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Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) - 2015
Month January October February
DAS (USD) 169.68 169.68
IFEM (USD) 181.78 196.99 194.47
BDC (USD) 196.13 224.83 213.20
GB POUNDS 254.39 302.26 274.79
EURO 194.85 221.45 204.78
CFAFr 0.30 0.34 0.31
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Export to Excel Monthly Average Exchange Rates of the Naira
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

*Exchange rate for February 2015 was as at February 18th when the retail DAS segment of the FOREX market was closed.
Facts : 1/1/1900
Operation Feed the Nation (O.F.N.):Operation Feed the Nation was introduced by the federal military government headed by General Olusegun Obasanjo in 1979.It had the specific focus of increasing food production on the premise that availability of cheap food would ensure a higher nutrition level and invariably lead to national growth and development.OFN lasted till the civilian government of Alhaji Shehu Shagari in 1979.
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