Daily Market Update: Exchange Rates And Commodity Prices For August 01 2026

Daily Market Update: Exchange Rates And Commodity Prices For August 01 2026 Daily Market Update: Exchange Rates And Commodity Prices For August 01 2026
Find below the latest Dollar to Naira, Pound to Naira, Euro to Naira exchange rates and selected commodity prices in Nigeria for today, Saturday, August 1, 2026.

Gatekeepers News has compiled the latest official foreign exchange rates from the Central Bank of Nigeria (CBN), alongside parallel market exchange rates and selected global commodity prices to keep readers informed about developments in the financial markets.

Official CBN Exchange Rates 

CurrencyBuy (₦)Sell (₦)
EURO1572.711573.86
US DOLLAR 1367.221368.22
POUNDS STERLING1836.451837.79
YUAN/RENMINBI202.50202.64
YEN8.558.56

Note: The naira traded at ₦1,368.22 per US dollar in the official market on Friday, July 31, 2026, compared with ₦1,366.72 per US dollar on Thursday, July 30, 2026. In the parallel market, the US dollar traded as high as ₦1,425.

Parallel Market (Black Market) Exchange Rates

CurrencyBuy (₦)Sell (₦)
USD1,4101,425
EURO1,5751,610
POUNDS STERLING1,8851,920
YUAN/RENMINBI208.8

Source: Parallel market rates obtained from market participants and reputable market data providers. Rates are indicative and may vary by location and dealer.

Beyond the foreign exchange market, global commodity prices recorded the following levels during the latest trading session:

Commodity Prices 

CommodityPrice ($)Daily Change
Gold4,049.10
Brent Crude Oil90.09+2.46%

According to Reuters market data, Brent crude oil futures traded at $90.09 per barrel, up 2.46% during the latest trading session, while gold futures were priced at $4,049.10 per ounce.

Disclaimer: Gatekeepers News does not determine exchange rates or commodity prices. Official exchange rates are sourced from the Central Bank of Nigeria (CBN), while parallel market rates are obtained from market participants and other reputable market data providers. Commodity prices are based on Reuters market data. Exchange rates and commodity prices may differ across markets and change without notice.