The official rate today, Monday, 28th March, 2022, for £1 pound to naira N548.6389/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at N548.6389/£1 on Monday 28th March, after it closed at N549.1226 to £1 on Friday, 25th March 2022.
It was gathered that the Pound is bought at the official market at N547.979 and sold for N549.2987.
The exchange rate for a pound to naira at Lagos Parallel Market (Black Market) players buy a dollar for N770 and sell for N775 on Monday, March 28th 2022, according to sources at Bureau De Change (BDC).
Meanwhile, the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N570 and sell at N585 on Friday, March 25th 2022, according to sources at Bureau De Change (BDC).
The exchange rate between the naira and the US dollar opened at N416.28/$1 on 25th March, 2022 and closed at N416.33/$1. Showing a change of 0.08 and a daily turnover of $119.64 million.
According to data from FMDQ, the forward rate went as high as N452.25 and as low as N416.08.
A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.