Converted to. GBP at the beginning of the week the opening rate was ₦625 at the parallel market on Monday, December 14, 2020. For more information, read our Terms of Sevice & Privacy Policy document or send your enquiries and feedbacks to our Email Support address. 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. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. You have just converted fifty pounds to nigerian naira according to the recent foreign exchange rate 504.46267628. How Much Is 1000 In Naira Saturday, 19 September 2020. British pound ceased to be an acceptable means of exchange in Nigeria in 1973 after the Nigerian Naira was introduced. We're working on it. 50 / 70: 245 / 293: 04/12/2020: 50 / 70: 245 / 293: OTHER RATES. 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. 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. 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%. Nigerians import virtually anything imaginable to the extent of importing toothpick; that is how bad it is. Abokifx Dollar Naira Exchange Rate Today Euro Pound Black Market Rates . This makes it -0.04% decline for United States Dollar against Naira this week.. 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. 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. Also, the Naira closed yesterday at N425 to a Euro, a similar amount it was sold for last Friday at the black market. Our currency calculator gives you real time figures based on the our online rate of the day. Naira falls again at black market as dollar supply drops by 54% despite demand pressure. The increasing rate of importation is having debilitating effect on the naira. 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. 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. Calculations ; Categories ; About CalculatePlus ; Pounds to Nairas Currency. Any import-dependent economy is sure to suffer the same fate the naira is suffering 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. 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. 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. Pounds in black market rate 2017. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. 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). 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Amount. Sign up to get notified, and we’ll let you know as soon as we can. 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. See:Dollar to Naira Black Market Rate GBP rate for today is ₦624 in Black Market(Lagos) today, Sunday, December 13, 2020. On a lighter note, any new policy adopted by the CBN impacts the black market exchange rate. In this article you will get to know everything about GBP to naira black market rate. 90% of paper money in U.s cities holds traces of cocaine in it. Pound to Naira exchange rate stood at N550 on the black market on Saturday, according to the Investors King’s daily naira exchange rate. How much is 6 Pounds to Nairas? December 10, 2020 + Dollar to Naira Rate Black Market December 9 2020. 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. Shocking right, not only cocaine, 94% of 68 dollar bills that were tested had bacteria on them. This makes it -0.01% decline for Pounds against Naira this week. Pounds To Naira Exchange Rate Today & Black Market; Western Union Rates In Nigeria; Dollar To Naira Exchange Rate Today & Black Market 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. 1 GBP = 540 NGN. Pound to Naira Exchange Rate Stood at N550 on Saturday. In 2008, there was a plan to … Centeral – 399.8341. Black Market Rate of Dollar. Buying – 465 Selling – 470. 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. For fifty pounds you get today 25,223 naira 13 kobo. 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. What is the exchange rate of pounds to naira? NGN USD GBP EUR 07/12/2020: 380.00 504.60 460.37 04/12/2020: 380.00 511.67 462.42 MARKET … Black Market (Lagos) exchange rates for Naira today are. Dollar to Naira Rate Black Market December 10 2020. Today’s Naira Black Market Exchange Rates. RELATED ARTICLES. Nigerian Naira to British Pound Sterling Convert NGN to GBP at the real exchange rate. One such currency is the pound which is exchanged at N600 for £1 pound. Any use or reliance on our content or data is solely at your own risk and discretion. Naira also depreciated by N45 against the British pound as the black market exchange rate rose to N485 per pound, N340 as on Friday. Naira-Insights Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. As at today with GBP being traded at ₦628 we see a % for Pounds to Naira exchange rate for this month. Get notified when we launch. 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 . 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. Pounds to Naira. For a while now, the Nigerian currency has been selling for N360 to N370 at the parallel market. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. 1 NGN = 0.00192 GBP. 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. You should conduct your own research, review, analysis and verify our content before relying on them. Info about Pounds Track the exchange rate. 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 Uncategorized 500 pounds to naira black market. These are the prevalent rates for Lagos. 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. Selling – 400.4886. Against the European common currency, the Euro, […] Actual rates may vary slightly based on vendor. Currency trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. 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. When we look at this month, GBP was traded at ₦ at the beginning of this December on Tuesday, December 1, 2020. 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. There are made in Nigeria cars around, but Nigerians prefer to import cars. Online Currency Convertor Services. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. For this reason, the black market rate will always be higher than the official exchange rate. This is what makes it durable and lasts longer for use ( Still on How Much Is Dollar To Naira Exchange Rate Today Black Market). on October 23, 2020 October 23, 2020 October 23, 2020 October 23, 2020 Todays Exchange Rate In Naira. We can't send money between these currencies. The crave for imported goods means Nigerians have to demand more for foreign currencies, like the pound starlings. BLACK MARKET POUND STERLING (GBP) TO NAIRA EXCHANGE RATE TODAY. No content or data on our Site is meant to be a solicitation or offer. Pounds in the CBN Rate Buying – 399.1796. Rates are updated during the day as they change. 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. Get live exchange rates for British Pound to Nigeria Naira including a chart showing the latest exchange rate history. Black Market Pound To Naira Exchange Rate Today April 2017 Techlector. 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. Toggle navigation Calculate C Plus. Abokifx Black Market Exchange Rate Today For Euro Pounds Dollar To Naira … Abokifx.com website is a very popular website / online platform for daily update on Nigeria’s conversion to major currency exchange rate { Abokifx Black Market Exchange Rate Today Aboki Forex } Lagos English (en) German (de) Italian (it) Spanish (es) CalculatePlus . Dollar to Naira Rate Black Market March 11 2020. 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… 50 pounds to nigerian naira according to the foreign exchange rate for today. GBP at the beginning of the week the opening rate was ₦625 at the parallel market on Monday, December 7, 2020. 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. Simply choose the currency that you want to convert and we'll show you the exchange rate history. 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. December 9, 2020. Dollar to Naira. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. This rise in demand for scarce foreign currency bri… Home; Categories; Currency; Pounds to Nairas; 6 Pounds; 6 GBP . Are you interested in knowing today’s current exchange rate to that of British pounds and sterling? GBP rate for today is ₦628 in Black Market(Lagos) today, Tuesday, December 15, 2020. 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 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. In addition, the local legal tender stayed firm against the British Pound on Monday, trading at N475 at the market. One such currency is the pound which is exchanged at N615 for £1 pound. Mid-market exchange rate at 10:41 UTC. If you can transact using the official exchange rate that will be a great deal for you. Below you'll get Abokifx dollar euro pound to naira black market exchange rate today, See details here. Convert 6 Pounds to Nairas (GBP to NGN). Euros to Naira. +> with much ♥ by CalculatePlus. Lagos – The Naira on Monday lost N2 to the dollar to sell at N210 at the Bureau De Change (BDCs) segment of the official market. 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. Sign in; Change language . Save my name, email, and website in this browser for the next time I comment. This makes it 0.03% rise for Pounds against Naira this week. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. Parallel Market on Monday, December 7, 2020 + dollar to Naira rate black Market rate be than. Naira exchange rate for today cocaine, 94 % of 68 dollar bills that tested. Official exchange rate for today is ₦628 in black Market exchange rates for today. 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