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CBN Exchange Rate Dollar To Naira Today

CBN Exchange Rate Dollar To Naira Today

The Central Bank of Nigeria CBN exchange rate dollar to naira today and other currencies rate are quite different from the exchange rate in the parallel market otherwise known as black market. It sells dollars or any other currency at a cheaper rate to the Nigerian banks who then sell it to their customers at a rate higher than they got. This means if you’re able to get forex from the Central Bank, it would be quite cheaper for you.

CBN exchange rate dollar to naira today

CBN exchange rate dollar to naira today

However, individuals are not allowed to transact directly with the Central Bank. So basically, we can say there are three foreign exchange rate; official or Central Bank rate , inter bank rate and the parallel or black market rate. This article would centre on the official foreign exchange rate. Before that, let have an overview of the Central Bank of Nigeria (CBN).

CBN Exchange Rate Dollar To Naira Today Nigeria and Other Major currencies like Euro, British Pounds, CFA Xof, Yen, Riyal, Danish Krona

CBN Exchange Rate Dollar To Naira Today

  • Buy : 304.5
  • Sell : 305.5

Cbn Euro To Naira exchange rate { Eur £ }

  • Buy : 322.8005
  • Sell : 323.8608

Cbn Pounds To Naira Exchange Rate { GBP € }

  • Buy : 378.5849
  • Sell : 379.8282

Cbn CFA exchange rate { Xof }

  • Buy : 0.4723
  • Sell : 0.4923

Cbn Exchange Rate Yen to Naira { Yen ¥ }

  • Buy : 2.7132
  • Sell : 2.7221

Cbn exchange rate Swiss franc to Naira

  • Buy : 303.0755
  • Sell : 304.0709

 Waua to Naira

  • Buy : 411.2352
  • Sell : 412.5857

Cbn exchange rate Riyal to Naira

  • Buy : 81.1913
  • Sell : 81.458

exchange rate Yuan / Renmnibi to Naira

  • Buy : 44.3313
  • Sell : 44.4778

exchange rate Danish Krona to Naira

  • Buy : 43.42
  • Sell : 43.5626

Sdr to Naira exchange rate

  • Buy : 411.8972
  • Sell : 413.2419

This foreign exchange rate is highly accurate and you can bank on it, it was retrieved directly from the CBN and updated frequently.

Overview OF Central Bank Of Nigeria

The Central Bank of Nigeria is the apex bank in the country, it was established by the CBN Act of 1958 and commenced operations on July 1, 1959. It was established to carry out the following assignment among others.

  1. Maintain the external reserves of the country
  2. Promote monetary stability and a sound financial environment 
  3. Act as a banker of last resort and financial adviser to the Federal government.

The Central Bank of Nigeria headquarters is in Abuja and have Godwin Emefele as it Governor. It is the sole issuer of the Nigerian Naira. In past times, the CBN usually peg the foreign exchange rate but have in recent time left that to the parallel market.

There you have it on CBN exchange rate dollar to naira today Nigeria , share your thoughts and suggestions with us through the comment box and like us on facebook.com/36fab or follow us on twitter.com/LagosNW

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Updated: May 15, 2017 — 7:49 pm

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