Pounds To Naira Exchange Rate For Today 03 March 2022 has been obtained by GoldenNewsNg
On this page, we bring to you the black market pounds to naira exchange rate because our readers will love to know how much is Pounds to naira today in the market. We have therefore sourced the figures from various Bureau De Change (BDC) markets in Lagos, Nigeria’s commercial city to give you the pounds to naira black market today.
GoldenNewsNg reports that the local currency opened at ₦765 per £1 at the parallel market otherwise known as the black market, today, Thursday, 03 March 2022, in Lagos Nigeria, after it closed at ₦745 per £1 on Wednesday, 02 March 2022.
How much does it cost to buy pounds or change naira to pounds?
GoldenNewsNg reports that in the black market, the players buy pounds for ₦760 and sell for ₦765 on Thursday morning, March 03, 2022, after they bought ₦740 and sold for Wednesday morning, March 02, 2022. This represents Nil change.
Meanwhile, GoldenNewsNg reports that the euro started this week at ₦745 in the parallel market also known as the black market on Monday, 28 February 2022.
Please Note : The 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.
“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.
“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.
“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” he said during a press briefing on September 17, 2021.
Checks by GoldenNewsNg reveal uncertainty in the market as prices move up and down in a directionless manner, thereby making it unreliable.
Disclaimer: GoldenNewsNg does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
