The black market rate for 40550 Pounds to Naira is 87,850,358.5 NGN as of today, 11:06 PM WAT.
When you convert 40550 British Pounds to NGN, you get 87,850,358.5 Nigerian Naira, using the rate of 0.000462 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 |
|---|---|
| 40550 British Pounds to Naira | 87,850,358.5 |
| 40550 Dollars to Naira | 70,117,843.5 |
| 40550 Tether USD to Naira | 69,786,550 |
| 40550 Euros to Naira | 74,103,503 |
Last 7 days, 40550 GBP was traded for 87,850,349.5 NGN, yesterday it went for 87,850,357 NGN, and today it averages 87,850,358.5 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 40550 British Pounds against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Tuesday, 5th November 2024 | £40550 = 87,850,358.5 Naira |
| Monday, 4th November 2024 | £40550 = 87,850,357 Naira |
| Sunday, 3rd November 2024 | £40550 = 87,850,355.5 Naira |
| Saturday, 2nd November 2024 | £40550 = 87,850,354 Naira |
| Friday, 1st November 2024 | £40550 = 87,850,352.5 Naira |
| Thursday, 31st October 2024 | £40550 = 87,850,351 Naira |
| Wednesday, 30th October 2024 | £40550 = 87,850,349.5 Naira |
| Amount in GBP | Naira Equivalent (NGN) |
|---|---|
| 1 Pounds (GBP) to Naira | 2,166.47 |
| 10 Pounds (GBP) to Naira | 21,664.7 |
| 20 Pounds (GBP) to Naira | 43,329.4 |
| 30 Pounds (GBP) to Naira | 64,994.1 |
| 40 Pounds (GBP) to Naira | 86,658.8 |
| 50 Pounds (GBP) to Naira | 108,323.5 |
| 60 Pounds (GBP) to Naira | 129,988.2 |
| 70 Pounds (GBP) to Naira | 151,652.9 |
| 80 Pounds (GBP) to Naira | 173,317.6 |
| 90 Pounds (GBP) to Naira | 194,982.3 |
| 100 Pounds (GBP) to Naira | 216,647 |
| 200 Pounds (GBP) to Naira | 433,294 |
| 300 Pounds (GBP) to Naira | 649,941 |
| 500 Pounds (GBP) to Naira | 1,083,235 |
| 700 Pounds (GBP) to Naira | 1,516,529 |
| 1,000 Pounds (GBP) to Naira | 2,166,470 |
| 1,500 Pounds (GBP) to Naira | 3,249,705 |
| 2,000 Pounds (GBP) to Naira | 4,332,940 |
| 3,000 Pounds (GBP) to Naira | 6,499,410 |
| 5,000 Pounds (GBP) to Naira | 10,832,350 |
| 10,000 Pounds (GBP) to Naira | 21,664,700 |
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 ₦.