Brand News Day Nigeria reports that this page will keep the readership up-to-date with the official Pounds to naira daily exchange rate alongside the pounds to naira black market exchange rate in the parallel market otherwise known as the black market which is operated by the Burea De Change (BDC) operators.
How much is pounds to naira today in Black Market?
This page concentrates on the black market pounds to naira exchange rate and we know our readers will love to know how much is the Pounds to naira today in Black Market, hence, we have sourced the amount from various Bureau De Change (BDC) markets in Lagos, Nigeria’s commercial city to give you the exact pounds to naira black market today.
Pounds to Naira Black Market Today
BrandNewsDay reports that the local currency opened at ₦740 per £1 at the parallel market otherwise known as the black market, today, Thursday, 13th January 2022, in Lagos Nigeria, after it closed at ₦735.00 on Wednesday, 12 January 2022. This represents a change of N5 from the previous day.
Black Market Pound To Naira Exchange Rate Thursday, January 13, 2022
I want to sell pounds and I want to buy pounds: I want to change naira to pounds how much is it?
BrandNewsDay Nigeria reports that in the black market, the players buy pounds for ₦735 and sell for ₦740 on Monday morning, January 13, 2022, after they bought ₦730 and sold for ₦735 on Wednesday, January 13.
Meanwhile, BrandNewsDay reports that pounds started this week at ₦730 in the parallel market also known as the black market on Monday, January 3, 2022.
What You Should Know
- Pounds to Naira exchange rate rallied around 725 and sold for ₦730 last week
- The black market pounds to naira rally around 730 and sold for ₦735 this week
- The black market exchange rate slightly varies from one seller to another, depending on the market location, especially the Lagos market
- Notably, the pounds to naira exchange rate is determined by players (BDC operators) in the black market across the country, as the demand by investors determine the rate at which the US dollar to naira is exchanged for the inter trading day
PLEASE NOTE: Kindly be informed that the exchange rate changes every hour. Thus it is subjected to the market, that is, the volume of pounds available and the Demands determine the pounds to naira rate. What it means is that you can buy or sell 1 pounds at ₦735 and the price can change (high or low) within hours.