Current Exchange Rate/Lagos Black Market



Lagos Black Market Rate

With fluctuating exchange rate, Nigeria economy seems to on a free fall. This can be strongly attributed to the crude oil fall in the international market. The crude oil from January 2016 till today fluctuate between $25 to $39.26 per barrel. It is definitely not a good time for parents who’s children school abroad and need to pay school fees, Hostel accommodation, flight ticket, pocket money among other expenses.

We have deem it appropriate to give a daily exchange rate report with our major focus on the lagos parallel market exchange rate popularly called “Black Market Rate“. The information you see on this post can be compared with posts on other daily’s as we strive to ensure we provide accurate information.

 NGN  USD  GBP  EUR
DATE BUY / SELL BUY / SELL BUY / SELL
02/09/16 415 / 425 525 / 535 450 / 460
01/09/16 410 / 420* 520 / 535 450 / 461

ATM Bank Rate



The ATM Bank Rate is solely about your foreign online transactions when you make payment with your ATM Card or Debit cards obtained from a Naira Account.

DATE LOCATION BANK RATE CUR
31/08/16 Online GTB N502  GBP
31/08/16 Online Stanbic N431  EUR
31/08/16 Online Stanbic N508  GBP
31/08/16 Online Stanbic N380  USD
31/08/16 Online FCMB N447  USD
31/08/16 Online Diamond N378  USD
28/06/16 India GTB N5.0  INR
28/06/16 UK FBN N463  GBP
28/06/16 Canada Stanbic N270  CAD
28/06/16 Online GTB N330  USD
27/06/16 Online Access N381  EUR
27/06/16 Malaysia GTB N81  MYR
27/06/16 Germany GTB N372  EUR
27/06/16 Online Access N330  USD
26/06/16 Canada FCMB N269  CAD
26/06/16 UK GTB N456  GBP

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