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Naira to Pound Black Market Exchange Rate Today January 24, 2023

Please note that the exchange rate changes hourly. It depends on the volume of pounds available and the demand.

Published

8 months ago

January 24, 2023

Pound to Naira Black Market Exchange Rate Today February 24, 2023

Naira has gained again over the UK Pound at the parallel market known as black market. And the new exchange rate can be accessed below.

iexclusivenews reports that Naira has appreciated against the U.K. Pound exchanging at N930/£1 on the exchange platform Aboki Forex.

Please note that the exchange rate changes hourly. It depends on the volume of pounds available and the demand.

What it means is that…you can buy or sell 1 pound at ₦930 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 on Tuesday, January 24, 2023, showed that the current parallel market rate at N930 to £1.

The Nigerian parallel market (black market pound exchange rate today), according to Aboki Forex

January 24, 2023, UK Pound to Naira black market exchange rate: £1 to Naira = ₦930

The local currency opened at N930.00 per £1 at the parallel market. Otherwise known as the black market, today Tuesday, January 24, 2023, on Aboki Forex.

Even though the pound to naira exchange rate opened in the parallel market at ₦930 per £1 today.

The Central Bank of Nigeria (CBN) does not recognize the parallel market or 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 platform.

iexclusivenews Nigeria reports that on the black market, according to Aboki Forex. The players buy a pound for N925 and sell it for N935 on Monday morning, January 24, 2023.

Disclaimer: iexclusivenews Nigeria does not determine or set currency exchange 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.