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Nigerian Naira (NGN) Exchange Rates on 01st March 2024 (01/03/2024)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2024-03-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN GBP GBP 0.0005 NGN to GBP 2042.7453 GBP to NGN
NGN NGN BGN BGN 0.0011 NGN to BGN 894.3179 BGN to NGN
NGN NGN HRK HRK 0.0043 NGN to HRK 230.089 HRK to NGN
NGN NGN CZK CZK 0.0145 NGN to CZK 69.01 CZK to NGN
NGN NGN DKK DKK 0.0043 NGN to DKK 234.6549 DKK to NGN
NGN NGN HUF HUF 0.2244 NGN to HUF 4.4567 HUF to NGN
NGN NGN KZT KZT 0.2793 NGN to KZT 3.5805 KZT to NGN
NGN NGN LVL LVL 0.0004 NGN to LVL 2674.1212 LVL to NGN
NGN NGN MKD MKD 0.0352 NGN to MKD 28.4063 MKD to NGN
NGN NGN MDL MDL 0.011 NGN to MDL 90.8571 MDL to NGN
NGN NGN NOK NOK 0.0066 NGN to NOK 152.5398 NOK to NGN
NGN NGN PLN PLN 0.0025 NGN to PLN 405.4373 PLN to NGN
NGN NGN RON RON 0.0028 NGN to RON 352.8299 RON to NGN
NGN NGN RUB RUB 0.0566 NGN to RUB 17.6777 RUB to NGN
NGN NGN SEK SEK 0.0064 NGN to SEK 156.042 SEK to NGN
NGN NGN CHF CHF 0.0005 NGN to CHF 1828.776 CHF to NGN
NGN NGN TRY TRY 0.0193 NGN to TRY 51.6922 TRY to NGN
NGN NGN UAH UAH 0.0235 NGN to UAH 42.4864 UAH to NGN
Updated: 2024-03-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN ARS ARS 0.5207 NGN to ARS 1.9204 ARS to NGN
NGN NGN BOB BOB 0.0043 NGN to BOB 233.792 BOB to NGN
NGN NGN BRL BRL 0.0031 NGN to BRL 325.384 BRL to NGN
NGN NGN CAD CAD 0.0008 NGN to CAD 1192.0455 CAD to NGN
NGN NGN KYD KYD 0.0005 NGN to KYD 1938.6512 KYD to NGN
NGN NGN CLP CLP 0.5977 NGN to CLP 1.6731 CLP to NGN
NGN NGN COP COP 2.4283 NGN to COP 0.4118 COP to NGN
NGN NGN CRC CRC 0.3169 NGN to CRC 3.1553 CRC to NGN
NGN NGN DOP DOP 0.0363 NGN to DOP 27.5286 DOP to NGN
NGN NGN SVC SVC 0.0054 NGN to SVC 184.6421 SVC to NGN
NGN NGN FJD FJD 0.0014 NGN to FJD 719.3076 FJD to NGN
NGN NGN HNL HNL 0.0153 NGN to HNL 65.4159 HNL to NGN
NGN NGN JMD JMD 0.0966 NGN to JMD 10.356 JMD to NGN
NGN NGN MXN MXN 0.0105 NGN to MXN 94.8521 MXN to NGN
NGN NGN ANG ANG 0.0011 NGN to ANG 896.3784 ANG to NGN
NGN NGN PYG PYG 4.5182 NGN to PYG 0.2213 PYG to NGN
NGN NGN PEN PEN 0.0024 NGN to PEN 425.5212 PEN to NGN
NGN NGN TTD TTD 0.0042 NGN to TTD 238.0534 TTD to NGN
NGN NGN USD USD 0.0006 NGN to USD 1617.5496 USD to NGN
NGN NGN UYU UYU 0.0242 NGN to UYU 41.2441 UYU to NGN
NGN NGN VEF VEF 2228.2644 NGN to VEF 0.0004 VEF to NGN
Updated: 2024-03-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN AUD AUD 0.0009 NGN to AUD 1052.7 AUD to NGN
NGN NGN BDT BDT 0.0679 NGN to BDT 14.7204 BDT to NGN
NGN NGN BND BND 0.0008 NGN to BND 1200.9567 BND to NGN
NGN NGN CNY CNY 0.0044 NGN to CNY 224.7626 CNY to NGN
NGN NGN INR INR 0.0512 NGN to INR 19.5197 INR to NGN
NGN NGN IDR IDR 9.7036 NGN to IDR 0.1031 IDR to NGN
NGN NGN JPY JPY 0.093 NGN to JPY 10.756 JPY to NGN
NGN NGN MYR MYR 0.0029 NGN to MYR 341.3627 MYR to NGN
NGN NGN MVR MVR 0.0095 NGN to MVR 105.0384 MVR to NGN
NGN NGN NPR NPR 0.0821 NGN to NPR 12.1795 NPR to NGN
NGN NGN NZD NZD 0.001 NGN to NZD 985.2813 NZD to NGN
NGN NGN PKR PKR 0.1712 NGN to PKR 5.8398 PKR to NGN
NGN NGN PGK PGK 0.0024 NGN to PGK 423.6064 PGK to NGN
NGN NGN PHP PHP 0.0347 NGN to PHP 28.8503 PHP to NGN
NGN NGN SCR SCR 0.0084 NGN to SCR 119.1114 SCR to NGN
NGN NGN SGD SGD 0.0008 NGN to SGD 1201.9345 SGD to NGN
NGN NGN KRW KRW 0.8253 NGN to KRW 1.2117 KRW to NGN
NGN NGN LKR LKR 0.1917 NGN to LKR 5.2164 LKR to NGN
NGN NGN TWD TWD 0.0195 NGN to TWD 51.1747 TWD to NGN
NGN NGN THB THB 0.0222 NGN to THB 45.0514 THB to NGN
Updated: 2024-03-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN BHD BHD 0.0002 NGN to BHD 4291.5658 BHD to NGN
NGN NGN EGP EGP 0.0191 NGN to EGP 52.3473 EGP to NGN
NGN NGN HKD HKD 0.0048 NGN to HKD 206.6402 HKD to NGN
NGN NGN ILS ILS 0.0022 NGN to ILS 452.8476 ILS to NGN
NGN NGN JOD JOD 0.0004 NGN to JOD 2281.4143 JOD to NGN
NGN NGN KWD KWD 0.0002 NGN to KWD 5255.7041 KWD to NGN
NGN NGN LBP LBP 55.4333 NGN to LBP 0.018 LBP to NGN
NGN NGN OMR OMR 0.0002 NGN to OMR 4201.9476 OMR to NGN
NGN NGN QAR QAR 0.0023 NGN to QAR 444.3202 QAR to NGN
NGN NGN SAR SAR 0.0023 NGN to SAR 431.2919 SAR to NGN
NGN NGN AED AED 0.0023 NGN to AED 440.3836 AED to NGN
NGN NGN YER YER 0.1547 NGN to YER 6.4625 YER to NGN
Updated: 2024-03-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN DZD DZD 0.0833 NGN to DZD 12.0093 DZD to NGN
NGN NGN KES KES 0.0909 NGN to KES 11.0037 KES to NGN
NGN NGN MUR MUR 0.0283 NGN to MUR 35.2793 MUR to NGN
NGN NGN MAD MAD 0.0063 NGN to MAD 159.8671 MAD to NGN
NGN NGN NAD NAD 0.0119 NGN to NAD 84.2937 NAD to NGN
NGN NGN NIO NIO 0.0228 NGN to NIO 43.8918 NIO to NGN
NGN NGN SLL SLL 12.2098 NGN to SLL 0.0819 SLL to NGN
NGN NGN ZAR ZAR 0.0118 NGN to ZAR 84.4427 ZAR to NGN
NGN NGN TZS TZS 1.5765 NGN to TZS 0.6343 TZS to NGN
NGN NGN TND TND 0.0019 NGN to TND 517.4544 TND to NGN
NGN NGN UGX UGX 2.4309 NGN to UGX 0.4114 UGX to NGN
NGN NGN XOF XOF 0.3748 NGN to XOF 2.6683 XOF to NGN
NGN NGN ZMK ZMK 5.5647 NGN to ZMK 0.1797 ZMK to NGN

Nigerian Naira (NGN)

1 Nigerian Naira is subdivided into 100 kobo.

Nigeria or the Federal Republic of Nigeria is located in West Africa. Nigeria borders the Republic of Benin, Chad, Cameroon and Niger and lies directly on the Gulf of Guinea in the Atlantic Ocean. Nigeria�s economy is classified as middle income status and the country offers a bounty of natural resources as well as financial, communication, legal and transport sectors. It is currently ranked 37th in terms of GDP in the world and is a large supplier of oil for various countries around the world including the United States.

Coins used:
�, 1, 5, 10, 25, 50 kobo, 1 & 2 naira

Banknotes used:
5, 10, 20, 50, 100, 200, 500 & 1000 naira

Central Bank
Central Bank of Nigeria
The Nigerian naira is the official currency of Nigeria. The naira is noted by the ISO sign NGN and is subdivided into 100 kobo. Currency in Nigeria is issued by the Central Bank of Nigeria. The Nigerian Central Bank controls the entire volume of money supplied in order to ensure price stability and monetary stability. Nigeria�s Currency & Branch Operations Department within the Central Bank of Nigeria controls the procurement, reissue, withdrawal and disposal of bank notes and coins and the supply and distribution of all monies in the country.

The naira is issued in denominations of N5, N10, N20, N50, N100, N200 and N500. Nigerian coins are issued in denominations of N1 and kobo 1, 10, 25 and 50. The import of local currency is limited to N20 in banknotes and these must be declared upon arrival to Nigeria. The export of local currency is also limited to N20 in banknotes. Importing foreign currency is unlimited throughout the country but any foreign currency is required to be declared immediately upon arrival to the country. Export is restricted to the amount that is declared. Nigeria has strict penalties for black market currency transactions.

Those visiting Nigeria will need to exchange currency through moneychangers. There are many banks in the country but virtually none of them provide currency exchange. Moneychangers are found readily at a number of locations within the larger cities and are considered to be among the most honest in all of Africa. Many banks and certain retailers also offer Western Union branches for those who need to have money wired to them while visiting the country. ATMs are bountiful but most recommend avoiding their use due to the high level of theft throughout the country. Travelers� checks are virtually useless in Nigeria as well. Those visiting will find it much easier to find a moneychanger in order to exchange foreign currencies for the naira.

Other References
Wikipedia article on Nigerian Naira

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