The parallel market — often called the black market or aboki rate — is the informal street price for Nigerian Naira and British Pound, 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 NGN to GBP 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.
Today, 1 NGN equals 0.00055242 GBP using CrossPay's live mid-market reference rate. We add only a transparent 0.5% spread, so the rate you see is close to the real interbank rate — far better than typical bank or bureau de change markups. Rates refresh continuously throughout the day.
1 NGN is worth 0.00055242 GBP right now on CrossPay's live mid-market rate. With our transparent 0.5% spread and no hidden fees, that is the real rate — not an inflated black-market or bank quote.
1,000,000 NGN is about 552.42 GBP at today's mid-market rate of 0.00055242. Enter any amount in the calculator above to see the exact GBP your recipient receives after 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 NGN to GBP rate shown above is now competitive with the street — and, unlike a street deal, it is locked in, licensed and fully traceable.
Check the live NGN to GBP rate above, updated in real time.
Nigerian Naira (NGN) is the official currency of Nigeria. Symbol: ₦. ISO 4217 code: NGN. CrossPay offers live NGN to GBP exchange rates updated in real time with transparent fees and fast delivery to United Kingdom.
1 NGN = 0.00055242 GBP
Mid-market reference rate. Your final rate includes a small spread — see the calculator below for the exact amount you'll receive.
No rate history available yet.
Rate history starts building as we collect daily snapshots. Live rates are still available in the calculator above.