If you are interested in knowing the exchange rate of Pound to Naira in the black market and CBN official rate then you can always check this page for daily updates. We promise to bring you the exact Central Bank of Nigeria (CBN) and the parallel or black market exchange rate of the British Pound to Nigerian Naira. To be on the safe side, you can simply bookmark this page on your browser or subscribe to this blog for our latest feeds.
The Great Britain Pound Sterling (GBP)
The Great Britain Pound Sterling (GBP) is the currency presently used by the people of Great Britain and Northern Ireland. Apart from these two territories, other countries that make use of the Pound Sterling are Falkland Island, Gibraltar, British Antarctic Territory, Saint Helena, Ascension, and Tristan da Cunha, British Indian Ocean Territory, South Georgia, and the South Sandwich Islands, etc. A hundred Penny makes up a Pound and the symbol for the Pound is £. The inflation rate of British Pound Sterling is put at 0.10% and it is known as the oldest currency in the world.
The Nigeria Naira (NGN)
The Naira is the currency used by the biggest black nation in Africa, which is the Federal Republic Of Nigeria. The Nigerian Naira has maintained a stand of being one of the strongest currency in Africa as of the 20th century, but getting to the 21st century especially in recent times, things have really changed negatively. The foreign exchange rate of Nigeria Naira has been on the decline at an alarming rate. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira respectively are; Kobo and ₦. The code for the Naira is simply written as NGN.
Exchange Rate Of British Pound To Naira In Black Market Today, May 2020
The exchange rate of Pound to Naira in black market today is as follows:
Buying = 1 GBP to 530 NGN
Selling = 1 GBP to 550 NGN
CBN Exchange Rate of Pound Naira Today, May 2020
The Central Bank of Nigeria (CBN) official exchange rate of the British Pound to Naira today is:
1 GBP = 442 NGN
These are the current Nigerian Naira exchange rate with the Great Britain Pounds Sterling as at today. You can always check on this site to get daily updates of the Pound to Naira exchange rate both in the black market and the official CBN rate. You can easily subscribe to this blog to get the information delivered straight to your email.