The Naira continues to face pressure at the parallel market, with traders reporting significant fluctuations across major global currencies.
At the dollar to naira black market, the U.S. Dollar is being bought at ₦1,540 and sold at ₦1,545.
Other major currency rates in today’s black market trading are as follows:
-
British Pound (GBP): ₦2,075 (buy), ₦2,100 (sell)
-
Euro (EUR): ₦1,770 (buy), ₦1,790 (sell)
-
Canadian Dollar (CAD): ₦1,150 (buy), ₦1,200 (sell)
-
South African Rand (ZAR): ₦80 (buy), ₦100 (sell)
-
UAE Dirham (AED): ₦400 (buy), ₦420 (sell)
-
Chinese Yuan (CNY): ₦205 (buy), ₦220 (sell)
-
Ghanaian Cedi (GHS): ₦120 (buy), ₦135 (sell)
-
West African CFA (XOF): ₦2,600 (buy), ₦2,790 (sell)
-
Central African CFA (XAF): ₦2,410 (buy), ₦2,480 (sell)
-
Australian Dollar (AUD): ₦900 (buy), ₦1,000 (sell)
These figures reflect ongoing volatility in Nigeria’s foreign exchange market, as demand for foreign currencies remains high amidst economic uncertainty.
