The black market rate for 50500 Pounds to Naira is 99,653,670 NGN as of today, 03:01 AM WAT.
When you convert 50500 British Pounds to NGN, you get 99,653,670 Nigerian Naira, using the rate of 0.000507 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 |
|---|---|
| 50500 British Pounds to Naira | 99,653,670 |
| 50500 Dollars to Naira | 84,285,510 |
| 50500 Tether USD to Naira | 83,950,695 |
| 50500 Euros to Naira | 83,637,090 |
Last 7 days, 50500 GBP was traded for 99,653,661 NGN, yesterday it went for 99,653,668.5 NGN, and today it averages 99,653,670 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 50500 British Pounds against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Monday, 13th January 2025 | £50500 = 99,653,670 Naira |
| Sunday, 12th January 2025 | £50500 = 99,653,668.5 Naira |
| Saturday, 11th January 2025 | £50500 = 99,653,667 Naira |
| Friday, 10th January 2025 | £50500 = 99,653,665.5 Naira |
| Thursday, 9th January 2025 | £50500 = 99,653,664 Naira |
| Wednesday, 8th January 2025 | £50500 = 99,653,662.5 Naira |
| Tuesday, 7th January 2025 | £50500 = 99,653,661 Naira |
| Amount in GBP | Naira Equivalent (NGN) |
|---|---|
| 1 Pounds (GBP) to Naira | 1,973.34 |
| 10 Pounds (GBP) to Naira | 19,733.4 |
| 20 Pounds (GBP) to Naira | 39,466.8 |
| 30 Pounds (GBP) to Naira | 59,200.2 |
| 40 Pounds (GBP) to Naira | 78,933.6 |
| 50 Pounds (GBP) to Naira | 98,667 |
| 60 Pounds (GBP) to Naira | 118,400.4 |
| 70 Pounds (GBP) to Naira | 138,133.8 |
| 80 Pounds (GBP) to Naira | 157,867.2 |
| 90 Pounds (GBP) to Naira | 177,600.6 |
| 100 Pounds (GBP) to Naira | 197,334 |
| 200 Pounds (GBP) to Naira | 394,668 |
| 300 Pounds (GBP) to Naira | 592,002 |
| 500 Pounds (GBP) to Naira | 986,670 |
| 700 Pounds (GBP) to Naira | 1,381,338 |
| 1,000 Pounds (GBP) to Naira | 1,973,340 |
| 1,500 Pounds (GBP) to Naira | 2,960,010 |
| 2,000 Pounds (GBP) to Naira | 3,946,680 |
| 3,000 Pounds (GBP) to Naira | 5,920,020 |
| 5,000 Pounds (GBP) to Naira | 9,866,700 |
| 10,000 Pounds (GBP) to Naira | 19,733,400 |
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 ₦.