June 16, 2026
The Nigerian naira traded mixed against the British pound sterling on Tuesday, June 16, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
At the official market, the pound exchanged at approximately ₦1,849.50/£1, based on prevailing cross-currency rates derived from the Central Bank of Nigeria’s foreign exchange data and international currency market movements.
Meanwhile, in the parallel market, also known as the black market, the British pound traded at around ₦1,900 for buying and ₦1,930 for selling, reflecting continued demand for foreign currencies among importers, travelers and other end users.
Currency traders said the pound remained one of the most sought-after foreign currencies in Nigeria due to strong demand for overseas school fees, medical expenses, business transactions and travel-related payments.
