Here is the news on the exchange rate between the British pound and the naira at the official and black market exchange rate today May 17, 2022.
Lily Naija News update on official book rates as well as Black market rates, Bureau de change (BDC) rate and CBN rate.
Daily Pound to Naira, GBP to NGN, Black Market (Lagos) exchange ratepercentage changes, historical rate charts and currency converter.
How much costs Pounds To Naira Exchange Rate Official rate today?
The official rate today, Tuesday 17 May 2022, for 1 British Pound in Naira = ₦508.8889/£1.
According to CBN data, the exchange rate between the naira and the pound opened at ₦508.8889/£1 on Tuesday, May 17, after its sale at ₦506.1072 at £1 on Monday, May 16, 2022.
Naija News reports that a pound is bought at the official market at ₦508.2761 and sold for ₦509.5016.
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) – Books exchanged for as little as ₦710 and as high as ₦750 on Tuesday, May 17, 2022, according to sources at Bureau de change (BDC).
The cost of container clearance has increased by 67%, which has led to an increase in the prices of spare parts for vehicles.
A freight forwarder in an interview with Punch revealed he used to pay N600,000 to clear a 40ft container loaded with used vehicle spares, but is now paying over N1 million for the same mail.
A member of the National Association of Government Licensed Freight Forwarders, Ugochukwu Nnadi, claimed that the Nigeria Customs Service is inflicting incalculable hardship on Nigerians with the high cost of clearing the shipment, rather than generating revenue for the federal government.