Comprehensive Naira Exchange Rate Update as of September 8, 2025

Comprehensive Naira Exchange Rate Update as of September 8, 2025

The Nigerian naira has been fluctuating against major currencies, with varying exchange rates across different markets. Here's a breakdown of the current rates:

Official Exchange Rates:

- *USD to NGN:* 1 USD = ₦1,496.38 (mid-market rate)

- *NGN to USD:* 1 NGN = $0.00067

Black Market Exchange Rates:

- USD to NGN:
    - Buying Rate: ₦1,515
    - Selling Rate:₦1,530
 

- *EUR to NGN:*

    - *Buying Rate:* ₦1,750
    - *Selling Rate:* ₦1,790
 

- *GBP to NGN:*

    - *Buying Rate:* ₦2,060
    - *Selling Rate:* ₦2,110

*Other Exchange Rates:*

- 1 USD = ₦1,510.68 (according to some sources)

- 1 USD = ₦1,522.96 (according to other sources, as of September 8, 2025, 2:50 PM Lagos time)

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Factors Influencing Exchange Rates:

- Economic data and indicators

- Political events and central bank decisions

- Market sentiment and global financial news

- Trade flows between countries

Sources:

- Currency conversion websites like Wise and Currency.Wiki

- Black market exchange rate platforms

- Financial news outlets and websites tracking exchange rates ⁴ ²