Pounds To Naira Exchange Rate/Black Market Rate Today 6 May 2022

By: Godwin Offor / May 6, 2022 / 754

This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 6th 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, Friday, 6th May, 2022, for £1 pound to naira = ₦515.3338/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦515.3338/£1 on Friday May 6th, after it sold at 519.3566 to a £1 on Thursday, 5th May 2022.

Naija News reports that a pound is bought at the official market at ₦514.7132 and sold for ₦515.9544.

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 ₦700 and as high as ₦766 on Friday, May 6th 2022, according to sources at Bureau De Change (BDC).

More Woes For Nigerians As FG Imposes 5% Duty On Recharge Cards

The Federal Government has imposed a five per cent excise duty on telephone recharge cards and vouchers.

Naija News reports that President Muhammadu Buhari gave the approval after signing the Finance Act 2020 presented by the Minister of Finance, budget and National Planning, Zainab Ahmed.

It is understood that recharge cards and vouchers are part of the new items on the list of goods that will be taxed in the Finance Act.

Although no rate was stated in the act, the new excise duty on recharge cards will increase call costs and add to other taxes levied on telcos operating in the country.

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