Connect with us

Business

Naira Exchange Rates Wednesday, August 12

Published

on

124 Views

BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,422 Sell ₦1,428

GREAT BRITISH POUND (GBP) Buy ₦1,885 Sell: ₦1,910

EURO (EUR) Buy ₦1,590 Sell ₦1,610

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

Commercial Bank Exchange Rates

Fidelity Bank

Currency Sell

USD / NGN ₦1370.00

GBP / NGN ₦1869.7

8EUR / NGN ₦1604.54

Sterling Bank

Currency Buy Sell

USD / NGN ₦1350.00 ₦1370.00

GBP / NGN ₦1803.95 ₦1871.77

EUR / NGN ₦1537.93 ₦1601.81

ZAR / NGN ₦82.28 ₦86.99

Official CBN Exchange Rates

US DOLLAR (USD) ₦1,364.90

GREAT BRITISH POUND (GBP) ₦1,842.61

EURO (EUR) ₦1,575..50

SWISS FRANC (CHF) ₦1,684.02

JAPANESE YEN (JPN) ₦8.57

CHINESE YUAN (CNY) ₦202.34

WEST AFRICAN CFA (XOF) ₦2. 40

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,858.53SAUDI RIYAL (SAR) ₦363..60

SOUTH AFRICAN RAND (ZAR) ₦84.31

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Nigeria’s GDP grew 4.43% in Q2 2026, says NBS

The bureau announced this in its latest GDP report for Q2 2026 , emphasising that the latest growth rate is higher than the 4.23 percent recorded in Q2 2025. That represents a 0.2 percentage-point increase year-on-year.

Published

on

By

14 Views

• President Bola Tinubu

The National Bureau of Statistics (NBS) said on Monday Nigeria’s economy grew by 4.43 percent in real terms in the second quarter of 2026.

The bureau announced this in its latest GDP report for Q2 2026 , emphasising that the latest growth rate is higher than the 4.23 percent recorded in Q2 2025. That represents a 0.2 percentage-point increase year-on-year.

The NBS GDP report tracks the performance of Nigeria’s economy across sectors. It is a key indicator for policymakers, businesses, and investors monitoring the country’s economic direction.

Continue Reading

Business

Emzor Pharma raises N26.7bn bond to boost local drug manufacturing

The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma Funding SPV Plc, carries a 19 percent coupon over a five-year tenor.

Published

on

By

17 Views

Image: Drugs manufacturing

Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange.

The company is aiming to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility.

The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma Funding SPV Plc, carries a 19 percent coupon over a five-year tenor.

It forms part of the company’s broader N40 billion ($29.6 million) bond issuance programme and represents Emzor’s second domestic bond, following strong investor demand that resulted in the issue being oversubscribed.

The funds are expected to support working capital, expand manufacturing capacity and accelerate the completion of the API facility.

Continue Reading

Business

Naira Exchange Rates Today, Monday August 31

Today, the Naira Black Market exchange rate for 1 Euro (EUR) is 1590 Naira.

Published

on

By

28 Views

BLACK MARKET

US Dollar: 1 US Dollar is 1390 Naira

Great British Pound: 1 Great British Pound (GBP) is 1895 Naira

EURO:1 Euro (EUR) is 1590 Naira.

Canadian Dollar: 1 Canadian Dollar (CAD) is 1020 Naira.

Chinese Yuan: 1 Chinese Yuan is 190 Naira.

Ghana Cedi: 1 Ghanaian Cedi is 95 Naira.

South African Rand (ZAR): 1 South African Currency, Rand (ZAR) is 75 Naira.

UAE Dirham (AED): 1 UAE Dirham is 350 Naira.

West African CFA franc: 1 CFA Franc (XOF) is 2300 Naira.

Central African CFA franc (XAF) : 1 CFA Franc (XAF) is 2150 Naira.

Australian Dollar (AUD) : 1 Australian Dollar (AUD) is 800 Naira.

CBN EXCHANGE RATES

DOLLAR (USD) ₦1337.29

POUND (GBP) ₦1816.04

EURO (EUR) ₦1556.87

SWISS FRANC (CHF) ₦1662.05

JAPANESE YEN (JPN) ₦8.38

CFA FRANC (XOF) ₦2.38

WEST AFRICAN UNIT OF ACCOUNT (WAUA) ₦1834.42

CHINESE YUAN (CNY) ₦198.97

SAUDI RIYAL (SAR) ₦356.17

SOUTH AFRICAN RAND (ZAR) ₦83.43

Continue Reading

Trending