Convert Nigerian Naira to British Pound Sterling
Please provide values below to convert Nigerian Naira [NGN] to British Pound Sterling [GBP], or Convert British Pound Sterling to Nigerian Naira.
How to Convert Nigerian Naira to British Pound Sterling
1 NGN = 2067.95852472305 GBP
Example: convert 15 NGN to GBP:
15 NGN = 15 × 2067.95852472305 GBP = 31019.3778708457 GBP
Nigerian Naira to British Pound Sterling Conversion Table
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.