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/Ghanaian cedi NGN/Canadian dollar NGN/South African rand
  • 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 = 360.0000 NGN
1 GHS = 70.2439 NGN
1 CAD = 268.6687 NGN
1 ZAR = 25.6100 NGN
1 GBP = 467.8548 NGN
1 EUR = 404.8380 NGN
1 CNY = 53.6961 NGN
1 AED = 98.0078 NGN
1 KES = 3.5503 NGN
1 TRY = 61.9489 NGN
1 OMR = 935.1184 NGN
1 BIL = 0.0224 NGN
1 KWD = 1183.6261 NGN
1 AUD = 257.6518 NGN
1 SAR = 95.9962 NGN
1 LYD = 258.9936 NGN
1 PKR = 2.5424 NGN
1 PHP = 6.9662 NGN
1 BTC = 1922472.0062 NGN
1 JPY = 3.2166 NGN
1 TZS = 0.1562 NGN
1 SEK = 38.7042 NGN
1 BRL = 91.4634 NGN
1 MYR = 87.1146 NGN
1 INR = 5.1881 NGN
1 JOD = 507.7548 NGN
1 LRD = 2.1622 NGN
1 CHF = 354.8378 NGN
1 KPW = 0.4000 NGN
1 THB = 11.3104 NGN
1 DZD = 3.0189 NGN
1 SLL = 0.0429 NGN
1 NZD = 240.7300 NGN
1 QAR = 98.8871 NGN
1 ZMW = 29.2826 NGN
1 ANG = 193.0346 NGN
1 SDG = 7.5551 NGN
1 RUB = 5.6239 NGN
1 AOA = 1.1284 NGN
1 NOK = 42.2997 NGN
1 MAD = 37.4358 NGN
1 MXN = 19.1792 NGN
1 EGP = 20.9473 NGN
1 ARS = 8.6418 NGN
1 UGX = 0.0962 NGN
1 MUR = 10.3449 NGN
1 TND = 119.4477 NGN
1 NPR = 3.2294 NGN
1 BDT = 4.2611 NGN
1 ETB = 12.4567 NGN
1 XCD = 133.2076 NGN
1 GEL = 133.5808 NGN
1 SSP = 2.7636 NGN
1 IDR = 0.0256 NGN
1 NAD = 25.5773 NGN
1 DOP = 7.1111 NGN
1 RON = 85.0965 NGN
1 SCR = 26.2369 NGN
1 SGD = 265.7167 NGN
1 UAH = 13.4046 NGN
1 BBD = 180.0000 NGN
1 BWP = 33.8592 NGN
1 CUP = 13.9806 NGN
1 CUC = 360.0000 NGN
1 LTC = 29407.4747 NGN
1 BND = 266.5372 NGN
1 BHD = 954.9080 NGN
1 XDG = 1.0463 NGN
1 XOF = 0.6172 NGN
1 HKD = 45.8924 NGN
1 XAG = 5401.7869 NGN
1 TTD = 53.1167 NGN
1 COP = 0.1139 NGN
1 PLN = 94.5404 NGN
1 WST = 138.0931 NGN
1 SOS = 0.6199 NGN
1 MZN = 5.5727 NGN
1 SBD = 44.2208 NGN
1 SHP = 467.8548 NGN
1 KZT = 0.9476 NGN
1 AZN = 211.4533 NGN
1 XRP = 119.0045 NGN
1 GMD = 7.2595 NGN
1 FJD = 169.0184 NGN
1 JMD = 2.7864 NGN
1 DKK = 54.2136 NGN
1 XXC = 247.6149 NGN
1 RWF = 0.3990 NGN
1 BSD = 360.0000 NGN
1 KYD = 432.0263 NGN
1 IRR = 0.0086 NGN
1 PEN = 109.2730 NGN
1 TWD = 11.6804 NGN
1 MRO = 1.0084 NGN
1 ERN = 24.0052 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

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