March 17, 2026: GBP to NGN Official vs Black Market Rates

Today, the British Pound trades between ₦1,890 and ₦1,910 in the official market. The parallel market rates range from ₦1,930 (buying) to ₦1,960 (selling). Monetary policies by the CBN and improved FX inflows are supporting Naira stability. High domestic interest rates also attract foreign funds. Demand for the Pound remains steady for trade, education fees, and travel. The moderate gap between official and parallel rates points to balanced supply and demand. Expect gradual movements as the market reacts to inflation data and global FX trends.

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