This is the news about the Pounds to Naira rate at the official and black market exchange rate Today April 25 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, 25th April, 2022, for £1 pound to naira = ₦535.2872/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦535.2872/£1 on Monday 25th April, after it sold at ₦541.7085 to a £1 on Friday, 22nd April 2022.
Naija News reports that a pound is bought at the official market at ₦533.9976 and sold for ₦536.5768.
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 ₦755 and as high as ₦771 on Monday, April 25th 2022, according to sources at Bureau De Change (BDC).
Dangote Refinery Will Reduce Import Bill By 40% – CBN Governor
Godwin Emefiele, the Governor of the Central Bank of Nigeria, has announced that the Dangote’s refinery will reduce the country’s import bill on petroleum and other commodities by 40 percent
Emefiele disclosed this during an interview at the International Monetary Fund meeting in Washington DC, United States on Thursday.
He explained that the refinery would be producing about 650,000 barrel per day which would consequently reduce the demand for foreign exchange.
This article was originally published on Nigeria News