Finance

NairaWatch: Anxiety as naira plunges further against US dollar, exchange rate – N482/$1

Published

2 years ago

1 March 2021

The exchange rate between Nigeria’s Naira and United States’ dollar as at today, Monday, March 1, stands at ₦482/$1 in the parallel market while the official rate of the Central Bank of Nigeria (CBN) stands at N379/$.

NairaWatch can report that the exchange rate on Friday, February 26, also closed at ₦482/US$1 in the parallel market and the official rate of the CBN as well stood at N380/$1.

Naira: ₦482/379
Dollar: $1
Date: March 1st, 2021

The exchange rate between Nigeria’s Naira and British pound sterling at the parallel market as at today, Monday, March 1, stands at ₦673/₤1 and while the official rate of the Central Bank of Nigeria (CBN) stands at N523/₤1.

The exchange rate on Friday, February 26, at ₦672/₤1 in the parallel market, and the official rate of the CBN stood at N515/₤1.

Naira: ₦673/523
Pounds Sterling: ₤1
Date: March 1st, 2021

The exchange rate between the local currency and European euro at the black market as at today, Monday, March 1, stands at ₦583/€1 while the exchange rate of the CBN stands at N460/€1.

The exchange rate on Friday, February 26, also closed at ₦583/₤1 in the parallel market and the official rate of the CBN stood at N461/€1.