Live GBP/NGN exchange rate — CBN official rate, updated daily
Rates are indicative CBN rates. Not financial advice.
| Period | Rate (₦ per £1) | Change |
|---|---|---|
| Today | -- | Live |
| 1 week ago (est.) | ~₦1,810 | – |
| 1 month ago (est.) | ~₦1,780 | – |
| Jan 2026 | ~₦1,650 | – |
| Jan 2025 | ~₦1,520 | – |
The live rate is shown at the top of this page. The CBN official rate for GBP/NGN is updated daily and currently hovers around ₦1,800–₦1,850 per pound.
The CBN sets an official daily rate based on foreign exchange market conditions, oil revenue, and monetary policy decisions. The rate can shift by ₦10–₦50 on volatile days.
Popular services include Wise (formerly TransferWise), Remitly, WorldRemit, and MoneyGram. Always compare their rates against the CBN rate shown here before sending.
No. The CBN official rate is set by the Central Bank of Nigeria. The parallel (black market) rate can be higher, but using unofficial channels is against Nigerian law.
The GBP/NGN rate averaged around ₦1,400–₦1,600 throughout 2024, rising steadily as the naira depreciated following the CBN's managed float policy introduced in mid-2023.
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