This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 18, 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, Tuesday January 18th, 2022, for £1 pound to naira = ₦566.3728/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦566.3728/£1 on Tuesday 18th, after it closed at ₦568.613 to a £1 on Monday, 17th January 2022.
Naija News reports that a pound is bought at the official market at N565.6896 and sold for N567.056.
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 ₦730 and sell for ₦740 on Tuesday, January 18th 2022, according to sources at Bureau De Change (BDC).
Meanwhile, the inflation rate in Nigeria has increased to 15.63% according to the latest data released on Monday by the National Bureau of Statistics (NBS) based on the Consumer Price Index (CPI).
According to the bureau, the figure which stood at 15.40% previously as of November 2021, increased by 0.23% to now stand at 15.63% for December 2021.
According to the NBS report, the CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living.
The construction of the CPI combines economic theory, sampling, and other statistical techniques using data from other surveys to produce a weighted measure of average price changes in the Nigerian economy.