|Nigerian naira to West African CFA franc||1 NGN = 1.5618 XOF|
|Nigerian naira to Indian rupee||1 NGN = 0.1885 INR|
|Nigerian naira to Ghanaian cedi||1 NGN = 0.0131 GHS|
|Nigerian naira to Indonesian rupiah||1 NGN = 39.0125 IDR|
|Nigerian naira to Central African CFA franc||1 NGN = 1.5618 XAF|
|Nigerian naira to Canadian dollar||1 NGN = 0.0037 CAD|
|Nigerian naira to British pound||1 NGN = 0.0021 GBP|
|Nigerian naira to Philippine peso||1 NGN = 0.1478 PHP|
|Nigerian naira to Kenyan shilling||1 NGN = 0.2803 KES|
|Nigerian naira to Tanzanian shilling||1 NGN = 6.3197 TZS|
|Nigerian naira to Ugandan shilling||1 NGN = 10.7349 UGX|
|Nigerian naira to South African rand||1 NGN = 0.0373 ZAR|
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 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.