Tag: Lagos** 3. **Parallel Market Currency Fluctuations** 4. **Central Bank of Nigeria (CBN) Policy Impact** 5. **Bureau De Change (BDC) Operations** 6. **Naira Depreciation

Black Market Pound to Naira Rate Drops Sharply Today

The black market exchange rate for the British pound to the Nigerian naira dropped sharply today, falling from around ₦1,200 to ₦1,150 per £1, according to multiple foreign exchange traders in Lagos. The decline...