CBN Exchange Rate Today: Naira Sheds Value to Euro, Remains Steady vs Dollar, Pound, and Canadian Dollar
-
Khalid Al Mansoor
- . August 30, 2025
- . Update: August 30, 2025 6:12 pm
Nigeria’s currency landscape remains a point of intense focus as the Central Bank of Nigeria (CBN) publishes its latest official exchange rates on August 29, 2025. These benchmarks are vital for everything from import pricing to remittances and local budgeting.
Today’s data reveals a mild depreciation against the Euro, while the Dollar and Pound show relative stability. Even the Canadian Dollar, typically less volatile, remains steady. Take a closer look at the updated rates, what they signify, and how they influence economic planning and decision-making.
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 These Figures Mean
- Euro (EUR): A 0.3% depreciation suggests demand for the Euro is slightly elevated or supply is tightening. While the change is modest, it may inform pricing for Euro-denominated imports and expenses.
- US Dollar (USD): Holding steady at ₦1,536.42, a continuation of recent patterns, signals calm in the most critical currency pairing for the economy, hinting at effective central bank interventions or balanced forex supply.
- British Pound (GBP): No appreciable movement implies that forex markets are stable with respect to the Pound, suggesting limited stress or speculation.
- Canadian Dollar (CAD): While current data isn’t fresh, CAD’s consistency at ₦1,118 underscores its role as a low-volatility pair, often overlooked but still important for trade diversification.
Even slight shifts in exchange rates affect everyday expenses, from school fees to business costs and import tariffs. The Euro’s depreciation may briefly ease pressure on European-denominated payments, but rising rates could still inflate costs in broader dollar-denominated sectors. Meanwhile, stability in USD and GBP pairs points to controlled risk in those channels.
As of August 29, 2025, the Naira displays mixed strength, slightly weaker against the Euro, yet stable against the Dollar, Pound, and Canadian Dollar. Those engaged in international trade, remittance reception, or cross-border expenses should keenly monitor these rates, as they continue shaping Nigeria’s economic landscape.
