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Pounds to Naira Black Market Exchange Rate Today | GBP to Naira

Pounds to Naira Black Market Exchange Rate Today | GBP to Naira

Today’s Black Market Exchange Rate from Pounds to Naira: This is the rate of today’s GBP to Naira. See CBN & Black Market Exchange Rate for the pound to naira exchange rate. You can exchange your pounds for naira at this rate or at the current black market or parallel exchange rate.

Since the black market exchange rate is far higher than what the bank offers, many Nigerians favor using it to convert their foreign money, particularly British Pounds Sterling, to naira. Here is the page where you can find the current black market rate.

You can quickly check each of the rates for the Aboki fx pounds to naira conversion rate has been placed here.

Pounds to Naira Black Market Exchange Rate Today

Pounds to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦847
Selling Rate ₦860

What is the current rate of exchange in the black market between the pound and the naira? You might be interested to know that the rate of the pound to the naira on the black market occasionally differs greatly from the rate on the website of the Central Bank of Nigeria (www.cbn.gov.ng).

The amount we have mentioned above reflects the current exchange rate between pounds and naira. To keep you informed, we will constantly give you daily updates on the most recent rate. The current exchange rate for the British pound is the British Pound to Naira Exchange Rate. For various banks and parallel markets, the rate varies.

How Much is Pounds to Naira Official Exchange Rate Today

The black market (parallel) exchange rate typically differs from the CBN rate. The Naira is now trading for 573 Naira per pound. The currency rate between the pound and naira has a significant impact on the Nigerian economy.

As the value of the Naira declines, inflation takes hold of the economy, which typically has an impact on the populace. The governor of the Nigerian Central Bank, Godwin Emefiele, has urged Nigerians to work toward a significant turnaround in the country’s economy.

The exchange rate in the banks, which is typically governed by the Central Bank of Nigeria, is typically higher than the black market rate for pounds, also known as the Aboki market rate (CBN). The CBN Exchange rate is the rate you can buy or sell pounds for naira listed on CBN pounds to naira website cbn.gov.ng.

Pounds to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rate usually would always be lower than what is obtainable in the black market.

What’s do you think about Pounds to Naira Black Market Exchange Rate Today, tell what you think and how the Government can work with the CBN to provide reasonable GBP to naira rates in the future.

Pounds to Naira Black Market

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