How is the Pounds to Naira exchange rate doing today, Monday 21st February, 2022

138 views 6:23 pm 0 Comments February 21, 2022

This is the news report on the Pounds to Naira exchange rate at the official and black market today Monday 21st 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 Monday 21st February,, 2022 = NGN566.4565 per £1.

According to the data from CBN, Exchange rate between the Naira and the British pounds opened at NGN566.4565/£1 on Monday 31st February, 2022, after closing at NGN565.9991/£1 on Friday, 18th February 2022.

BLACK MARKET:

The exchange rate of pounds to naira at the Lagos Parallel Market – Black market today, Monday 21st 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 NGN565.7755 and sold at NGN567.1376.

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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