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Monthly Average Exchange Rates of the Naira (Naira Per
Unit of Foreign Currency) - 2010 |
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| Month | May | June | July |
| DAS/WDAS (USD) | 150.31 | 150.19 | 150.10 |
| IFEM (USD) | 151.49 | 151.27 | 150.27 |
| BDC (USD) | 153.26 | 153.87 | 152.41 |
| POUNDS | 219.42 | 219.42 | 227.02 |
| EURO | 186.52 | 181.65 | 189.83 |
| CFAFr | 0.28 | 0.28 | 0.29 |
| Click the small arrows to move the data one or three months forwards or backwards within the year in display. |
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| Choose year to display. | 2010 2009 2008 2007 2006 2005 2004 | ||
 Monthly Average Exchange Rates of the Naira |
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| DAS/WDAS = Dutch Auction
System/Wholesale Dutch Auction System, IFEM is Inter-bank Foreign Exchange Market, BDC
is Bureau de Change * DAS/WDAS exchange rate from August 2005, include 1 per cent commission |
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| Facts : 1/7/1959 |
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| Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation. |
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