Pounds To Naira Exchange Rate Today 25th May 2022

Pounds To Naira Exchange Rate Today 25th May 2022

Welcome to Flippstack, we have compiled pounds to naira exchange rates in Nigeria today including the Black Market rates and Bureau De Change (BDC) rate for today Wednesday 25th May 2022

Daily Pound to Naira, GBP to NGN, Black Market (Lagos) exchange rates, percentage changes, historical rate charts, and currency converter.

Pounds To Naira Exchange Rate Today 25th May 2022

How Much is Pounds To Naira Exchange Rate Today Official Rate?

The official rate today, Wednesday, 25th May 2022, is for £1 pound to naira = ₦519.1411/£1

According to the data from the CBN, the exchange rate between the naira and the British pounds opened at ₦519.1411/£1 on Wednesday, May 25th, after it sold at ₦522.2134 to a £1 on Tuesday, 24th May 2022.

Flippstack reports that a pound is bought at the official market at ₦518.5159 and sold for ₦519.7663.

What is the exchange rate of Pounds to Naira in Black Market today?

The exchange rate for a pound to naira at Lagos Parallel Market (Black Market) – Pounds exchanged for as low as ₦740 and as high as ₦747 on Wednesday, May 25th, 2022, according to sources at Bureau De Change (BDC).

The Lagos Parallel Market (Black Market) players buy a pounds for ₦740 and sell at ₦760 on Wednesday, May 25th, 2022, according to data obtained from Bureau De Change (BDC).

Even though the pounds to naira opened in the parallel market at ₦740 per $1 today, Flippstack reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.