Dollar to Naira Exchange Rates

Pounds To Naira Official Exchange Rate/ Black Market Rate Today 7 January 2022

Published

7 January 2022

6:55 AM

This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 7, 2022.

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

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

The official rate today, Friday January 7th, 2022, for £1 pound to naira = ₦559.7008/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦559.7008/£1 on Friday 7th, after it closed at ₦552.6748 to a £1 on Thursday, 6th January 2022.

Naija News reports that a pound is bought at the official market at N559.024 and sold for N560.3777.

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) players buy a dollar for ₦720 and sell for ₦730 on Friday, January 7th 2022, according to sources at Bureau De Change (BDC).

Meanwhile, the Nigerian stock market ended on the right note on Wednesday as the likes of Airtel, Oando and several others gained two hundred and forty-three billion Naira before the end of the day.

The stoke market on Wednesday saw all the share index increase by 1.05 per cent to close at 43,476.75 from 43,026.23 posted on Tuesday.

It was gathered that the year-to-date return rose to 1.8 per cent.

Also, the market capitalisation which opened at N23.183 trillion inched higher by N243 billion or 1.05 per cent to close at N23.426 trillion.

The market closing on a positive note was influenced by large and medium capitalised stocks, amongst which are: Airtel Africa, Seplat Energy, Ardova, Nigerian Exchange Group (NGXGroup) and Oando.