Dollar, other foreign currencies to Naira Rates, Tuesday

News Update

As of January 28, 2025, the Nigerian Naira (NGN) has continued to experience some level of volatility against the US Dollar (USD), while this has been the norm for decades now, this largely to some extent reflects the ongoing economic challenges.

The black market exchange rate stands firmly at approximately N1,645.00 per USD. This means if you want to buy a dollar now, it is N1,645.00.

Also, Pounds stands firmly at approximately N2,070.00 per Pound . This means if you want to buy a Pound now, it is N2,032.00.

Please be aware that the parallel market or the black market rates are mostly and notably higher compared with what you get from the official market or CBN rate.

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