Live CBN official exchange rate, plus GBP, EUR and all major currencies to Naira. Updated daily.
The CBN official dollar to naira rate is shown above. NaijaHub fetches this live from the ExchangeRate-API which sources from the Central Bank of Nigeria (CBN) interbank rate, updated each business day.
The parallel market rate is typically ₦20–₦50 higher than the CBN rate. As of March 2026, the spread between official and black market rates has narrowed significantly following CBN reforms. Always use the official rate for international transfers and business transactions.
For international transfers, licensed money transfer apps like Grey, LemFi, Wise and Remitly often offer better rates than banks. For cash exchange, CBN-licensed Bureau De Change (BDC) operators offer rates close to the official rate.
The Central Bank of Nigeria publishes daily official rates at cbn.gov.ng/rates. These are the NFEM (Nigerian Foreign Exchange Market) rates and are updated each business day.