Posted on July 5, 2016 by Nairametrics

NIGERIA: Parallel Market Exchange Rate (05/07/2016)

Note: “Buy” refers to the rate you pay if you want to buy forex. “Sell” is the rate that you sell to parallel market operators.

Our rates are obtained from black market operators on the mainland and the island of Lagos. We prefer to publish the higher of the two.

Dollars

Buy   – N353

Sell    – N347

Pounds

Buy  – N470

Sell  – N465

Euro

Buy – N375

Sell – N374