This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 24, 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 24th, 2022, for £1 pound to naira = ₦562.6977/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦562.6977/£1 on Monday 24th, after it closed at ₦564.498 to a £1 on Friday, 21st January 2022.
Naija News reports that a pound is bought at the official market at N562.0198 and sold for N563.3756.
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 ₦732 and sell for ₦740 on Monday, January 24th 2022, according to sources at Bureau De Change (BDC).
Meanwhile, the long-awaited Dangote oil refinery is set to begin the production of petroleum products in the third quarter of this year.
The refinery’s mechanical work is complete, and by the end of the third quarter, we should be in the market, Aliko Dangote, Africa’s richest man, said during a briefing at the plant’s site in Lagos.
Dangote stated that the plant will initially process 540,000 barrels per day. “Full production can start maybe, by the end of the year or beginning of 2023,” he said.
The facility, which is expected to cost $19 billion to construct, will have an installed capacity of 650,000 barrels per day. Its output will more than meet Nigeria’s fuel requirements and will transform Africa’s largest crude producer into a refined crude exporter.
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