Naira to Pound Black Market Exchange Rate Today February 1 2023 

Naira has depreciated again against the UK Pound on the black market and the new exchange rate can be accessed below.

Iexclusivenews reports that the Naira has depreciated against the U.K. Pound, exchanged at N940/£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 demand.

What it means is that…you can buy or sell 1 pound at ₦940 and the price can change (high or low) within hours.

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

Iexclusivenews reports that checks on Aboki Forex Wednesday February 1 2023, showed the current parallel market rate at N940 to a £1.

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

February 1, 2023, UK Pound to Naira black market exchange rate: £1 to Naira = ₦940

The local currency opened at N940.00 per £1 on the parallel market otherwise known as the black market today Wednesday, February 1 2023, on Aboki Forex.

Even though the pound to naira opened in the parallel market at ₦940 per £1 today.

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

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 player bought a pound for N930 and sold it for N940 on Wednesday morning, February 1, 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.