Pounds To Naira Exchange Rate/Black Market Rate Today 23 May 2022

This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 23rd 2022.

Read Naija News update on the official pounds rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

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

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

The official rate today, Monday, 23rd May, 2022, for £1 pound to naira = ₦518.0198/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦518.0198/£1 on Monday May 23rd, after it sold at ₦515.8696 to a £1 on Friday, 20th May 2022.

Naija News reports that a pound is bought at the official market at ₦517.3958 and sold for ₦518.6438.

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 exchaged for as low as ₦754 and as high as ₦760 on Saturday, May 23rd 2022, according to sources at Bureau De Change (BDC).

E-Naira: Digital Currency Will Complement, Not Eliminate Naira Notes – CBN

The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes from circulation and replace it with the digital currency, known as eNaira.

The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi, however said the digital currency would complement the naira notes.

In the statement titled ‘CBN disowns statement on withdrawal of naira notes from circulation’, Nwanisobi disclaimed the statement purported to have been made during a stakeholders’ engagement on eNaira adoption in Asaba, Delta State, on Friday.

He said the statement was misconstrued and should be disregarded.