The black market rate for 50500 Pounds to Naira is 110,806,645.5 NGN as of today, 03:26 PM WAT.
When you convert 50500 British Pounds to NGN, you get 110,806,645.5 Nigerian Naira, using the rate of 0.000456 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 | 110,806,645.5 |
| 50500 Dollars to Naira | 84,276,420 |
| 50500 Tether USD to Naira | 83,677,490 |
| 50500 Euros to Naira | 92,439,745 |
Last 7 days, 50500 GBP was traded for 110,806,636.5 NGN, yesterday it went for 110,806,644 NGN, and today it averages 110,806,645.5 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 |
|---|---|
| Friday, 4th October 2024 | £50500 = 110,806,645.5 Naira |
| Thursday, 3rd October 2024 | £50500 = 110,806,644 Naira |
| Wednesday, 2nd October 2024 | £50500 = 110,806,642.5 Naira |
| Tuesday, 1st October 2024 | £50500 = 110,806,641 Naira |
| Monday, 30th September 2024 | £50500 = 110,806,639.5 Naira |
| Sunday, 29th September 2024 | £50500 = 110,806,638 Naira |
| Saturday, 28th September 2024 | £50500 = 110,806,636.5 Naira |
| Amount in GBP | Naira Equivalent (NGN) |
|---|---|
| 1 Pounds (GBP) to Naira | 2,194.191 |
| 10 Pounds (GBP) to Naira | 21,941.91 |
| 20 Pounds (GBP) to Naira | 43,883.82 |
| 30 Pounds (GBP) to Naira | 65,825.73 |
| 40 Pounds (GBP) to Naira | 87,767.64 |
| 50 Pounds (GBP) to Naira | 109,709.55 |
| 60 Pounds (GBP) to Naira | 131,651.46 |
| 70 Pounds (GBP) to Naira | 153,593.37 |
| 80 Pounds (GBP) to Naira | 175,535.28 |
| 90 Pounds (GBP) to Naira | 197,477.19 |
| 100 Pounds (GBP) to Naira | 219,419.1 |
| 200 Pounds (GBP) to Naira | 438,838.2 |
| 300 Pounds (GBP) to Naira | 658,257.3 |
| 500 Pounds (GBP) to Naira | 1,097,095.5 |
| 700 Pounds (GBP) to Naira | 1,535,933.7 |
| 1,000 Pounds (GBP) to Naira | 2,194,191 |
| 1,500 Pounds (GBP) to Naira | 3,291,286.5 |
| 2,000 Pounds (GBP) to Naira | 4,388,382 |
| 3,000 Pounds (GBP) to Naira | 6,582,573 |
| 5,000 Pounds (GBP) to Naira | 10,970,955 |
| 10,000 Pounds (GBP) to Naira | 21,941,910 |
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 ₦.