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Tag: Pound-Naira Exchange Rate

Pound falls more than 1% after BoE move
Finance

Naira holds steady against dollar, pound

The Naira maintained a steady position against the United States Dollar in the early hours of Monday, January 19, 2026, as the market opened for the new week. This stability follows a period of consolidation in the foreign exchange market, supported by improved external reserves and recent monetary policy adjustments. At the Nigerian Foreign Exchange […]

Pound falls more than 1% after BoE move
Finance

Pound trades near ₦1,918 as naira stabilises against dollar

The British Pound recorded a marginal gain in the Nigerian Foreign Exchange Market on Tuesday, January 13, 2026, as the naira continued to trade within a band of moderate volatility. Data from the Nigerian Foreign Exchange Market showed that the official exchange rate for the Pound Sterling opened at ₦1,901.49 and later traded at a […]

featured Finance

Pound rises against naira in official, parallel FX markets

The British Pound Sterling started the week trading at strong levels against the Nigerian Naira, reflecting persistent demand for the United Kingdom currency in both the official and parallel foreign exchange markets on Monday, December 8, 2025. In the Nigerian Foreign Exchange Market, the official indicative rate for one Pound Sterling was recorded at approximately […]

Finance

Naira gains 6.68% against pound year-on-year after FX reforms

The British Pound Sterling recorded marginal movements against the Nigerian Naira on Thursday, December 4, 2025, reflecting a continued trend of convergence between the official and parallel market rates. According to real-time data from the Nigerian Foreign Exchange Market, the official exchange rate for the Pound is currently trading at approximately ₦1,930.87 to the pound. […]

featured Finance

Pound trades near ₦1,930 in parallel market

The British pound traded at around ₦1,930 in Nigeria’s parallel market on Wednesday while inter-bank rates hovered near the ₦1,900 mark, reflecting persistent dual-tier currency trading for the pound. The Parallel (street) rate was quoted at ₦1,898 for buy and ₦1,930 for sell per £1, according to the latest Abokifx bulletin in Lagos. The Mid-market […]

featured Finance

British pound trades high, official rate nears ₦1,900

The British pound is trading for approximately ₦1,880 to ₦1,900 in Nigeria’s formal foreign exchange channels on Monday, November 17, 2025. Meanwhile, the informal or parallel market quotes are hovering slightly higher at around ₦1,900 to ₦1,920 per £1. The rate reflects a continuity of recent trends in the Central Bank of Nigeria’s foreign-exchange policy […]

featured Finance

Pound nears ₦1,900 mark amid narrowing FX divergence

The British pound traded at approximately ₦1,895 against the Nigerian naira in official markets on Thursday, November 13, 2025. This figure reflected the ongoing market dynamics as participants assessed the demand for foreign currency. In comparison, dealers in the parallel, or street, market quoted prices ranging between ₦1,900 and ₦1,930 per £1, which signaled a […]

Pound falls more than 1% after BoE move
Finance

Pound sterling trades above ₦2,000/£ in FX market

The British pound sterling traded at approximately ₦2,065.96 to £1 in the Nigerian market, according to current online currency conversion services. On the parallel (street/black) market, reported quotes for £1 ranged around ₦2,000 to ₦2,100, reflecting the often higher premiums in informal FX channels. The figure of roughly ₦2,065.96 per £1 represents the market conversion […]

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