NGN → USD Rates
NFEM (official) Rate
Official Market:
Buying: ₦1,448.68/ USD
Parallel Market:
Buying: ₦1,475 / USD
Selling: ₦1,495 / USD
Market Drivers: Analysts said improved liquidity control helped narrow the long-standing gap between official and street rates.
OUTLOOK: The Monetary Policy Rate remains high at 27 per cent, aimed at curbing inflation and attracting foreign funds. Market watchers expect the Naira Dollar rate to depend largely on liquidity levels and ongoing central bank actions.