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Pounds (GBP) To Naira (NGN) Black Market Exchange Rate Today

How Much is 1 Pound to Naira Today in the Black Market?

As of today, , the exchange rate for 1 Great British Pound (GBP) in the Naira Black Market stands at 2,040 Naira and sells at 2,070 Naira. The Black Market operates outside the control or regulation of the government, therefore, it is usually higher than the official rate.

Black Market Rates

Dollar icon
USD
Dollar
Buy: ₦1,670
Sell: ₦1,680
Pound icon
GBP
Pound
Buy: ₦2,040
Sell: ₦2,070
Euro icon
EUR
Euro
Buy: ₦1,660
Sell: ₦1,690
Canadian Dollar icon
CAD
Canadian Dollar
Buy: ₦1,200
Sell: ₦1,250
South African Rand icon
ZAR
South African Rand
Buy: ₦80
Sell: ₦100
Dirham icon
AED
Dirham
Buy: ₦425
Sell: ₦455
Yuan icon
CNY
Yuan
Buy: ₦200
Sell: ₦240
Ghanaian Cedi icon
GHS
Ghanaian Cedi
Buy: ₦80
Sell: ₦100
West African CFA Franc icon
XOF
West African CFA Franc
Buy: ₦2,500
Sell: ₦2,650
Central African CFA Franc icon
XAF
Central African CFA Franc
Buy: ₦2,400
Sell: ₦2,550
Australian Dollar icon
AUD
Australian Dollar
Buy: ₦940
Sell: ₦1,020

Pound to Naira Black Market Currency Converter

1 GBP = 2,040 NGN

Pounds to Naira Rate Currency Conversion Table

Amount in GBPBlack Market Exchange Rate in Naira
1 GBP to Naira2,040
5 GBP to Naira10,200
10 GBP to Naira20,400
20 GBP to Naira40,800
50 GBP to Naira102,000
100 GBP to Naira204,000
200 GBP to Naira408,000
300 GBP to Naira612,000
400 GBP to Naira816,000
500 GBP to Naira1,020,000
600 GBP to Naira1,224,000
800 GBP to Naira1,632,000
1000 GBP to Naira2,040,000
5000 GBP to Naira10,200,000
10000 GBP to Naira20,400,000

Factors Affecting the Pounds to Naira Black Market Exchange Rate?

Several factors have the potency to affect the exchange rate of Pounds in the Black Market, these factors include:

  • Supply and demand for the Pounds
  • The value of the United States dollar
  • The political and economic situation in the United Kingdom (UK) and Nigeria

Finding Reputable Pounds Black Market Exchange Dealer

When considering the exchange of British Pounds (GBP) for Nigerian Naira (NGN), it is very important to first of all, find a reputable dealer to ensure a seamless, safe and reliable transaction. You can either find such a person online or in person. 

Meanwhile, before embarking on the adventure, you must do critical research about the dealer you are about to transact with, and check their reviews in online forums or social media groups or possibly ask a few persons who you think know the person better.

Tips for Exchanging Pound to Naira on Black Market

  • Exchange Pounds (GBP) only with reputable dealers.
  • Do not exchange large amounts of Pound currency at once to manage the risk.
  • Ask for a written receipt for the exchange after the transaction.
  • Know the current Pound to Naira Black Market Exchange rate before you exchange your currency.