The June 2023 CBN foreign exchange unification reform caused simultaneous Naira depreciation against all major currencies. NGN/USD moved from ₦461 to over ₦1,600 within months. By April 2026 the Naira had partially stabilised at approximately ₦1,361 per Dollar, reflecting improved oil revenues and CBN FX management reforms.
Date Range Filter — applies to the charts below, not the current-rates table
CBN official buying, central, and selling rates for 11 currencies — all impacted simultaneously by the June 2023 FX reform.
The line is the CBN's central rate. The buying and selling rates sit within about 0.1% of it — far too close to separate on this axis — so instead of drawing three lines that overlap into one, the lower panel isolates the buy–sell spread (the CBN's dealing margin) on its own scale. Exact buying, central and selling values are in the table at the top of the page.
How many Naira separate the rate you buy at from the rate you sell at, tracked over time. This is the margin the price chart above hides. A wider spread means a bigger CBN margin on that currency.