Naira Exchange Rates - Parallel Market Lagos. *Prevelant Rate - Could be slightly higer or lower based on vendor.
Naira (₦)USD ($)Euro (€)GBP (£)
Buy/SellBuy/SellBuy/Sell
21/4/2017376/388400/413485/498
20/4/2017375/384400/420480/500
19/4/2017385/401410/432485/502
18/4/2017400/407420/433490/504
14/4/2017406/410419/433488/504

Naira ends week on strong note, closes at N385 to a dollar – The Cable

Efforts by the Central Bank of Nigeria to salvage the naira yielded positive results as the nation’s currency closed at N385 to a dollar on Friday.

During the week, the CBN injected a total of $380 million into the forex market and increased the forex allocations of Bureau de Change operators to meet the needs of customers.

This makes it the second time that the allocations would be increased in recent times with the first been from $8,000 per week to $10,000 per week on March 30.

On Tuesday, CBN announced that it would increase the weekly allocation of BDCs from $10,000 to $20,000.

On the international market, the naira closed at N315.99 to a dollar, N404.5 to a pound and N338 to the euro.

At the parallel market, the naira closed at N385 to a dollar, N490 to a pound and N410 to the euro.

On April 12, the CBN made spot sales totaling $100 million to interested SMEs through its newly opened foreign exchange window for small scale importers.

Isaac Okorafor, CBN acting director of corporate communications, had explained that the new window for SMEs was a means of providing small scale importers an avenue to source forex.

Okorafor said no SME would be allowed to transact more than $20,000 per quarter.

CBN

Central bank creates forex window for investors, exporters - Today

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CBN suspends cashless policy, asks banks to refund charges - The Cable

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CBN

Nigerian central bank to sell dollars to offset fx demand - Reuters

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Naira Extends Gains As Dollar Glut Hits Market - Thisday

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WEEKAHEAD-Nigeria's naira to firm on c.bank move, Zambia's kwacha seen stable - Reuters

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Major OPEC members agree to extend output cuts - The Cable

Major crude-producing countries have reached an initial agreement to extend the output cuts earlier agreed on in December. The Organisation of Petroleum Exporting Countries (OPEC) and other producers including Russia had agreed to pump less…