This is the news report on the Pounds to Naira exchange rate at the official and black market today Tuesday, 25th January, 2022 as gathered by Naija Catapult.
What is the Pounds to Naira exchange rate today?
The official exchange rate of one pounds (£1) to naira (NGN) today Tuesday 25th January, 2022 = NGN560.0239 per £1.
According to the data from CBN, Exchange rate between the Naira and the British pounds opened at NGN560.0239/£1 on Tuesday 25th January, 2022, after closing at NGN562.6977/£1 on Monday, 24th January 2022.
The exchange rate of pounds to naira at the Lagos Parallel Market – Black market today, Tuesday 25th January, 2022, traders buy a pounds (£1) at NGN740 and sell at NGN745, 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.
Accordingly, Official market rate bought a pounds for NGN559.3494 and sold at NGN560.6984.
Read Naija Catapult updates on the official Pounds to Naira rates, Black market rates and Bureau De Change (BDC) rates on Mondays to Fridays daily.