As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) continues its meeting today, it is hoped that the outcome of the meeting will have a positive impact on the exchange rate of the naira to the currencies.
The naira currently exchanges on the black market at N753 when buying and N748 when selling.
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Information gathered from currency dealers reveals that the pound to the naira exchange rate is N920 when buying and N905 when selling.
Also, Euro, the second most traded currency trades at N800 buying and N785 when selling on the black market.
As at Monday, the dollar was bought at N752 and has today gone up by N1.
Dollar to Naira Rate for Past 7 Days
| Date | Buy | Sell |
| January 23, 2023 | 752 | 748 |
| January 22, 2023 | 755 | 746 |
| January 21, 2023 | 748 | 744 |
| January 20, 2023 | 746 | 742 |
| January 19, 2023 | 750 | 745 |
| January 18, 2023 | 749 | 744 |
| January 17, 2023 | 748 | 743 |
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Here is the black market exchange rate for the naira to other currencies.
Black Market Exchange Rates |
Buying Rate |
Selling Rate |
| Dollar to Naira | 753 | 748 |
| Pounds to Naira | 920 | 905 |
| Euro to Naira | 800 | 785 |
| Canadian Dollar to Naira | 560 | 540 |
| Rand to Naira | 38 | 31 |
| Dirham to Naira | 0 | 0 |
| Yuan to Naira | 62 | 62 |
| G.Cedi to Nair | 85 | 75 |
| CFA F. (XOF) To Naira | 0.83 | 0.81 |
| CFA F. (XAF) To Naira | 0.74 | 0.74 |