Pounds To Naira Exchange Rate/Black Market Rate Today 5 May 2022

This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 5th 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, Thursday, 5th May, 2022, for £1 pound to naira = ₦519.3566/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦519.3566/£1 on Thursday May 5th, after it sold at ₦521.4786 to a £1 on Wednesday, 4th May 2022.

Naija News reports that a pound is bought at the official market at ₦518.7311 and sold for ₦519.9822.

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 ₦700 and as high as ₦765 on Thursday, May 5th 2022, according to sources at Bureau De Change (BDC).

Elon Musk, Zhao, Others Knock Warren Buffet Over Criticism Of Bitcoin

Some prominent Bitcoin investors have knocked American billionaire, Warren Buffet, over his criticism of the cryptocurrency.

Naija News reports that the founder of Berkshire Hathaway criticised Bitcoin during his company’s annual shareholder’s meeting at the weekend.

Speaking at the meeting, Buffet said he wouldn’t buy all the bitcoin in circulation for $25, adding that the cryptocurrency doesn’t produce anything beyond magic.

Defending his stand on bitcoin, the billionaire stated he would write a cheque of $25 billion to own 1% of farmland in the United States, but not a penny for BTC.

This article was originally published on Nigeria News