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MONDAY QUARTERBACKING
NIGERIA FROM 1000-1999 - An Update

By: Mobolaji E. Aluko, PhD
Burtonsville, MD, USA

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January 1, 2001

Naira Exchange Rates 1970 - 1999

Year

1 Dollar = Naira Equivalent

1 Pound = Naira Equivalent

1970

0.7143

1.7114

1971

0.6955

1.7156

1972

0.6579

1.6289

1973

0.6579

1.6289

1974

0.6299

1.4795

1975

0.6159

1.3678

1976

0.6265

1.1317

1977

0.6466

1.1671

1978

0.6060

1.2238

1979

0.5957

1.2628

1980

0.5464
0.9 PMER

1.2647

1981

0.6100

1.2495

1982

0.6729

1.1734

1983

0.7241

1.1216

1984

0.7649

1.0765

1985

0.8938
1.7 PMER

1.1999

1986

2.0206
3.9 PMER

2.5554

1987

4.0179
5.9 PMER

6.5929

1988

4.5367
6.7 PMER

8.0895

1989

7.3916
10.7 PMER

12.0695

1990

8.0378
9.3 PMER

16.2419

1991

9.9095
16.7 PMER

17.4955

1992

17.2984
21.9 PMER

27.8684

1993

22.3268
56.8 PMER

33.2522

1994

21.8861
71.7 PMER

33.4252

1995

21.8861
78.3 PMER
79.8955 AFEM

34.7111
127.66 AFEM

1996

21.8861
81.8 PMER
84.5750 AFEM

35.7368
135.90 AFEM

1997

21.8861
84.7 PMER
84.7004 AFEM

35.7368
136.60 AFEM

1998

21.8861
88.0-90.0 PMER
85.0004 AFEM

35.7368
136.00 AFEM

1999 (July)

85.9800
105.0 PMER
94.88 AFEM

137.4680
145.71 AFEM

Year

1 Dollar = Naira Equivalent

1 Pound = Naira Equivalent

The 1000 - 1799 | The 1800's | 1900 - 1939
The 1940's | The 1950's | The 1960's
The 1970's | The 1980's | The 1990's
Exchange Rates 1970 - 1999

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Published with the permission of Dr. Bolaji Aluko

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