Naira to Pound Black Market Exchange Rate Today January 12 2023

Naira has appreciated again over the UK Pound at the black market and the new exchange rate can be accessed below.

iexclusivenews reports that Naira has depreciated against the U.K. Pound exchanging at N925/£1 on the exchange platform Aboki Forex.

Please note that the exchange rate changes hourly.… It depends on the volume of dollars available and the Demands.

What it means is that…you can buy or sell 1 pound at ₦925 and the price can change (high or low) within hours.

How much is the exchange rate of Pound to Naira in the Black Market today?

iexclusivenews reports that checks on Aboki Forex Thursday showed the current parallel market rate at N925 to a £1.

The Nigeria parallel market (black market dollar exchange rate today) according to Aboki Forex

January 12, 2023, UK Pound to Naira black market exchange rate: £1 to Naira = ₦925

The local currency opened at N925.00 per £1 at the parallel market otherwise known as the black market today Thursday January 12 2023, on Aboki Forex.

Even though the pound to naira opened in the parallel market at ₦925 per £1 today.

The Central Bank of Nigeria (CBN) does not recognize the parallel market, the black market.

The apex bank has therefore directed anyone who requires forex to approach their bank. Insisting that the I&E window is the only known exchange.

iexclusivenews Nigeria reports that on the black market according to Aboki Forex. The players buy a pound for N915 and sell for N925 on Thursday morning, January 12 2023.

Disclaimer: iexclusivenews Nigeria does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC

Parallel market rates (black market rates) are obtained from various sources including Aboki Forex and online media outlets.