Opaindex
Pound to naira exchange rate today (GBP to NGN)
The pound to naira rate is about ₦1,811 to £1 at the official (CBN/NFEM) window and around ₦1,878 on the parallel ("black") market in Nigeria as of 27 June 2026 — a gap of about ₦67 per pound, a parallel premium of 3.7%.
- Official (CBN/NFEM)
- ₦1,811
- per £1
- Parallel (black market)
- ₦1,878
- per £1 (street rate)
- Gap
- ₦67
- per pound over official
- Parallel premium
- 3.7%
- above the official rate
Convert any amount → · Naira exchange rates → · Black market dollar rate →
Key takeaways
- The pound to naira rate is about ₦1,811 to £1 at the official CBN/NFEM window as of 27 June 2026.
- On the parallel (black) market the pound is about ₦1,878 to £1 — roughly ₦67 higher, a 3.7% parallel premium.
- £100 is about ₦181,075 at the official rate; £1,000 is about ₦1,810,750.
- Street rates vary by city and dealer; figures here are a sourced market reference, not a dealer quote.
Pound to naira by amount
What common pound amounts are worth in naira at the official CBN/NFEM rate versus the parallel (black-market) rate, and the naira difference between them — handy for sizing a UK-to-Nigeria transfer.
| Pounds | Official rate | Parallel rate | Difference |
|---|---|---|---|
| £1 | ₦1,811 | ₦1,878 | +₦67 |
| £50 | ₦90,538 | ₦93,900 | +₦3,363 |
| £100 | ₦181,075 | ₦187,800 | +₦6,725 |
| £200 | ₦362,150 | ₦375,600 | +₦13,450 |
| £500 | ₦905,375 | ₦939,000 | +₦33,625 |
| £1,000 | ₦1,810,750 | ₦1,878,000 | +₦67,250 |
| £2,000 | ₦3,621,500 | ₦3,756,000 | +₦134,500 |
Naira amounts are the pound figure times each sourced rate; “Difference” is how much more naira the parallel rate yields per amount. Money-transfer operators quote their own rate (usually between the official and parallel rates) plus a fee. A live mid-market reading is about ₦1,812/£.
What moves the pound to naira rate?
The naira side is driven by Nigerian monetary policy and dollar supply: the Central Bank of Nigeria's official (NFEM) window sets the benchmark, while unmet foreign-currency demand clears on the parallel ("black") market at a premium — about 3.7% for the pound as of 27 June 2026. Since the 2023–2024 FX reforms (the float of the naira and unification of the official windows) the official and parallel rates have converged sharply, narrowing a gap that was once very wide.
The pound side moves with the GBP/USD cross rate: the pound is quoted against the dollar on world markets, so when sterling strengthens or weakens against the dollar, the naira value of a pound moves with it — which is why £1 buys more naira than $1 (about $1.34 to the pound). The UK is one of Nigeria's largest sources of diaspora remittances and foreign capital, so the GBP/NGN rate is a daily reference for households and senders. Figures on this page are a sourced market reference, not a live dealer quote: actual street rates move through the day and vary by city (Lagos, Abuja, Kano) and dealer.