British Pound Selling Rate Drops Against Naira

On August 28, 2026, the Central Bank of Nigeria (CBN) released updated exchange rates, revealing a decline in the selling rate of the British pound sterling against the Nigerian naira. The pound's selling rate decreased from N1,820.34 on August 27 to N1,816.04 on August 28, marking a reduction of N4.30 within a single day.

This adjustment indicates that buyers needing pounds at the CBN-listed selling rate would have incurred lower costs on August 28 compared to the previous trading day. Additionally, the euro's selling rate also fell, from N1,560.12 to N1,556.87, a decrease of N3.25, while the Swiss franc's rate declined from N1,664.91 to N1,662.05, a reduction of N2.86.

These movements reflect broader trends in currency exchange rates during the period.