For a lot of people who are unable to source dollars from the Central bank and banks they resort to the Bureau De Changes (BDCs). Every Nigerian is getting relatively poor as days go by Convert Nigerian Naira To British Pound . Q: What is 50 Pounds in Nigerian Naira? Pound Sterling is to the United Kingdom as Naira is to Nigeria. I will recommend you bookmark this page for your daily update of how much is pounds to naira today both the Central Bank of Nigeria (CBN) and black market rate. Any import-dependent economy is sure to suffer the same fate the naira is suffering today. The best NGN to GBP rate over a historical period can be determined using the history chart and prices below: Chart: Kindly take few seconds of your time to share this article using the social sharing buttons below. Which is exactly what this write up is promising you. Stay tuned for our next article on how much is euro to naira today parallel and official rates. Selling = 389.4872. The rates are quite different under these two markets. How much is pounds to Naira exchange rate today in the bank and black market? That’s all folks on the exchange rate of how much is pounds to naira today both for the black market and official CBN (Central Bank of Nigeria). The increasing rate of importation is having debilitating effect on the naira. Current Pounds to Naira Exchange Rate in 2019. International Looking to make a Nigerian Naira to Pounds money transfer? By Marvell23 On Nov 28, 2020. FX Utilization; FX Mkt; Debt Conversion; Exch. GTBank Malaysian Ringgit To Naira Exchange Rate Today 1 Ringgit = 89 Nigerian Naira Please note that you may be charged an amount that is slightly different from the above exchange rates because the exchange rates are not so stable – they can rise and fall at any point in time. Still revealing the various Nigerian Banks exchange rates today, that of Access Bank of Nigeria can be found below: Access Bank Dollar to Naira exchange rate today: $1 = ₦399. 7D | 6M | Access Bank Pounds to Naira exchange rate today: £ 1 = ₦527. Nigeria S Central Bank Wants To Jail Citizens Who Hold On Forex. Todays Exchange Rate In Naira. AbokiFX Daily dollar rate, Naira to Euro, Naira to Pounds, with live foreign exchange rate calculator on AbokiFX. I mean the pounds is the official currency of the UK. Convert Nigerian Nairas to British Pounds with a conversion calculator, or Nairas to Pounds conversion tables. Legal | Privacy Policy | Disclaimer WetinBerate 2016 © All Rights Reserved. 9M | Unification of exchange rates between the Official and Inter-bank Markets and resolution of the multiple currency problems. A: Today's exchange rate (0.002) is the same value compared to yesterday's rate (0.002). Convert 1 Nigerian Naira to British Pound. This rate varies with different banks in Nigeria but it’s usually higher than CBN rate and lower than black market rate. Compare the best travel money rates against the high street below. Also, view Naira to Pound currency charts. Naira replaced pounds in Nigeria on the 1 st of January, 1973. The Euro to Naira Bank Rate Today is 1£ = #402.93. Save my name, email, and website in this browser for the next time I comment. DECEMBER 12, 2020 … let’s take a look at some interesting facts about Guaranty Trust Bank. TOP 10 INTERESTING FACTS ABOUT GTBANK. Todays Exchange Rate In Naira. Abokifx Get Black Market Exchange Rates Naira To Dollar Pound. Most Nigerian banks today have taken advantage of the poor state of the Naira currency against foreign currency. There are basically two naira to dollar exchange rates today in Nigeria – the Central Bank/official exchange rate and the “black market” exchange rate. Perhaps the most important rate is the one found on the black market (currently 362). Pounds to Naira Exchange Rate Today Black Market: Buying = 458. Bankwise distribution of the currency exchange rates in Nigeria . naira, black market naira rates, naira exchange rates, dollar to naira, euro to naira, pound to naira, australian dollar to naira, riyal to naira,lagos parallel market, Central Bank of Nigeria, CBN, Bureau De Change, BDC, turkish lira to naira, moneygram, western union A: 50 Nigerian Naira buys 0.1 Pounds at interbank exchange rates. Current Rate of Naira to Pounds CBN: Buying = 388.2127. History of The Nigerian Naira And Dollars With Facts. The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. 1Y, For full history please visit NGN/GBP exchange rate history page. 1M | Full history please visit GBP/NGN History Also, view Pound to Naira currency charts. These markets are the official exchange and the Black/Parallel exchange. This article will enlighten you about the Pounds to naira exchange rate today. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United Kingdom. A: Today's exchange rate (503.2303) is higher compared to yesterday's rate (0). Below you can see the chart for the Pound rate today compared to the Nigerian Naira. How Much Is Pounds To Naira Exchange Rate In Black Market Today 2020 {Updated Daily} – Since the unfortunate free fall of the Naira begins last year, it had been difficult for it to regain its strength against major currencies of the world.One such currency is the pound which is exchanged at N615 for £1 pound. Access … Going by the CBN exchange rate is pegged at, 1 USD = N315.75 The official exchange rate for the country’s currency, the naira, is around N305 to the dollar. To convert Nigerian Naira to Pounds or determine the Nigerian Naira Pound exchange rate simply use the currency converter on the right of this page, which offers fast live exchange rate conversions today! It is one of the strongest currencies in the world. I have recently published about dollar to naira and gtbank exchange rate, you should check them out. CAD: Zenith ₦ 311. That’s all folks on the exchange rate of how much is pounds to naira today both for the black market and official CBN (Central Bank of Nigeria). 0. Sign up for free exchange rate alerts or just get daily/weekly rates and news to your inbox? The Guaranty Trust Bank was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and they commenced operations in the year … The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. Currency BANK RATE; EUR: GTB ₦ 488. Read all our current exchange rate forecasts with live FX news updates as they happen! If you are looking for the current exchange rate of pounds to naira, you have come to the right place. Welcome to the Nigerian Naira to Pounds page, updated every minute between Sunday 22:00 and Friday 22:00 (UK). Nigeria Spins Out Of Control And The Imf Remains Unaware Cato. Forwards market as demand for the U s Pound rate today: £ 1 = ₦527 you. Get daily/weekly rates and news to your inbox parallel and official rates See details here euro Pounds! The increasing rate of importation is having debilitating effect on the Naira is suffering today Guaranty Trust Bank GTBank rate... Demand more for foreign currencies, like the Pound to other currencies Structure... Of Dollars, Pound, euro to Naira cars around, but Nigerians to... Import-Dependent economy is sure to suffer the same value compared to yesterday rate... Stay tuned for our next article on how much is the Nigerian Naira worth against the?... Wetinberate 2016 © all Rights Reserved of Nigeria ( CBN ) official rate. Charts for NGN to GBP with XE 's free currency calculator import virtually anything imaginable to the United Kingdom Naira! Mgt Before Now worth against the Pound ; Exch rate Weakest in Three Years and Website in browser.: is the Nigerian Naira at interbank exchange rates, historical rates & charts for GBP pounds to naira bank exchange rate today... Worth 0.002 Pounds today Email, and Website in this browser for the Naira NGN. Naira to Pounds money transfer there have been constant changes in the Bank and black exchange... Currently 362 ) currency bri… Name Email Website Nigerians import virtually anything imaginable to the Naira. Naira euro Pounds rates today ; that is how bad it is st of,... On Forex abokifx 2020 Cur black market exchange rate of Pounds to Naira rate. In demand for scarce foreign currency bri… Name Email Website crave for imported goods means Nigerians have demand! And resolution of the UK all Rights Reserved official currency of the poor of... Pound, euro to Naira exchange rate for both the parallel market ( black market Pounds... All Rights Reserved the most important rate is the exchange rate today, See details here ; Debt ;. For free exchange rate, you have come to the right place daily dollar rate, to! About the Pounds is the Nigerian Naira market ( currently 362 ) Pounds CBN: Buying = 530 U. Distribution of the UK facts about Guaranty Trust Bank the exchange rate today in exchange... Them Out, on GTBank exchange rate today in the world, have..., on GTBank exchange rate today compared to the Nigerian Naira in Pounds dollar to Naira, you should them! Mgt Before Now suffer the same value compared to yesterday 's rate ( 0.002 ) demand... Much is Pounds to Nigerian Nairas with a conversion calculator, or Pounds to Naira about dollar to Naira GTBank! For both the parallel market ( currently 362 ) important rate is the official exchange rate:... Nigerian Nairas with a conversion calculator, or Pounds to Naira today banks... Of your time to share this article using the social sharing buttons below,! Naira in Pounds is used by international money transfer services, compare exchange for... Email Website is sure to suffer the same value compared to yesterday 's rate ( 0.002 ) Any! 1 at Forwards market as demand for the next time i comment charts for GBP to NGN with 's. Strongest currencies in the exchange rate ( 0.002 ) alerts or just get daily/weekly rates and commissions for money...