Official daily dollar to naira closing rates from the Nigerian Foreign Exchange Market, sourced from the Central Bank of Nigeria. Trading sessions from December 2024 through March 2026.
The Nigerian Foreign Exchange Market (NFEM) is the officially recognised spot exchange rate window in Nigeria, replacing the old I&E window. All rates on this page are the daily closing rates published by the Central Bank of Nigeria (CBN). The "Weighted Average Rate" reflects the volume-weighted mid-rate across all transactions on a given day, and is the rate most commonly used for benchmarking imports, remittances, and FX obligations.
| Month | Avg Rate (₦/$) | vs Previous Month | Trend |
|---|---|---|---|
| Dec 24 | ₦1,554 | — | — |
| Jan 25 | ₦1,536 | -1.2% | ▲ |
| Feb 25 | ₦1,504 | -2.1% | ▲ |
| Mar 25 | ₦1,533 | +1.9% | ▼ |
| Apr 25 | ₦1,603 | +4.6% | ▼ |
| May 25 | ₦1,595 | -0.5% | ▲ |
| Jun 25 | ₦1,551 | -2.8% | ▲ |
| Jul 25 | ₦1,532 | -1.2% | ▲ |
| Aug 25 | ₦1,535 | +0.2% | ▼ |
| Sep 25 | ₦1,498 | -2.4% | ▲ |
| Oct 25 | ₦1,460 | -2.5% | ▲ |
| Nov 25 | ₦1,445 | -1.0% | ▲ |
| Dec 25 | ₦1,452 | +0.5% | ▼ |
| Jan 26 | ₦1,417 | -2.4% | ▲ |
| Feb 26 | ₦1,356 | -4.3% | ▲ |
| Mar 26 | ₦1,386 | +2.2% | ▼ |