How is the Pounds to Naira exchange rate doing today, Wednesday 9th February, 2022

70 views 10:28 am 0 Comments February 9, 2022

This is the news report on the Pounds to Naira exchange rate at the official and black market today Wednesday 9th February, 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 Wednesday 9th February,, 2022 = NGN564.7379 per £1

According to the data from CBN, Exchange rate between the Naira and the British pounds opened at NGN564.7379/£1 on Wednesday 9th February, 2022, after closing at NGN562.7591/£1 on Tuesday, 4th February 2022.

BLACK MARKET:

The exchange rate of pounds to naira at the Lagos Parallel Market – Black market today, Wednesday 9th February, 2022, traders buy a pounds (£1) at NGN740 and sell at NGN750 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 NGN564.0604 and sold at NGN565.4155.

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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