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/British pound 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 = 361.4996 NGN
1 GHS = 68.5957 NGN
1 GBP = 466.0841 NGN
1 ZAR = 25.6819 NGN
1 CNY = 53.3729 NGN
1 EUR = 408.3680 NGN
1 CAD = 272.9222 NGN
1 AED = 98.4204 NGN
1 AUD = 258.3267 NGN
1 KES = 3.6106 NGN
1 OMR = 938.8892 NGN
1 TRY = 68.5816 NGN
1 KWD = 1189.1073 NGN
1 BTC = 1298124.8192 NGN
1 SAR = 96.3857 NGN
1 JPY = 3.2717 NGN
1 PHP = 6.9046 NGN
1 MYR = 88.5051 NGN
1 LRD = 2.2453 NGN
1 BIL = 0.0226 NGN
1 PKR = 2.5979 NGN
1 SEK = 38.9820 NGN
1 GMD = 7.2956 NGN
1 LYD = 261.0097 NGN
1 RUB = 5.4535 NGN
1 JOD = 509.5110 NGN
1 MXN = 18.7863 NGN
1 TZS = 0.1551 NGN
1 QAR = 99.2830 NGN
1 SLL = 0.0431 NGN
1 MZN = 5.8166 NGN
1 SGD = 266.4353 NGN
1 DZD = 3.0371 NGN
1 JMD = 2.6865 NGN
1 NZD = 248.2058 NGN
1 THB = 11.5628 NGN
1 BDT = 4.3019 NGN
1 INR = 5.0676 NGN
1 TTD = 53.3504 NGN
1 ANG = 200.3277 NGN
1 BND = 267.6279 NGN
1 TND = 121.0474 NGN
1 UAH = 13.2729 NGN
1 SSP = 2.7751 NGN
1 NOK = 41.8572 NGN
1 ETB = 12.6398 NGN
1 IDR = 0.0256 NGN
1 UGX = 0.0985 NGN
1 CHF = 359.5580 NGN
1 SDG = 7.5866 NGN
1 XDG = 0.6951 NGN
1 IQD = 0.3035 NGN
1 EGP = 20.6141 NGN
1 ARS = 9.3648 NGN
1 BWP = 34.2916 NGN
1 XCD = 133.7622 NGN
1 MUR = 10.5229 NGN
1 CUC = 361.4996 NGN
1 CRC = 0.5938 NGN
1 ZMW = 30.4498 NGN
1 RWF = 0.4085 NGN
1 BRL = 97.6392 NGN
1 PLN = 94.1995 NGN
1 TWD = 11.7258 NGN
1 PEN = 108.6074 NGN
1 SCR = 26.4573 NGN
1 LTC = 15529.4261 NGN
1 MRO = 1.0126 NGN
1 SHP = 466.0841 NGN
1 AOA = 1.1506 NGN
1 GEL = 137.1914 NGN
1 NPR = 3.1808 NGN
1 WST = 138.0970 NGN
1 PXC = 0.6331 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 Naira Nigeria
100 Naira Nigeria
10 Naira Nigeria
Naira Nigeria
20 Naira Nigeria
200 Naira Nigeria
500 Naira Nigeria
50 Naira Nigeria
5 Naira Nigeria
1 Naira Nigeria