The Central Bank of Nigeria (CBN) has released updated exchange rates as of August 29, 2025, highlighting the Naira’s ongoing performance against major global currencies. These official rates play a vital role in Nigeria’s economic environment, affecting everything from import pricing to international tuition and remittances.
While the Euro saw a slight dip today, the US Dollar and British Pound remained stable, reflecting CBN’s active role in maintaining foreign exchange stability amid fluctuating global economic conditions. Below is a detailed breakdown of today’s exchange data and insights into the Naira’s trajectory.
CBN Sell Rates – August 29, 2025
| Currency | CBN Sell Rate (₦) | Insight Based on Recent Change |
| EUR | 1,789.1804 | Down ₦5.33 (–0.30%) vs. previous day; slight pressure observed. |
| USD | 1,536.42 | Stable; reflects a balanced supply-demand trend. |
| GBP | 2,078.39 | No significant movement; market remains steady. |
| CAD | 1,118.00 | The last recorded figure shows low volatility in the forex pairing. |
What Today’s Rates Mean
- Euro (EUR): The Naira saw a 0.30% drop in value against the Euro today, suggesting increased Euro demand or limited supply in the Nigerian market. However, overall monthly trends still show resilience.
- US Dollar (USD): The rate of ₦1,536.42 signals relative market stability. The CBN appears to be effectively maintaining this key exchange rate through intervention or adequate forex reserves.
- British Pound (GBP): No notable fluctuations were observed today, indicating that the demand for the Pound remains steady and well-managed within the financial system.
- Canadian Dollar (CAD): While today’s rate reflects the last available figure, its consistency indicates a low-risk currency pair for the moment.
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These official exchange rates are critical for shaping the cost of imported goods, foreign education fees, travel expenses, and business transactions. Even slight shifts, such as the dip in the Euro, can have significant ripple effects on inflation, purchasing power, and fiscal planning. CBN’s active oversight helps stabilize the forex market, especially amid global currency fluctuations and economic uncertainties.
As of August 29, 2025, the Naira remains mostly stable across major currencies, showing slight weakness only against the Euro. Continued policy focus by the Central Bank will be essential to sustaining this relative balance and ensuring predictability for both businesses and consumers.
