Pound to Naira Exchange Rate Steady Around ₦1,806 on March 23, 2026 Amid Ongoing Naira Volatility
British Pound Sterling (GBP) to Nigerian Naira (NGN) exchange rate remained relatively stable in the official and mid-market segments, trading at approximately ₦1,806 per Pound according to mid-market data from XE.com (updated early UTC on March 23). Detailed daily metrics from currency trackers show the rate opening around ₦1,805, with a high of ₦1,808 and a low of ₦1,803 during the session, settling near ₦1,806. This comes after a downward trend in March, where the GBP/NGN pair hit yearly lows near ₦1,797 mid-month, reflecting broader pressures on the Naira from economic factors including oil prices, inflation, and foreign reserve dynamics. In the official Nigerian Foreign Exchange Market (NFEM), rates align closely with these mid-market figures, while the parallel (black market) segment continues to command a premium. Street traders in key hubs like Lagos were quoting the Pound in the ₦1,875–1,900 range for buy/sell transactions as of late March 22 into 23, highlighting the pe...