The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
NGN to GBP Market Data
Nigerian naira (NGN) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell NGN →
Buy GBP
1 NGN = 0.000511 GBP
1d−0.4%▼
NGN to GBP at 0.000509 is 1.5% below its 3-month average of 0.000517, having traded in a relatively stable 6.4% range from 0.000500 to 0.000532
Is the NGN to GBP Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Nigerian naira against the British pound is to review how the NGN/GBP rate has changed over time.
The table below shows the percentage change in the NGN to GBP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The exchange rate forecast for the GBP to NGN indicates a complex interplay of monetary policy changes in the UK and ongoing reforms in Nigeria that may...
Current market bias: Bullish.
Key drivers:
- Interest rate differential: Favorable for GBP as the Bank of England is cautious with rate cuts, differing from the U.S. Federal Reserve's approach.
- Supporting macro factor: A projected decline in UK inflation signals potential currency stability.
- Economic challenges in Nigeria: High inflation rates, with IMF forecasting a rise to 37% in 2026, may undermine the naira.
Near-term range: Expect GBP to NGN to trade within a stable range, recently 1.6% above its three-month average.
What could change it: Upside risk includes stronger-than-expected UK economic data, particularly retail sales. A downside risk is a significant drop in oil prices, which may negatively impact the naira.
---
GBP is currently bullish vs NGN, driven by rate differentials and UK inflation forecasts. The naira faces challenges with rising inflation projected at 37% in 2026. Look for GBP/NGN to stay stable, with upside from strong UK data but downside risk from falling oil prices
@bestfxrates
NGN to GBP Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Nigerian naira are worth in British pound across a range of amounts.
This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :