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 (47 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 = 364.4711 NGN
1 GHS = 68.6211 NGN
1 GBP = 471.6171 NGN
1 ZAR = 24.1179 NGN
1 CAD = 274.3166 NGN
1 CNY = 51.8412 NGN
1 EUR = 395.9650 NGN
1 AED = 99.2296 NGN
1 TRY = 59.5519 NGN
1 KES = 3.6029 NGN
1 PHP = 7.1549 NGN
1 BTC = 3505448.9762 NGN
1 OMR = 946.5917 NGN
1 KWD = 1191.4240 NGN
1 SAR = 97.1712 NGN
1 INR = 5.0718 NGN
1 BRL = 83.0512 NGN
1 UGX = 0.0996 NGN
1 MYR = 86.3162 NGN
1 BIL = 0.0219 NGN
1 LYD = 258.3161 NGN
1 TZS = 0.1584 NGN
1 RUB = 5.5882 NGN
1 ZMW = 24.8382 NGN
1 EGP = 23.4257 NGN
1 NZD = 231.6208 NGN
1 CHF = 372.4556 NGN
1 LRD = 1.8454 NGN
1 DZD = 3.0203 NGN
1 PKR = 2.3714 NGN
1 IDR = 0.0262 NGN
1 ANG = 204.3290 NGN
1 KPW = 0.4050 NGN
1 NOK = 39.0683 NGN
1 AUD = 241.2920 NGN
1 ETB = 11.5060 NGN
1 TND = 127.2479 NGN
1 SGD = 260.9875 NGN
1 ILS = 106.4316 NGN
1 SSP = 2.7980 NGN
1 XRP = 98.9012 NGN
1 QAR = 100.1016 NGN
1 MAD = 37.6028 NGN
1 SEK = 37.4743 NGN
1 KRW = 0.3006 NGN
1 JOD = 514.0620 NGN
1 SDG = 6.8445 NGN
1 MUR = 9.7171 NGN
1 JPY = 3.2869 NGN
1 NPR = 3.1849 NGN
1 AOA = 0.7393 NGN
1 MXN = 19.1636 NGN
1 CUP = 14.1542 NGN
1 NAD = 24.3467 NGN
1 SLL = 0.0479 NGN
1 ARS = 5.9037 NGN
1 UAH = 14.9297 NGN
1 BWP = 33.0263 NGN
1 VND = 0.0157 NGN
1 XDG = 0.9447 NGN
1 BDT = 4.3057 NGN
1 GEL = 130.4005 NGN
1 SCR = 26.5938 NGN
1 MZN = 5.6137 NGN
1 XCD = 134.8613 NGN
1 COP = 0.1082 NGN
1 BHD = 966.6737 NGN
1 DOP = 6.8606 NGN
1 JMD = 2.6300 NGN
1 RWF = 0.3845 NGN
1 TWD = 11.9895 NGN
1 XAG = 6784.6024 NGN
1 PLN = 92.0066 NGN
1 THB = 11.5230 NGN
1 CVE = 3.5767 NGN
1 WST = 136.2456 NGN
1 NIO = 10.8416 NGN
1 BGN = 202.3895 NGN
1 BBD = 182.2347 NGN
1 PEN = 108.0154 NGN
1 VEF = 0.0015 NGN
1 SOS = 0.6322 NGN
1 SZL = 24.1477 NGN
1 MRO = 1.0209 NGN
1 GYD = 1.7504 NGN
1 TTD = 54.0904 NGN
1 AZN = 214.0791 NGN
1 HKD = 46.7986 NGN
1 IQD = 0.3064 NGN
1 IRR = 0.0087 NGN
1 CLP = 0.4502 NGN
1 LKR = 2.0124 NGN
1 KZT = 0.9714 NGN
1 CZK = 15.6835 NGN
1 GMD = 7.1465 NGN
1 HRK = 53.0370 NGN
1 KYD = 438.8654 NGN
1 BSD = 364.4711 NGN
1 RON = 82.5041 NGN
1 SYP = 0.7077 NGN
1 RSD = 3.3672 NGN
1 LTC = 27632.6625 NGN
1 SHP = 471.6171 NGN
1 NET = 234.3446 NGN
1 HTG = 3.8811 NGN
1 ERN = 24.2986 NGN
1 TJS = 37.7178 NGN
1 XXC = 242.1878 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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