How is the Pounds to Naira exchange rate doing today, Friday 28th January, 2022

65 views 6:27 am 0 Comments January 28, 2022

This is the news report on the Pounds to Naira exchange rate at the official and black market today Friday, 28th January, 2022 as gathered by Naija Catapult.

What is the Pounds to Naira exchange rate today?

OFFICIAL RATE:

The official exchange rate of one pounds (£1) to naira (NGN) today Friday 28th January, 2022 = NGN556.6103 per £1.

According to the data from CBN, Exchange rate between the Naira and the British pounds opened at NGN556.6103/£1 on Friday 28th January, 2022, after closing at NGN561.4101/£1 on Thursday, 27th January 2022.

BLACK MARKET:

The exchange rate of pounds to naira at the Lagos Parallel Market – Black market today, Friday 28th 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 NGN555.9408 and sold at NGN557.2799.

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.

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