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How Much is Pounds to Naira

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How Much is Pounds to Naira: Do you want to know the current exchange rate for pounds to naira? Anyone who plans to convert pounds to naira may find this to be a very serious matter. Here, we shall learn how much the exchange rate is between pounds and naira.

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How Much is Pounds to Naira

Pounds to Naira (Black Market Rate) | How Much is Pounds to Naira

At a selling rate, Pounds exchanges to naira in the black market at 1270 naira and 1255 naira at a buying rate.

Pounds to Naira (CBN Rate)

At a bank rate, 904 naira is the selling rate of one pound and 903 naira is the buying rate.

Factors that Drives the Exchange Rate of Pounds to Naira

1. Economic Forces: These forces can affect the exchange rate of pounds to naira.

2. Inflation Rate: When inflation occurs, the affected currency of the country suffers and this makes people opt for a more preferable and stable currency.

3. Global Factors: When there is changes in the prices of goods of export like oil in Nigeria, this can affects her earnings and the rate of exchange of pounds.

If you have any questions concerning Pounds-to-Naira, please feel free to use the comment box below and ask us your question. We will be very pleased to answer you.

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