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Live Foreign Exchange Monitor

Naira Exchange Rate (USD/NGN)

Real-time Nigerian Foreign Exchange intelligence comparing the official Central Bank of Nigeria NAFEM window against open parallel street market quotes.

Parallel Market (Street / BDC)0.00%
₦0.00 / $1
Cash rate across Lagos, Abuja, & Kano Bureau de Change hubs
Official Window (NAFEM / CBN)CBN Model
₦0.00 Official NAFEM
Willing-buyer, willing-seller order-book rate via commercial banks

Live Currency Calculators (USD, EUR, GBP, JPY)

Interactive two-way FX calculators. Enter an amount in either currency to convert instantly using verified exchange rates.

USDUS Dollar
Buy: ₦0.00·Sell: ₦0.00
0.00%
$
₦
Converting to Naira via Buy Rate (1 USD = ₦0.00)
Quick:
EUREuro
Buy: ₦0.00·Sell: ₦0.00
0.00%
€
₦
Converting to Naira via Buy Rate (1 EUR = ₦0.00)
Quick:
GBPBritish Pound
Buy: ₦0.00·Sell: ₦0.00
0.00%
£
₦
Converting to Naira via Buy Rate (1 GBP = ₦0.00)
Quick:
JPYJapanese Yen
Buy: ₦0.00·Sell: ₦0.00
0.00%
¥
₦
Converting to Naira via Buy Rate (1 JPY = ₦0.00)
Quick:
Source Attribution: AbokiForex & Central Bank of Nigeria (CBN) · Verified through public order-book fixings and financial market reporting.

Understanding the Naira Foreign Exchange Window

Nigeria operates a managed floating exchange rate system through the Nigerian Autonomous Foreign Exchange Market (NAFEM), administered by the Central Bank of Nigeria (CBN). Rates are established through market-determined demand and supply dynamics between authorized dealers.

The parallel market reflects cash transactions outside formal electronic banking corridors, catering primarily to retail travelers, informal traders, and immediate liquidity demands. The spread between official and parallel rates remains an essential barometer of macroeconomic liquidity and foreign capital inflows.