This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 16th 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, Monday, 16th May, 2022, for £1 pound to naira = ₦506.1072/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦506.1072/£1 on Monday May 16th, after it sold at ₦505.9242 to a £1 on Friday, 13th May 2022.
Naija News reports that a pound is bought at the official market at ₦504.8869 and sold for ₦507.3275.
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 ₦750 and as high as ₦760 on Monday, May 16th 2022, according to sources at Bureau De Change (BDC).
Nineteen days after the Nigeria Identity Management Commission barreď about 72 million telecommunication subscribers for failing to comply with the Federal Government’s NIN-Subscriber Identity Module policy, the agency issued 80.7 million National Identification Numbers.
The data on the portal of the agency showed that the number of NIN issued to Nigerians stands at 80.7 million as of April 23, 2022.
Following the ban, registration for NIN increased by 4.67 per cent from 77.1 million as of March 21, 2022, to 80.7 million as of April 23, 2022.
According to a breakdown of the data, about 20.56 million NINs have been issued in the North-Western part of the nation; 20.23 million in the South-West; 13.59 million in the North-Central, 9.96 million in the North-East, 9.34 million in the South-South, and 6.87 million in the South-East.