Pounds to Naira rate at the official and black market exchange rate Today, Wednesday, March 5, 2024.
Buy (GBP to NGN): 1 GBP = 1890 NGN
Sell (GBP to NGN): 1 GBP = 1940 NGN
The British Pound has maintained its position against the Nigerian Naira, with a buying rate of 1890 NGN for every 1 GBP, while the selling rate is 1940 NGN for 1 GBP.
This exchange rate information provides valuable insights for individuals and businesses involved in international transactions between the United Kingdom and Nigeria.
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1505 |
| Selling Rate | N1515 |
The local currency opened at N1515 per $1 at the parallel market otherwise known as the black market today, in Lagos Nigeria.
Even though the dollar to naira opened in the parallel market at N1515 per $1 today, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.
The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
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