CBN Official Exchange Rate Today – 5th April 2025
The Central Bank of Nigeria (CBN) publishes official exchange rates daily as part of its efforts to regulate the foreign exchange market. Below are the official rates for major foreign currencies as of Saturday, April 5, 2025.
CBN Official Rates Dollar to Naira, GBP to Naira, EUR to Naira Today April 5, 2025
| Currency | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| USD | 1,430 | 1,435 |
| GBP | 1,875 | 1,883 |
| EUR | 1,545 | 1,550 |
The Central Bank’s rates are typically used by banks and financial institutions for official transactions. These rates are often lower than black market rates but come with tighter regulatory requirements.
Remitly Dollar to Naira Rate Today – 5th April 2025
Remitly is a global money transfer service widely used by Nigerians in the diaspora to send funds home. The company offers competitive exchange rates and fast delivery times.
Remitly Exchange Rate – April 5, 2025
| Currency | Remitly Rate (₦) |
| USD | 1,490 |
| GBP | 1,910 |
| EUR | 1,580 |
Delivery Method: Most transfers via Remitly are delivered directly to Nigerian bank accounts or available for cash pickup, depending on the selected method.
Western Union Exchange Rate Today – 5th April 2025
Western Union remains one of the most reliable means of receiving money from abroad. The exchange rate they offer may differ slightly based on the country of origin and transaction type.
Western Union Rate – April 5, 2025
| Currency | Western Union Rate (₦) |
| USD | 1,500 |
| GBP | 1,895 |
| EUR | 1,570 |
Note: Western Union payouts in Nigeria are often limited to Naira due to CBN guidelines.
Cryptocurrency to Naira Exchange Rates – 5th April 2025
Cryptocurrencies like Bitcoin and USDT (Tether) are also widely used for exchanging and transferring value in Nigeria. The rates are influenced by global crypto prices and local demand.
Crypto Rates in Naira – April 5, 2025
| Crypto | Buying Rate (₦) | Selling Rate (₦) |
| Bitcoin | ₦91,500,000 | ₦93,000,000 |
| Ethereum | ₦5,950,000 | ₦6,100,000 |
| USDT (TRC20) | ₦1,520 | ₦1,535 |
Crypto transactions in Nigeria are conducted via peer-to-peer (P2P) exchanges, as CBN regulations restrict banking support for crypto platforms.
Summary
| Source | USD Rate (₦) |
| Black Market | 1,562 |
| CBN Official | 1,435 |
| Remitly | 1,490 |
| Western Union | 1,500 |
| USDT (Crypto) | 1,535 |
This comprehensive snapshot gives you a clear view of today’s exchange rate landscape across different platforms and sources. Always verify the latest rates before making any transaction.
Disclaimer: Rates are based on current market data and may vary based on location, method, and provider. Always confirm real-time rates before sending or receiving money.
