For this reason, the black market rate will always be higher than the official exchange rate. In Nigeria foreign exchange, the rate that is easily accessible to the people is the Black market rate. Dollar to Naira. These are the prevalent rates for Lagos. 1 week ago. This equals to no rise for GBP to Naira exchange rate in FX markets for this week so far.. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Get live exchange rates and current price of Tether in Nigerian Naira including a chart showing the latest exchange rate history. Pounds to Naira. Here, we shall be taking a look at the black market Dollar to Naira exchange rate in Nigeria. }); (adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({ Uncategorized 500 pounds to naira black market. People in Nigeria are used to searching for the euro to Naira exchange rate in the black market, and even pounds to Naira black market. It has been devalued twice in twelve months, from N155 in November 2014 to N197 in November 2015 Actual rates may vary slightly based on vendor. NAIRA (N) USD ($) EURO (€) GBP … Pound to Naira exchange rate is ₦ 625.00 in Black Market, ₦ 501.11 in CBN, ₦ 630.00 in BDC, ₦ 1.29 in Moneygram, ₦ 490.46 in Western Union, ₦ 500.05 in FX Market, and ₦ 539.00 in Ecobank; Pound to Naira rate recently moves upwards 0.16% in Black Market; Pound to Naira rate recently moves downwards 0.56% in CBN, 0.09% in Moneygram, 0.82% in Western Union, 1.15% in FX Market There are also eight different denominations of coins. Dollar to Naira. You can also check out the high pounds to naira exchange rate. Naira-Insights Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. Actual rates may vary slightly based on vendor. You should conduct your own research, review, analysis and verify our content before relying on them. }); Dollar to Naira Rate Black Market March 31 2020, Dollar to Naira Rate Black Market March 30 2020, Dollar to Naira Rate Black Market March 27 2020, Dollar to Naira Rate Black Market March 26 2020, Dollar to Naira Rate Black Market March 25 2020, Dollar to Naira Rate Black Market March 24 2020, Dollar to Naira Rate Black Market March 23 2020 (Update), Dollar to Naira Rate Black Market March 23 2020, Dollar to Naira Rate Black Market March 20 2020 (Update), Dollar to Naira Rate Black Market March 20 2020, Dollar to Naira Rate Black Market December 15 2020, Dollar to Naira Rate Black Market December 14 2020, Dollar to Naira Rate Black Market December 11 2020, Dollar to Naira Rate Black Market December 10 2020, Dollar to Naira Rate Black Market December 9 2020. Rates are updated during the day as they change. This makes a 1.45% fall for Dollar rate against Naira this week.. They come in 5, 10, 20, 50, 100, 200, and other denominations. With the high Dollar to Naira Exchange Rate today at the black market, it is obvious that indeed Nigeria is experiencing an acute economic recession, owing to leadership failure and over-dependent on foreign exchange over the years. Euros to Naira. US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. Todays Exchange Rate In Naira. Dollar to Naira. Buying – 465 Selling – 470. Nigerians import virtually anything imaginable to the extent of importing toothpick; that is how bad it is. NAIRA (N) USD ($) EURO (€) GBP […], Dollar to Naira Rate Black Market March 26 2020. This rate is far more expensive compared to the official CBN rate. The black market exchange rate of dollar is the price at which vendors operating outside legal banking channels exchange the dollar for Naira – always intending to maximize huge profit. 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