This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 21, 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 21st, 2022, for £1 pound to naira = ₦564.498/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦564.498/£1 on Friday 21st, after it closed at ₦565.5383 to a £1 on Thursday, 20th January 2022.
Naija News reports that a pound is bought at the official market at N563.8178 and sold for N565.1782.
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 Friday, January 21st 2022, according to sources at Bureau De Change (BDC).
Meanwhile, Sterling Bank shares reportedly dipped drastically in the 2021 financial year which marked a bank run for investors.
Naija News reports that the dipped dropped investors’ investment in the bank by 28.10 percent.
According to findings, Sterling Bank shares kicked off trading on January 4, 2021 at N2.10 but later sold at N1.51 at the close of business on December 31, 2021.
It was gathered that investors lost 21.50 percent of their investment in the bank in 2021.
Investors have however gained 2.61 percent this year as Sterling Bank’s equity has gone up from N1.53 on January 4 to N1.57 at the close of the market on January 18.
The lender has a low dividend payout, having paid only 21 kobo as dividend in the last five financial years.