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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 shown notable variations in recent weeks, with the pound achieving a modest gain despite disappointing retail sales in the UK and reduced expectations of an interest rate cut by the Bank of England (BoE). As of this update, the GBP is trading near recent highs around 2100 NGN, maintaining its 3-month average and displaying volatility within a 9.6% range, from 1970 to 2160 NGN.

Analysts have observed that the pound's performance is heavily influenced by domestic economic indicators, including inflation, employment data, and GDP growth. The recent dip in UK retail sales, down 2.7% in May, raises concerns about the momentum of economic recovery, particularly ahead of key services sector PMIs for June. Geopolitical tensions and uncertainties surrounding UK trade relations, particularly in light of US tariffs imposed on UK goods during the ongoing trade disputes, could further pressure the pound.

In Nigeria, the naira's value continues to be shaped by significant economic reforms and external pressures. Despite the Central Bank of Nigeria (CBN) having allowed greater flexibility in the naira’s exchange rate, the currency is still impacted by high inflation, which has surpassed 23%. Recent government initiatives, such as cracking down on currency-related practices and seeking external borrowing for economic support, may play a role in shaping investor sentiment towards the naira.

Additionally, Nigeria's economic stability remains tied to developments in the global oil market. With oil prices recently trading at 71.48 USD, about 6.2% above their 3-month average, fluctuations in oil prices significantly affect the NGN due to Nigeria’s dependency on oil revenue. The volatility in oil prices, with a range of 31.1% from 60.14 to 78.85 USD, will continue to influence the naira's overall stability.

The outlook for the GBP/NGN exchange rate remains uncertain. Economic trends in both countries, combined with geopolitical factors and global market sentiments, will significantly determine future movements. Investors are advised to remain vigilant, keeping an eye on any policy changes from the BoE, the economic reforms proposed by the Nigerian government, and international commodity prices, particularly oil.

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
+1.1%
GBP to NGN is at 7-day highs near 2100, near its 3-month average, having traded in a fairly volatile 9.6% range from 1970 to 2160
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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
10 Jun 2025
2088.20
0.6% 2 Week
26 Mar 2025
1978.19
6.2% 3 Month
24 Jun 2024
1921.33
9.3% 1 Year
25 Jun 2020
481.45
336.2% 5 Year
27 Jun 2015
313.33
570.3% 10 Year
29 Jun 2005
242.16
767.3% 20 Year
GBP/NGN historic rates & change to 24-Jun-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