The parallel market — wey dem dey call black market or aboki rate — na the informal street price for Nigerian Naira and British Pound, wey dem dey set outside the official banking channel. E no be regulated or guaranteed rate.
Since the 2023 naira float, the gap between the street rate and the official, regulated rate don narrow to around 1-2%. The NGN to GBP rate wey dey show for up there na CrossPay real, locked-in rate for licensed, CBN-compliant rail — e now dey compete with the street, dem fit trace am fully, and e get protection. You no need the parallel market again to get good rate.
Today, 1 NGN dey equal 0.00055242 GBP for CrossPay live mid-market reference rate. We dey add only transparent 0.5% spread, so di rate wey you dey see dey close to di real interbank rate — e better pass wetin banks or bureau de change dey charge. Di rate dey update throughout di day.
1 NGN dey worth 0.00055242 GBP now-now for CrossPay live mid-market rate. With our transparent 0.5% spread and no hidden fee, na di real rate — no be inflated black-market or bank price.
1,000 NGN dey around 0.55 GBP for today mid-market rate of 0.00055242. Enter any amount for di calculator wey dey up to see di exact GBP wey your person go receive after our transparent 0.5% spread.
The black market (aboki) or parallel rate na the informal street price wey dem dey set outside the official banking system — e no be regulated or guaranteed. Since the 2023 naira float, e don stay around 1-2% of the official rate, so the regulated NGN to GBP rate wey dey show for up there now dey compete with the street — and, unlike street deal, e lock, e get license and dem fit trace am fully.
Check the live NGN to GBP rate up there, updated for real time.
Nigerian Naira (NGN) na the official currency of Naijíria. Symbol: ₦. ISO 4217 code: NGN. CrossPay dey offer live NGN to GBP exchange rates updated for real time with transparent fees and fast delivery to Yunáítẹ́d Kíndọm.
1 NGN = 0.00055242 GBP
Mid-market reference rate. Your final rate include a small spread — see the calculator below for the exact amount wey you go receive.
No rate history dey available yet.
Rate history dey start build as we dey collect daily snapshots. Live rates still dey available for the calculator up there.