Pound to Naira Black Market Today — GBP to NGN Rate 8/2/2026
How much is 1 Pound to Naira?
1 Pound (GBP) to Naira Black Market Rate Today - 8/2/2026 is 1895 Naira
Today, the Naira Black Market exchange rate for 1 Great British Pound (GBP) is 1895 Naira. This means that you can get 1895 Naira for every 1 Pound that you exchange. The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.
How much is 100 pounds in naira today? At the current black market rate of 1895 per pound, 100 British Pounds = 189,500 Naira. Use the converter below to calculate any pound amount.
What Factors Affect the Pounds to Naira Black Market Exchange Rate?
There are a number of factors that can affect the Pound Black Market Exchange rate, including:
- Supply and demand for the Pounds
- The political and economic situation in UK and Nigeria
- The value of the US dollar
How to find a Reputable Pounds Black Market Exchange Dealer?
If you are looking to exchange GBP for Naira, it is important to find a reputable dealer. You can find GBP to NGN black market dealers online or in person. However, it is important to be careful when exchanging currency on the Naira Black Market, as there is a risk of being scammed.
Tips for Exchanging Pound for Naira on the Black Market
- Only exchange Pounds (GBP) with reputable dealers.
- Ask for a written receipt for the exchange.
- Be aware of the current Pound to Naira Black Market Exchange rate before you exchange your currency.
- Do not exchange large amounts of Pound currency at once.
Black Market Rates
BUY
₦ 1412
DOLLAR (USD)
SELL
₦ 1422
BUY
₦ 1595
EURO (EUR)
SELL
₦ 1615
BUY
₦ 1020
DOLLAR (CAD)
SELL
₦ 1080
BUY
₦ 75
RAND (ZAR)
SELL
₦ 90
BUY
₦ 350
DIRHAM (AED)
SELL
₦ 370
BUY
₦ 190
YUAN (CNY)
SELL
₦ 205
BUY
₦ 95
G.CEDI (GHS)
SELL
₦ 110
BUY
₦ 2300
CFA F.(XOF)
SELL
₦ 2400
BUY
₦ 2150
CFA F.(XAF)
SELL
₦ 2250
BUY
₦ 800
AUSSIE (AUD)
SELL
₦ 900
Pound to Naira Black Market Currency Converter
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Convert Pound to Naira rate in the Black Market?
Here is an easy access to convert the Great British Pound (GBP) to Nigerian Naira using the Black Market Rates
Also you can convert the Nigerian Naira to Great British Pound (GBP) Currency using this currency converter
Pounds to Naira Currency Conversion Table
| Amount in Pound (￡) | Black Market Pound to Naira (Naira) |
|---|---|
| 1 Pounds (￡1) to Naira | 1,895 |
| 5 Pounds (￡5) to Naira | 9,475 |
| 10 Pounds (￡10) to Naira | 18,950 |
| 20 Pounds (￡20) to Naira | 37,900 |
| 50 Pounds (￡50) to Naira | 94,750 |
| 100 Pounds (￡100) to Naira | 189,500 |
| 200 Pounds (￡200) to Naira | 379,000 |
| 300 Pounds (￡300) to Naira | 568,500 |
| 400 Pounds (￡400) to Naira | 758,000 |
| 500 Pounds (￡500) to Naira | 947,500 |
| 600 Pounds (￡600) to Naira | 1,137,000 |
| 800 Pounds (￡800) to Naira | 1,516,000 |
| 1000 Pounds (￡1000) to Naira | 1,895,000 |
| 5000 Pounds (￡5000) to Naira | 9,475,000 |
| 10000 Pounds (￡10000) to Naira | 18,950,000 |
Naira to Pound Currency Conversion Table
| Amount in Naira | Black Market Rate in Pound (￡) |
|---|---|
| 1 Naira to GBP | 0.001 |
| 5 Naira to GBP | 0.003 |
| 10 Naira to GBP | 0.005 |
| 20 Naira to GBP | 0.011 |
| 50 Naira to GBP | 0.026 |
| 100 Naira to GBP | 0.053 |
| 200 Naira to GBP | 0.106 |
| 300 Naira to GBP | 0.158 |
| 400 Naira to GBP | 0.211 |
| 500 Naira to GBP | 0.264 |
| 600 Naira to GBP | 0.317 |
| 800 Naira to GBP | 0.422 |
| 1000 Naira to GBP | 0.528 |
| 5000 Naira to GBP | 2.639 |
| 10000 Naira to GBP | 5.277 |
Does Aboki Forex Trade (Exchange) Currencies?
No, we do not trade any currency pair. Aboki Forex is purely an information platform that provides real-time black market and official CBN exchange rates. To exchange currency, contact a licensed Bureau de Change (BDC), your bank, or a trusted local forex dealer.
Is AbokiFx the same as Aboki Forex?
No, Aboki Forex (abokiforex.app) and AbokiFx are two separate and unaffiliated platforms. We are not connected to AbokiFx in any way. Aboki Forex provides live black market and CBN exchange rates for all major currencies versus the Nigerian Naira.
How can I Exchange Currency in Nigeria?
To exchange foreign currency in Nigeria, you have several options: (1) Visit a licensed Bureau de Change (BDC) — these are regulated by the CBN and found in major cities. (2) Use your commercial bank — they offer official CBN rates for account holders. (3) Use a trusted local forex market dealer — these operate in parallel/black market and typically offer higher rates than banks. Always verify the current rate on Aboki Forex before exchanging to ensure you get a fair deal.
Are the Black Market Rates accurate in all Markets?
Aboki Forex provides average black market rates collected from multiple dealers across major Nigerian cities including Lagos, Abuja, Kano, and Port Harcourt. Because the parallel market is unregulated, actual rates vary by location, dealer, and transaction size. The rates on Aboki Forex are a reliable benchmark, but always confirm the exact rate with your dealer before completing any transaction.
What is the difference between CBN, I&E and Black Market Rates?
The CBN (Central Bank of Nigeria) rate is the official government exchange rate used by commercial banks and regulated financial institutions. The I&E (Investors and Exporters) window was a market-based rate that has now been merged with the official CBN rate following Nigeria's forex unification policy. The Black Market rate (also called the parallel market or street rate) is typically higher than the official rate and reflects actual supply and demand dynamics for foreign currency in Nigeria outside the regulated banking system.
How often are the exchange rates updated on Aboki Forex?
Black market exchange rates on Aboki Forex are updated every hour throughout the trading day. The rates reflect real-time data collected from parallel market dealers across Nigeria. CBN official rates are updated daily, typically after the Central Bank of Nigeria publishes its official rates each business day.
What is the best way to send money from the USA to Nigeria?
The best way to send money from the USA to Nigeria depends on the amount: Sendwave charges zero fees for everyday transfers, Wise gives the best exchange rate on larger amounts, and USDT P2P delivers naira closest to the black market rate. Note that Zelle, Cash App, and Venmo cannot send money to Nigeria. See our full guide on how to send money from the USA to Nigeria, and check the live dollar to naira black market rate before you send.
Why is the black market dollar to naira rate higher than the official CBN rate?
The black market dollar to naira rate is higher than the official CBN rate because of the gap between foreign currency supply and demand in Nigeria. The Central Bank of Nigeria controls access to dollars at the official rate, limiting who can buy forex through official channels. Businesses and individuals who cannot access dollars through banks must turn to the parallel market, where higher demand relative to supply drives up the exchange rate.