Current Exchange Rate in Nigeria Today: Dollar, Pound, Euro and Other Currencies to Naira

Current Exchange Rate in Nigeria Today, September 1, 2026: Are you looking for the latest exchange rate of foreign currencies to the Nigerian Naira? This page provides an updated overview of the exchange rates for the US Dollar, British Pound, Euro, Canadian Dollar, Saudi Riyal, UAE Dirham, Chinese Yuan, Japanese Yen, Swiss Franc, South African Rand, CFA Franc, Kenyan Shilling, Ghanaian Cedi, Tanzanian Shilling and other major currencies.

Current Exchange Rate in Nigeria Today

The Nigerian foreign exchange market continues to experience regular fluctuations. As a result, the value of the Naira against major international currencies can change depending on the official foreign exchange market, banks, Bureau De Change operators and the parallel market, commonly known as the black market.

For this reason, anyone planning to buy or sell foreign currency should always confirm the latest rate before carrying out a transaction.

According to recent exchange rate data, the official USD/NGN rate was around ₦1,332.94 per US Dollar, while parallel market rates were higher and varied depending on location and dealer. Exchange rates for other currencies also differ across official and black market channels.

Quick Summary of Exchange Rates in Nigeria Today

Below is a snapshot of selected exchange rates against the Nigerian Naira.

Rates can change during the day and may differ between financial institutions, forex dealers and locations.

Dollar to Naira Exchange Rate Today

The Dollar to Naira exchange rate remains the most closely watched currency rate in Nigeria.

The US Dollar is widely used for international trade, school fees, travel, online payments, imports and foreign investments. Because of the high demand for dollars, the exchange rate can differ significantly between the official market and the black market.

Dollar to Naira Official Exchange Rate

The official exchange rate is determined through Nigeria’s official foreign exchange market. The Central Bank of Nigeria and the Nigerian Foreign Exchange Market provide official market data.

Recent official data showed the US Dollar trading around ₦1,332.94 per Dollar.

Dollar to Naira Black Market Rate Today

Parallel market rates are usually higher than official market rates. Recent market data showed the Dollar selling at around ₦1,410, although the exact buying and selling rate may vary by location and forex dealer.

British Pounds to Naira Exchange Rate Today

The British Pound Sterling is another major foreign currency traded in Nigeria.

People exchange Pounds for Naira for several reasons, including international travel, education, business transactions and remittances from the United Kingdom.

Recent official market data placed the British Pound to Naira rate at approximately ₦1,805.60 per Pound. Black market rates may be higher depending on demand and local market conditions.

Euro to Naira Black Market Rate Today

The Euro to Naira exchange rate is important for Nigerians who trade, study or travel within the Eurozone.

Recent official exchange rate data showed the Euro trading at approximately ₦1,545.81. Parallel market rates can differ significantly, with recent market listings showing rates around the ₦1,600 range.

Why Does the Euro Black Market Rate Change?

The Euro to Naira black market rate can change because of:

• Demand for foreign currency
• Availability of Euros
• International currency movements
• Nigeria’s foreign exchange policies
• Economic conditions
• Import and travel demand

Australian Dollar to Naira Black Market Rate Today

The Australian Dollar to Naira exchange rate is relevant to Nigerians travelling to Australia, studying abroad or receiving payments from Australia.

The AUD/NGN rate changes based on the international value of the Australian Dollar and movements in the Nigerian foreign exchange market.

Before exchanging Australian Dollars, compare rates from banks, official forex providers and licensed Bureau De Change operators.

UAE Dirham to Naira Black Market Rate Today

The UAE Dirham (AED) to Naira exchange rate is important because of the growing business and travel relationship between Nigeria and the United Arab Emirates.

Recent official exchange rate information placed the UAE Dirham at roughly ₦375 per AED during recent market trading, although current rates can change.

The AED to Naira black market rate may differ depending on the location and the availability of Dirhams.

Saudi Riyal to Naira Black Market Rate Today

The Saudi Riyal to Naira exchange rate is particularly important for Nigerians travelling to Saudi Arabia for Hajj, Umrah, employment and business.

Recent official market data placed the Saudi Riyal at approximately ₦355 per Riyal.

The black market rate may be different from the official rate.

Chinese Yuan to Naira Today

The Chinese Yuan (CNY), also known as the Renminbi, is becoming increasingly important in Nigeria because of trade between Nigeria and China.

Recent official exchange rate data showed the Chinese Yuan trading at approximately ₦198 per Yuan.

The Yuan to Naira rate may change due to international currency movements and demand for Chinese goods and services.

Japanese Yen to Naira Today

The Japanese Yen is one of the world’s major currencies.

The Japanese Yen to Naira exchange rate is usually quoted at a relatively low Naira value per Yen because of the Yen’s currency denomination.

Recent official data showed the Japanese Yen at approximately ₦8.34 per Yen.

However, when exchanging a large amount of Japanese Yen, the total Naira value can be substantial.

Swiss Franc to Naira Today

The Swiss Franc (CHF) is regarded as one of the world’s strongest and most stable currencies.

Recent official market data showed the Swiss Franc trading at approximately ₦1,647.84 per CHF.

The CHF to Naira exchange rate can fluctuate based on movements in global financial markets.

South African Rand to Naira Today

The South African Rand is one of Africa’s most widely traded currencies.

The South African Rand to Naira exchange rate is important for Nigerians travelling, studying or conducting business in South Africa.

The ZAR/NGN rate changes regularly based on economic developments in both Nigeria and South Africa.

Because the Rand is traded internationally, its value against the Naira can also be influenced by global market conditions.

CFA Franc to Naira Today

The CFA Franc is used in several African countries.

There are two main CFA currencies:

• West African CFA Franc (XOF)
• Central African CFA Franc (XAF)

Both currencies are important for Nigerians involved in trade and travel across West and Central Africa.

Recent market information has shown the CFA Franc trading at around a few Naira per CFA unit, depending on whether the currency is XOF or XAF and the exchange channel used.

Countries That Use the CFA Franc

Countries using the CFA Franc include:

• Benin
• Burkina Faso
• Cameroon
• Chad
• Côte d’Ivoire
• Gabon
• Mali
• Niger
• Senegal
• Togo

The exact CFA to Naira exchange rate should always be checked before making a transaction.

Singapore Dollar to Naira Today

The Singapore Dollar (SGD) is a major Asian currency.

Nigerians involved in international trade, education, travel and financial transactions may need to convert Singapore Dollars to Naira.

The SGD to Naira rate depends on the value of the Singapore Dollar in international markets and the current value of the Nigerian Naira.

Canadian Dollar to Naira Today

The Canadian Dollar to Naira exchange rate is closely monitored by Nigerians living, studying or working in Canada.

Recent market data showed the Canadian Dollar trading around ₦990 officially, while parallel market rates could be higher.

The CAD/NGN exchange rate can fluctuate based on Canadian economic data, oil prices and developments in the Nigerian forex market.

Indian Rupee to Naira Today

The Indian Rupee (INR) to Naira exchange rate is relevant for Nigerians who purchase goods from India, travel to India or pay for educational and medical services.

The Indian Rupee has a relatively low value against the Naira on a per-unit basis compared with currencies such as the Dollar, Pound and Euro.

For accurate conversions, always check the latest rate from your preferred exchange provider.

Ghanaian Cedi to Naira Today

The Ghanaian Cedi (GHS) to Naira exchange rate is important for cross-border trade and travel within West Africa.

Nigeria and Ghana have strong commercial and social connections, which means many people regularly exchange Naira and Ghanaian Cedis.

The exchange rate can differ between banks, forex providers and physical money changers.

Tanzanian Shilling to Naira Today

The Tanzanian Shilling (TZS) to Naira exchange rate is important for Nigerians travelling to or conducting business in Tanzania.

Because both currencies are African currencies with different market dynamics, the exchange rate may change based on regional economic conditions and international forex movements.

Kenyan Shilling to Naira Today

The Kenyan Shilling (KES) to Naira exchange rate is important for trade, tourism and business between Nigeria and Kenya.

Kenya has one of East Africa’s largest economies, making the Kenyan Shilling an important regional currency.

The KES/NGN exchange rate can vary depending on the exchange provider and the current market rate.

Other Foreign Currencies to Naira Today

Apart from the currencies listed above, Nigerians also search for the exchange rates of:

• Norwegian Krone to Naira
• Swedish Krona to Naira
• Danish Krone to Naira
• South Korean Won to Naira
• Turkish Lira to Naira
• UAE Dirham to Naira
• Qatar Riyal to Naira
• Kuwaiti Dinar to Naira
• Egyptian Pound to Naira
• Ugandan Shilling to Naira
• Zambian Kwacha to Naira
• Botswana Pula to Naira

The rates for these currencies can change regularly depending on international market conditions.

What Is the Difference Between Official and Black Market Exchange Rates?

One of the most common questions asked by Nigerians is why the official exchange rate differs from the black market rate.

Official Exchange Rate

The official exchange rate refers to the rate available through Nigeria’s formal foreign exchange market and authorised financial institutions.

Official rates are influenced by trading activity in the Nigerian Foreign Exchange Market.

Black Market Exchange Rate

The black market, also known as the parallel market, refers to foreign currency transactions that occur outside the official banking market.

Rates in the parallel market can be higher or lower than official rates depending on:

• Demand for foreign currency
• Availability of Dollars and other currencies
• Economic uncertainty
• Market speculation
• Government policies
• Import demand

The Central Bank of Nigeria publishes official foreign exchange market data, while parallel market quotes can vary between dealers and locations.

Why Does the Naira Exchange Rate Change Every Day?

The Naira does not have a fixed value against most foreign currencies.

Several factors can cause exchange rates to change.

Foreign Exchange Supply

When more foreign currency enters Nigeria, the supply of Dollars and other currencies can increase.

This can help reduce pressure on the Naira.

Demand for Foreign Currency

High demand for Dollars, Pounds, Euros and other currencies can put pressure on the Naira.

Businesses importing goods, students paying foreign school fees and travellers all contribute to foreign currency demand.

Oil Revenue

Nigeria is a major oil-producing country.

Changes in oil prices and oil production can affect the amount of foreign exchange entering the country.

Foreign Investment

Foreign investors can bring additional foreign currency into Nigeria.

Higher investment inflows may improve liquidity in the foreign exchange market.

Central Bank Policies

Policies introduced by the Central Bank of Nigeria can influence how foreign currency is bought and sold.

How to Calculate Foreign Currency to Naira

You can calculate the value of foreign currency in Naira using this simple formula:

Amount of Foreign Currency × Current Exchange Rate = Naira Value

For example:

If 1 US Dollar equals ₦1,400:

$100 × ₦1,400 = ₦140,000

If the rate changes, the final amount you receive will also change.

Important Things to Know Before Exchanging Money

Before buying or selling foreign currency, consider the following:

Compare Different Rates

Rates may differ between banks and licensed forex providers.

Ask About Transaction Charges

Some financial institutions may charge fees in addition to the exchange rate.

Confirm the Buying and Selling Rate

The buying rate and selling rate are usually not the same.

Be Careful With Unauthorised Dealers

For security and legal compliance, consider using authorised and regulated foreign exchange providers where available.

Frequently Asked Questions About Exchange Rates in Nigeria

What is the Dollar to Naira exchange rate today?

The Dollar to Naira exchange rate changes regularly. Recent official data placed the US Dollar around ₦1,332.94, while parallel market quotes were around ₦1,400 to ₦1,410, depending on the source and location.

What is the Euro to Naira black market rate today?

The Euro black market rate varies by dealer and location. Recent market data showed rates around ₦1,600 per Euro, while the official rate was lower.

What is the British Pound to Naira rate today?

Recent official market data placed the British Pound at around ₦1,805.60, although parallel market rates may differ.

What is the Saudi Riyal to Naira rate today?

Recent official market information placed the Saudi Riyal at approximately ₦355 per SAR.

Why are black market exchange rates different?

Black market rates are influenced by demand, supply and local market conditions. They are not necessarily the same as official market rates.

Conclusion

The current exchange rate in Nigeria today remains important for millions of Nigerians, businesses, travellers, students, importers and people receiving money from abroad.

Whether you are checking the Dollar to Naira exchange rate, British Pound to Naira, Euro to Naira black market rate, Saudi Riyal to Naira, Chinese Yuan to Naira, Canadian Dollar to Naira, CFA Franc to Naira or any other currency, it is important to remember that exchange rates can change frequently.

Always check the latest rate before completing a foreign currency transaction.

Disclaimer: The exchange rates in this article are for informational purposes and may change without notice. Actual rates may vary depending on the bank, forex provider, Bureau De Change operator, transaction method and location.