This is the news about Pounds to Naira rate at the official and black market exchange rate Today December 16, 2021.
Read Frank Talk Now 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, Thursday December 16th, for £1 pound to naira = ₦544.7195/£1.
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According to the data from the CBN, exchange rate between the naira and the British pounds opened at ₦544.7195/£1 on Thursday 16th, after it closed at ₦544.628 to a £1 on Wednesday, 15th December 2021.
How much is exchange rate of Pounds to Naira in Black Market today?
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The exchange rate for a pound to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦720 and sell for ₦725 on Thursday, December 16th 2021, according to sources at Bureau De Change (BDC).
Meanwhile, Nigeria’s public debt profile has risen to ₦38.005tn or $92.626bn the Debt Management Office (DMO) confirmed on Tuesday.
The DMO in a statement published on its website said the figure represents what the nation’s public debt profile will be by the end of the third quarter of 2021.
The total debt stock rose by ₦2.540tn in three months from June 30 to September 30, 2021.
Frank Talk Now understands the figures include the Total External and Domestic Debts of the Federal Government of Nigeria, thirty-six State Governments, and the Federal Capital Territory.
The statement titled ‘DMO publishes total public debt for Q3 2021’ reads in part: “In line with its practice, the Debt Management Office has published Nigeria’s Total Public Debt as at September 30, 2021. The Data which includes the Total External and Domestic Debts of the Federal Government of Nigeria, thirty-six State Governments and the Federal Capital Territory, shows that Nigeria’s Public Debt was ₦38.005tn or $92.626bn at the end of Q3 2021.”
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