Looking for the latest CBN exchange rate today? This page provides a clear overview of available official-market reference rates for the US Dollar, British Pound and Euro against the Nigerian Naira.
Official exchange rates may change during the day, and the final rate available through a bank or authorised foreign-exchange provider can differ because of spreads, fees and transaction conditions.
CBN Exchange Rate Today
The table below compares the latest available official-market reference rates displayed on DollarToNaira.com for major currencies against the Nigerian Naira.
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| 🇺🇸 USD/NGN | Loading… | Loading… |
| 🇬🇧 GBP/NGN | Loading… | Loading… |
| 🇪🇺 EUR/NGN | Loading… | Loading… |
| 🇨🇦 CAD/NGN | Loading… | Loading… |
How Much Is $1, $100 and $1,000 at the Official Rate?
The estimates below use the displayed official USD buying reference. They are provided for quick comparison only.
What Is the Official Dollar to Naira Rate?
The official Dollar to Naira rate refers to rates available within Nigeria’s formal foreign-exchange market and through regulated financial channels.
The exact rate a customer receives can vary between banks, authorised dealers and transaction types. This is why the values displayed here should be treated as reference figures rather than guaranteed transaction prices.
CBN Rate vs Black Market Rate
The official exchange rate can differ from the parallel or black market rate.
Differences can result from demand, foreign-currency availability, liquidity, transaction access and market conditions.
To compare the official USD reference with the current parallel-market rate, visit our Dollar to Naira Today page.
Why Do Official Naira Exchange Rates Change?
Exchange rates can move as local and international financial conditions change.
Factors that may influence the Naira include foreign-exchange supply, demand for imports, foreign reserves, inflation, interest-rate decisions, crude-oil earnings and movements in major international currencies.
Other Currency Exchange Rate Pages
Frequently Asked Questions
What is the CBN exchange rate today?
The latest available official-market references for USD, GBP, EUR and CAD are displayed in the table above.
Is the CBN rate the same as the black market rate?
No. Official-market and parallel-market rates can differ because they operate under different supply, demand, liquidity and access conditions.
Can banks use a different exchange rate?
Yes. Banks and authorised providers may apply different spreads, fees, settlement terms and transaction-specific rates.
Can the official exchange rate change during the day?
Yes. Foreign-exchange values can move as market conditions and trading activity change.