As of today, the exchange rates between the Nigerian Naira (NGN) and major foreign currencies are as follows:
Official Rates:
- US Dollar (USD): According to the Central Bank of Nigeria (CBN), the official exchange rate is 1 USD to 1,547.9989 NGN as of January 20, 2025.
- Euro (EUR): The official rate stands at 1 EUR to 1,728.540 NGN as of January 22, 2025.
- British Pound Sterling (GBP): The official exchange rate is 1 GBP to 2,045.640 NGN as of January 22, 2025.
Parallel Market Rates:
In the parallel market, rates can vary. As of January 23, 2025, reports indicate:
- US Dollar (USD): Buying at 1,650 NGN and selling at 1,670 NGN.
- Euro (EUR): Buying at 1,660 NGN and selling at 1,690 NGN.
- British Pound Sterling (GBP): Buying at 2,010 NGN and selling at 2,050 NGN.