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.
CrossPay shows the live NGN to GBP 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 NGN to GBP rate in the calculator above. CrossPay uses the mid-market reference rate with a transparent 0.5% spread and no hidden fees.
Enter 50,000 in the calculator above to see exactly how much GBP you get for 50,000 NGN 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 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.
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