As of March 12, 2025, the Central Bank of Nigeria (CBN) reports the official exchange rates for the Nigerian Naira (NGN) against the US Dollar (USD) as follows:
- Buy Rate: ₦1,497.98 per USD
- Sell Rate: ₦1,498.98 per USD
These rates are determined through the Nigerian Foreign Exchange Market (NFEM), where the NFEM rate represents the Volume Weighted Average and serves as the official exchange rate for the day. For more details, visit the CBN's official exchange rates page: CBN Exchange Rates