Currency of Nigeria: Nigerian naira, today's rate ₦
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
- the Nigerian naira was introduced in 1 Jan 1973 (52 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 )
More information: currency converter.
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.
Exchange rate of Nigerian naira , currency of Nigeria
NGN All currencies
NGN/currency | Converter | |
---|---|---|
Nigerian naira to Central African CFA franc | 1 NGN = 0.3671 XAF | |
Nigerian naira to Bangladeshi taka | 1 NGN = 0.0795 BDT | |
Nigerian naira to Mauritanian ouguiya | 1 NGN = 0.2263 MRO | |
Nigerian naira to Indian rupee | 1 NGN = 0.0562 INR | |
Nigerian naira to British pound | 1 NGN = 0.0005 GBP | |
Nigerian naira to euro | 1 NGN = 0.0006 EUR | |
Nigerian naira to Pakistani rupee | 1 NGN = 0.1860 PKR | |
Nigerian naira to UAE dirham | 1 NGN = 0.0024 AED | |
Nigerian naira to Australian dollar | 1 NGN = 0.0010 AUD | |
Nigerian naira to Canadian dollar | 1 NGN = 0.0009 CAD |
All currencies NGN
currency/NGN | Converter | |
---|---|---|
Ghanaian cedi to Nigerian naira | 1 GHS = 146.9737 NGN | |
US dollar to Nigerian naira | 1 USD = 1528.5180 NGN | |
West African CFA franc to Nigerian naira | 1 XOF = 2.7238 NGN | |
Saudi riyal to Nigerian naira | 1 SAR = 407.5511 NGN | |
Bangladeshi taka to Nigerian naira | 1 BDT = 12.5732 NGN | |
East Caribbean dollar to Nigerian naira | 1 XCD = 565.5850 NGN | |
Central African CFA franc to Nigerian naira | 1 XAF = 2.7238 NGN | |
South Sudanese pound to Nigerian naira | 1 SSP = 11.7344 NGN | |
Swedish krona to Nigerian naira | 1 SEK = 159.8808 NGN | |
Ounces of Copper to Nigerian naira | 1 XCP = 19533351.1171 NGN | |
Chilean unit of account to Nigerian naira | 1 CLF = 61278.1749 NGN |
Currency Of Nigeria
Major currencies
currency | ISO 4217 |
---|---|
US dollar | USD |
Indian rupee | INR |
Bangladeshi taka | BDT |
British pound | GBP |
euro | EUR |
Pakistani rupee | PKR |
UAE dirham | AED |
Australian dollar | AUD |
Saudi riyal | SAR |
Canadian dollar | CAD |