How Much is Pounds To Naira Exchange Rate Today Black Market

How Much is Pounds to Naira Exchange Rate Today Black Market
How Much is Pounds to Naira Exchange Rate Today Black Market

How Much is Pounds To Naira Exchange Rate Today Black Market {  Rate Updated Daily Below}

Are you interested in knowing How much is Pounds to Naira exchange rate today black market ? This is what this article would centre on. As we all know, the Pound is one of the strongest currencies in the world. In fact, it is the fourth (4th) strongest, following the Kuwaiti Dinar, Bahraini Dinar and Omani Dinar. This makes it the strongest currency in the world outside of the oil rich middle east. Directly following it in strength are the Euro and Dollar. lets give you the rate first.

Pounds To Naira Exchange Rate Today Black Market

  • Buying : Pounds To Naira Today = 485

  • Selling : Pounds To Naira Today = 495

On the contrary, the Nigerian Naira is not as strong as the Pound, not even comparable in terms of worth. Take a look above at how many Naira is exchanged with a Pound as of today.

How Much is Pounds to Naira Exchange Rate Today Black Market
How Much is Pounds to Naira Exchange Rate Today Black Market

A brief overview of the two currencies are discussed below

  • THE BRITISH POUND STERLING

The Great British Pound ( GBP ) is the currency of Great Britain and Northern Ireland. Aside these territories, it is also used in 9 other British territory alongside the currencies of such territory such as British Antarctic Territory, Falkland Islands, Gibraltar, Saint Helena, Ascension and Tristan da Cunha, South Georgia and the South Sandwich Islands, British Indian Ocean Territory, Guernsey, Isle of Man and Jersey. Zimbabwe is an unofficial user of this currency.

The currency is the oldest currency of the world still in use and it is divided into 100 units known as Penny. £ is the symbol of this currency. The inflation rate of this currency is put at 0.10%.

  • THE NIGERIAN NAIRA

The Nigerian Naira is the currency of Nigeria and the only official legal tender in the country. It was introduced on 1 January 1973. The Nigerian Naira has ₦ as it symbol and NGN as it code. It is divided into 100 kobo and available currently only as notes though coins exist in earlier years. This currency is gradually losing it value faster than expected and we only hope the Nigerian Government come to it aids. It inflation rate is now higher than 17%.

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