Official and street rates, the gap between them, and the reserves and yields behind the naira.
| Currency | Official (NFEM) | Parallel buy | Parallel sell |
|---|---|---|---|
| USDUS dollar1 $ | ₦1,346.86 | ₦1,375.00 | ₦1,385.00 |
| EUREuro1 € | ₦1,508.48cross | n/a | n/a |
| GBPBritish pound1 £ | ₦1,804.79cross | n/a | n/a |
Choose the rate you will actually get.
Official rate: Nigerian Foreign Exchange Market (NFEM), 30 Oct 2026. Parallel rates: Lagos street-market survey as reported in the press; they vary by city and dealer. EUR and GBP official rates are indicative crosses from the NFEM dollar rate and global EUR/USD 1.12 and GBP/USD 1.34 (Bloomberg, 2 Nov 2026). For information only, not an offer to trade.
Gross external reserves of $55.07bn (9 Oct 2026) give the CBN room to smooth volatility.
A 26.5% policy rate and T-bill yields near 15–16% attract portfolio inflows that support the naira.
Crude prices and output drive most export earnings and the supply of dollars.
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