This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 10th 2022.
Read Naija News update on the official pounds rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
Daily Pound to Naira, GBP to NGN, Black Market (Lagos) exchange rates, percentage changes, historical rate charts and currency converter.
How Much is Pounds To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday, 10th May, 2022, for £1 pound to naira = ₦513.1862/£1.
According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦513.1862/£1 on Tuesday May 10th, after it sold at ₦512.7294 to a £1 on Monday, 9th May 2022.
Naija News reports that a pound is bought at the official market at ₦511.9491 and sold for ₦514.4233.
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) – Pounds exchaged for as low as ₦730 and as high as ₦745 on Tuesday, May 10th 2022, according to sources at Bureau De Change (BDC).
15% Customs Levy On Imported Cars Will Make Nigerians Poorer – Reports
Major stakeholders in the automotive industry have described as unbearable and an act of cruelty, the latest 15% levy on imported cars by the Nigeria Customs Service.
Recently, the Nigeria’s maritime industry boycotted the long time 2% levy on car importation by the Nigeria Automotive Company, to introduce a controversial 15% pay from dealers.
The development did not settle well with vehicle importers and agents who in their submissions believed introducing the 15% NAC levy was illegal and contravened financial acts, Naija News reports.
They recalled that the NAC levy was just 2% when it was introduced in the guise of boosting indigenous car manufacturing.