The black market rate for 531 Pounds to Naira is 1,134,254.763 NGN as of today, 04:25 PM WAT.
When you convert 531 British Pounds to NGN, you get 1,134,254.763 Nigerian Naira, using the rate of 0.000468 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 |
|---|---|
| 531 British Pounds to Naira | 1,134,254.763 |
| 531 Dollars to Naira | 925,267.5 |
| 531 Tether USD to Naira | 923,143.5 |
| 531 Euros to Naira | 951,036.93 |
Last 7 days, 531 GBP was traded for 1,134,245.763 NGN, yesterday it went for 1,134,253.263 NGN, and today it averages 1,134,254.763 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 531 British Pounds against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Thursday, 14th November 2024 | £531 = 1,134,254.763 Naira |
| Wednesday, 13th November 2024 | £531 = 1,134,253.263 Naira |
| Tuesday, 12th November 2024 | £531 = 1,134,251.763 Naira |
| Monday, 11th November 2024 | £531 = 1,134,250.263 Naira |
| Sunday, 10th November 2024 | £531 = 1,134,248.763 Naira |
| Saturday, 9th November 2024 | £531 = 1,134,247.263 Naira |
| Friday, 8th November 2024 | £531 = 1,134,245.763 Naira |
| Amount in GBP | Naira Equivalent (NGN) |
|---|---|
| 1 Pounds (GBP) to Naira | 2,136.073 |
| 10 Pounds (GBP) to Naira | 21,360.73 |
| 20 Pounds (GBP) to Naira | 42,721.46 |
| 30 Pounds (GBP) to Naira | 64,082.19 |
| 40 Pounds (GBP) to Naira | 85,442.92 |
| 50 Pounds (GBP) to Naira | 106,803.65 |
| 60 Pounds (GBP) to Naira | 128,164.38 |
| 70 Pounds (GBP) to Naira | 149,525.11 |
| 80 Pounds (GBP) to Naira | 170,885.84 |
| 90 Pounds (GBP) to Naira | 192,246.57 |
| 100 Pounds (GBP) to Naira | 213,607.3 |
| 200 Pounds (GBP) to Naira | 427,214.6 |
| 300 Pounds (GBP) to Naira | 640,821.9 |
| 500 Pounds (GBP) to Naira | 1,068,036.5 |
| 700 Pounds (GBP) to Naira | 1,495,251.1 |
| 1,000 Pounds (GBP) to Naira | 2,136,073 |
| 1,500 Pounds (GBP) to Naira | 3,204,109.5 |
| 2,000 Pounds (GBP) to Naira | 4,272,146 |
| 3,000 Pounds (GBP) to Naira | 6,408,219 |
| 5,000 Pounds (GBP) to Naira | 10,680,365 |
| 10,000 Pounds (GBP) to Naira | 21,360,730 |
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 ₦.