What the markets say on the Pound to Naira exchange rate today, Thursday 6th January, 2022

75 views 7:48 pm 0 Comments January 6, 2022

This is the news report on the Pound to Naira exchange rate at the official and black market today Thursday, 6th January, 2022 as gathered by Naija Catapult.

What is the Pound to Naira exchange rate today?

OFFICIAL RATE:

The official exchange rate of one pound (£1) to naira (NGN) today Thursday 6th January, 2022 = NGN559.76/£1.

According to the data from CBN, Exchange rate between the British pound opened at NGN552.6748/£1 on Thursday 6th January, 2022. after closing at NGN557.325/£1 on Wednesday, 5th January 2022.

BLACK MARKET:

The exchange rate of pound to naira at the Lagos Parallel Market – Black market today, Thursday 6th January, 2022, traders buy a pound (£1) at NGN720 and sell at NGN730, according to sources at the Bureau De Change (BDC).

It is important to note that; The Central Bank of Nigeria (CBN) does not in any way recognize the Parallel market Known popularly as Black market, as it has directed individuals who want to engage in Forex to approach their banks respectively.

Read Naija Catapult updates on the official Pound to Naira rates, Black market rates and Bureau De Change (BDC) rates on Mondays to Fridays daily.

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