Nigerian Bank Exchange Rate

What Is Nigerian Bank Exchange Rate?

Last Updated on April 22, 2022 by Opeyemi Quadri

On February 11, 2022, the governor of Central Bank of Nigeria disclosed that the apex bank would stop the sales of forex to commercial banks in the country by the end of 2022.

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The statement by Godwin Emefiele sends a strong message to the banks that they should start sourcing for USD, EUR, and GBP among other foreign currencies by themselves.

As it stands, the 22 commercial banks in Nigeria have started hunting for forex and they they all have different exchange rates.

This is apart from PTA exchange rate, official rate, blackmarket rate, and Peer-to-Peer exchange rate that do not all have the same rate.

Here is the updated Nigerian bank exchange rate in major foreign currencies that are mostly used for global transactions including EUR, USD, GBP, and CAD.

Note: You may not be able to spend more than $20 on international transactions using naira debit cards.

In this post, we track the amount charged by the banks when customers make international transactions using their debit card.

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BanksCurrenciesRate in Naira
Access Bank US Dollar
EUR
Pounds Sterling
CAD
AUD
NGN505
NGN569
NGN659
NGN395
NGN337
GT Bank Exchange RateUS Dollar
EUR
Pounds Sterling
CAD
NGN490
NGN549
NGN649
NGN336
EcoBankUSD
GBP
EUR
CAD
NGN480
NGN621
NGN499.4
NGN299
Zenith BankUSD
EUR
GBP
CAD
NGN480
NGN479.17
NGN625
NGN353
Stanbic IBTCUSD
EUR
GBP
CAD
NGN475
NGN543
NGN646
NGN337
FCMB Exchange rateUSD
EUR
GBP
CAD
NGN480
NGN636
NGN676
NGN392
UBAEUR
USD
Pounds Sterling
CAD
NGN566
NGN510
NGN622
NGN316
Union BankGBP
CAD
USD
Euro
NGN569
NGN316
NGN414
NGN484
Fidelity BankUSD
Euro
GBP
NGN533
NGN577
NGN692
Sterling BankCAD
EUR
GBP
USD
NGN344
NGN534
NGN619
NGN480
WemaUSD Dollar
Pounds Sterling
NGN502
NGN628
First BankUSD
Euro
Pounds Sterling
CAD
NGN460
NGN609
NGN707
NGN316
Standard Chatered BankAUD
USD
Pounds Sterling
US Dollar
CAD
NGN342
NGN463
NGN625
NGN463
NGN371
Polaris BankGBP
USD
EUR
CAD
NGN672
NGN447
NGN560
NGN382

Note: Bank exchange rate is not stable. It reacts to amny factors. Kindly check with your bank

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