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Exchange Rates

Weighted Average Rate - Nigerian Foreign Exchange Market (NFEM)



DateCurrencyBuying(NGN)Central(NGN)Selling(NGN)
DateCurrencyBuying(NGN)Central(NGN)Selling(NGN)

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Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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