This is the news about Pounds to Naira rate at the official and black market exchange rate Today December 17, 2021.
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, Friday December 17th, for £1 pound to naira = ₦549.3456/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦549.3456/£1 on Friday 17th, after it closed at ₦544.7195 to a £1 on Thursday, 16th December 2021.
Naija News reports that a pound is bought at the official at N548.0087 and sold for N550.6825.
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 ₦715 and sell for ₦720 on Friday, December 17th 2021, according to sources at Bureau De Change (BDC).
Meanwhile, billionaire businessman Femi Otedola has said that he has no plan to become the chairman of First Bank Nigeria Holdings Plc.
Naija News reports that FBN Holdings is the parent company of First Bank of Nigeria (FBN).
Recall that Otedola had acquired an additional 2.5 percent in the company, making him the single largest shareholder in the financial organisation.
It was gathered that Otedola’s stake has now risen over that of Tunde Hassan-Odukale, another shareholder.
Speaking with reporters on Wednesday in Lagos, Otedola said being the single largest shareholder in the company doesn’t mean he must necessarily hold a position in the bank.