Pounds To Naira Exchange Rate Today 31st May 2022

Pounds To Naira Exchange Rate Today 31st 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 Tuesday 31st 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 31st May 2022

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

The official rate today, Tuesday, 31st May 2022, is for £1 pound to naira = ₦524.8145/£1

According to the data from the CBN, the exchange rate between the naira and the British pounds opened at ₦524.8145/£1 on Tuesday, May 31st, after it sold at ₦523.9356 to a £1 on Monday, 30th May 2022.

Flippstack reports that a pound is bought at the official market at ₦524.1823 and sold for ₦525.4467.

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 ₦738 and as high as ₦800 on Tuesday, May 31st, 2022, according to sources at Bureau De Change (BDC).

The Lagos Parallel Market (Black Market) players buy a pounds for ₦745 and sell at ₦760 on Tuesday, May 31st, 2022, according to data obtained from Bureau De Change (BDC).

Pounds to Naira (GBP to NGN)	Black Market Exchange Rate Today
Buying Rate	745
Selling Rate	760

Even though the pounds to naira opened in the parallel market at ₦745 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.