Here is the news on the exchange rate between the British pound and the naira at the official and black market exchange rate today March 18, 2022.
Read Naija News update on official book rates as well as Black market rates, Bureau de change (BDC) rate and CBN rate.
How much costs Pounds To Naira Exchange Rate Official rate today?
The official rate today, Friday 18th March 2022, for 1 British Pound in Naira = ₦546.103/£1.
According to CBN data, the exchange rate between the naira and the pound opened at ₦546.103/£1 Friday, March 18, after closing at ₦544.6056 at £1 on Thursday, March 17, 2022.
Naija News reports that a pound is bought at the official market in ₦545.4465 and sold for ₦546.7595.
What is the exchange rate for Pounds to Naira on the black market today?
The exchange rate of the pound to naira in Lagos Parallel market (black market) players buy a dollar for ₦770 and sell for ₦783 on Friday, March 18, 2022, according to sources at Bureau de change (BDC).
NUPENG cries out as cooking gas price rises again
the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) disapproved of the recent rise in the price of liquefied petroleum gas better known as cooking gas.
NUPENG, in a statement obtained by Naija News today, instructed the Federal Government to review its gas expansion program and involve all stakeholders in the process to deal with the outrageous price for retailers.
Naija News observed that the cost of commodities has increased over the past few weeks and citizens are expressing their displeasure with the events.
The government has been instructed to intervene given the current energy crisis in Nigeria, characterized by dwindling electricity supply and a shortage of gasoline.
NUPENG LPG Retail Branch Chairman Chika Umudu said, “The Branch Union denounces the return of LPG price hikes which led to an increase of up to N1,000 for the size of 12.5 kg or 80 N per 1 kg in the last two weeks throughout the country.