October 28, 2016: How much is pounds to naira in black market today

This page provides you with information on the current Nigeria Black market exchange rates of dollar to naira, pound and naira, and the euro vs naira.

For more updated rates, click on our latest black market update page below.

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Pound Sterling Exchange Rate – GBP Rate to Nigeria Naira Exchange Rate – NGN rate in black market:

GBP/NGN: BUY / SELL
28/10/2016: 558/ 568

The Nigerian naira is the currency of Nigeria. In 1973, the naira was replaced by the pound at a rate of 2 naira = 1 pound.

The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators.

The CBN has given approvals to First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale of dollars to the BDC operators.

“About 1,700 bureaux de change are currently accessing $15,000 each from Travelex every week and we expect the improved dollar liquidity in the market to have positive impact on the value of the naira,” the President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, told Reuters.



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One Response

  1. Peace neebee October 18, 2016

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