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GBP to NGN 2025 Forecasts

Analysis of recent sterling → naira forecasts for 2025. We collate forecasts from respected FX analysts together with the latest British pound to Nigerian naira performance and trends.

 

Recent forecasts for the GBP to NGN exchange rate indicate a challenging period for the British pound, which concluded July on a notably low note. Analysts highlighted that the GBP faced its worst monthly performance in almost two years, largely due to ongoing concerns about the UK's fiscal health. These concerns were compounded by lackluster economic data and policy setbacks, putting pressure on the pound. If forthcoming UK manufacturing PMI data reaffirms the contraction in the factory sector, further declines in the GBP could be expected.

In addition, external factors have played a significant role. The imposition of a 10% tariff on UK goods by the US has contributed to a more pronounced negative sentiment around the pound. The UK economy's reliance on domestic indicators, coupled with political uncertainties stemming from Brexit, has made the GBP particularly volatile. Market analysts note that the trajectory of the GBP will be closely tied to the Bank of England's monetary policy decisions, including interest rate adjustments in response to inflation and employment trends.

On the other side, the Nigerian naira (NGN) has seen a mix of developments that could affect its value against the pound. Recent economic reforms in Nigeria, including a flexible exchange rate and measures to address inflation that was reported to have exceeded 23%, highlight the Nigerian government's efforts to stabilize the economy. However, concerns remain regarding the rising public debt and external borrowing requests from the Nigerian government, which could put additional pressure on the naira.

Significantly, the NGN has shown resilience recently, appreciating against the US dollar, attributed to heightened foreign interest in Nigeria's bonds amidst a backdrop of economic reforms. This trend could provide some support for the naira in its exchange rate with the GBP. Recent price data shows that the GBP to NGN is at 90-day lows near 2022 levels, sitting 3.7% below its three-month average, having fluctuated within a relatively stable range.

Moreover, the dynamics of oil prices, currently trading at 6.7% above their three-month average, could further influence the NGN, given Nigeria’s status as a major oil producer. Volatility in oil prices can directly correlate with the naira's strength as fluctuations affect government revenue and foreign exchange availability.

Overall, factors such as the UK’s economic recovery trajectory, Bank of England policies, political stability, and external trade relations will dictate the future of the pound. In contrast, the naira's valuation hinges on ongoing economic reforms, inflation management, and global oil prices. Stakeholders in international transactions between GBP and NGN should remain attentive to these macroeconomic indicators as they navigate the currency market.

GBP-NGN Rate Calculator

 
   
   
   
   
 
   
 
 

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 =
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NGN
-0.2%
90d-lows
GBP to NGN is at 90-day lows near 2022, 3.7% below its 3-month average of 2100, having traded in a relatively stable 6.5% range from 2022 to 2153
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Compare & Save - British pound to Nigerian naira

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to Nigerian naira (NGN) rates from different sources before making a conversion.

Use our GBP to NGN calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Naira currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the Nigerian naira?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs Nigerian naira current value is to look the GBP/NGN historic rate and change over a range of periods.

The following table looks at the change in the GBP to NGN exchange rate over periods from the previous week back to the last 10 years.

DateGBP/NGNChangePeriod
18 Jul 2025
2053.49
1.6% 2 Week
03 May 2025
2128.93
5.1% 3 Month
01 Aug 2024
2114.16
4.4% 1 Year
02 Aug 2020
506.32
299% 5 Year
04 Aug 2015
309.66
552.4% 10 Year
06 Aug 2005
243.19
730.7% 20 Year
GBP/NGN historic rates & change to 01-Aug-2025

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/NGN to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more