Business
Naira Exchange Rates To Dollar, Pound, Euro…Wednesday, 16 September 2026
How much is 100 pounds in naira today?
At the current black market rate of 1880 per pound, 100 British Pounds = 188,000 Naira
BLACK MARKET RATE
1 US Dollar is 1380 Naira.
1 Great British Pound (GBP) is 1880 Naira.
1 Euro (EUR) is 1575 Naira.
1 Canadian Dollar (CAD) is 1000 Naira.
1 Chinese Yuan is 190 Naira.
1 Ghanaian Cedi is 100 Naira.
1 South African Currency, Rand (ZAR) is 70 Naira.
1 UAE Dirham is 370 Naira.
1 CFA Franc (XOF) is 2350 Naira.
1 CFA Franc (XAF) is 2250 Naira.
1 Australian Dollar (AUD) is 850 Naira.
CBN Exchange Rate
DOLLAR (USD) ₦1329.15
POUND (GBP) ₦1793.69
EURO (EUR) ₦1534.77
SWISS FRANC (CHF) ₦1622.69
JAPANESE YEN (JPN) ₦8.5
CFA FRANC (XOF) ₦2.33
WEST AFRICAN UNIT OF ACCOUNT (WAUA) ₦1811.58
CHINESE YUAN (CNY)₦198.03
SAUDI RIYAL (SAR)₦353.85
SOUTH AFRICAN RAND (ZAR)₦81.79
Business
WEF could appoint Lagarde as its next chair, sources say
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
•European Central Bank President Christine Lagarde
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.
Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
No final decision has been taken yet, they said.
A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.
Business
Germany plans tax on sugary drinks
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.
If passed by the German Bundestag, the tax will take effect on 1 July 2027.
The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.
The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.
According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
Business
Naira Exchange Rates For Thursday, October 15
BLACK (PARALLEL) MARKET RATES
₦1370 DOLLAR (USD
₦1800 POUND (GBP)
₦1500 EURO (EUR)
₦970 CANADIAN DOLLAR (CAD)
₦65 SOUTH AFRICAN RAND (ZAR)
₦350 UAE DIRHAM (AED)
₦190YUAN (CNY)
₦2300CFA F.(XOF)
₦2200CFA F.(XAF)
₦850AUSSIE (AUD)SELL₦1000
Official CBN Exchange Rates
DOLLAR (USD)₦1332.59
POUND (GBP)₦1765.55
EURO (EUR)₦1491.57
SWISS FRANC (CHF)₦1590.77
JAPANESE YEN (JPN)₦8.39
CFA FRANC (XOF)₦2.27
WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1802.33
CHINESE YUAN (CNY)₦199.10
SAUDI RIYAL (SAR)₦354.92
SOUTH AFRICAN RAND (ZAR)₦80.37
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