Pounds To Naira Official Exchange Rate/ Black Market Rate Today 20 January 2022

This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 20, 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, Thursday January 20th, 2022, for £1 pound to naira = ₦565.5383/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦565.5383/£1 on Thursday 20th, after it closed at ₦564.0756 to a £1 on Wednesday, 19th January 2022.

Naija News reports that a pound is bought at the official market at N564.8566 and sold for N566.22.

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 Thursday, January 20th 2022, according to sources at Bureau De Change (BDC).

Meanwhile, the import bill of Nigeria from January to September 2021 has risen from $4.29bn to $8.92bn in the same period of 2020.

An economist, Dr Biodun Adedipe, revealed this while presenting the report titled ‘National economic outlook: Implications for businesses’.

The report was presented during an event organised by the Chartered Institute of Bankers of Nigeria in Lagos on Tuesday.

Adedipe while reacting to Nigeria’s external sector and dwindling capacity to extinguish foreign obligations, said, “Monthly import bill of N3.66bn (or $8.92bn) in Q1-Q3 2021 more than doubled $4.29bn in 2020.”

He further stated that security challenges in the country has hindered Nigeria from being an highly attractive investment destination.

Adedipe noted that BAA projected 3.23 per cent economic growth for 2022; the Federal Government and the National Bureau of Statistics projected 4.2 per cent; the International Monetary Fund projected 2.7 per cent; while the World Bank projected 2.5 per cent.