Pounds to Naira Black Market Exchange Rate Today Sunday, May 29, 2022

Pounds to Naira black market today


This is today’s GBP to Naira exchange rate. For fx, see CBN & Black Market Exchange Rates. You can exchange your pounds for naira at these rates, or you can convert at the black market or parallel market rate.

Many Nigerians prefer to exchange foreign currencies, particularly British pounds sterling to naira, on the black market because the exchange rate is much higher than what the bank offers. This is the page to go to if you want to know what the current black market rate is.

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The Aboki fx has also been added to this page so you can easily verify each rate for the currencies you want to exchange in the parallel markets. Aboki fx is the most reliable source for today exchange rate. Their current exchange rate can be found here.

Pounds to Naira Black Market Rate Today

Pounds to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 748
Selling Rate 740


What is the current parallel market exchange rate for pounds to naira? It may interest you to know that the rate of Pounds to Naira on the black market can differ significantly from the rate on the Central Bank of Nigeria’s website (www.cbn.gov.ng).

The above price reflects the current Pound to Naira exchange rate. To keep you informed, we will provide daily updates to the most recent rate. The current exchange rate of the British Pound to the Nigerian Naira is pound to naira. Different banks and parallel markets have different rates.

Also See : Pounds to Naira Black Market Exchange Rate Today

How Much is Pounds to Naira Official Exchange Rate Today

The parallel exchange rate (black market) is usually different from the CBN rate. The Naira is currently trading at 573 Naira per pound. The Pound to Naira exchange rate has a significant impact on the Nigerian economy.

As the naira depreciates, inflation takes hold of the economy, which usually has a negative impact on citizens. Godwin Emefiele, the Governor of the Central Bank of Nigeria, has stated that the Nigerian economy requires a massive turnaround and has urged Nigerian citizens to work toward this goal.

The black market rate for pounds, known as Aboki market rate, is usually higher than the exchange rate at banks, which is usually regulated by Nigeria’s Central Bank (CBN). The CBN Exchange rate is the rate at which you can buy or sell pounds for naira on the CBN’s website, cbn.gov.ng.

The rate at which you can buy something from a foreign website with your Naira Mastercard or Debit card from a Nigerian bank is known as the Pounds to Naira bank rate. These rates are almost always lower than those available on the black market.

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What are your thoughts on Pounds to Naira Black Market Exchange Rate Today?. Tell us what you think?   You think the government and the CBN can work together in the future to provide reasonable GBP to naira rates.

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