Nigerian Naira exchange rate to the United States Dollar remained at a record low ahead of the Central Bank of Nigeria (CBN) monetary policy decision scheduled for today and tomorrow.
Forex traders bought the Dollar at N1,665 at the parallel market, popularly known, as the black market and sold at N1,675. The British Pound Sterling (GBP) was acquired at N2,220 and sold at N2,240 as shown in the table below.
Naira (NGN) to Dollar (USD) Black Market Exchange Rate Today
| Foreign Currency |
Buying rate |
Selling rate |
| DOLLAR ($USD) |
N1,665 |
N1,675 |
| POUNDS STERLING (GBP) |
N2,220 |
N2,240 |
| EURO (EUR) |
N1,825 |
1,845 |
| YUAN (CNY) |
N222.28 |
N222.42 |
At the official forex segment, the local currency was stronger as it was exchanged at N1,587.34 to a United States Dollar while the GBP was traded at N2,066.56 and N2,067.86, respectively.
CBN Exchange Rate Today
| Foreign Currency |
Buying rate |
Selling rate |
| DOLLAR ($USD) |
N1,587.34 |
N1,588.34 |
| POUNDS STERLING (GBP) |
N2,066.56 |
N2,067.86 |
| EURO (EUR) |
N1,761.32 |
N1,762.42 |
| YUAN (CNY) |
N225.35 |
N225.49 |
| SAUDI RIYAL (SAR) |
N423 |
N423.29 |
