BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,412 Sell ₦1,422

GREAT BRITISH POUND (GBP) Buy ₦1, 895 Sell: ₦1,820

EURO (EUR) Buy ₦1,595 Sell ₦1,615

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

Commercial Bank Exchange Rates

Sterling Bank

Currency Buy Sell

USD / NGN ₦1350.00 ₦1385.00

GBP / NGN ₦1796.12 ₦1884.23

EUR / NGN ₦1534.52 ₦1615.85

ZAR / NGN ₦81.80 ₦86.40

Official CBN Exchange Rates

US DOLLAR (USD) ₦1,368. 22

GREAT BRITISH POUND (GBP) ₦1,837.80

EURO (EUR) ₦1,573.87

SWISS FRANC (CHF) ₦1,690.63

JAPANESE YEN (JPN) ₦8.56

CHINESE YUAN (CNY) ₦202.65

WEST AFRICAN CFA (XOF) ₦2. 38

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,852.30

SAUDI RIYAL (SAR) ₦364.21

SOUTH AFRICAN RAND (ZAR) ₦82.73

The Nigerian Ports Authority (NPA) has introduced a movement code to streamline the movement of empty containers into seaport terminals and reduce traffic congestion caused by container trucks along the Apapa and Tin Can Island port corridors.

The Guardian reported that under the new policy, the movement code will serve as a unique identifier generated by a holding bay for every empty container uploaded to the Electronic Call-Up (ETO) platform.

The code must correspond with the details captured on the ETO system before trucks are granted access to port terminals.

In a notice issued to stakeholders, the NPA said the movement code has become a mandatory requirement for completing the truck-container matching process.

Truck drivers are required to obtain the code from designated holding bays before proceeding to the ports.

According to the authority, the initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has commended the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, for stabilising Nigeria’s monetary environment.

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Speaking at the forum, Okonjo-Iweala commended Cardoso on the work that he and his team have done on currency and monetary policy stabilisation.

However, she emphasised that Nigeria must sustain broader macroeconomic reforms.

“Nigerians have to feel the dividends of reform in the real economy,” she added.

The forum brought together policymakers, business leaders and development partners to discuss strategies for strengthening Africa’s resilience amid growing global economic uncertainty.