Currency of Nigeria: Nigerian naira ₦

Nigeria

The Nigerian Naira is the currency of Nigeria. The code of Nigerian naira is NGN. We use as symbol of Nigerian naira. The Nigerian Naira is divided in 100 kobo. NGN is regulated by Central Bank of Nigeria.

Did you know:

  • The most popular conversions of Nigerian naira are NGN/US dollar NGN/Canadian dollar NGN/South African rand NGN/British pound
  • the Nigerian naira was introduced in 1 Jan 1973 (46 years ago).
  • There are 3 coins for the Nigerian naira ( 0.5 , 1 and 2 ),
  • the Nigerian naira has 9 banknotes ( , 5 , 10 , 20 , 50 , 100 , 200 , 500 and 1000 )

The Naira of Nigeria

The Naira was a major international exchange currency during the 1970's even attaining a rate of exchange of 2 Nairas to the US Dollar at the time of its first issue in 1973 in place of the Pound. Nowadays, after serious monetary devaluation, 1 US Dollar is equivalent to over 160 Nairas.

The Naira is subdivided into 100 Kobos. Few of the latter are currently in circulation due to the devaluation of the Nigerian currency. The only coins in current circulation are of 50 Kobos, and 1 et 2 Nairas.

Where banknotes are concerned, in the 1990's banknotes ceased to exist, except for the 5,10 and 20 Naira notes. But, by contrast with the fate of the coins although still due to the growing inflation, 50, 100, 200, 500 and even 1,000 Naira banknotes have been introduced in the years 2000.

The 1 Naira banknote carries the image of a mask on its reverse side. The sculpting of masks is a major art form in Africa. The shapes, sizes and materials are many and varied. When they represent animals, they are supposed to bring their characteristic qualities to the bearer. When they are in the form of human faces, they tend to be those of sorcerers, who mediate between the divine and human dimensions. Nigerian traditions and customs are also presented on the 5 Naira bill with the ritual dances of the Nkpokiti troupe.

Converter Nigerian naira

The NGN converter is provided without any warranty. Prices might differ from those given by financial institutions as banks, brokers or money transfer companies.

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Exchange rate of Nigerian naira , currency of Nigeria

currency/NGN Converter
1 USD = 360.2510 NGN
1 CAD = 273.0995 NGN
1 ZAR = 25.0882 NGN
1 GBP = 459.1686 NGN
1 EUR = 410.7690 NGN
1 GHS = 67.0090 NGN
1 CNY = 52.3555 NGN
1 AED = 98.0758 NGN
1 KES = 3.5353 NGN
1 TRY = 62.0790 NGN
1 KWD = 1185.7885 NGN
1 BTC = 4015494.2520 NGN
1 AUD = 250.5713 NGN
1 PHP = 7.0200 NGN
1 OMR = 935.6797 NGN
1 BIL = 0.0228 NGN
1 BRL = 94.1265 NGN
1 SAR = 96.0540 NGN
1 TZS = 0.1564 NGN
1 JPY = 3.3657 NGN
1 LYD = 259.4369 NGN
1 PKR = 2.2918 NGN
1 MYR = 86.9553 NGN
1 INR = 5.2010 NGN
1 SEK = 38.8284 NGN
1 NZD = 239.2058 NGN
1 RUB = 5.7566 NGN
1 LRD = 1.8470 NGN
1 NOK = 42.4544 NGN
1 SGD = 266.2231 NGN
1 JOD = 508.1096 NGN
1 ZMW = 27.6785 NGN
1 DZD = 3.0347 NGN
1 QAR = 98.9268 NGN
1 TND = 124.5978 NGN
1 THB = 11.7266 NGN
1 UAH = 13.7647 NGN
1 CHF = 370.9578 NGN
1 MXN = 18.7529 NGN
1 KPW = 0.4003 NGN
1 EGP = 21.5732 NGN
1 UGX = 0.0978 NGN
1 MUR = 10.1499 NGN
1 SLL = 0.0429 NGN
1 GMD = 7.2525 NGN
1 ANG = 192.2770 NGN
1 MAD = 37.8767 NGN
1 BDT = 4.2666 NGN
1 XCD = 133.2999 NGN
1 AOA = 1.0587 NGN
1 NPR = 3.2465 NGN
1 MZN = 5.7929 NGN
1 IDR = 0.0255 NGN
1 SDG = 7.9917 NGN
1 ILS = 100.0390 NGN
1 XDG = 1.2155 NGN
1 ETB = 12.5790 NGN
1 SSP = 2.7655 NGN
1 ARS = 8.4926 NGN
1 JMD = 2.7762 NGN
1 CUP = 13.9903 NGN
1 LTC = 49014.6220 NGN
1 GEL = 129.3537 NGN
1 XRP = 169.0491 NGN
1 RWF = 0.3957 NGN
1 PEN = 109.1449 NGN
1 WST = 137.8748 NGN
1 TTD = 53.2410 NGN
1 COP = 0.1126 NGN
1 PLN = 96.5908 NGN
1 BWP = 33.7817 NGN
1 XOF = 0.6262 NGN
1 SCR = 26.3717 NGN
1 KHR = 0.0891 NGN
1 NIO = 10.9380 NGN
1 DKK = 55.0167 NGN
1 VND = 0.0155 NGN
1 BSD = 360.2510 NGN
1 FJD = 167.2935 NGN
1 RSD = 3.4870 NGN
1 CRC = 0.6164 NGN
1 SOS = 0.6232 NGN
1 IRR = 0.0086 NGN
1 XAG = 5568.5562 NGN
1 BND = 266.7435 NGN
1 NAD = 25.1641 NGN
1 HTG = 3.8627 NGN
1 ALL = 3.3739 NGN
1 CVE = 3.7004 NGN
1 BBD = 180.1247 NGN
1 SZL = 25.1641 NGN
1 HKD = 46.1483 NGN
1 MRO = 1.0091 NGN
1 DOP = 7.1717 NGN
1 SBD = 43.7826 NGN
1 AZN = 211.6003 NGN
1 SYP = 0.6994 NGN
1 LKR = 2.0425 NGN
1 LSL = 25.1641 NGN
1 AMD = 0.7558 NGN
1 XAF = 0.6262 NGN
1 XXC = 251.2425 NGN

Use of the converter

Enter the amount to convert at the top and choose a second currency., You can also get the history of the price rate by clicking on the "convert" button., If you want to see the parity of the NGN currency with other currencies, go to the table " Nigerian naira exchange rate" below.
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The last update to the Mataf NGN Currency Converter is dated from

1000 Nigerijos nairų
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