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Official Exchange Rate (22/6/2016): Naira Gains For The First Time Ever

The Naira gained on Wednesday at the interbank market for the first time since the new flexible exchange rate policy was introduced. According to the website of the CBN, the exchange rate closed at N281.5. Here is the official exchange rates as at June 22, 2016.

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Date Currency Buying(NGN) Central(NGN) Selling(NGN)
6/22/2016 US DOLLAR 280.5 281 281.5
POUNDS STERLING 411.9423 412.6766 413.4109
EURO 316.4882 317.0523 317.6165
SWISS FRANC 292.1266 292.6474 293.1681
YEN 2.6822 2.6869 2.6917
CFA 0.4621 0.4721 0.4821
WAUA 395.054 395.7582 396.4624
YUAN/RENMINBI 42.6237 42.7002 42.7766
RIYAL 74.79 74.9233 75.0567

Previous day

 Date  Currency  Buying(NGN)  Central(NGN)  Selling(NGN)
 6/21/2016  US DOLLAR  283.00  283.50  284.00
 POUNDS STERLING  415.42  416.15  416.88
 EURO  318.32  318.88  319.44
 SWISS FRANC  294.36  294.88  295.40
 YEN  27,076.00  2.71  2.72
 CFA  0.32  0.33  0.34
 WAUA  277.52  278.01  278.50
 YUAN/RENMINBI  42.94  43.02  43.10
 RIYAL  75.45  75.59  75.72
 DANISH KRONA  42.79  42.87  42.94
 SDR  401.41  402.12  402.83

Source: CBN

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