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Monthly Average Exchange Rates of the Naira(Naira Per Unit of Foreign Currency) - 2014


  2014
Month November December February
DAS (USD) 160.00 169.68 157.31
IFEM (USD) 171.10 180.33 163.62
BDC (USD) 175.85 188.45 169.45
GB POUNDS 249.96 262.86 257.81
EURO 197.60 207.16 212.72
CFAFr 0.30 0.32 0.32
       
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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

*Exchange rate for February 2015 was as at February 18th when the retail DAS segment of the FOREX market was closed.
Facts : 9/23/1975
Mallam Adamu Ciroma:Mallam Adamu Ciroma was appointed the third Nigerian Governor of the Central Bank of Nigeria, from September 23rd, 1975 to June 27th, 1977. He later served as the Minister of Finance in the first Obasanjo democratic administration
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