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GBP to NGN Transfers Compared

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’.

 
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to Nigeria can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Nigeria bank accounts or pay a Nigerian naira invoice.

 
   

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 = 2,026.1 NGN
-0.8% since yesterday
90d-lows
GBP to NGN at 2029 is 3.5% below its 3-month average of 2102, having traded in a relatively stable 6.3% range from 2026 to 2153
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Tracker

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
17 Jul 2025
2051.77
1.2% 2 Week
02 May 2025
2128.60
4.7% 3 Month
31 Jul 2024
2135.41
5% 1 Year
01 Aug 2020
507.95
299.2% 5 Year
03 Aug 2015
310.14
553.8% 10 Year
05 Aug 2005
243.12
734% 20 Year
GBP/NGN historic rates & change to 31-Jul-2025
GBP to NGN shows mixed trends, with the pound down 3.5% from its 3-month average amid UK uncertainty and inflation pressures in Nigeria. Analysts highlight ongoing UK economic conditions and oil prices as key factors influencing both currencies. Stay alert to market shifts for optimal transactions

 

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
£ 1 2.0000
£ 5 10.00
£ 10 20.00
£ 20 40.00
£ 50 100.00
£ 100 200.00
£ 250 500.00
£ 500 1,000
£ 1,000 2,000
£ 2,000 4,000
£ 5,000 10,000
£ 10,000 20,000
£ 20,000 40,000
£ 50,000 100,000
£ 100,000 200,000
GBP NGN
£ 0.0005 ₦ 1
£ 0.0025 ₦ 5
£ 0.0049 ₦ 10
£ 0.0099 ₦ 20
£ 0.0247 ₦ 50
£ 0.0494 ₦ 100
£ 0.1235 ₦ 250
£ 0.2470 ₦ 500
£ 0.4940 ₦ 1,000
£ 0.9880 ₦ 2,000
£ 2.4700 ₦ 5,000
£ 4.9400 ₦ 10,000
£ 9.8800 ₦ 20,000
£ 24.70 ₦ 50,000
£ 49.40 ₦ 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 2016.99 from Wise.

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 2016.99.

The next best is Currencies Direct at 2009.9.

Then Western Union at 1995.72, .

Among the banks the Lloyds Bank rate is -75.0162 the Royal Bank of Scotland rate is -62.8596 and the Barclays Bank rate is 1955.2 compared to the mid-rate 2,026.1.

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.

 

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