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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.

 

The GBP to NGN exchange rate has faced significant downward pressure recently, with the GBP trading at 90-day lows near 1917 NGN, approximately 4.9% below its three-month average of 2016 NGN. The volatility in this pair has been notable, with fluctuations ranging from 1917 to 2082 NGN, reflecting broader economic sentiment.

Market analysts attribute the GBP's decline to heightened budgetary concerns as the UK approaches the autumn budget announcement, where Finance Minister Rachel Reeves has indicated plans for tax increases and spending cuts. These fiscal measures could further weigh on the British economy, prompting speculation about the potential for the Bank of England to cut interest rates again before year-end. As the UK economy struggles with modest growth, indicated by a mere 0.1% increase in August, expectations remain low for any significant recovery in the short term.

On the other side, the Nigerian Naira's outlook is influenced by several factors, including a notable decline in inflation, which fell to 18.02% in September. This decrease has led the Central Bank of Nigeria to lower its benchmark interest rate to 27%, aiming to stimulate economic activity. However, experts warn that the NGN is likely to weaken further due to foreign investors offloading local assets amidst global market volatility and a constrained dollar supply from the central bank.

Additionally, movements in oil prices play a crucial role in shaping the NGN's performance, with recent oil prices hovering around $64.92 per barrel, 2.2% below their three-month average. Given Nigeria's reliance on oil revenues, any sustained downturn in oil prices could exacerbate the challenges facing the naira.

In summary, currency analysts foresee continued pressure on the GBP against the NGN, driven by UK economic uncertainties and impending fiscal measures, while the NGN may experience further depreciation despite easing inflation and monetary policy adjustments, influenced largely by external economic conditions.

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.

 
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NGN
90dLows
1d−0.8%
GBP to NGN is at 90-day lows near 1917, 4.9% below its 3-month average of 2016, having traded in a fairly volatile 8.6% range from 1917 to 2082
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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
16 Oct 2025
1970.97
2.6% 2 Week
01 Aug 2025
2037.28
5.8% 3 Month
30 Oct 2024
2133.67
10.1% 1 Year
31 Oct 2020
492.56
289.6% 5 Year
02 Nov 2015
306.58
525.9% 10 Year
04 Nov 2005
230.73
731.7% 20 Year
GBP/NGN historic rates & change to 30-Oct-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