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    Exchange Rates Today: USD, GBP, and EUR Against the Naira

    Goli InnocentBy Economy
    Naira vs Dollar(petroluemprice.ng)
    Exchange Rates Today: USD, GBP, and EUR Against the Naira(petroluemprice.ng)

    As of today 7th February 2025, the exchange rates between the Nigerian Naira (NGN) and major foreign currencies are as follows:

    Official Rates:

    • US Dollar (USD): ₦1,546.85 per USD
    • British Pound Sterling (GBP): ₦1,877.42 per GBP
    • Euro (EUR): ₦1,578.87 per EUR

    These official rates are sourced from the Central Bank of Nigeria (CBN).

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    Parallel Market Rates:

    • US Dollar (USD): ₦1,670 per USD
    • British Pound Sterling (GBP): ₦2,140 per GBP
    • Euro (EUR): ₦1,750 per EUR

    The significant disparities between the official and parallel market rates underscore ongoing challenges in Nigeria’s foreign exchange landscape. Factors such as fluctuations in foreign exchange reserves and market demand continue to influence these rates.

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    Goli Innocent

    Innocent Precious Anga is a marketing graduate with a strong background in social media management and content creation. His journey began in 2020, when he started supporting friends' businesses by leveraging social media to drive growth during the COVID-19 pandemic. In 2023, he secured his first professional role as a Social Media Manager with First Equatorial, a real estate company, while also contributing as a writer for New Telegraph during his NYSC scheme. By 2024, Innocent had joined Evaluate Media as a Social Media Manager and Content Writer and later freelanced with Daragram. He currently oversees social media and works as a Copywriter.

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