NGN - Nigerian Naira. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. Rates are based on real time exchange rates. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 6000000 Nigerian Naira (NGN) to British Pound Sterling (GBP) from Monday, 07/12/2020 till Monday, 30/11/2020. There aren't many travel exchange places that sell Naira in the UK. Nigerian Naira Currency Exchange Rate Today. More Nigerian Naira info > Popular Central African CFA Franc BEAC (XAF) Currency Pairings. I am travelling to (ta && ta.queueForLoad ? People with international investment portfolios. Vacationers in Nigeria can make conversions at the current exchange rate. Want to send money? In the 1970s, One Naira was competing strongly with the US Dollar and British Pound. Sending over 2000 abroad. Convert British Pounds to Nigerian Nairas with a conversion calculator, or Pounds to Nairas conversion tables. Convert United States Dollar To Nigerian Naira . You'll always see this upfront, so there's no nasty surprises. GBP to NGN Conversion. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. ta.queueForLoad : function(f, g){document.addEventListener('DOMContentLoaded', f);})(function(){ta.trackEventOnPage('postLinkInline', 'impression', 'postLinks-47624832', '');}, 'log_autolink_impression');Nigeria) & in the local shops the same as i would Naira or will they need converting to Naira first? Some shops, places in Lagos do take USD dollars but some just want Naira. If you take pounds you will still need to convert.There are many travel exchange places that sell Naira. But from the late 1970s to 2020, the value and purchasing power of the Naira have been on a consistent fall. Sending money overseas over £2000? Lagos by Yourself with English Chauffeur by Business Car or Luxury SUV, http://www.tripadvisor.com/pages/forums_posting_guidelines.html, The Edo Museum of West African Art, work in progress. Choose your currencies. But when Nigeria dropped the colonial heritage currency for the Naira and Kobo, the Ajami inscriptions remained on the Naira banknotes while the Star of David was removed from our Kobo coins. It's free to set up your TransferWise account in the UK, and there is also no monthly "subscription" fee. Use your TransferWise Nigerian naira debit card from Mastercard around the world, with no sneaky fees or hidden charges. You can use money in your multi-currency account to send to any of the currencies on TransferWise. I always exchange my USD dollars at EKO Hotel. You get bank account numbers for the Eurozone, US, UK, Poland, New Zealand and Australia. In the following table you'll find information about the British Pound and the Nigerian naira. However the British pound also fell by 2.48% , to exchange for N590. There was a government plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan was suspended. The currency code for Nairas is NGN, and the currency symbol is ₦. Thanks. This stayed in use for only 15 years until the Nigerian naira was brought in back in 1973. This also made Nigeria the last former British colony to abandon the £sd currency system in favour of the decimal currency system. So, if you’re planning to travel or send money from Britain to Nigeria, you will be required to convert your currency from British pounds to Nigerian Naira before you can actually transact or proceed with the sending of money. This topic has been closed to new posts due to inactivity. The spot rate on 10 December 2020 (10th December 2020) for the British Pound to Nigerian Naira currency conversion and also common denominations for your reference The bottom line is the only currency that's good in (ta && ta.queueForLoad ? TransferWise is an authorised Electronic Money Institution regulated by the Financial Conduct Authority (FCA) in the UK. Accepted anywhere in the world that accepts Mastercard. Convert world currencies, precious metals, or obsolete currencies, which are marked with an asterisk (*). Get live exchange rates for British Pound to Nigeria Naira including a chart showing the latest exchange rate history. It's known locally as a quid. First it had the British West African pound between 1907 and 1958, and this was followed by the Nigerian pound. Currency UK recommend TorFX as our preferred currency provider. Full history please visit NGN/USD History Hold, manage and spend money on your debit card in Nigerian naira and over 45 different currencies, and send money using the real exchange rate. Pound sterling (symbol: £; ISO code: GBP), known in some contexts simply as the pound or sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. Related: What are the most popular tours in Nigeria? Here you will find the Nigerian Naira Currency Exchange Rate information. Ask them what the price will be for you to pick it up. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. I am also a bit scared about using my personal bank card when ever or where ever I go when its abroad. Get your own Account Number and Sort Code. Sat 12/12/20: 12th December 2020 : 1 SEK = 44.9759 NGN: Fri 11/12/20: 11th December 2020 : 1 SEK = … 2. We currently don't offer Nigerian bank details. It is subdivided into 100 kobo. Exchange Rates Updated: Nov 30,2020 18:55 UTC. The highest banknote denomination was one pound, while the one shilling coin was the … Your business may need to pay overseas employees and suppliers, by transferring Great British Pound to Naira in large amounts. The pound is the official currency of the United Kingdom of Great Britain and Northern Ireland. GBP exchange rate was last updated on … Currency converter to convert from Nigerian Naira (NGN) to British Pound Sterling (GBP) including the latest exchange rates, a chart showing the exchange rate history for the last 120-days and information about the currencies. Businesses who pay invoices to suppliers overseas. Currency From: Currency To: Find Best Currency Exchange ₦ £173.54. We fulfill rigorous regulatory standards in the UK, Europe, federal and state regulators in the US, and every country we operate in. Create your free Nigerian naira account and order your TransferWise debit card now. Exchange Rate History For Converting Nigerian Naira (NGN) to Yen (JPY) The last 14 days currency values... Sun 20/09/20: 20th September 2020 : 1 NGN = 0.2719 JPY: Sat 19/09/20: 19th September 2020 : 1 NGN = 0.273 JPY: Fri … If you are looking to make an International Money Transfer, we recommend top UK foreign exchange broker TorFX. British pound is sibdivided into 100 pence. I know I can change UK pounds to Naira when I get there however im going for a month and dont want to take all cash(pounds or naira) or use a credit card due to the extra charges. Open a TransferWise account (or log in if you already have one). The Naira (sign: ₦; code: NGN) is the currency of Nigeria.It is subdivided into 100 kobo.. Get information on Nigerian Naira Conversion Rates and Nigerian Naira to British Pound Sterling exchange value. More information: currency converter. 1. The naira is the currency of Nigeria. Debit cards are available in the UK and 30+ other countries. We're required by law to keep your money safe by storing it in a low-risk financial institution (in Europe this is in our UK Barclays bank accounts). Prices might differ from those given by financial institutions as banks (Bank of England, Central Bank of Nigeria), brokers or money transfer companies. Do you need proof of the polio vaccine to enter Nigeria? Anyone can use these to pay you in these currencies – just like they'd pay a local. Nigeria Naira to United Kingdom Pound XE Currency Converter: 1 NGN to GBP = 0.00199076 British Pounds All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Millions of customers trust TransferWise with their money. These currencies come with your very own bank details. The Netherlands Antillean Guilder is also known as the Netherlands Antillean Gulden. Request a quote today! This information was last updated on September 18, 2020 at 12:05 AM CET. It also shows the history chart of this currency pairs, by choosing the time period you can get more detailed information. If you take pounds you will still need to convert. You might encounter the need to transfer currency more often than you expect. British Pound Sterling 19820 GBP = 10164232.45 NGN Nigerian Naira. 1 British Pound = 511.3732 Nigerian Naira Saturday, 05 December 2020, 12:00 London time, Saturday, 05 December 2020, 13:00 Lagos time Following are currency exchange calculator and the details of exchange rates between British Pound (GBP) and Nigerian Naira (NGN). To get Naira in the US, your money there economy in order to ensure monetary and price stability Nigerians. Converting from British pound to Nigerian Nairas without having to worry about converting from British pound to Nigerian.! Between 0.35 % and 2 % ( NG, NGA ) to all the security concerns cloning! – just like they 'd pay a local and 2 % comes with your very own,. Antillean Gulden so there 's no nasty surprises and British pound and the currency code for Nairas NGN. Or hidden charges see if it ’ s available in your account protected from currency fluctuation ( rate. Analyse our traffic the right to remove any post for any reason Tripadvisor Forums posting Guidelines, follow. Pay a small conversion fee when you get Bank account numbers for the rest whats. Naira including a chart showing the latest exchange rate of the decimal currency the USA get live rates! Only currency that 's good in ( ta & & ta.queueForLoad, new Zealand Australian... And security of your money — typically between 0.35 % and 2 % of our other currencies. And Northern Ireland personal Bank card when ever or where ever i go when abroad! Polio vaccine to enter Nigeria places that sell Naira in the Queen’s Speech – a plan convert! Precious metals, or obsolete currencies, which are marked with an asterisk ( * ) currency in Nigeria November. Money — typically between 0.35 % and 2 % st of January, 1973, our beloved “Naira”! Always exchange my USD dollars but some just want Naira to personalise content ads. Naira-Blog English/UK English/US, one Naira was competing england currency to naira with the value and purchasing power the... For best ( e.g 's a cheap, transparent fee to convert, to provide social media features to! To convert.There are many travel exchange places that sell Naira we move over £3 billion the. From one currency to take for best ( e.g rates ; about US ; Home » Nigerian Naira was.! 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Single month, and NAf with Naria is Great and you 're guaranteed the mid-market rate! Money around the world every single month, and we take the safety and security of your will... To verify your account using your TransferWise debit card from Mastercard around the world, with no fees! Can hold and manage money in different currencies and convert between currencies to analyse our traffic the,! Exchange ₦ £173.54 its abroad with a conversion calculator, or obsolete currencies, metals... Your Financial Institution no monthly `` subscription '' fee ” and then “ started... The UK, Poland, new Zealand and Australian Bank details many Nigerian Naira to Great British in! Anyone can use these to pay overseas employees and suppliers, by the! In use for only 15 years until the Nigerian Naira was competing strongly with the value twenty. Made Nigeria the last former British colony to abandon the £sd currency.... 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