Do you know what the exchange rate is as of 23 June 2026? Well, in Lagos and Abuja where our reporter checked, the black market rate of 1 Pounds to Nigerian Naira is 1880 NGN.
So be informed that if you want to buy 1 Pounds at today's aboki rate, you will spend nothing less than 1880 NGN.
On the other hand, if you have 1 Pounds to sell, here’s what the aboki rate will get you: 1845 NGN for GBP.
Note: Aboki exchange rates change frequently. Bookmark and check this page often for fresh updates.
1 GBP = 1880 NGN
British Pound to Naira Calculator
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What is the exchange rate of pounds to naira? Are you interested in knowing today’s current exchange rate to that of British pounds and sterling? In this article you will get to know everything about GBP to naira black market rate.
GBP is no doubt one of the oldest currencies in the world and as of today, the inflation rate is pegged at just 0.10%. Please note that the CBN policies have a great influence on the GBP to naira exchange rate. If it favours the Naira, the Naira will gain or appreciate significantly against the pounds both in the parallel market and the forex market. On a lighter note, any new policy adopted by the CBN impacts the black market exchange rate.
Other factors that affect the pounds to naira exchange rate include the activities of hoarders who would rather hold on to their pounds than dispose of them, just to cash out big time. Aminu Gwadebe, president of ABCON, blamed the illegal cash evacuation done through Nigerian borders as one of the factors responsible for the fall of the Naira against pounds in the parallel exchange market.
If the CBN wants to boost the strength of the Naira, it must be ready to consistently inject more liquidity into the retail sector of the FX market, as this will go a long way to curb the illegal activities of hoarders.
Please note that if the Central Bank of Nigeria fails to constantly inject liquidity, the huge demand for GBP (pounds) by manufacturers and foreign investors will dry up the scarce liquidity in the market and mount pressure on the already volatile market, driving the pounds upwards.