Pounds (GBP) to Naira (NGN) Black Market Exchange Rate Today
Pounds (GBP) to Naira (NGN) Black Market Exchange Rate Today – Check here for the current black market exchange rate from Pounds (GBP) to Naira (NGN).
In this post, you will also know the CBN and black market exchange rate for Pounds to Naira today. You change your GBP to Naira at these rate or convert Pounds to Naira at the latest black market rate or parallel market.
It is a well known fact that many Nigerians prefer to exchange their foreign currencies especially the British Pounds to Naira using the black market because the exchange rate is relatively higher than that of CBN or commercial banks.
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Well, it may interest you to know that Pound to Naira rate in the black market varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).
CBN/Bank Exchange Rate Today – Pound to Naira (GBP to NGN)
The price listed above is the current GBP to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Pound to Naira Exchange Rate is the current exchange equivalent of the British Pound. Rate varies for various banks and parallel markets.
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Parallel exchange rate (black market) exchange rate is always different from CBN rate. Currently, Naira is trading at 525.23 Naira Per Pound. The Nigerian Economy is drastically affected by the Pound to Naira exchange rate.
The black market commonly referred to as Aboki market rate for Pound is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell pounds for naira listed on CBN pound to naira website cbn.gov.ng.
Pound 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 normally would always be lower than what is obtainable in the black market.
What do you think about this? Does this spell impending danger for the Nigerian Economy?
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