The black market rate for 500 Pounds to Naira is 950,995 NGN as of today, 07:42 AM WAT.
When you convert 500 British Pounds to NGN, you get 950,995 Nigerian Naira, using the rate of 0.000526 GBP for 1 NGN. This is the parallel market rate obtained using the black market average from sources outside the CBN.
You can use the currency converter above to check GBP rates and it’s NGN equivalent. . See also our USDT to Naira rates.
| Currency Conversion | Black Market Rate in Naira |
|---|---|
| 500 British Pounds to Naira | 950,995 |
| 500 Dollars to Naira | 731,100 |
| 500 Tether USD to Naira | 731,275 |
| 500 Euros to Naira | 836,385 |
Last 7 days, 500 GBP was traded for 950,986 NGN, yesterday it went for 950,993.5 NGN, and today it averages 950,995 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 500 British Pounds against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Wednesday, 12th November 2025 | £500 = 950,995 Naira |
| Tuesday, 11th November 2025 | £500 = 950,993.5 Naira |
| Monday, 10th November 2025 | £500 = 950,992 Naira |
| Sunday, 9th November 2025 | £500 = 950,990.5 Naira |
| Saturday, 8th November 2025 | £500 = 950,989 Naira |
| Friday, 7th November 2025 | £500 = 950,987.5 Naira |
| Thursday, 6th November 2025 | £500 = 950,986 Naira |
| Amount in GBP | Naira Equivalent (NGN) |
|---|---|
| 1 Pounds (GBP) to Naira | 1,901.99 |
| 10 Pounds (GBP) to Naira | 19,019.9 |
| 20 Pounds (GBP) to Naira | 38,039.8 |
| 30 Pounds (GBP) to Naira | 57,059.7 |
| 40 Pounds (GBP) to Naira | 76,079.6 |
| 50 Pounds (GBP) to Naira | 95,099.5 |
| 60 Pounds (GBP) to Naira | 114,119.4 |
| 70 Pounds (GBP) to Naira | 133,139.3 |
| 80 Pounds (GBP) to Naira | 152,159.2 |
| 90 Pounds (GBP) to Naira | 171,179.1 |
| 100 Pounds (GBP) to Naira | 190,199 |
| 200 Pounds (GBP) to Naira | 380,398 |
| 300 Pounds (GBP) to Naira | 570,597 |
| 500 Pounds (GBP) to Naira | 950,995 |
| 700 Pounds (GBP) to Naira | 1,331,393 |
| 1,000 Pounds (GBP) to Naira | 1,901,990 |
| 1,500 Pounds (GBP) to Naira | 2,852,985 |
| 2,000 Pounds (GBP) to Naira | 3,803,980 |
| 3,000 Pounds (GBP) to Naira | 5,705,970 |
| 5,000 Pounds (GBP) to Naira | 9,509,950 |
| 10,000 Pounds (GBP) to Naira | 19,019,900 |
The British Pound Sterling (£) is the official currency of the United Kingdom and is highly valued around the world. In Nigeria, people often turn to the black market to trade Pounds due to strict government controls on foreign exchange, resulting in much higher unofficial exchange rates as they try to get foreign currency more easily.
The Nigerian Naira (NGN) is the official currency of Nigeria, issued and regulated by the Central Bank of Nigeria. It is subdivided into 100 kobo and is symbolized by ₦.