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GBP to NGN Exchange Rates & Currency Deals

GBP-NGN Rate Calculator

 
 
   

Understanding the Table:

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’.

 
 
   

GBP to NGN Market Data

British pound (GBP) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell GBP   →   Buy NGN
1 GBP = 1,955.6 NGN
1d+0.5%▲
 
GBP to NGN at 1966 is 1.6% above its 3-month average of 1935, having traded in a relatively stable 6.4% range from 1878 to 1999
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Tracker
  1 NGN = 0.000511 GBP

Is the GBP to NGN 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 British pound against the Nigerian naira is to review how the GBP/NGN rate has changed over time.

The table below shows the percentage change in the GBP to NGN exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

DateGBP/NGNChangePeriod
16 Dec 2025
1951.09
0.2% ▲2 Week
01 Oct 2025
2001.55
2.3% ▼3 Month
30 Dec 2024
1941.49
0.7% ▲1 Year
31 Dec 2020
529.88
269.1% ▲5 Year
02 Jan 2016
294.08
565% ▲10 Year
04 Jan 2006
227.62
759.2% ▲20 Year
GBP/NGN historic rates & change to 30-Dec-2025

Currency Forecasts related to GBP/NGN

GBP to NGN 2026 Forecasts

The GBP to NGN market bias is currently bullish.

Read forecast

GBP to USD 2026 Forecasts

The GBP/USD exchange rate currently leans bullish, primarily supported by recent signals from the Bank of England (BoE) indicating a cautious approach...

Read forecast

USD to NGN 2026 Forecasts

The USD to NGN exchange rate shows a bearish bias as recent developments indicate a downward trend for the US dollar.

Read forecast

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

 

GBP to NGN 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 British pound are worth in Nigerian naira across a range of amounts.

This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :

GBP NGN
GBP NGN
£ 0.0005 ₦ 1
£ 0.0026 ₦ 5
£ 0.0051 ₦ 10
£ 0.0102 ₦ 20
£ 0.0256 ₦ 50
£ 0.0511 ₦ 100
£ 0.1278 ₦ 250
£ 0.2555 ₦ 500
£ 0.5110 ₦ 1,000
£ 1.0220 ₦ 2,000
£ 2.5550 ₦ 5,000
£ 5.1100 ₦ 10,000
£ 10.22 ₦ 20,000
£ 25.55 ₦ 50,000
£ 51.10 ₦ 100,000

More amounts

*Converted at the current GBP-NGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for GBP to NGN?

The best GBP to NGN exchange rate is 1940.92 from Wise. This is -0.75% compared to the mid-market rate 1,955.6.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Nigerian naira (NGN) rates from different sources before making a conversion.

The above Sterling to Naira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers. 

How do GBP-NGN rates compare between providers?

Looking at the full GBP to NGN - Send Money comparison table the provider with the best GBP to NGN exchange rate is Wise at 1940.92, -0.75% from the latest mid-market rate 1,955.6.

The next best is Western Union at 1926.25, -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is -73.3243 at -103.7% the Royal Bank of Scotland rate is -61.5908 at -103.1% and the Barclays Bank rate is -67.4575 at -103.4% compared to the mid-rate 1,955.6.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare GBP to NGN Transfer Rates

   

View a full list of exchange rates by selecting your Base (from) currency: