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Dollar to Naira Exchange Rates

Pounds To Naira Official Exchange Rate/Black Market Rate Today 28 January 2022

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This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 28, 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 28th, 2022, for £1 pound to naira = ₦556.6103/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦556.6103/£1 on Friday 28th, after it closed at ₦561.4101 to a £1 on Thursday, 27th January 2022.

Naija News reports that a pound is bought at the official market at N555.9408 and sold for N557.2799.

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 ₦740 and sell for ₦745 on Friday, January 28th 2022, according to sources at Bureau De Change (BDC).

Meanwhile, the economy of Nigeria is expected to increase by 2.7 percent in 2022 and 2023, the International Monetary Fund has projected.

IMF made the prediction in its January World Economic Outlook released in Washington on Tuesday. It tilted the outlook “Rising Caseloads, a Disrupted Recovery, and Higher Inflation”.

The institution, however, projects Sub-Saharan Africa’s growth to be 3.7 per cent in 2022 and 4.0 per cent in 2023, saying that this represents 0.1 percentage points lower than the 3.6 percent and 3.9 percent forecast made in its October 2021 report.

Similarly, the IMF reduced its global economic forecast to 4.4 percent in 2023, representing 0.5 percentage points lower than the 4.9 percent projected in 2022 in the October report.

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