Naira Exchange Rates - Parallel Market Lagos. *Prevelant Rate - Could be slightly higer or lower based on vendor.
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Nigeria central bank introduces FX trading window for investors - Reuters

By Chijioke Ohuocha LAGOS, April 24 (Reuters) - Nigeria's central bank will now allow investors to engage in foreign exchange trading at rates the buyers and sellers set, a move it hopes will increase the amount of dollars available in Africa's…

CBN targets exchange rate stability, naira now 380/dollar - Punch

Oyetunji Abioye The Central Bank of Nigeria on Sunday said it would continue to introduce measures to stabilise the foreign exchange market. It also said that various forex initiatives it had introduced in recent weeks were beginning to…
dollar to naira

CBN to sell dollars to offset forex demand - The Nation

The Central Bank of Nigeria (CBN) at the weekend said it would offer dollar forwards to offset a backlog of foreign exchange obligations for manufacturers, airlines and fuel importers. Traders said the dollars would be sold directly to…

Interbank rate rises as banks pay for dollar purchases - The Nation

Nigeria’s interbank lending rate climbed by around 20 percentage points at the weekend after the Central Bank of Nigeria’s (CBN’s) sale of dollar forwards to offset a backlog of forex obligations drained cash from the money market. The…

Despite CBN Market Forays, External Reserves Stand at $30.6bn - Thisday

By Obinna Chima Despite all the dollars pumped into the foreign exchange (FX) market by the Central Bank of Nigeria (CBN) since February 20 when it announced its new FX policy measures, the country’s external reserves have remained relatively…

Dollar to Naira Rate Black Market April 24 2017

Dollar to Naira Rate Black Market April 24 2017. Today's Naira Black Market Exchange Rates. Dollar to Naira. Pounds to Naira. Euros to Naira. These are the prevalent rates for Lagos. Actual rates may vary slightly based on vendor. Rates are…