The black market rate for 116 Pounds to Naira is 245,093.5 NGN as of today, 09:47 AM WAT.
When you convert 116 British Pounds to NGN, you get 245,093.5 Nigerian Naira, using the rate of 0.000473 GBP for 1 NGN. This is the parallel market rate obtained using the black market average from 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 rates.
| Currency Conversion | Black Market Rate in Naira |
|---|---|
| 116 British Pounds to Naira | 245,093.5 |
| 116 Dollars to Naira | 202,633.44 |
| 116 Tether USD to Naira | 202,153.2 |
| 116 Euros to Naira | 208,062.24 |
Last 7 days, 116 GBP was traded for 245,084.5 NGN, yesterday it went for 245,092 NGN, and today it averages 245,093.5 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 116 British Pounds against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Tuesday, 19th November 2024 | £116 = 245,093.5 Naira |
| Monday, 18th November 2024 | £116 = 245,092 Naira |
| Sunday, 17th November 2024 | £116 = 245,090.5 Naira |
| Saturday, 16th November 2024 | £116 = 245,089 Naira |
| Friday, 15th November 2024 | £116 = 245,087.5 Naira |
| Thursday, 14th November 2024 | £116 = 245,086 Naira |
| Wednesday, 13th November 2024 | £116 = 245,084.5 Naira |
| Amount in GBP | Naira Equivalent (NGN) |
|---|---|
| 1 Pounds (GBP) to Naira | 2,112.875 |
| 10 Pounds (GBP) to Naira | 21,128.75 |
| 20 Pounds (GBP) to Naira | 42,257.5 |
| 30 Pounds (GBP) to Naira | 63,386.25 |
| 40 Pounds (GBP) to Naira | 84,515 |
| 50 Pounds (GBP) to Naira | 105,643.75 |
| 60 Pounds (GBP) to Naira | 126,772.5 |
| 70 Pounds (GBP) to Naira | 147,901.25 |
| 80 Pounds (GBP) to Naira | 169,030 |
| 90 Pounds (GBP) to Naira | 190,158.75 |
| 100 Pounds (GBP) to Naira | 211,287.5 |
| 200 Pounds (GBP) to Naira | 422,575 |
| 300 Pounds (GBP) to Naira | 633,862.5 |
| 500 Pounds (GBP) to Naira | 1,056,437.5 |
| 700 Pounds (GBP) to Naira | 1,479,012.5 |
| 1,000 Pounds (GBP) to Naira | 2,112,875 |
| 1,500 Pounds (GBP) to Naira | 3,169,312.5 |
| 2,000 Pounds (GBP) to Naira | 4,225,750 |
| 3,000 Pounds (GBP) to Naira | 6,338,625 |
| 5,000 Pounds (GBP) to Naira | 10,564,375 |
| 10,000 Pounds (GBP) to Naira | 21,128,750 |
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 ₦.