Get the latest dollar, euro, and pound to naira exchange rates both official and black market for today October 14, 2025. Stay informed before making any conversion.
The exchange rates for the Nigerian naira are super unpredictable. One minute it’s a good deal, the next it’s all messed up. It’s like trying to catch the wind with the daily exchange rate.
I prepared this to help you stay informed. If you’re sending money, or checking the naira’s value, this page has all the real exchange rates you need. We cover from the official to the black (parallel) market.
Also, if you are someone who pays online, you should also look into the top virtual dollar cards in Nigeria. They simplify spending and saving in dollars, especially when exchange rates fluctuate.
With this guide, you don’t have to look through social media or news websites. I’m going to give you the dollar, pound, and euro to naira rates, all in one spot, to help you make smart money moves.
Get your drink ready, then let’s see what the exchange rate is today!
Official Dollar, Pounds and Euro to Naira Exchange Rates Today
Below is a table showing official CBN bank exchange rates for dollar, pounds, euro and more to Nigerian naira as at today – October 14, 2025.
Check: 14 Oct 2025 15:50 UTC
Latest change: 14 Oct 2025 15:50 UTC
API: CurrencyRate
A Brief History of Major Currencies
Nigerian Naira Currency:
Video: Watch a corporate documentary of the Central Bank of Nigeria.
The colonial ordinance of 1880 in Nigeria introduced the Shillings and Pence as the official currency in British West Africa.
The West African Currency Board (WACB) created the first banknotes and coins in Nigeria, Ghana, Sierra Leone, and the Gambia from 1912 to 1959.
After independence, we changed the currency in 1962 to show we are a republic, and then again in 1968 after the civil war.
In 1973, they changed the name of Nigerian money to the one naira. Then, in 1977, they made a new twenty naira banknote.
The banknotes were also the first to have the picture of the late General Murtala Ramat Muhammed, who became a national hero in 1978.
In 1984, they changed the colors of all banknotes to stop currency trafficking.
In 2009, they changed the ₦50, ₦10, and ₦5 banknotes to polymer.
The CBN released a ₦50 special plastic note in 2010 and a N100 special note in 2014.
United States Dollar Currency:
The US Mint, founded in 1792, made the first dollar coins.
The coins were like the Spanish dollar made in Peru and Mexico.
The Spanish dollar and Mexican peso were no longer accepted as legal currency in the US after the Coinage Act of 1857.
They introduced the first United States dollar notes as demand notes in order to finance the Civil War of 1861.
The United States Notes, also known as legal tender, came out in 1862, and they started printing them in a standardized way in 1869.
At first, it was traded like a coin worth its weight in gold or silver. Then, it became a paper note that you could exchange for gold.
British Pounds Currency:
The pound banknotes have been around for over 300 years but made its debut in 1489 under Henry VII.
It got its name from the Latin word “libra,” meaning balance and weight.
Until 1660, when they started using machines, the first notes were written by hand.
The pound sterling went into circulation in 1694 and used to have pennies and shillings until 1971, when they switched to decimals.
In the same 1971, the UK allowed the British pound to float freely along with other currencies. This is to let the market decide the currency’s value.
In 2002, when most EU countries started using the euro, the UK decided not to join.
Today, the Pound Sterling to Naira trade with the black market exchange rate.
Euro Currency:
The name “the euro” was decided on in 1995 at a meeting in Madrid. In January 2002, they designed 7 banknotes and 8 coins for the first launch.
The designs of the notes are the same in all euro area countries. One side of coins is the same everywhere, while the other side represents each country.
Over the years, the European Central Bank and national central banks made new banknotes with better security features and a new design that has a picture of Europa.
The € symbol is based on the Greek letter epsilon (Є) and represents stability with two parallel lines.
The euro’s ISO code is EUR. You use this when talking about euros without using the symbol.
FAQs on Dollar, Pounds and Euro to Naira Exchange Rates
What’s the dollar to naira rate today?
The exchange rate goes up and down daily. Check here daily for the official CBN rate and the black market rate.
What makes the black market rates so high?
Because people want more dollars, pounds, and euros than are available. So, the rates are increasing.
In Nigeria, where is the best place to swap dollars or pounds?
You can go to a bank or a currency exchange. Then again, if you need it fast, people still go to black market dealers (but watch your back!).
What is the meaning of Bureau De Change?
A Bureau De Change (BDC) is a broker buying and selling foreign currency at a higher exchange rate to make money.
Are exchange rates volatile?
Prices fluctuate daily because of market trends, CBN regulations, and international money matters. Before you convert, make sure you check first.
What are the best virtual dollar cards in Nigeria?
You should check out Grey, Chipper Cash, Geegpay, and Alat. They’re great. With these cards, you can pay online in dollars, easy peasy, no currency or card problems!
What’s the easiest way to follow exchange rates?
Don’t miss out! Save this page or sign up to get daily currency updates and money-saving tips.
That’s it for today’s rates, simple as that, yeah? So, you can track your expenses since you now know how the dollar, pound, and euro convert to naira.
Don’t forget prices can change, so always make sure before you spend or exchange a bunch of money.
I’ll update this page, so save it.