Pounds To Naira Black Market Exchange Rate Today – 8th March 2024

Pounds To Naira Black Market Exchange Rate Today – 8th March 2024

Curious about the current exchange rate for pounds to naira in the black market? Here’s the latest update:

At the Lagos Parallel Market (Black Market), players are buying a pound for N2040 and selling at N2060 as of Thursday, 7th March 2024, according to reliable sources at Bureau De Change (BDC)……READ ALSO Pounds To Naira Black Market Exchange Rate Update: 6th March 2024 

It’s essential to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and advises individuals interested in Forex transactions to approach their respective banks.

Pounds to Naira Black Market Rate Today

• Buying Rate: N2040
• Selling Rate: N2060

Please bear in mind that the rates for buying or selling forex may vary from those stated in this article due to market fluctuations.

Binance To Leave Nigerian Market, End Services In Naira

Cryptocurrency giant Binance Holdings Ltd has announced its decision to exit the Nigerian market and discontinue all services for the naira.

In a blog post on its website, the cryptocurrency company stated that it would automatically convert naira balances to USDT starting from March 8 at 8:00 a.m. UTC. Additionally, it will cease support for NGN deposits after 14:00 UTC on the same day.

Withdrawals will no longer be supported after March 8 at 6:00 a.m. UTC, with an automatic conversion rate of 1 USDT per 1,515.13 naira.

Furthermore, Binance disclosed that all spot trading pairs against the naira will be delisted on March 7 at 3:00 a.m. UTC, and open spot orders for these pairs will be automatically closed.