NairaWatch: Naira remains stable against US dollar, exchange rate – N470$1

 

Nigeria’s Naira has remained stable against the United States’ dollar as the exchange rate as at today, Wednesday, January 6, stands at ₦470 US$1 in the parallel market while the official rate of the Central Bank of Nigeria (CBN) stands at N379/$.

NairaWatch can report that the exchange rate on Tuesday, January 5, also closed at ₦470/US$1 in the parallel market and the official rate of the CBN as well stood at N379/$1.

• Naira: ₦470/379
• Dollar: $1
• Date: January 6th, 2020

The exchange rate between Nigeria’s Naira and British pound sterling at the parallel market as at today, Wednesday, January 6, stands at ₦628/₤1 and while the official rate of the Central Bank of Nigeria (CBN) stands at N515/₤1.

The exchange rate on Tuesday, January 5, also closed at ₦628/₤1 in the parallel market and the official rate of the CBN stood at N502/₤1.

• Naira: ₦628/515
• Pounds Sterling: ₤1
• Date: January 6th, 2020

The exchange rate between the local currency and European euro at the black market as at today, Wednesday, January 6, stands at ₦570/€1 while the exchange rate of the CBN stands at N465/€1.

The exchange rate on Tuesday, January 5, also closed at ₦572/₤1 in the parallel market and the official rate of the CBN stood at N465€1.

• Naira: ₦570/465
• Euro: €1
• Date: January 6th, 2020