Do you have some British Pounds and would love to swap them? Before concerning your money, you must know the Pounds to Naira Black Market Rate which is also known as Aboki because that is what you would use to convert your money. Pounds is one of the most valued currencies in the world and have a higher rate than the USD Dollars, which is also one of the most used currencies for exchange.
The rate has been updated based on the Abuja and Lagos rates which are the most commonly used rates in the country. In our USD to Naira Black market rate article, we talked about the difference between buying and selling when it comes to foreign currencies and will state in more straightforward terms on this page.
If you have 300£ and would love to convert it to naira, then you are selling while if you want to convert from naira to the Pounds equivalent, you are buying and with this example, we have made it easy for those who do not understand these terms.
Pounds(£) To Naira(₦) Black Market Rate Today(December.29.2023)
As of today, Pounds is being sold at 1545 at bought at 1520. The table below outlines the selling and buying rate in the black market.
Pounds to Naira (GBP to NGN)Black Market Exchange Rate TodaySelling Rate1545Buying Rate1520
From the table above, If one has £1,000 and would love to convert it to naira, you would be given ₦1,545,000 while if you would love to buy that exact amount you would need to have ₦1,520,000.
Amount In PoundsNaira Equivalent10₦15,450100₦154,500200₦309,000500₦772,5001000₦1,545,000
Pounds(£) To Naira(₦) Central Bank Rate Today
According to the currency page here www.cbn.gov.ng/rates/exchratebycurrency.asp, the selling rate is 1125 while the buying rate is 1124. The table below shows Pounds to naira CBN rates today
Pounds to Naira (GBP to NGN)Central Bank Exchange Rate TodaySelling Rate1125Buying Rate1124
We would have to make it clear that these rates are subject to change also, there might be slight variations in the amount used by various Bureau De Change[BDC] operators in the country. There has been a slight increase in the Central Bank rates compared to last week.
CONCLUSION
Today December 29, 2023, there is no change in the black market rate but there is a reduction in the CBN rate.
Let us know the rates in your state in the comment section below.
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