Pounds To Naira Exchange Rate/Black Market Rate Today 9 May 2022

This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 9th 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, 9th May, 2022, for £1 pound to naira = ₦512.7294/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦512.7294/£1 on Monday May 9th, after it sold at ₦515.3338 to a £1 on Friday, 6th May 2022.

Naija News reports that a pound is bought at the official market at ₦512.1121 and sold for ₦513.3467.

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 ₦760 on Monday, May 9th 2022, according to sources at Bureau De Change (BDC).

Nigeria’s Oil Reserve Increases To 37.04bn Barrels In One Year – NUPRC

According to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the country’s oil reserve has increased a bit between a year to the present time.

The commission confirmed this in a report obtained by Naija News over the weekend.

As revealed in the report, Nigeria’s oil reserve recorded an increase of 0.37 per cent to hit 37.046 billion barrels from 36.910 billion barrels in the previous year.

While stating its intention to commence implementation of strategic actions and initiatives aimed at increasing the nation’s crude oil and gas reserves and production, the commission confirmed that Nigeria’s natural gas reserves also appreciated by 1.01 per cent to 208.62 trillion cubic feet from 206.53TCF reported a year ago.

This article was originally published on Nigeria News