🇳🇬 NGN to 🇬🇧 GBP Exchange Rate
Convert Nigerian Naira to British Pound using the live indicative interbank rate and the converter below. Covers the cost of sending to United Kingdom via the major mobile money apps.
Updated 2026-06-04
Currency converter
NGN → GBP conversion table
| NGN | GBP |
|---|---|
| 500 | 0.27 |
| 1,000 | 0.55 |
| 2,000 | 1.09 |
| 5,000 | 2.73 |
| 10,000 | 5.45 |
| 25,000 | 13.63 |
| 50,000 | 27.25 |
| 100,000 | 54.50 |
| 250,000 | 136.25 |
| 500,000 | 272.50 |
| 1,000,000 | 545.00 |
Table computed at the indicative rate of 1 NGN = 0.00 GBP. Real operator-side values include a 1%-4% spread.
About the Nigerian Naira
The Nigerian Naira (NGN, ₦) is the official currency of Nigeria, issued by the Central Bank of Nigeria (CBN) since 1973 when it replaced the Nigerian pound. Subdivided into 100 kobo, the Naira is one of Africa's most-traded currencies and the principal medium of exchange for the continent's largest economy. Since the CBN's 2023 unification of the parallel and official exchange rate windows through what it calls the NAFEM mechanism, the Naira has traded under market-driven pricing rather than the previous administered peg. Nigeria receives an estimated 20 billion USD a year in formal remittances, and for inbound flows to MTN MoMo PSB, OPay, PalmPay and Moniepoint the published Naira rate is now typically within 1%-3% of the parallel market — a sharp narrowing compared to the 30%-60% gaps that prevailed before unification.
About the British Pound
The British Pound (GBP, £) is the official currency of the United Kingdom and the primary currency in which the UK-based African diaspora earns and sends. Issued by the Bank of England, the Pound is subdivided into 100 pence. The UK is one of the three largest remittance source markets for Africa, channelling several billion pounds a year primarily to Nigeria, Ghana, Kenya, Somalia, and Zimbabwe. After the 2016 Brexit referendum the GBP traded substantially weaker against both USD and EUR, which compressed remittance values when measured in either dollars or recipient local currency. Mobile-first remitters serving the UK-Africa corridor — Sendwave, LemFi, TapTap Send, Lemonade Finance — typically post a GBP rate within 0.5%–2% of interbank, with the fee structure varying by amount and destination.
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FAQ
What is the NGN/GBP exchange rate today?
How much is 100 NGN in GBP?
What's the best way to send Nigerian Naira to United Kingdom?
Is the British Pound a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to United Kingdom, see the inbound corridor comparison.