Convert 1 British Pound Sterling (GBP) to Nigerian Naira (NGN)
Exchange rates used for currency conversion updated on 26th July 2014 ( 26/07/2014 )
Below you will find the latest exchange rate for exchanging British Pound Sterling (GBP) to Nigerian Naira (NGN) , a table containing most common conversions and a chart with the pair's evolution.
The British Pound Sterling (GBP) to Nigerian Naira (NGN) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
Monetary policies affecting the pound sterling (GBP) are dispersed amongst 8 separate central banks throughout the territories, dependencies, and countries of the United Kingdom. The Bank of England is the primary central bank and is responsible for monetary policy and currency issuance in England, Wales, Scotland, and Northern Ireland. This floating currency is the third most widely held reserve currency in the world. The future of the GBP is dependent upon the political decision of whether or not to allow the GBP to be absorbed by the euro, effectively placing all of the United Kingdom into the eurozone.
About Nigerian Naira (NGN)
Nigeria is a country in Africa that borders the Gulf of Guinea on the Atlantic Ocean. The naira is the official currency of the country and is divided into 100 kobo. Denominations of the naira include N5, N10, N20, N50, N100, N200 and N500. Most banks do not offer currency exchange so visitors must find moneychangers in order to convert foreign currency into naira.