Are you interested in knowing today’s current exchange rate to that of British pounds and sterling? 1 GBP = 540 NGN. Aminu Gwadebe, president of ABCON, had blamed the illegal cash evacuation that is normally done through the Nigerian boarders as one of the factors responsible for fall in Naira against pounds in the parallel exchange market. See:Dollar to Naira Black Market Rate GBP rate for today is ₦624 in Black Market(Lagos) today, Sunday, December 13, 2020. 50 pounds to naira Get daily Central Bank of Nigeria ( CBN ) official exchange rates from dollar to naira , pounds to naira and euro to naira . There are made in Nigeria cars around, but Nigerians prefer to import cars. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. You have just converted fifty pounds to nigerian naira according to the recent foreign exchange rate 504.46267628. Dollar to Naira Rate Black Market March 11 2020. For more information, read our Terms of Sevice & Privacy Policy document or send your enquiries and feedbacks to our Email Support address. Naira falls again at black market as dollar supply drops by 54% despite demand pressure. Abokifx Dollar Naira Exchange Rate Today Euro Pound Black Market Rates . USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Get notified when we launch. One such currency is the pound which is exchanged at N615 for £1 pound. When we look at this month, GBP was traded at ₦ at the beginning of this December on Tuesday, December 1, 2020. However, naira remains relatively same at the official interbank foreign exchange market as the interbank rate ( official exchange rate of naira to dollar ) stood at N197.47 per dollar at the close of business yesterday, 15th February. Currency trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Also, the Naira closed yesterday at N425 to a Euro, a similar amount it was sold for last Friday at the black market. Selling – 400.4886. Buying – 465 Selling – 470. The crave for imported goods means Nigerians have to demand more for foreign currencies, like the pound starlings. Pounds To Naira Exchange Rate Today & Black Market; Western Union Rates In Nigeria; Dollar To Naira Exchange Rate Today & Black Market Mid-market exchange rate at 10:41 UTC. RELATED ARTICLES. Below you'll get Abokifx dollar euro pound to naira black market exchange rate today, See details here. 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. Pound to Naira Exchange Rate Stood at N550 on Saturday. We can't send money between these currencies. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. If you can transact using the official exchange rate that will be a great deal for you. POUND STERLING (GBP) TO NGN EXCHANGE RATE TODAY OCTOBER 2016 (BLACK & PARALLEL MARKET RATE) Questions like How Much Is Pound To Naira Exchange Rate Today is updated here for the sake on those who focuses on importation and needs to be aware crucially.. Dollar, Euro and Pound has risen strongly against Nigeria Naira in recent months due to fall in the country resource at the world market… How Much Is 1000 In Naira Saturday, 19 September 2020. Pounds to Naira. Uncategorized 500 pounds to naira 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. Germany currency to naira, how much is 1 euro in naira, Nigeria exchange rate, how much is one euro in naira, 1 eur to ngn, exchange rate euro to naira. Pounds in black market rate 2017. This makes it -0.01% decline for Pounds against Naira this week. This makes it 0.03% rise for Pounds against Naira this week. The black market exchange rate of dollar is the price at which vendors operating outside legal banking channels exchange the dollar for Naira – always intending to maximize huge profit. 1 NGN = 0.00192 GBP. For a while now, the Nigerian currency has been selling for N360 to N370 at the parallel market. Other factors that affect the pounds to naira exchange rate is the activities of hoarders who would rather hold on to their pounds than dispose it off, just to cash out big time. This rise in demand for scarce foreign currency bri… Pound to Naira exchange rate stood at N550 on the black market on Saturday, according to the Investors King’s daily naira exchange rate. Amount. This is what makes it durable and lasts longer for use ( Still on How Much Is Dollar To Naira Exchange Rate Today Black Market). December 9, 2020. Dollar to Naira. 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