How is the Pounds to Naira exchange rate doing today, Friday 11th February, 2022

57 views 8:54 pm 0 Comments February 11, 2022

This is the news report on the Pounds to Naira exchange rate at the official and black market today Friday 11th 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 = NGN566.0494 per £1.

According to the data from CBN, Exchange rate between the Naira and the British pounds opened at NGN566.0494/£1 on Friday 11th February, 2022, after closing at NGN566.2345/£1 on Thursday, 10th February 2022.

BLACK MARKET:

The exchange rate of pounds to naira at the Lagos Parallel Market – Black market today, Friday 11th February, 2022, traders buy a pounds (£1) at NGN750 and sell at NGN760 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 NGN565.3707 and sold at NGN566.7281.

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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