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According to the data obtained from the CBN website, the exchange rate between the Nigerian naira and the British Pounds opened at ₦520.8506/£1 on Sunday 8th May 2022, after it sold at ₦522.1066 to a £1 on Saturday, 7th May 2022.
How much is 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 ₦760 and as high as ₦770/₦775 on Sunday morning, May 8, 2022, according to sources at Bureau De Change (BDC).
Meanwhile, BDC players buy Pounds Sterling at the rate of ₦750/₦755 and sell to investors/ buyers at the rate of ₦760/₦770.