Pounds To Naira Exchange Rate/Black Market Rate Today 12 May 2022

This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 12th 2022.

Read Naija News update on the official pounds rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

Daily Pound to Naira, GBP to NGN, Black Market (Lagos) exchange rates, percentage changes, historical rate charts and currency converter.

How Much is Pounds To Naira Exchange Rate Today Official Rate?

The official rate today, Thursday, 12th May, 2022, for £1 pound to naira = ₦512.8543/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦512.8543/£1 on Thursday May 12th, after it sold at ₦513.1862 to a £1 on Wednesday, 11th May 2022.

Naija News reports that a pound is bought at the official market at ₦511.618 and sold for ₦514.0906.

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) – Pounds exchaged for as low as ₦730 and as high as ₦760 on Thursday, May 12th 2022, according to sources at Bureau De Change (BDC).

N1.8bn Debt: AMCON Takes Over Aeroland Travels’ Assets

The assets belonging to Aeroland Travels Limited, and its directors have been taken over by the Asset Management Corporation of Nigeria (AMCON) over indebtedness of N1.8bn.

The spokesperson of AMCON, Jude Nwauzor, disclosed this following the order of Honourable Justice D.E. Osiagor of the Federal High Court, Lagos Division.

He stated that, “It would be recalled that Justice Osiagor gave the ruling on February 7, 2022, and in compliance to the enforcement order of the court, AMCON put logistics together, and on Friday, May 6, 2022, took effective possession of the nine properties as listed by the court through its debt recovery agent – Robert Ohuoba & Co.

“The properties include those situated at Plot 4 & 4B Block 66 Magodo Scheme, Lagos State; Plot 9, Block 44c, Adetoro Adelaja Street, Magodo Lagos; No. 4C Maye Ogundana Street, Magodo Lagos; No. 10 Oluyomi Oshinkoya Street, Magodo Residential Scheme, Lagos; Plot 8, Block 66, Residential Scheme, Sangisha, Lagos; No. 2A John Olugbo Street, Ikeja, Lagos; No. 2 Fadeyi Street, off Awolowo way, Ikeja, Lagos; No. 8 Surulere Alelor Street, Millenium, Gbagada; and No. 14 Jerry Iriabe Street, off Bashorun Okunsanya, off Admiralty Road, Lekki Penisula.”