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Nigerian Naira (NGN) Exchange Rates on 23rd March 2023 (23/03/2023)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2023-03-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN GBP GBP 0.0018 NGN to GBP 567.1077 GBP to NGN
NGN NGN BGN BGN 0.0039 NGN to BGN 256.6318 BGN to NGN
NGN NGN HRK HRK 0.0152 NGN to HRK 65.6072 HRK to NGN
NGN NGN CZK CZK 0.0472 NGN to CZK 21.1863 CZK to NGN
NGN NGN DKK DKK 0.0148 NGN to DKK 67.4079 DKK to NGN
NGN NGN HUF HUF 0.7713 NGN to HUF 1.2965 HUF to NGN
NGN NGN KZT KZT 1.0092 NGN to KZT 0.9909 KZT to NGN
NGN NGN LVL LVL 0.0013 NGN to LVL 761.2124 LVL to NGN
NGN NGN MKD MKD 0.1232 NGN to MKD 8.1143 MKD to NGN
NGN NGN MDL MDL 0.0404 NGN to MDL 24.761 MDL to NGN
NGN NGN NOK NOK 0.0226 NGN to NOK 44.2557 NOK to NGN
NGN NGN PLN PLN 0.0093 NGN to PLN 107.1565 PLN to NGN
NGN NGN RON RON 0.0098 NGN to RON 102.0094 RON to NGN
NGN NGN RUB RUB 0.1671 NGN to RUB 5.9857 RUB to NGN
NGN NGN SEK SEK 0.0223 NGN to SEK 44.8923 SEK to NGN
NGN NGN CHF CHF 0.002 NGN to CHF 502.8826 CHF to NGN
NGN NGN TRY TRY 0.0414 NGN to TRY 24.1745 TRY to NGN
NGN NGN UAH UAH 0.0802 NGN to UAH 12.4669 UAH to NGN
Updated: 2023-03-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN ARS ARS 0.446 NGN to ARS 2.242 ARS to NGN
NGN NGN BOB BOB 0.0151 NGN to BOB 66.4338 BOB to NGN
NGN NGN BRL BRL 0.0114 NGN to BRL 87.9174 BRL to NGN
NGN NGN CAD CAD 0.003 NGN to CAD 336.6566 CAD to NGN
NGN NGN KYD KYD 0.0018 NGN to KYD 552.5045 KYD to NGN
NGN NGN CLP CLP 1.7608 NGN to CLP 0.5679 CLP to NGN
NGN NGN COP COP 10.3659 NGN to COP 0.0965 COP to NGN
NGN NGN CRC CRC 1.1723 NGN to CRC 0.853 CRC to NGN
NGN NGN DOP DOP 0.1189 NGN to DOP 8.4073 DOP to NGN
NGN NGN SVC SVC 0.019 NGN to SVC 52.6177 SVC to NGN
NGN NGN FJD FJD 0.0048 NGN to FJD 209.0388 FJD to NGN
NGN NGN HNL HNL 0.0536 NGN to HNL 18.6685 HNL to NGN
NGN NGN JMD JMD 0.3276 NGN to JMD 3.0527 JMD to NGN
NGN NGN MXN MXN 0.0403 NGN to MXN 24.8383 MXN to NGN
NGN NGN ANG ANG 0.0039 NGN to ANG 255.4725 ANG to NGN
NGN NGN PYG PYG 15.5816 NGN to PYG 0.0642 PYG to NGN
NGN NGN PEN PEN 0.0082 NGN to PEN 121.7309 PEN to NGN
NGN NGN TTD TTD 0.0148 NGN to TTD 67.7467 TTD to NGN
NGN NGN USD USD 0.0022 NGN to USD 460.4498 USD to NGN
NGN NGN UYU UYU 0.0852 NGN to UYU 11.7303 UYU to NGN
NGN NGN VEF VEF 5252.4378 NGN to VEF 0.0002 VEF to NGN
Updated: 2023-03-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN AUD AUD 0.0032 NGN to AUD 309.9314 AUD to NGN
NGN NGN BDT BDT 0.2283 NGN to BDT 4.3804 BDT to NGN
NGN NGN BND BND 0.0029 NGN to BND 345.1772 BND to NGN
NGN NGN CNY CNY 0.0148 NGN to CNY 67.3468 CNY to NGN
NGN NGN INR INR 0.1787 NGN to INR 5.5961 INR to NGN
NGN NGN IDR IDR 32.7608 NGN to IDR 0.0305 IDR to NGN
NGN NGN JPY JPY 0.2837 NGN to JPY 3.5254 JPY to NGN
NGN NGN MYR MYR 0.0096 NGN to MYR 103.9742 MYR to NGN
NGN NGN MVR MVR 0.0334 NGN to MVR 29.8977 MVR to NGN
NGN NGN NPR NPR 0.2871 NGN to NPR 3.4827 NPR to NGN
NGN NGN NZD NZD 0.0035 NGN to NZD 288.8834 NZD to NGN
NGN NGN PKR PKR 0.6147 NGN to PKR 1.6269 PKR to NGN
NGN NGN PGK PGK 0.0078 NGN to PGK 128.9904 PGK to NGN
NGN NGN PHP PHP 0.1183 NGN to PHP 8.4527 PHP to NGN
NGN NGN SCR SCR 0.0286 NGN to SCR 34.9431 SCR to NGN
NGN NGN SGD SGD 0.0029 NGN to SGD 347.5214 SGD to NGN
NGN NGN KRW KRW 2.7758 NGN to KRW 0.3603 KRW to NGN
NGN NGN LKR LKR 0.7004 NGN to LKR 1.4277 LKR to NGN
NGN NGN TWD TWD 0.0659 NGN to TWD 15.1856 TWD to NGN
NGN NGN THB THB 0.0741 NGN to THB 13.5008 THB to NGN
Updated: 2023-03-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN BHD BHD 0.0008 NGN to BHD 1220.7182 BHD to NGN
NGN NGN EGP EGP 0.0671 NGN to EGP 14.901 EGP to NGN
NGN NGN HKD HKD 0.017 NGN to HKD 58.6661 HKD to NGN
NGN NGN ILS ILS 0.0079 NGN to ILS 127.0743 ILS to NGN
NGN NGN JOD JOD 0.0015 NGN to JOD 649.0673 JOD to NGN
NGN NGN KWD KWD 0.0007 NGN to KWD 1504.2946 KWD to NGN
NGN NGN LBP LBP 32.601 NGN to LBP 0.0307 LBP to NGN
NGN NGN OMR OMR 0.0008 NGN to OMR 1196.1198 OMR to NGN
NGN NGN QAR QAR 0.0079 NGN to QAR 126.463 QAR to NGN
NGN NGN SAR SAR 0.0082 NGN to SAR 122.5896 SAR to NGN
NGN NGN AED AED 0.008 NGN to AED 125.3641 AED to NGN
NGN NGN YER YER 0.5436 NGN to YER 1.8397 YER to NGN
Updated: 2023-03-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN DZD DZD 0.2948 NGN to DZD 3.3919 DZD to NGN
NGN NGN KES KES 0.2843 NGN to KES 3.5175 KES to NGN
NGN NGN MUR MUR 0.101 NGN to MUR 9.9021 MUR to NGN
NGN NGN MAD MAD 0.0224 NGN to MAD 44.6532 MAD to NGN
NGN NGN NAD NAD 0.04 NGN to NAD 24.9974 NAD to NGN
NGN NGN NIO NIO 0.0794 NGN to NIO 12.5891 NIO to NGN
NGN NGN SLL SLL 42.8927 NGN to SLL 0.0233 SLL to NGN
NGN NGN ZAR ZAR 0.0394 NGN to ZAR 25.3749 ZAR to NGN
NGN NGN TZS TZS 5.0646 NGN to TZS 0.1974 TZS to NGN
NGN NGN TND TND 0.0068 NGN to TND 147.1561 TND to NGN
NGN NGN UGX UGX 8.1988 NGN to UGX 0.122 UGX to NGN
NGN NGN XOF XOF 1.3196 NGN to XOF 0.7578 XOF to NGN
NGN NGN ZMK ZMK 19.5487 NGN to ZMK 0.0512 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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