Euro to naira.

The volume-weighted average rate from the Nigerian Foreign Exchange Market (NFEM), the rate the CBN recognises for the day. It updates once per business day, so Friday's rate carries through the weekend.

What dealers outside the official market actually trade at. It moves through the day and differs by dealer and city, so treat the number above as indicative, not a quote you can trade on.

The official rate reflects transactions inside the formal market; the street rate reflects supply and demand outside it. When demand for euros outruns official supply, the street rate trades higher. On 16 October 2026 the gap was ₦29.19 (1.96%).

The official rate refreshes once daily and the street rate is pulled once a day. Each card above shows exactly when its number was last updated.

A dealer's buy price is what they pay you for your euros; the sell price is what you pay them. The difference is their margin. Always confirm which side of the quote you are on before handing over cash.

Apps like LemFi, Grey and Sendwave price near the parallel rate, not the CBN rate, then add their fee or margin on top. Compare by what the recipient actually receives, not the headline rate.

Buying foreign currency for personal use is not a crime, but unlicensed dealing in bulk is. For larger amounts, use a licensed BDC or your bank, and keep receipts.

Banks sell FX for documented needs under CBN rules: PTA ($4,000 per quarter), BTA ($5,000 per quarter), school fees (up to $25,000 per semester under the June 2026 FX Manual), and medical bills. Licensed BDCs serve smaller cash needs. Rules change often; confirm with your bank. (As of October 2026.)

Analysts publish scenarios, not certainties. In September 2026 Goldman Sachs projected USD/NGN around 1,250 within 12 months; other houses publish different ranges. Forecasts swing with oil prices, reserves, and CBN policy. Treat them as scenarios, not advice.