This is the news of the pound to naira exchange rate at the official and black market exchange rates today, February 4, 2022.
Read Naija News Update on the official pound rates as well black market Prices, Currency Exchange (BDC) Prices and CBN prices.
How much is Pound to naira exchange rate Official course today?
The official rate today, Friday 4 February 2022, for £1 Pound to Naira = ₦566.5867/£1.
According to CBN, the exchange rate between the naira and the British pound opened at ₦566.5867/£1 on Friday 4th after closing at ₦564.5247 to £1 on Thursday 3rd February 2022.
Naija News reports that a pound is bought on the official market at ₦565,906 and sold for ₦567.2673.
What is the black market pound to naira exchange rate today?
The exchange rate for one pound to naira in Lagos Parallel Market (Black Market) Players buy a dollar for ₦740 and sell for ₦745 on Friday February 4, 2022, according to sources at Currency Exchange (BDC).
There is now a common saying that most Nigerian workers cannot be “taken home” on net wages, so most of them are usually looking for additional means to raise money to make a living financial claims.
This has probably led to the high growth rate of loan application sites, but many have been discovered to only promise and not deliver.
Others who actually lend money to their customers have become loan sharks, using unconventional means to pursue their customers who may default, as there is usually no collateral involved.
But in between all of that, Naija News reports, there are some banks that offer Central Bank of Nigeria (CBN)-approved lending services from which workers, particularly monthly wage earners, can get “payday” loans.