Do you know the official rate for the exchange of the Naira to US Dollar, as regulated by the Central Bank of Nigeria, (CBN)?
The official exchange rate of the CBN as of today for a Dollar is ₦460.
The CBN official exchange rate has remained constant in the past few weeks.
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The British Pound (GBP) experienced a 0.47% increase from ₦557 to stand at ₦560.
Similarly the Euro also had a 0.15% increase from ₦495 to ₦496 this week.
All the commercial banks in Nigeria also have their own exchange rates with which they carry out Dollar exchange to customers who wish to have access to the Dollar.
Here are some of the banks in Nigeria and their exchange rates.
Zenith Bank Plc exchanges at the rate of Dollar ₦461, UBA (United Bank of Africa) exchanges at the rate of Dollar ₦503.
Access Bank Plc and Guarantee Trust Bank exchanges at the rate of ₦505 and ₦490 respectively.
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