The black market rate for Pounds to Naira conversion is 1,990.55 NGN for 1 GBP, as at Today, January 23rd, 2025, 04:46 PM.
When you convert the British Pounds to Nigerian Naira, you get 1,990.55 NGN, using the rate of 0.00050 GBP for 1 NGN. *This rate is the black market average from various sources outside the CBN.
You can use the currency converter above to check GBP rates and it's NGN equivalent. See also our USDT to Naira converter.
Last 7 days, the British Pounds was traded for 1,981.55 NGN, yesterday it went for 1,989.05 NGN, and today it averages 1,990.55 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 1 Pounds against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Thursday, 23rd January 2025 | £1 = 1,990.55 Naira |
| Wednesday, 22nd January 2025 | £1 = 1,989.05 Naira |
| Tuesday, 21st January 2025 | £1 = 1,987.55 Naira |
| Monday, 20th January 2025 | £1 = 1,986.05 Naira |
| Sunday, 19th January 2025 | £1 = 1,984.55 Naira |
| Saturday, 18th January 2025 | £1 = 1,983.05 Naira |
| Friday, 17th January 2025 | £1 = 1,981.55 Naira |
| British Pounds | Black Market Rate in Naira |
|---|---|
| 1 Pounds (GBP) to Naira | 1,990.55 |
| 10 Pounds (GBP) to Naira | 19,905.5 |
| 20 Pounds (GBP) to Naira | 39,811 |
| 30 Pounds (GBP) to Naira | 59,716.5 |
| 40 Pounds (GBP) to Naira | 79,622 |
| 50 Pounds (GBP) to Naira | 99,527.5 |
| 60 Pounds (GBP) to Naira | 119,433 |
| 70 Pounds (GBP) to Naira | 139,338.5 |
| 80 Pounds (GBP) to Naira | 159,244 |
| 90 Pounds (GBP) to Naira | 179,149.5 |
| 100 Pounds (GBP) to Naira | 199,055 |
| 200 Pounds (GBP) to Naira | 398,110 |
| 300 Pounds (GBP) to Naira | 597,165 |
| 500 Pounds (GBP) to Naira | 995,275 |
| 700 Pounds (GBP) to Naira | 1,393,385 |
| 1,000 Pounds (GBP) to Naira | 1,990,550 |
| 1,500 Pounds (GBP) to Naira | 2,985,825 |
| 2,000 Pounds (GBP) to Naira | 3,981,100 |
| 3,000 Pounds (GBP) to Naira | 5,971,650 |
| 5,000 Pounds (GBP) to Naira | 9,952,750 |
| 10,000 Pounds (GBP) to Naira | 19,905,500 |
| Amount (Nigerian Naira) | GBP Equivalent |
|---|---|
| 1 NGN | 0.001 GBP |
| 100 NGN | 0.05 GBP |
| 1,000 NGN | 0.502 GBP |
| 10,000 NGN | 5.024 GBP |
| 15,000 NGN | 7.536 GBP |
| 20,000 NGN | 10.047 GBP |
| 50,000 NGN | 25.119 GBP |
| 60,000 NGN | 30.142 GBP |
| 70,000 NGN | 35.166 GBP |
| 100,000 NGN | 50.237 GBP |
| 150,000 NGN | 75.356 GBP |
| 250,000 NGN | 125.593 GBP |
| 300,000 NGN | 150.712 GBP |
| 500,000 NGN | 251.187 GBP |
| 700,000 NGN | 351.662 GBP |
| 1,000,000 NGN | 502.374 GBP |
| 2,000,000 NGN | 1,004.747 GBP |
The British Pound Sterling (£) is the official currency of the United Kingdom and is highly valued around the world. In Nigeria, people often turn to the black market to trade Pounds due to strict government controls on foreign exchange, resulting in much higher unofficial exchange rates as they try to get foreign currency more easily.
The Nigerian Naira (NGN) is the official currency of Nigeria, issued and regulated by the Central Bank of Nigeria. It is subdivided into 100 kobo and is symbolized by ₦.