Business
Naira Exchange Rates Wednesday, August 12
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
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.
• 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.
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.
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.
Business
Naira Exchange Rates Today, Monday August 31
Today, the Naira Black Market exchange rate for 1 Euro (EUR) is 1590 Naira.
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
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