The parallel market — wey dem dey call black market or aboki rate — na the informal street price for British Pound and Nigerian Naira, 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 GBP to NGN 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 GBP dey equal 1,796.10032844 NGN 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 GBP dey worth 1,796.10032844 NGN 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.
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 GBP to NGN 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.
Most GBP to NGN transfers dey arrive within minutes to 1 business day, depending on the payment method and time of day.
0.1% platform fee plus a small ~0.5% exchange rate spread — about 0.6% total on transfers of £100 or more. Smaller transfers fit see higher effective % because of the per-transfer fee floor; the live calculator dey show the exact fee for your amount before you commit. Still significantly less than most banks and traditional remittance services.
The minimum transfer na £5 and the maximum na £250,000 per transaction. Higher limits dey available for approved KYC users.
You fit pay via UK bank transfer (Faster Payments) or debit/credit card. Bank transfers normally faster and fee-free.
We dey use the mid-market rate with small 0.5% spread. You fit check the live rate on our converter page before you send.
Yes. Once you send money, you fit track the transfer status for real-time from your dashboard. You go also receive email and SMS notifications at each stage.
We dey deliver funds directly to any Nigerian bank account. The recipient dey receive Naira (NGN) to their bank within the estimated delivery time.
British Pound (GBP) na the official currency of Yunáítẹ́d Kíndọm. Symbol: £. ISO 4217 code: GBP. CrossPay dey offer live GBP to NGN exchange rates updated for real time with transparent fees and fast delivery to Naijíria.
Use CrossPay to send money from Yunáítẹ́d Kíndọm to Naijíria with great rates, low fees, and 0-1 day delivery.
Send Money to Naijíria1 GBP = 1,796.10032844 NGN
Mid-market reference rate. Your final rate include a small spread — see the calculator below for the exact amount wey you go receive.