Pounds to Naira Black Market Exchange Rate Today 12th August 2023 | GBP to Naira

Pounds to Naira Black Market Exchange Rate Today – This is the current GBP to Naira rate for today. See CBN & Black Market Exchange Rate for pounds to naira aboki fx. You change your Pounds to naira at these rate or convert pounds to naira at the latest black market rate or parallel market.

So many Nigerians prefer to exchange their foreign currencies, especially the British Pounds Sterling to naira using the black market because the exchange rate is very high compared to what the bank offers. If you want to know the current black market rate, here is the page to find that.

Aboki fx pounds to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Aboki fx is the most trusted source for black market pounds to naira rate today. You can find their exchange rate for today here.

Pounds to Naira Black Market Rate Today

What is the current pounds to naira exchange rate in parallel market? Well, it may interest you to know that Pounds to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).

The price we have listed above is the current Pounds to Naira exchange rate. We will always provide updates to the latest rate on a daily basis to keep you informed. Pounds to Naira Exchange Rate is the current exchange equivalent of the British Pounds. Rate differs for various banks and parallel markets.

How Much is Pounds to Naira Official Exchange Rate Today

Parallel exchange rate (black market) exchange rate usually varies from CBN rate. Currently, Naira is trading at 1180 Naira Per Pound. The Nigerian Economy is drastically affected by the Pounds to Naira exchange rate.

As Naira is falling, inflation takes over the economy which usually takes a toll on the citizens. Central Bank Governor,  has said that the Nigerian Economy needs a massive turnaround and has urged Nigerian citizens to work towards it.

The black market commonly referred to as Aboki market rate for Pounds is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell pounds for naira listed on CBN pounds to naira website cbn.gov.ng.

Pounds to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. This rate usually would always be lower than what is obtainable in the black market.

What’s do you think about Pounds to Naira Black Market Exchange Rate Today, tell what you think and how the Government can work with the CBN to provide reasonable GBP to Naira rates in the future.