Convert £1,000 (British Pound) to Nigerian Naira at the best rate. See exactly how much your recipient will receive.
The parallel market — often called the black market or aboki rate — is the informal street price for British Pound and Nigerian Naira, set outside the official banking channel. It is not a regulated or guaranteed rate.
Since the 2023 naira float, the gap between the street rate and the official, regulated rate has narrowed to around 1-2%. The GBP to NGN rate shown above is CrossPay’s real, locked-in rate on a licensed, CBN-compliant rail — now competitive with the street, fully traceable, and protected. You no longer need the parallel market to get a good rate.
CrossPay shows the live GBP to NGN mid-market reference rate with only a transparent 0.5% spread. Use the calculator above to see today's exact rate and how much your recipient receives.
See the live 1 GBP to NGN rate in the calculator above. CrossPay uses the mid-market reference rate with a transparent 0.5% spread and no hidden fees.
Enter 1,000 in the calculator above to see exactly how much NGN you get for 1,000 GBP at today's live mid-market rate, including our transparent 0.5% spread.
The black-market (aboki) or parallel rate is the informal street price, set outside the official banking system — it is not regulated or guaranteed. Since the 2023 naira float it has stayed within about 1-2% of the official rate, so the regulated GBP to NGN rate shown above is now competitive with the street — and, unlike a street deal, it is locked in, licensed and fully traceable.
Most GBP to NGN transfers arrive within minutes to 1 business day, depending on the payment method and time of day.
About 6% all-in on GBP to NGN transfers — our 0.1% platform fee, the payment provider's cost and this corridor's exchange-rate spread together. The calculator on this page shows the exact figure for your amount before you send.
The minimum transfer is £5 and the maximum is £250,000 per transaction. Higher limits are available for approved KYC users.
You can pay via UK bank transfer (Faster Payments) or debit/credit card. Bank transfers are typically faster and fee-free.
We use the mid-market rate with a small 0.5% spread. You can check the live rate on our converter page before sending.
Yes. Once you send money, you can track the transfer status in real-time from your dashboard. You'll also receive email and SMS notifications at each stage.
Funds are delivered directly to any Nigerian bank account. The recipient receives Naira (NGN) to their bank within the estimated delivery time.
British Pound (GBP) is the official currency of United Kingdom. Symbol: £. ISO 4217 code: GBP. CrossPay offers live GBP to NGN exchange rates updated in real time with transparent fees and fast delivery to Nigeria.
Use CrossPay to send money from United Kingdom to Nigeria with great rates, low fees, and 0-1 day delivery.
Send Money to NigeriaLive rate is refreshing. Use the calculator below for an estimate.