Black market exchange rate of Pounds to Naira today in Nigeria

This page provides you with information on the current Nigeria Black market exchange rates of pound and naira every working day.

Here is the trading rate of pound sterling versus the Nigeria Naira in the Black Market today.

The pound to naira parallel market rates stated below are updated on this page every working day from 1PM (GMT).

Pound Sterling Exchange Rate to Nigeria Naira Exchange Rate in black market:

Black market exchange rates of pounds to naira for July, 2017
Date: (Usd/Ngn) BUY / SELL

July 18, 2017: 470/ 473
July 17, 2017: 465/ 470
July 14, 2017: 468/ 472
July 13, 2017: 468/ 472

Black market exchange rates of pounds to naira for June, 2017
Date: (Usd/Ngn) BUY / SELL

28/6/2017: 458/ 465
27/6/2017: 458/ 467
26/6/2017: 458/ 467
23/6/2017: 458/ 467
22/6/2017: 457/ 465
21/6/2017: 457/ 465
20/6/2017: 457/ 465
19/6/2017: 457/ 465

You have seen for yourself now the exchange rate of pounds to naira in black market, do you have any comment to make or suggestions?

A financial expert, Samuel Nzekwe, has advised the Central Bank of Nigeria (CBN) to be transparent in the allocation of foreign exchange resources.

This is as a result of the fact that every Forex policy formulated by the CBN has its ripple effect on the pounds to naira exchange rate at the black market.

Nzekwe, who is a former President, Association of National Accountants of Nigeria (ANAN) gave the advice in an interview with the News Agency of Nigeria (NAN) on Wednesday March 15, 2017 in Ota, Ogun.

He said that the current efforts of the apex bank in providing more forex to banks had drastically brought down inflation rate.

The National Bureau of Statistics r.reported on Tuesday that the nation’s inflation rate dropped from 18.7 in January to 17.7 per cent in February.

“Supply of forex by the CBN has contributed immensely to the drop of inflation and this implicates that the economy is recovering,’’ he said.

This supply of forex by the CBN has also helped to boast the exchange rate of the pounds to naira in the Nigeria black market.

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