Pound to Naira exchange rate today, December 4, 2025
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The British Pound Sterling (GBP) recorded marginal movements against the Nigerian Naira (NGN) on Thursday, December 4, 2025, reflecting a continued trend of convergence between the official and parallel market rates.
According to real-time data from the Nigerian Foreign Exchange Market (NFEM), the official exchange rate for the Pound is currently trading at approximately ₦1,930.87 to the pound. This represents a slight decline of roughly 0.18% from the previous day’s rate of ₦1,933.07, highlighting a stable but cautious trading session in the official window.
Official NFEM Rates
Data from the FMDQ and authorised dealers indicates a tight trading range for the day:
Opening Rate: ₦1,909.61
Daily High: ₦1,931.13
Daily Low: ₦1,911.11
Close: ₦1,930.87
Commercial lenders are quoting rates within the ₦1,914.61 (Bid) and ₦1,931.27 (Offer) bandwidth, maintaining liquidity in the official channels.
Parallel Market
In the parallel (black) market, the Naira is trading at near parity with the official rate, a signal of the reduced arbitrage opportunities that characterised previous years. Street traders and unauthorised dealers are exchanging the Pound at rates ranging between ₦1,927.00 and ₦1,935.00.
Some digital money transfer operators (IMTOs) such as Remitly are offering slightly higher promotional rates for inflows, peaking around ₦1,977.24, incentivising diaspora remittances.
Year-on-Year Performance
Market analysts note a strengthening of the Naira compared to this time last year. On December 4, 2024, the GBP/NGN rate stood significantly higher at approximately ₦2,067.69. Today’s rate of roughly ₦1,930 represents a year-on-year appreciation of the Naira against the Pound by approximately 6.68%, attributed to sustained FX reforms and market stabilisation measures.
Cross-Rate Context
The Pound’s position against the Naira is also influenced by its performance against the US Dollar. With the NFEM USD/NGN rate hovering around ₦1,448 – ₦1,450, the current Pound rate aligns with the standard GBP/USD cross-rate of approximately 1.33.
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