Pound to Naira Black Market Rate Today 2022 Aboki can be accessed below.
Read GoldenNewsNg update on Pounds To Naira Exchange Rate ,official pounds rates as well as Pounds to Naira Black Market rates, Bureau De Change (BDC) rates, and CBN rates
Different currency all over the world has different exchange values in respect to Naira , We should note that currency value often fluctuate over a period of time but how strong a currency is indicates how healthy the economy is.
It’s also worthy to note that pound sterling alongside with US Dollar Japanese Yen remains on the top list of popular currency in the word. But today we are going to narrow down this article to the pound sterling (GBP) in relation with the Naira.
Pound to Naira Black Market Rate Today 2022
| Date | Currency | Selling(NGN) | Buying(NGN) |
February 25, 2022 | US DOLLAR | 575 | 570 |
February 25, 2022 | POUNDS STERLING | 760 | 753 |
February 25, 2022 | EURO | 648 | 642 |
More on pound sterling :
- In the exchange market, the pound is regarded as the 4th most traded currency, it comes behind the U.S Dollar,Euro and Yen which occupies the first, second and third position respectively.
- The currency has a sign of £ with a currency code of GBP, it has a slang term used to refer it which is quid.
- A pound is made up of 100 pence with a symbol “p”. Hence 100 pence makes £1 and 50 pence makes £0.50.
- Another important thing to note is that before 1971 A pound is divided into shillings . A shillings is made up of 12 pence
The Naira is usually on free fall each time the fall in price of oil put the economy under pressure. When such happens it becomes difficult for the Naira to regain its value except in a situation where the government have to pump in more forex to the market, such interventions are only artificial and temporary ,
history has thought us that such temporary intervention won’t won’t sustain the Naira. Expert advice the government to diversify which will help stabilise the Naira.
