GOLD 24K New York: $132/g ▲ 0%
SILVER New York: $1.43/g ▲ 0%
PLATINUM: $50.39/g Live
PALLADIUM: $44.68/g Live
USD/USD: 1.0000 Hourly
GOLD 24K New York: $132/g ▲ 0%
SILVER New York: $1.43/g ▲ 0%
PLATINUM: $50.39/g Live
PALLADIUM: $44.68/g Live
USD/USD: 1.0000 Hourly
🌍 Detected location: United States (USD)
Last Updated: 8:49 PM EDT

Nigerian Naira to British Pound Converter

1 NGN = 0.0005 GBP

Live • Updated 8:49 PM EDT
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NGN to GBP Conversion Table

Quick reference for common conversion amounts at current mid-market rate

NGN Amount GBP Equivalent Exchange Rate
100 NGN 0.05 GBP 1 NGN = 0.0005 GBP
500 NGN 0.26 GBP 1 NGN = 0.0005 GBP
1,000 NGN 0.51 GBP 1 NGN = 0.0005 GBP
5,000 NGN 2.57 GBP 1 NGN = 0.0005 GBP
10,000 NGN 5.14 GBP 1 NGN = 0.0005 GBP
50,000 NGN 25.69 GBP 1 NGN = 0.0005 GBP

Last Updated: October 27, 2025 8:49 PM EDT

Related NGN Currency Pairs

GBP → NGN
1 = 1,946.4295
NGN → USD
1 = 0.0007
NGN → EUR
1 = 0.0006
NGN → JPY
1 = 0.1046
NGN → CNY
1 = 0.0049
NGN → INR
1 = 0.0605
NGN → AED
1 = 0.0025

About NGN to GBP Exchange Rate

The Nigerian Naira (NGN) to British Pound (GBP) exchange rate shows how much one NGN is worth in GBP. Currently, 1 NGN equals 0.0005 GBP.

Our currency converter uses real-time exchange rates sourced from global financial markets and updated hourly at the top of each hour. The mid-market rate you see here is the fairest rate available, representing the midpoint between buy and sell rates without any markup or hidden fees that banks and money transfer services typically add (which can be 2-4% above mid-market rates).

How to Use This NGN to GBP Converter

The NGN/GBP rate can fluctuate throughout the day based on economic factors, market sentiment, central bank policies, and geopolitical events. Currency markets are open 24/5 (Monday-Friday). Check back regularly for the latest rates, which update every hour on MarketsHost.

Frequently Asked Questions

What is the current NGN to GBP exchange rate?
The current exchange rate is 1 NGN = 0.0005 GBP. This rate is updated hourly and represents the mid-market rate without any markups.
How much is 1000 NGN in GBP?
1000 NGN equals approximately 0.51 GBP at the current exchange rate. See the conversion table above for more amount options.
Is 0.0005 GBP per NGN a good rate?
This is the mid-market rate, which is the fairest rate available in the forex market. Banks and money transfer services typically add a 2-4% markup to this rate. If you're getting a rate within 1-2% of this mid-market rate, that's considered competitive.
How often do NGN to GBP rates update?
Currency exchange rates on MarketsHost update every hour at the top of the hour. Currency markets operate 24 hours a day, 5 days a week (Monday-Friday), so rates can change continuously based on global economic events.
Where can I exchange NGN to GBP?
You can exchange currencies at banks, currency exchange bureaus, airports, or use online money transfer services like Wise, Western Union, or PayPal. Online services typically offer better rates (closer to mid-market) compared to physical exchanges.
What's the difference between mid-market rate and bank rate?
The mid-market rate (shown here) is the midpoint between buy and sell prices in the forex market with no markup. Bank rates typically add a 2-4% margin on top of the mid-market rate as their profit. For example, if the mid-market rate is 0.0005, a bank might offer 0.0005 (3% worse).
Why do NGN to GBP rates change?
Exchange rates change due to multiple factors including economic indicators (GDP, inflation, employment), central bank policies and interest rates, political stability, trade balances, market sentiment, and global events. Supply and demand in the forex market cause continuous rate fluctuations.
Can I convert GBP back to NGN?
Yes! Use our reverse GBP to NGN converter or click the swap button (⇄) in the calculator above to instantly reverse the conversion direction.