This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 10, 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, Monday January 10th, 2022, for £1 pound to naira = ₦560.4408/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦560.4408/£1 on Monday 10th, after it closed at ₦559.7008 to a £1 on Friday, 7th January 2022.
Naija News reports that a pound is bought at the official market at N559.7634 and sold for N561.1183.
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 ₦720 and sell for ₦730 on Monday, January 10th 2022, according to sources at Bureau De Change (BDC).
Meanwhile, five indigenous oil and gas companies are set to bid for Shell’s onshore oilfields before January 2022 ends.
According to documents and source privy to the process, the sales of the oilfields has been estimated to fetch up to $3 billion.
Shell met with President Muhammadu Buhari-led government in 2021 to discuss selling its stake in the onshore fields.
The company has plans to sell its onshore fields which have been active since the 1930s, as part of a global drive to reduce its carbon emissions.
According to banking sources, Shell’s stakes in 19 oil mining leases in Nigeria’s onshore oil and gas joint venture (SPDC) are valued at $2 billion to $3 billion.
The company has struggled in Nigeria for years due to the spills in the Niger Delta, pipeline theft and sabotage as well as operational issues, leading to costly repairs and high-profile lawsuits.
This article was originally published on Naija News