The black market rate for 118 Pounds to Naira is 257,032.438 NGN as of today, 12:16 AM WAT.
When you convert 118 British Pounds to NGN, you get 257,032.438 Nigerian Naira, using the rate of 0.000459 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 |
|---|---|
| 118 British Pounds to Naira | 257,032.438 |
| 118 Dollars to Naira | 197,425.8 |
| 118 Tether USD to Naira | 194,754.28 |
| 118 Euros to Naira | 216,022.6 |
Last 7 days, 118 GBP was traded for 257,023.438 NGN, yesterday it went for 257,030.938 NGN, and today it averages 257,032.438 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 118 British Pounds against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Friday, 20th September 2024 | £118 = 257,032.438 Naira |
| Thursday, 19th September 2024 | £118 = 257,030.938 Naira |
| Wednesday, 18th September 2024 | £118 = 257,029.438 Naira |
| Tuesday, 17th September 2024 | £118 = 257,027.938 Naira |
| Monday, 16th September 2024 | £118 = 257,026.438 Naira |
| Sunday, 15th September 2024 | £118 = 257,024.938 Naira |
| Saturday, 14th September 2024 | £118 = 257,023.438 Naira |
| Amount in GBP | Naira Equivalent (NGN) |
|---|---|
| 1 Pounds (GBP) to Naira | 2,178.241 |
| 10 Pounds (GBP) to Naira | 21,782.41 |
| 20 Pounds (GBP) to Naira | 43,564.82 |
| 30 Pounds (GBP) to Naira | 65,347.23 |
| 40 Pounds (GBP) to Naira | 87,129.64 |
| 50 Pounds (GBP) to Naira | 108,912.05 |
| 60 Pounds (GBP) to Naira | 130,694.46 |
| 70 Pounds (GBP) to Naira | 152,476.87 |
| 80 Pounds (GBP) to Naira | 174,259.28 |
| 90 Pounds (GBP) to Naira | 196,041.69 |
| 100 Pounds (GBP) to Naira | 217,824.1 |
| 200 Pounds (GBP) to Naira | 435,648.2 |
| 300 Pounds (GBP) to Naira | 653,472.3 |
| 500 Pounds (GBP) to Naira | 1,089,120.5 |
| 700 Pounds (GBP) to Naira | 1,524,768.7 |
| 1,000 Pounds (GBP) to Naira | 2,178,241 |
| 1,500 Pounds (GBP) to Naira | 3,267,361.5 |
| 2,000 Pounds (GBP) to Naira | 4,356,482 |
| 3,000 Pounds (GBP) to Naira | 6,534,723 |
| 5,000 Pounds (GBP) to Naira | 10,891,205 |
| 10,000 Pounds (GBP) to Naira | 21,782,410 |
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 ₦.