Archive: Black market rates of pound, euro vs naira for February, 2017

Here is the archive on the various rates fluntuation of the naira against the pound and the euro in the Nigerian parallel market for the month of February, 2017.

Pound Sterling Exchange Rate – GBP Rate to Nigeria Naira Exchange Rate – NGN rate in black market:

Date: (Gbp/Ngn) BUY / SELL
28/02/2017: 520/ 536
27/02/2017: 525/ 556
24/02/2017: 540/ 575
23/02/2017: 595/ 600
22/02/2017: 611/ 625
21/02/2017: 625/ 635
20/02/2017: 625/ 638
17/02/2017: 625/ 635
16/02/2017: 620/ 630
15/02/2017: 615/ 627
14/02/2017: 612/ 626
13/02/2017: 610/ 625
10/02/2017: 605/ 620
09/02/2017: 600/ 618
08/02/2017: 605/ 615
07/02/2017: 608/ 618
06/02/2017: 610/ 618
03/02/2017: 610/ 620
02/02/2017: 610/ 620
01/02/2017: 605/ 615

Euro Exchange Rate – EUR Rate to Nigeria Naira Exchange Rate – NGN rate in black market:

(Eur/Ngn) BUY / SELL
28/02/2017: 440/ 460
27/02/2017: 440/ 460
24/02/2017: 440/ 480
23/02/2017: 500/ 505
22/02/2017: 510/ 525
21/02/2017: 530/ 540
20/02/2017: 530/ 545
17/02/2017: 525/ 538
16/02/2017: 530/ 540
15/02/2017: 525/ 536
14/02/2017: 523/ 535
13/02/2017: 522/ 535
10/02/2017: 520/ 533
09/02/2017: 510/ 531
08/02/2017: 515/ 531
07/02/2017: 520/ 530
06/02/2017: 520/ 530
03/02/2017: 515/ 528
02/02/2017: 515/ 528
01/02/2017: 515/ 525

The Nigerian naira is the currency of Nigeria.

The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation.

In 1973, the naira was replaced by the pound at a rate of 2 naira = 1 pound.

The naira started this month on a sliding note, but closed out strongly after the Central Bank of Nigeria began the sales of hard currencies to individuals.



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