Pounds in the CBN Rate Buying – 399.1796. These are the prevalent rates for Lagos. Please note that if central bank of Nigeria fails to constantly inject liquidity then the huge demand for GBP (pounds) by the manufacturers and foreign investors will dry up the scarce liquidity in the market and thereby mount pressure on the already volatile market driving the pounds upwards. Please note that the CBN policies do have a great influence on the GBP to naira exchange rate, if it favours the Naira, the Naira will gain or appreciate significantly against the pounds both in the parallel market and the forex market. Sign in; Change language . So, if you’re planning to travel or send money from Britain to Nigeria, you will be required to convert your currency from British pounds to Nigerian Naira before you can actually transact or proceed with the sending of money. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. For this reason, the black market rate will always be higher than the official exchange rate. Calculations ; Categories ; About CalculatePlus ; Pounds to Nairas Currency. Convert 6 Pounds to Nairas (GBP to NGN). GBP rate for today is ₦628 in Black Market(Lagos) today, Tuesday, December 15, 2020. This makes it -0.04% decline for United States Dollar against Naira this week.. Get notified when we launch. These are the current Nigerian Naira exchange rate with the Great Britain Pounds Sterling as at today. Sell rates: USD ₦ 475, EUR ₦ 580, GBP ₦ 625, CAD ₦ 362, ZAR ₦ 27, GHS ₦ 85, RMB ₦ 70, AUD ₦ 293, XOF ₦ 0.86, XAF ₦ 0.78, and AED ₦ 155; Buy rates: USD ₦ 470, EUR ₦ 570, GBP ₦ 615, CAD ₦ 330, ZAR ₦ 20, GHS ₦ 75, RMB ₦ 50, AUD ₦ 245, XOF ₦ 0.8, XAF ₦ 0.7, and AED ₦ 120 Nigerian Naira to British Pound Sterling Convert NGN to GBP at the real exchange rate. See:Dollar to Naira Black Market Rate GBP rate for today is ₦624 in Black Market(Lagos) today, Sunday, December 13, 2020. British pound ceased to be an acceptable means of exchange in Nigeria in 1973 after the Nigerian Naira was introduced. Dollar to Naira. READ: CBN announces resumption of sales of forex to BDC This is despite the allocation of about $1 billion to Bureau De Change (BDC) Operators since September by the CBN. Naira-Insights Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. GBP is no doubt belongs to the league of oldest currency in the world and as at today the inflation rate is pegged at just 0.10%. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N478/$1 on Wednesday. Below you'll get Abokifx dollar euro pound to naira black market exchange rate today, See details here. Today’s Naira Black Market Exchange Rates. Centeral – 399.8341. This makes it 0.03% rise for Pounds against Naira this week. English (en) German (de) Italian (it) Spanish (es) CalculatePlus . Shocking right, not only cocaine, 94% of 68 dollar bills that were tested had bacteria on them. RELATED ARTICLES. We can't send money between these currencies. This is what makes it durable and lasts longer for use ( Still on How Much Is Dollar To Naira Exchange Rate Today Black Market). 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The increasing rate of importation is having debilitating effect on the naira. 90% of paper money in U.s cities holds traces of cocaine in it. If the CBN wants to boast the strength of Naira then it must be ready to consistently inject more liquidity into the retail sector of the fx market as this will go a long way to curb the illegal activities of mostly hoarders. Nigerians import virtually anything imaginable to the extent of importing toothpick; that is how bad it is. Buying – 465 Selling – 470. The local currency declined slightly by N1 from N595 it traded against the Pounds on Tuesday to N596 on Wednesday. Sign up to get notified, and we’ll let you know as soon as we can. What is the exchange rate of pounds to naira? One such currency is the pound which is exchanged at N600 for £1 pound. WESTERN UNION (Receiving) NGN USD GBP EUR 07/12/2020: 380.28 493.36 444.83 04/12/2020: 380.28 498.94 445.13 MONEYGRAM (Receiving) NGN USD GBP EUR 04/12/2020: 378.52 512.66 467,71 03/12/2020: 378.52 512.66 467,71 CBN Exchange Rates. In 2008, there was a plan to … Pound to Naira Exchange Rate Stood at N550 on Saturday. Online Currency Convertor Services. on October 23, 2020 October 23, 2020 October 23, 2020 October 23, 2020 All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from several third party sources. Info about Pounds How Much Is Pounds To Naira Exchange Rate In Black Market Today 2020 {Updated Daily} – Since the unfortunate free fall of the Naira begins last year, it had been difficult for it to regain its strength against major currencies of the world. GBP at the beginning of the week the opening rate was ₦625 at the parallel market on Monday, December 7, 2020. The Naira slid against the pound to a record low of N550 due to the drop in liquidity supply by the Central Bank of Nigeria to the foreign exchange market. Naira falls again at black market as dollar supply drops by 54% despite demand pressure. Also, the Naira closed yesterday at N425 to a Euro, a similar amount it was sold for last Friday at the black market. How Much Is Pounds To Naira Exchange Rate In Black Market Today 2020 {Updated Daily} – Since the unfortunate free fall of the Naira begins last year, it had been difficult for it to regain its strength against major currencies of the world. +> with much ♥ by CalculatePlus. 50 GBP = 22,768; 100 GBP = 45,536; 250 GBP = 113,840; 500 GBP = 227,679; 1,000 GBP = 455,358; 3,000 GBP = 1,366,075; 5000 GBP = 2,276,792; 10000 GBP = 4,553,584; The difference between the official exchange rate and the black market rate of Pounds to naira cannot be neglected. December 9, 2020. Get live exchange rates for British Pound to Nigeria Naira including a chart showing the latest exchange rate history. No part of the content or data that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. If you can transact using the official exchange rate that will be a great deal for you. You can always check on this site to get daily updates of the Pound to Naira exchange rate both in the black market and the official CBN rate.You can easily subscribe to this blog to get the information delivered straight to your email. Simply choose the currency that you want to convert and we'll show you the exchange rate history. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. This makes it -0.01% decline for Pounds against Naira this week. Pounds in black market rate 2017. Pound to Naira exchange rate stood at N550 on the black market on Saturday, according to the Investors King’s daily naira exchange rate. Usd naira is n211 today in the black market 280115 nigeria s floating read sinking naira cato liberty abokifx 2020 cur black market exchange rate in nigeria abokifx dollar naira exchange rate today euro pound black market naira hits n509 to 1 at forwards market as demand for the u s abokifx dollar naira exchange rate today euro pound black market. Pounds To Naira Exchange Rate Today & Black Market; Western Union Rates In Nigeria; Dollar To Naira Exchange Rate Today & Black Market Save my name, email, and website in this browser for the next time I comment. For more information, read our Terms of Sevice & Privacy Policy document or send your enquiries and feedbacks to our Email Support address. Our currency calculator gives you real time figures based on the our online rate of the day. 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