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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’.
British pound (GBP) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
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:
| Date | GBP/NGN | Change | Period |
|---|---|---|---|
11 Jun 2025 | 2090.27 | 1% ▲ | 2 Week |
27 Mar 2025 | 1990.95 | 6.1% ▲ | 3 Month |
25 Jun 2024 | 1925.43 | 9.7% ▲ | 1 Year |
26 Jun 2020 | 477.98 | 341.8% ▲ | 5 Year |
28 Jun 2015 | 312.39 | 576.1% ▲ | 10 Year |
30 Jun 2005 | 241.00 | 776.3% ▲ | 20 Year |
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 * :
*Converted at the current GBP-NGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
For travelers planning a one-week mid-range stay in Nigeria, preparing a budget of around ₦350,000 to ₦500,000 (approximately $400 to $600) should provide a comfortable experience. Below is a breakdown of typical daily expenses you might encounter during your visit, which can help in planning your funds:
In general, Nigeria offers an affordable travel experience compared to many Western countries. When contrasted with the United States, for instance, daily costs in Nigeria can be significantly lower, with meals and accommodations often costing a fraction of those in the US. Similarly, compared to the UK, where expenses can be quite high for a similar mid-range experience, Nigeria certainly presents a cheaper option for savvy travelers.
For expats settling into life in Nigeria, the average monthly living costs can range between ₦150,000 and ₦380,000, depending on lifestyle choices. This includes rent, groceries, utilities, and transportation. Banking in Nigeria has seen significant improvements, but it's advisable to have both local bank accounts and international ones. Credit and debit cards are widely accepted in urban areas, though cash is still king, especially in more rural regions. When it comes to sending and receiving money, online transfer services like Wise or OFX often provide better rates and lower fees compared to exchanging money at banks or local exchanges. For best rates, consider exchanging money locally; however, using a reliable online service can be convenient for larger remittances, ensuring more value over time.
View a full list of exchange rates by selecting your Base (from) currency:
