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NIGERIA: Parallel Market Exchange Rate (28/6/2016)

The parallel market continues to trade at a wide premium to the official rate

NIGERIA: Parallel Market Exchange Rate (28/6/2016)
Nigeria's daily exchange rate - Nairametrics

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   – N350

Sell    – N346

Pounds

Buy  – N445

Sell  – N440

Euro

Buy – N385

Sell – N380




Comments 1

  1. Anonymous

    please where are you getting your rates from? they seem to be at variance with what the parallel market is doing

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