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. This makes it -0.01% decline for Pounds against Naira this week. GBP at the beginning of the week the opening rate was ₦625 at the parallel market on Monday, December 14, 2020. Converted to. December 9, 2020. December 10, 2020 + Dollar to Naira Rate Black Market December 9 2020. Abokifx Dollar Naira Exchange Rate Today Euro Pound Black Market Rates . The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. Today’s Naira Black Market Exchange Rates. Nigerians import virtually anything imaginable to the extent of importing toothpick; that is how bad it is. Pounds in black market rate 2017. If you can transact using the official exchange rate that will be a great deal for you. Black Market Rate of Dollar. 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. 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. Naira falls again at black market as dollar supply drops by 54% despite demand pressure. Dollar to Naira Rate Black Market December 10 2020. British Pound to Nigerian Naira Conversion Last updated: 2020-12-08 03:16 UTC All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Any import-dependent economy is sure to suffer the same fate the naira is suffering today. Get here an accurate and live exchange rates of Naira to Dollar, Pound to Dollar, Euro to Naira from the most reliable market analyst (AbokiFX.com). You have just converted fifty pounds to nigerian naira according to the recent foreign exchange rate 504.46267628. Pounds to Naira Rate Hits N596 at the Black Market The British Pounds gained against the Nigerian Naira on Wednesday at the black market as forex scarcity persists. Amount. NGN USD GBP EUR 07/12/2020: 380.00 504.60 460.37 04/12/2020: 380.00 511.67 462.42 MARKET … Save my name, email, and website in this browser for the next time I comment. We remain a trusted and reliable source of information as regards career, employment, payroll management and lots more.We have been featured in numerous and popular websites including, Crunchbase, Glassdoor, Craft, Medium, Facebook, the Guardian,Twitter and lots more. 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… We can't send money between these currencies. GBP at the beginning of the week the opening rate was ₦625 at the parallel market on Monday, December 7, 2020. 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. How much is pounds to naira exchange rate today is one common question we do on daily basis, so below is the exchange rate for pounds to naira on black market and CBN rate. Track the exchange rate. Convert 6 Pounds to Nairas (GBP to NGN). This makes it 0.03% rise for Pounds against Naira this week. 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 . Dollar to Naira Rate Black Market March 11 2020. Dollar to Naira. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 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. Sign in; Change language . Todays Exchange Rate In Naira. On a lighter note, any new policy adopted by the CBN impacts the black market exchange rate. Centeral – 399.8341. This makes it -0.04% decline for United States Dollar against Naira this week.. The crave for imported goods means Nigerians have to demand more for foreign currencies, like the pound starlings. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. What is the exchange rate of pounds to naira? Naira-Insights Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. No content or data on our Site is meant to be a solicitation or offer. Home; Categories; Currency; Pounds to Nairas; 6 Pounds; 6 GBP . Against the European common currency, the Euro, […] Get live exchange rates for British Pound to Nigeria Naira including a chart showing the latest exchange rate history. Pounds To Naira Exchange Rate Today & Black Market; Western Union Rates In Nigeria; Dollar To Naira Exchange Rate Today & Black Market Info about Pounds 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. 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Also, the Naira closed yesterday at N425 to a Euro, a similar amount it was sold for last Friday at the black market. For more information, read our Terms of Sevice & Privacy Policy document or send your enquiries and feedbacks to our Email Support address. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. You should conduct your own research, review, analysis and verify our content before relying on them. The increasing rate of importation is having debilitating effect on the naira. Mid-market exchange rate at 10:41 UTC. 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%. For this reason, the black market rate will always be higher than the official exchange rate. In addition, the local legal tender stayed firm against the British Pound on Monday, trading at N475 at the market. RELATED ARTICLES. 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. British pound ceased to be an acceptable means of exchange in Nigeria in 1973 after the Nigerian Naira was introduced. 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. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. This rise in demand for scarce foreign currency bri… One such currency is the pound which is exchanged at N615 for £1 pound. Simply choose the currency that you want to convert and we'll show you the exchange rate history. Naira also depreciated by N45 against the British pound as the black market exchange rate rose to N485 per pound, N340 as on Friday. Sign up to get notified, and we’ll let you know as soon as we can. 90% of paper money in U.s cities holds traces of cocaine in it. Euros to Naira. Pound to Naira Exchange Rate Stood at N550 on Saturday. Any use or reliance on our content or data is solely at your own risk and discretion. See:Dollar to Naira Black Market Rate GBP rate for today is ₦624 in Black Market(Lagos) today, Sunday, December 13, 2020. Below you'll get Abokifx dollar euro pound to naira black market exchange rate today, See details here. Pounds in the CBN Rate Buying – 399.1796. 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. When we look at this month, GBP was traded at ₦ at the beginning of this December on Tuesday, December 1, 2020. 1 NGN = 0.00192 GBP. BLACK MARKET POUND STERLING (GBP) TO NAIRA EXCHANGE RATE TODAY. Pounds to Naira. 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. 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. One such currency is the pound which is exchanged at N600 for £1 pound. 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. Pound to Naira exchange rate stood at N550 on the black market on Saturday, according to the Investors King’s daily naira exchange rate. 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. Nigerian Naira to British Pound Sterling Convert NGN to GBP at the real exchange rate. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. The local currency declined slightly by N1 from N595 it traded against the Pounds on Tuesday to N596 on Wednesday. These are the current Nigerian Naira exchange rate with the Great Britain Pounds Sterling as at today. In 2008, there was a plan to … Black Market (Lagos) exchange rates for Naira today are. Uncategorized 500 pounds to naira black market. This is what makes it durable and lasts longer for use ( Still on How Much Is Dollar To Naira Exchange Rate Today Black Market). Currency trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Buying – 465 Selling – 470. How Much Is 1000 In Naira Saturday, 19 September 2020. 1 GBP = 540 NGN. Toggle navigation Calculate C Plus. There are made in Nigeria cars around, but Nigerians prefer to import cars. GBP rate for today is ₦628 in Black Market(Lagos) today, Tuesday, December 15, 2020. Are you interested in knowing today’s current exchange rate to that of British pounds and sterling? Our currency calculator gives you real time figures based on the our online rate of the day. These are the prevalent rates for Lagos. 50 pounds to nigerian naira according to the foreign exchange rate for today. For fifty pounds you get today 25,223 naira 13 kobo. Rates are updated during the day as they change. As at today with GBP being traded at ₦628 we see a % for Pounds to Naira exchange rate for this month. Calculations ; Categories ; About CalculatePlus ; Pounds to Nairas Currency. English (en) German (de) Italian (it) Spanish (es) CalculatePlus . 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. Selling – 400.4886. Get notified when we launch. Black Market Pound To Naira Exchange Rate Today April 2017 Techlector. 50 / 70: 245 / 293: 04/12/2020: 50 / 70: 245 / 293: OTHER RATES. on October 23, 2020 October 23, 2020 October 23, 2020 October 23, 2020 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. 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 In this article you will get to know everything about GBP to naira black market rate. In the bid to keep our readers, guests and other beautiful people updated on the rate and strength of our country Nigeria’s currency against other currencies of the world, we have concocted this article on Black market Pounds to Naira Exchange rate today. 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. 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. Actual rates may vary slightly based on vendor. 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. We're working on it. Shocking right, not only cocaine, 94% of 68 dollar bills that were tested had bacteria on them. 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