FX & Rates Centre
Nigeria FX, Rates, Inflation & Policy
One place for the dollar to naira rate, FGN bond yields, treasury bills, headline and food inflation, the MPR and the latest CBN policy circulars — refreshed through the trading day with AI briefings and custom rate alerts.
FX Intelligence, in partnership with FBNQuest
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USD/NGN — Headline
NFEM / I&E
₦1,456.40
BDC
₦1,472.00
Parallel
₦1,478.00
USD/NGN trend
Seed series anchored on the current reference rate — hover, tab or use ← → to inspect a day.
USD/NGN what-if scenario
₦1,450.25
+0.00% vs reference
Sitting on the reference rate. Drag to model a stronger or weaker naira.
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AI FX Brief — Today
Generated 08 Aug · IllustrativeThe naira firmed modestly at the official window as CBN liquidity ops absorbed excess system cash. Parallel premium narrowed to 1.91%, the tightest in three sessions, on softer dollar demand and improved interbank flow.
- Short-tenor T-bill stops ticked lower at the latest DMO auction — bid-to-cover 2.6x.
- Headline CPI eased to 27.05%, the third consecutive monthly decline.
- MPC held MPR at 27.25%, signalling extended pause if disinflation sustains.
- Watch FAAC inflows and PMS subsidy reform commentary for next-week catalysts.
Currency converter
Conversions use only pairs this source actually publishes. Pairs outside its coverage return “Not available from this source” — no cross-window rate is substituted or estimated.
Currency pairs by source
Each window publishes its own pairs. Where a source does not quote a pair, Proshare says so rather than estimating a value.
Clearly labelled seed data
CBN Official
Official MethodologyCBN Official · End of business day · quote time resolving| Coverage | |||
|---|---|---|---|
| CAD/NGN | ₦1,062.50 OfficialCBN Official · End of business day · quote time resolving | ▲ 0.08% | Quoted by Central Bank of Nigeria |
| CNY/NGN | ₦199.40 OfficialCBN Official · End of business day · quote time resolving | ▲ 0.12% | Quoted by Central Bank of Nigeria |
| EUR/NGN | ₦1,572.80 OfficialCBN Official · End of business day · quote time resolving | ▲ 0.22% | Quoted by Central Bank of Nigeria |
| GBP/NGN | ₦1,840.40 OfficialCBN Official · End of business day · quote time resolving | ▼ 0.05% | Quoted by Central Bank of Nigeria |
| GHS/NGN | ₦96.80 OfficialCBN Official · End of business day · quote time resolving | ▼ 0.30% | Quoted by Central Bank of Nigeria |
| USD/NGN | ₦1,450.25 OfficialCBN Official · End of business day · quote time resolving | ▼ 0.18% | Quoted by Central Bank of Nigeria |
| ZAR/NGN | ₦78.60 OfficialCBN Official · End of business day · quote time resolving | ▲ 0.41% | Quoted by Central Bank of Nigeria |
African cross-rates vs USD
How regional currencies are trading against the dollar.
| Pair | Rate (per 1 USD) | Day Δ | YTD | Source |
|---|---|---|---|---|
| GHS/USD | 15.42 | ▲ 0.21% | -8.4% | Bank of Ghana |
| KES/USD | 129.05 | ▼ 0.08% | +2.1% | Central Bank of Kenya |
| ZAR/USD | 18.45 | ▲ 0.32% | -1.7% | SARB |
| EGP/USD | 48.6 | ▲ 0.05% | -3.2% | Central Bank of Egypt |
| XOF/USD | 602.4 | ▼ 0.11% | +1.4% | BCEAO |
Higher rate / positive change = local currency weaker vs USD.
Interest rates & money market
Money Market
| Open Buy Back (OBB) | 27.50% | +50 bps |
| Overnight (O/N) | 28.10% | +75 bps |
| MPR | 26.75% | +0 bps |
| CRR | 45.00% | +0 bps |
Savings & Lending (DMB avg.)
| Avg. Savings Deposit | 7.85% | +25 bps |
| Avg. Term Deposit (1yr) | 17.40% | +50 bps |
| Prime Lending Rate | 19.25% | +75 bps |
| Max. Lending Rate | 30.12% | +100 bps |
Policy corridor
- MPR (Policy rate)
- 27.25%
- CRR
- 50.00%
- Liquidity Ratio
- 30.00%
- Corridor (asym.)
- +100 / -300 bps
- Last decision
- Hold
Headline inflation
27.05%
MPR (nominal)
27.25%
Real policy rate
-0.30 ppt
Real rate = MPR − headline CPI. Negative real rates erode savings and typically pressure the naira.
Sovereign yield curves
Compare risk-free yields across tenors for Nigeria, Ghana and Kenya.
🇳🇬 Nigeria
Inverted · -0.60 pptHover or tab a tenor to read its yield
🇬🇭 Ghana
Inverted · -8.30 pptHover or tab a tenor to read its yield
🇰🇪 Kenya
Normal · 2.40 pptHover or tab a tenor to read its yield
FGN Bond Yields
| 2-Yr FGN | 19.10% | +4 bps |
| 5-Yr FGN | 19.85% | +8 bps |
| 10-Yr FGN | 20.42% | -3 bps |
| 20-Yr FGN | 17.30% | +1 bps |
Treasury Bills
| 91-Day | 17.45% | -10 bps |
| 182-Day | 18.20% | +5 bps |
| 364-Day | 21.86% | +12 bps |
Inflation dashboard
Headline CPI · June 2026
Food
30.10%
Core
23.61%
Source: NBS CPI release. Year-on-year change.
CPI trend
Seed series anchored on the latest NBS CPI print.
Monetary Policy Rate (MPR)
MPC Meeting #297 · 21 May 2026
- Decision
- Hold (+0 bps)
- Vote split
- 10-2 hold
- CRR
- 50.00%
- Liquidity Ratio
- 30.00%
- Corridor
- +100 / -300 bps
MPC held all parameters citing the third consecutive month of disinflation. Committee flagged FX stability and lower food inflation as supportive.
| Date | Meeting | MPR | Δ bps | Decision |
|---|---|---|---|---|
| 21 May 2026 | MPC Meeting #297 | 27.25% | 0 | Hold |
| 26 Mar 2026 | MPC Meeting #296 | 27.25% | 0 | Hold |
| 29 Jan 2026 | MPC Meeting #295 | 27.25% | +25 | Hike |
| 25 Nov 2025 | MPC Meeting #294 | 27.00% | +25 | Hike |
| 24 Sept 2025 | MPC Meeting #293 | 26.75% | +50 | Hike |
CBN policy & regulatory updates
7 recent items- CBNFXHigh impact12 Jun 2026
CBN revises BDC operating guidelines, raises minimum capital
Bureau de Change operators required to recapitalise; tiered framework introduced for Tier-1 and Tier-2 BDCs with new reporting cadence.
- CBNPaymentsMedium impact05 Jun 2026
eNaira 2.0 framework released for public consultation
Updated CBDC framework outlines offline functionality, programmable disbursements and bank-led KYC tiers.
- DMOCapital MarketsMedium impact03 Jun 2026
DMO oversubscribes ₦450bn T-bill auction; stop rates ease
91-day stops at 17.20% (-30bps), 182-day at 18.00% (-25bps), 364-day at 19.40% (-40bps). Bid-to-cover 2.6x.
- CBNBankingHigh impact28 May 2026
CBN clarifies CRR debit methodology for DMBs
Circular harmonises CRR computation across deposit money banks and merchant banks; quarterly true-ups replace ad-hoc debits.
- SECCapital MarketsMedium impact22 May 2026
SEC opens registration window for VASPs and DAXs
Virtual Asset Service Providers and Digital Asset Exchanges may now apply under the Accelerated Regulatory Incubation Programme.
- CBNMonetary PolicyHigh impact21 May 2026
MPC holds MPR at 27.25%; CRR at 50%
Committee voted 10-2 to hold all parameters, citing third consecutive month of disinflation and improved FX market stability.
- FMDQFXMedium impact15 May 2026
FMDQ publishes revised NAFEX methodology
Window expanded to include eligible authorised dealer banks' executable bids; daily fixing time shifted to 13:00 WAT.
Rate alerts
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FX movement summary
- • Naira firmed marginally at the official window on improved CBN liquidity ops.
- • Parallel premium narrowed to 1.91%.
- • Short-tenor T-bill yields ticked lower as DMO oversubscribed the latest auction.
- • OBB and overnight rates remain elevated, signaling tight system liquidity.
Historical FX, inflation & MPR data download
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See plansFX & Rates Centre — what's on this page
The Proshare FX & Rates Centre brings together the dollar to naira rate across the CBN official, I&E, BDC and parallel windows, FGN bond yields, treasury bills, headline and food inflation, the Monetary Policy Rate (MPR) and the latest CBN circulars — with an AI FX briefing and customisable rate alerts.
Information on this page is illustrative and for educational purposes only. It is not investment advice. Verify with your bank or a licensed dealer before transacting.