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Naira Exchange Rates: Conversion of United States Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) to Nigerian Naira (NGN) at CBN Rates (NFEM) - Nigeria Currency Converter Calculator

• Naira Exchange Rates: Conversion of United States Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) to Nigerian Naira (NGN) at CBN Rates (NFEM) - Nigeria Currency Converter Calculator
CBN Updates Official Naira Exchange Rates for August 3, 2026 on Monday

• CBN Updates Official Naira Exchange Rates for August 3, 2026 on Monday

• Central Bank of Nigeria has further raised its interest rate to 27.25 percent from 26.75 percent

• CBN begins the enforcement of cybercrime levy at 0.005 percent on all electronic transactions

• CBN directs all PoS providers to route transactions through an approved payment terminal

• CBN has given next-of-kins the authority to access funds in dormant accounts of their loved ones

• Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent

• Central Bank of Nigeria has directed all Banks to deposit their excess foreign currency notes with its branches

• Many unregistered loan apps have continued operation through APK amid the ongoing clampdown by FCCPC

• Court has granted FG order of interim forfeiture of Godwin Emefiele's properties valued at N11,140,000,000

• CBN has lifted the restriction imposed on OPay, Moniepoint and other Fintech companies

• CBN announces revocation of operating license of Heritage Bank Limited with immediate effect

• CBN has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent

• Central Bank of Nigeria has directed banks to charge 0.5 percent cybersecurity levy on transactions

• CBN has stopped mobile money operators like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers

• Investors have lost over N3 trillion in just one month as CBN had increased the monetary policy rate (MPR)

• CBN has spent $581 million on forex interventions at the Nigeria Autonomous Foreign Exchange Market - FMDQ

• CBN has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity

• Former CBN Governor, Godwin Emefiele, has been granted bail by the Court after meeting the stipulated conditions

• Central Bank of Nigeria has banned the use of foreign currency-denominated collaterals for naira loans

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