December 10, 2020 + Dollar to Naira Rate Black Market December 9 2020. 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. 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. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. Below you'll get Abokifx dollar euro pound to naira black market exchange rate today, See details here. What is the exchange rate of pounds to naira? Any import-dependent economy is sure to suffer the same fate the naira is suffering today. Pounds in black market rate 2017. British pound ceased to be an acceptable means of exchange in Nigeria in 1973 after the Nigerian Naira was introduced. Simply choose the currency that you want to convert and we'll show you the exchange rate history. Naira-Insights Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. This makes it -0.01% decline for Pounds against Naira this week. How much is 6 Pounds to Nairas? We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services OK This makes it -0.04% decline for United States Dollar against Naira this week.. 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. Get live exchange rates for British Pound to Nigeria Naira including a chart showing the latest exchange rate history. Home; Categories; Currency; Pounds to Nairas; 6 Pounds; 6 GBP . Info about Pounds Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Dollar to Naira. Against the European common currency, the Euro, […] Buying – 465 Selling – 470. Black Market Pound To Naira Exchange Rate Today April 2017 Techlector. 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… See:Dollar to Naira Black Market Rate GBP rate for today is ₦624 in Black Market(Lagos) today, Sunday, December 13, 2020. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. As at today with GBP being traded at ₦628 we see a % for Pounds to Naira exchange rate for this month. This is what makes it durable and lasts longer for use ( Still on How Much Is Dollar To Naira Exchange Rate Today Black Market). Any use or reliance on our content or data is solely at your own risk and discretion. 90% of paper money in U.s cities holds traces of cocaine in it. Uncategorized 500 pounds to naira black market. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We're working on it. Amount. Also, the Naira closed yesterday at N425 to a Euro, a similar amount it was sold for last Friday at the black market. One such currency is the pound which is exchanged at N615 for £1 pound. 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 have just converted fifty pounds to nigerian naira according to the recent foreign exchange rate 504.46267628. 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. 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. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 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. 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. Dollar to Naira Rate Black Market March 11 2020. BLACK MARKET POUND STERLING (GBP) TO NAIRA EXCHANGE RATE TODAY. Pounds in the CBN Rate Buying – 399.1796. 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. 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. GBP at the beginning of the week the opening rate was ₦625 at the parallel market on Monday, December 7, 2020. When we look at this month, GBP was traded at ₦ at the beginning of this December on Tuesday, December 1, 2020. Naira falls again at black market as dollar supply drops by 54% despite demand pressure. 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. 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. Pounds to Naira. For a while now, the Nigerian currency has been selling for N360 to N370 at the parallel market. Pound to Naira Exchange Rate Stood at N550 on Saturday. One such currency is the pound which is exchanged at N600 for £1 pound. Mid-market exchange rate at 10:41 UTC. 1 NGN = 0.00192 GBP. 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%. In 2008, there was a plan to … For fifty pounds you get today 25,223 naira 13 kobo. Sign up to get notified, and we’ll let you know as soon as we can. 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 USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. 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. 50 / 70: 245 / 293: 04/12/2020: 50 / 70: 245 / 293: OTHER RATES. Pound to Naira exchange rate stood at N550 on the black market on Saturday, according to the Investors King’s daily naira exchange rate. 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. The crave for imported goods means Nigerians have to demand more for foreign currencies, like the pound starlings. 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. 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 . Nigerians import virtually anything imaginable to the extent of importing toothpick; that is how bad it is. Online Currency Convertor Services. Currency trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. 1 GBP = 540 NGN. 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. These are the prevalent rates for Lagos. The local currency declined slightly by N1 from N595 it traded against the Pounds on Tuesday to N596 on Wednesday. For this reason, the black market rate will always be higher than the official exchange rate. 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. Todays Exchange Rate In Naira. 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