Key Insight — FX Reform
The June 2023 CBN foreign exchange unification reform caused simultaneous Naira depreciation against all major currencies. NGN/USD moved from ₦461 to over ₦1,600 within months. By April 2026 the Naira had partially stabilised at approximately ₦1,361 per Dollar, reflecting improved oil revenues and CBN FX management reforms.
Current Rates — Latest Available (NGN per unit)
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Source: CBN Official Exchange Rates · 2020–2026
Historical Trend — NGN/USD, NGN/GBP, NGN/EUR (Central Rate)
CBN official buying, central, and selling rates for 11 currencies — all impacted simultaneously by the June 2023 FX reform.
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NGN/USDNGN/GBPNGN/EUR
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Currency History — Select a Currency
Select any currency to see its buying, central, and selling rates — the gap between buying and selling is the CBN's spread on that currency.
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Source: CBN Official Exchange Rates