As of today Thursday 27th February 2025, the exchange rates between the Nigerian Naira (NGN) and major global currencies are as follows:
Official Market Rates
According to the Central Bank of Nigeria (CBN), the official exchange rates are:
- US Dollar (USD): 1 USD = 1,497.11 NGN
- British Pound (GBP): 1 GBP = 1,900.05 NGN
- Euro (EUR): 1 EUR = 1,560.74 NGN
Parallel Market Rates
In the parallel market, rates can vary. Based on user-reported data from NgnRates.com, the average rates are:
- US Dollar (USD): 1 USD = 1,480.00 NGN
- British Pound (GBP): 1 GBP = 1,850.00 NGN
- Euro (EUR): 1 EUR = 1,520.00 NGN
Exchange rates are subject to fluctuation due to market dynamics.
