Daily Naira Exchange Rate – Parallel Market

RATING FOR MORNING (*), MIDDAY (**) &  EVENING (***)

NGN dollar to nairaUSD pounds to nairaGBP EUR
  Buy/Sell Buy/Sell Buy/Sell
15/12/2017 361/365 478/485 422/425
14/12/2017 360/364  477/483 420/426
13/11/2017 361/364 470/475 425/430
Naira Exchange Rates – Parallel Market Lagos. *Prevalent Rate – Could be slightly higher or lower based on vendor.360/363*



              In One Week FX Window Records $1.11 Billion Transactions

The level of activities on the Investors and Exporters (I&E) foreign exchange (FX) window strengthened to $1.110 billion in just one week, compared with the $759.2 billion recorded the preceding week.

the indicative exchange rate for the I & E window, known as the Nigerian Autonomous Foreign Exchange (NAFEX), which gained on the first two trading days, to N359.91/$1 and N359.83/$1, closed the week at N360.41 to the dollar. This represented an appreciation by 16 kobo, compared with the N360.25 to the dollar it closed on this segment of the market, the preceding week.

Dated forward contracts at the interbank OTC segment appreciated amid sustained increase in the foreign exchange reserves – the 1-month, 2-month, 3-month and 6-month contracts appreciated week-on-*week by 0.24 per cent,
*0.34 per cent,
*0.42per cent and
*1.25 per cent to close at N365.05/$, N370.16/$, N375.62/$ and N392.33/$ respectively.

Following the success of the $3 billion Eurobond issue by the federal government last month, coupled with higher oil prices and production, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last week disclosed that the country’s external reserves have hit a four-year high of $38.2 billion.

Under this tranche, the federal government got N205.700 billion, state governments got N104.334 billion, local governments received N80.437 billion, N40.847 billion was shared as 13 per cent derivation proceeds to went to the oil producing states, while N11.726 was set aside as cost of collection to revenue generating agencies and Federal Inland Revenue Services (FIRS) refund.

 

 WORLD  MAJORS  CURRENCY   RATES   OVER VIEW  

 CURRENCIES

 

GBP £ EUR € USD $ JPY ¥
United Kingdom(1) GBP
N/A 1.1376 1.3589 150.62 
United States (1)USD
0.7356 0.8372 N/A
110.78
EuropeaN Union(1)EUR
0.8784 N/A 1.1941
132.350
Australia (1)  AUD
0.5886 0.6698 0.8001
88.86
Canada (1)  CAD
0.6035 0.6867 0.8203
90.92
China (1) CNY
0.1122 0.1277 0.1526
16.909
Japan ( 1 ) JPY
0.0066 0.0076 0.009
N/A
Switzerland ( 1 ) CHF
0.7662 0.872 1.0416
115.45
 Foreign exchange rates of major world currencies. Compare key cross rates and currency exchange rates of U.S. Dollars, Euros, British Pounds, and others.

*ALL EXCHANGE ARE IN BLACK MARKET  RATE

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BANK ATM RATES

CURRENT                            LOWEST/HIGHEST                             SEPTEMBER

  LOCATION BANK RATE CURRENCY
04/12/2017 online Access ₦ 367  USD
04/12/2017 online Skye ₦ 292
AUD
04/12/2017 online GTB ₦ 496
pounds to nairaGBP
26/09/2017 online Ecobank ₦ 449
pounds to nairaGBP
Naira Exchange Rates – Parallel Market Lagos. *Prevelant Rate – Could be slightly higer or lower based on vendor.

 




Despite the fact that Pounds Sterling is not the only powerful currency fluctuating against the Naira, currencies like the Dollar and Euro also do flucate against Naira. Below are Pounds to Naira Rate today in black market and official exchange Rate of GB Pound to NG Naira.

DAILY NAIRA EXCHANGE RATE – PARALLEL(XOF – CFA FRANC)(BENIN CFA – COT)(XAF – CENTRAL AFRICAN CFA FRANC)(CAMEROON CFA – CAM)

 NGN GHS XAF XOF
  Buy/Sell Buy/Sell Buy/Sell
20/09/2017 75 / 85 600 / 615 630/ 650
19/09/2017 75 / 85 600 / 610 630/ 650
18/09/2017 75 / 85 600/610 630 / 650

                                      WESTERN UNION (RECEIVING)​

 NGN USD GBP EUR
20/10/2017 355.00 472.10 415.57
19/10/2017 355.00 465.73 413.44


                                     MONEY-GRAM (RECEIVING)

 NGN USD GBP EUR
04/12/2017 353.23 474.40 421.68
05/09/2017 353.23 461.40 420.09

                                   CBN EXCHANGE RATES

 NGN USD GBP EUR
04/12/2017 307.00 414.54 363.98
29/11/2017 305.75 409.89 362.16