CBN Official Exchange Rate Today
The Central Bank of Nigeria's official NAFEM rate for USD, GBP, EUR and CAD to Nigerian Naira — updated daily.
USD to Nigerian Naira — Common Amounts
CBN official and parallel market rates for common amounts.
| Amount (USD) | CBN Official (₦) | Parallel Market (₦) |
|---|---|---|
| $50 | ₦79,500 | ₦84,668 |
| $100 | ₦159,000 | ₦169,335 |
| $200 | ₦318,000 | ₦338,670 |
| $500 | ₦795,000 | ₦846,675 |
| $1000 | ₦1,590,000 | ₦1,693,350 |
| $2000 | ₦3,180,000 | ₦3,386,700 |
| $5000 | ₦7,950,000 | ₦8,466,750 |
CBN Exchange Rate Today — NAFEM Rate Guide 2026
The CBN exchange rate today is the official rate set by the Central Bank of Nigeria through the NAFEM window. This is the rate used by Nigerian commercial banks, the government for oil revenue accounting, and businesses for formal import/export invoicing.
What Is the NAFEM Rate and How Is It Set?
The Nigeria Autonomous Foreign Exchange Market (NAFEM) was established by the CBN as part of the June 2023 forex unification. Under NAFEM, authorised commercial banks quote rates for buying and selling foreign exchange. The CBN publishes the volume-weighted average of these transactions as the official rate each business day.
Who Uses the CBN Official Rate?
Nigerian commercial banks for formal dollar purchases; NNPCL for oil revenue remittances; the federal government for budget planning; multinational companies for financial reporting; and the IMF and World Bank for Nigeria country statistics. Most ordinary Nigerians cannot directly access the CBN rate through banks without significant documentation.
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Questions about the CBN official exchange rate