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/euro
  • 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 = 362.3184 NGN
1 GHS = 63.9761 NGN
1 GBP = 476.7713 NGN
1 EUR = 402.4560 NGN
1 CAD = 274.8603 NGN
1 AED = 98.6388 NGN
1 CNY = 51.4308 NGN
1 ZAR = 24.7531 NGN
1 BIL = 0.0223 NGN
1 TRY = 63.0177 NGN
1 KES = 3.5643 NGN
1 BTC = 2682521.3792 NGN
1 OMR = 941.1974 NGN
1 KWD = 1193.2188 NGN
1 PHP = 7.1345 NGN
1 ZMW = 24.3044 NGN
1 TZS = 0.1579 NGN
1 PKR = 2.3388 NGN
1 AUD = 247.7201 NGN
1 SEK = 38.1895 NGN
1 BRL = 86.5655 NGN
1 JPY = 3.3339 NGN
1 SGD = 266.3278 NGN
1 LYD = 258.3009 NGN
1 MYR = 86.8971 NGN
1 LRD = 1.9014 NGN
1 INR = 5.0835 NGN
1 ILS = 104.5653 NGN
1 TND = 127.4652 NGN
1 UAH = 15.2116 NGN
1 SAR = 96.6197 NGN
1 UGX = 0.0984 NGN
1 SSP = 2.7815 NGN
1 KPW = 0.4026 NGN
1 ARS = 6.0419 NGN
1 SLL = 0.0487 NGN
1 JOD = 511.0293 NGN
1 DZD = 3.0299 NGN
1 SCR = 26.4480 NGN
1 JMD = 2.5777 NGN
1 CHF = 367.1441 NGN
1 NOK = 39.6743 NGN
1 KRW = 0.3045 NGN
1 RUB = 5.6878 NGN
1 EGP = 22.4476 NGN
1 NZD = 237.3629 NGN
1 RWF = 0.3884 NGN
1 MUR = 9.9125 NGN
1 SDG = 8.0409 NGN
1 MAD = 37.6800 NGN
1 GMD = 7.0600 NGN
1 AOA = 0.7488 NGN
1 NPR = 3.1812 NGN
1 CUP = 14.0707 NGN
1 THB = 11.9370 NGN
1 PLN = 94.1171 NGN
1 MZN = 5.6540 NGN
1 BWP = 33.4808 NGN
1 GLD = 19.7137 NGN
1 BDT = 4.2729 NGN
1 TTD = 53.6863 NGN
1 ETB = 11.9129 NGN
1 ANG = 211.5161 NGN
1 LTC = 16335.4305 NGN
1 XCD = 134.0658 NGN
1 GEL = 122.6125 NGN
1 DOP = 6.8623 NGN
1 AZN = 212.8158 NGN
1 XAG = 6148.2713 NGN
1 KYD = 435.2998 NGN
1 NAD = 24.6927 NGN
1 XDG = 0.8052 NGN
1 HKD = 46.2748 NGN
1 TWD = 11.8791 NGN
1 XRP = 78.9481 NGN
1 CLP = 0.4623 NGN
1 VND = 0.0157 NGN
1 QAR = 99.5112 NGN
1 MXN = 18.7158 NGN
1 DKK = 53.8651 NGN
1 RSD = 3.4238 NGN
1 FJD = 166.6257 NGN
1 NIO = 10.7527 NGN
1 BBD = 181.1600 NGN
1 IRR = 0.0086 NGN
1 XXC = 246.1580 NGN
1 CVE = 3.6374 NGN
1 AMD = 0.7593 NGN
1 BSD = 362.3184 NGN
1 ALL = 3.2806 NGN
1 KHR = 0.0893 NGN
1 BGN = 205.5654 NGN
1 MRO = 1.0149 NGN
1 BHD = 960.9559 NGN
1 LKR = 1.9991 NGN
1 PYG = 0.0564 NGN
1 CUC = 362.3184 NGN
1 SOS = 0.6270 NGN
1 WST = 137.3097 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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500 Naira Nigeria
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5 Naira Nigeria
1 Naira Nigeria