Pounds To Naira Exchange Rate Today 17th May 2022

Pounds To Naira Exchange Rate Today 17th 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 17th 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 17th May 2022

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

The official rate today, Tuesday, 17th May 2022, is for £1 pound to naira = ₦508.8889/£1.

According to the data from the CBN, the exchange rate between the naira and the British pounds opened at ₦508.8889/£1 on Tuesday, May 17th, after it sold at ₦506.1072 to a £1 on Monday, 16th May 2022.

Flippstack reports that a pound is bought at the official market at ₦508.2761 and sold for ₦509.5016.

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 ₦710 and as high as ₦750 on Tuesday, May 17th, 2022, according to sources at Bureau De Change (BDC).

The Lagos Parallel Market (Black Market) players buy a pounds for ₦750 and sell at ₦885 on Tuesday, May 17th, 2022, according to data obtained from Bureau De Change (BDC).

A freight forwarder in an interview with Punch disclosed that they pay N600, 000 to clear a 40-foot container loaded with used vehicles’ spare parts, but now pay over N1 million for the same consignment.

A member of the National Association of Government Approved Freight Forwarders, Ugochukwu Nnadi, claimed that the Nigeria Customs Service is inflicting untold hardship on Nigerians with the high cost of clearing the consignment, rather than generating revenue for the federal government.