Pounds To Naira Exchange Rate/Black Market Rate Today 8 March 2022

This is the news about the Pounds to Naira rate at the official and black market exchange rate Today March 8 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, 8th March, 2022, for £1 pound to naira = ₦547.9108/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦547.9108/£1 on Tuesday 8th March, after it closed at ₦552.4752 to a £1 on Monday, 7th March 2022.

Naija News reports that a pound is bought at the official market at ₦547.252 and sold for ₦548.5696.

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 ₦760 and sell for ₦765 on Tuesday, March 8th 2022, according to sources at Bureau De Change (BDC).

UBA’s Profit Rose To ₦153bn In 2021

The United Bank for Africa (UBA) on Monday disclosed that its profit rose to ₦153bn at the end of 2021.

UBA disclosed this in a statement titled, ‘UBA delivers N153bn profit, records 11 per cent balance sheet growth’.

The statement reads, “Despite the huge challenging business and slow economic recovery in most of its countries of operations, UBA’s profit before tax was impressive with a 20.3 per cent growth to N153.1bn, compared to N127.3bn at the end of the 2020 financial year; while profit after tax rose grew by 8.7 per cent to N118.7bn in 2021, compared to N109.2bn recorded the previous year.

“Similarly, net loans grew by 7.7 per cent growth to N2.8tn, while customer deposits rose by 12.2 per cent to N6.4tn, compared to N5.7tn in the corresponding period of 2020, reflecting increased customer confidence, enhanced customer experience, successes from the ongoing business transformation programme and the deepening of its retail banking franchise”