BLACK MARKET POUND STERLING (GBP) TO NAIRA EXCHANGE RATE TODAY
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 the Black market Pounds to the Naira Exchange rate today.
Before anything else, it is noteworthy to state that just in case you are interested in knowing the updated exchange value or rate of the Naira against the Dollar in the Black Market as well, click HERE and have your needs fulfilled.
Now, moving on, it shouldn’t sound strange to the ears if I say the Naira has been on its worst stride of value ever. And with factors like the decline in global oil prices, failed or non-effective Government policy, hoarding of foreign currency by Bureau de Change operators, high rate of importation, Nigerians’ preference for foreign goods, and looting of public funds by politicians and other government workers amongst others still in place, the future of the Naira is super hazy. The future is so bleak and our dear Naira has quite a number of a storm to weather before entering the “land of the stables”.
With the reasons for the present state of the Naira being given above, moving on to the Black market Pounds to Naira Exchange rate today would be appropriate.
The figures below show the Black market Pounds to Naira exchange rate today (July 2018).
- N91165 – to buy £1
- N1180 – to sell £1
CBN Rate of 1 GBP (POUNDS) To NGN (NAIRA) Today
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What this simply means is that Black-market operators would buy your Pounds Sterling (if you have any to sell) at the rate of N1165 per pound.
On the other hand, if you have some needs that require the Great Britain Pounds (GBP), Black-market operators will fulfill your need as long as you pay them N1180 per Pound.
BRITISH POUNDS TO NAIRA EXCHANGE RATE HISTORY (PARALLEL MARKET)
| Date | Naira Per Euro |
| SEPTEMBER 2016 | N413 – N405 |
| AUGUST 2016 | N420 – N409 |
| JULY 2016 | N314 – N420 |
| JUNE 2016 | N286 – N375 |
| MAY 2016 | N290 – N288 |
| APRIL 2016 | N284 – N290 |
| March 2016 | N280 – N285 |
Keep checking this platform regularly to get updates on the conditions, rate and other information regarding the Black market Pounds to Naira Exchange rate.
