Pound Sterling to Nigerian Naira — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Nigeria

Currency Code, Symbol: NGN, ₦

Denominations of coins in circulation: 50 kobo, ₦1, ₦2

Denominations of banknotes in circulation: ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000

History: The Nigerian naira (₦) is the national currency of Nigeria, a state located in Africa. The currency does not circulate in other countries. In international currency exchange, it is usually abbreviated to NGN.The Nigerian naira can be subdivided into kobo. Every NGN has 100 kobo. The currency has first been issued in 1973, replacing the Nigerian pound. In 2014, the Treasury of Nigeria issued a series of commemorative banknotes worth 100 naira. The notes have a new design, an additional level of protection, and a code that refers you to a site with the history of the country.Read More