Pounds To Naira Exchange Rate/Black Market Rate Today 31 May 2022

This is the news about the Pounds to Naira rate at the official and black market exchange rate Today May 31st 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, 31st May, 2022, for £1 pound to naira = ₦524.8145/£1.

According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦524.8145/£1 on Tuesday May 31st, after it sold at ₦523.9356 to a £1 on Monday, 30th May 2022.

Naija News reports that a pound is bought at the official market at ₦524.1823 and sold for ₦525.4467.

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 ₦738 and as high as ₦800 on Tuesday, May 31st 2022, according to sources at Bureau De Change (BDC).

Nigerians With Internet Access Grow From 38.72 Million To 80.68 Million

Data from the Nigerian Communications Commission portal has revealed the number of Nigerians with access to fast Internet has increased by 108.39% in four years.

Broadband penetration is said to increase from 38.72 million (20.28%) in March 2018 to 80.68 million (42.27%) in March 2022 and it’s measured by the number of broadband subscribers per 100 inhabitants.

According to the ‘Nigerian National Broadband Plan (2020 – 2025),’ broadband commonly refers to as high-speed Internet connection.

In the broadband plan document, President Muhammadu Buhari said: “I am told that every 10 per cent increase in broadband penetration results in about 2.6 per cent to 3.8 per cent growth in GDP.”