V Kumar 
(C): Twitter
Every business day, the Central Bank of Nigeria (CBN) publishes official exchange rates to guide currency transactions in the country. These rates are crucial for importers, exporters, financial institutions, and ordinary Nigerians who engage in international trade or receive remittances.
On August 27, 2025, the Naira experienced mixed outcomes against key foreign currencies, showing slight strength in some areas but weakening in others. Here’s a breakdown of what these rates mean, how they’re determined, and what to take from the latest numbers.
CBN Official Exchange Rates as of August 27, 2025
| Currency | Buy Rate (₦) | Sell Rate (₦) | Daily Change (%) |
| USD | 1,536.07 | 1,537.07 | -0.04% |
| EUR | 1,780.77 | 1,781.93 | -0.63% |
| GBP | 2,065.41 | 2,066.75 | -0.36% |
| ZAR | 86.42 | 86.48 | -0.84% |
| JPY | 10.37 | 10.38 | -0.35% |
| RMB (Yuan) | 214.5 | 214.64 | -0.10% |
| CHF | 1,907.93 | 1,909.17 | -0.16% |
| XOF (CFA Franc) | 2.71 | 2.73 | -0.27% |
| SAR | 409.35 | 409.61 | -0.04% |
| DKK | 238.5 | 238.65 | -0.65% |
| WAUA | 2,099.95 | 2,101.31 | -0.12% |
What Do These Rates Mean?
The buy rate is the amount the CBN is willing to pay for foreign currency, while the sell rate is what it charges to sell that currency. A slight movement, up or down, indicates market reactions to foreign currency demand, oil revenue inflows, inflation trends, and global economic factors.
For example:
- The Naira dropped by 0.63% against the Euro, suggesting stronger demand for the Euro or less availability of it in Nigeria.
- It also weakened by 0.84% against the South African Rand, the biggest loss for the day.
- In contrast, the USD to Naira rate remained mostly stable, moving just -0.04%.
Weekly Perspective
Looking back to August 25:
- The Rand lost the most value, dropping 1.07% in three days.
- The West African CFA Franc (XOF) gained 0.58%, a small but steady rise over the week.
Exchange rates affect the prices of imported goods, foreign school fees, international travel, and more. A weakening Naira means these costs rise, which can fuel inflation. Businesses and consumers alike closely monitor these changes to make financial decisions.
The CBN uses these rates to help guide market behavior and stabilize the economy, especially during periods of forex scarcity or inflationary pressure.
The Naira’s performance on August 27, 2025, reflects ongoing currency pressure in a challenging global economic environment. While relatively stable against the USD, the Naira lost ground to several other currencies. Continued monitoring by the CBN and economic stakeholders will be key to maintaining balance in the forex market.
Read Also: CBN Exchange Rate Update: Naira Records Mixed Performance Against Major Currencies
