Data and Statistics

Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) - 2005

Month	October	November	December
DAS/WDAS (USD)	130.84	130.63	130.29
IFEM (USD)	131.09	130.80	130.08
BDC (USD)	144.99	143.94	141.93
POUNDS	228.38	214.58	225.33
EURO	155.75	144.97	153.07
CFAFr	0.24	0.23	0.23

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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

Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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