Nigerian Naira (NGN) Exchange Rates on 28th January 2020 (28/01/2020)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2020-01-28
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0021 NGN to GBP 472.7017 GBP to NGN
NGN BGN 0.0049 NGN to BGN 204.2995 BGN to NGN
NGN HRK 0.0186 NGN to HRK 53.6765 HRK to NGN
NGN CZK 0.0632 NGN to CZK 15.8167 CZK to NGN
NGN DKK 0.0187 NGN to DKK 53.4554 DKK to NGN
NGN HUF 0.8444 NGN to HUF 1.1843 HUF to NGN
NGN KZT 1.0515 NGN to KZT 0.9511 KZT to NGN
NGN LVL 0.0017 NGN to LVL 599.3337 LVL to NGN
NGN LTL 0.0081 NGN to LTL 122.778 LTL to NGN
NGN MKD 0.1542 NGN to MKD 6.484 MKD to NGN
NGN MDL 0.0487 NGN to MDL 20.5313 MDL to NGN
NGN NOK 0.0252 NGN to NOK 39.6777 NOK to NGN
NGN PLN 0.0107 NGN to PLN 93.3947 PLN to NGN
NGN RON 0.012 NGN to RON 83.5556 RON to NGN
NGN RUB 0.1733 NGN to RUB 5.7687 RUB to NGN
NGN SEK 0.0265 NGN to SEK 37.6679 SEK to NGN
NGN CHF 0.0027 NGN to CHF 373.4352 CHF to NGN
NGN TRY 0.0164 NGN to TRY 61.0035 TRY to NGN
NGN UAH 0.0679 NGN to UAH 14.7302 UAH to NGN
Updated: 2020-01-28
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.1657 NGN to ARS 6.0342 ARS to NGN
NGN BOB 0.0191 NGN to BOB 52.4048 BOB to NGN
NGN BRL 0.0116 NGN to BRL 86.1652 BRL to NGN
NGN CAD 0.0036 NGN to CAD 274.9883 CAD to NGN
NGN KYD 0.0023 NGN to KYD 434.8181 KYD to NGN
NGN CLP 2.1797 NGN to CLP 0.4588 CLP to NGN
NGN COP 9.3785 NGN to COP 0.1066 COP to NGN
NGN CRC 1.5604 NGN to CRC 0.6408 CRC to NGN
NGN DOP 0.1468 NGN to DOP 6.8132 DOP to NGN
NGN SVC 0.0241 NGN to SVC 41.4131 SVC to NGN
NGN FJD 0.006 NGN to FJD 166.1453 FJD to NGN
NGN HNL 0.068 NGN to HNL 14.715 HNL to NGN
NGN JMD 0.3812 NGN to JMD 2.6231 JMD to NGN
NGN MXN 0.052 NGN to MXN 19.2322 MXN to NGN
NGN ANG 0.0046 NGN to ANG 219.6206 ANG to NGN
NGN PYG 17.9749 NGN to PYG 0.0556 PYG to NGN
NGN PEN 0.0092 NGN to PEN 109.0172 PEN to NGN
NGN TTD 0.0187 NGN to TTD 53.5933 TTD to NGN
NGN USD 0.0028 NGN to USD 362.5309 USD to NGN
NGN UYU 0.1028 NGN to UYU 9.7243 UYU to NGN
NGN VEF 0.0275 NGN to VEF 36.2984 VEF to NGN
Updated: 2020-01-28
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0041 NGN to AUD 245.0952 AUD to NGN
NGN BDT 0.2343 NGN to BDT 4.2685 BDT to NGN
NGN BND 0.0037 NGN to BND 267.1072 BND to NGN
NGN CNY 0.0191 NGN to CNY 52.2628 CNY to NGN
NGN INR 0.1967 NGN to INR 5.0828 INR to NGN
NGN IDR 37.629 NGN to IDR 0.0266 IDR to NGN
NGN JPY 0.3008 NGN to JPY 3.3249 JPY to NGN
NGN MYR 0.0113 NGN to MYR 88.7796 MYR to NGN
NGN MVR 0.0426 NGN to MVR 23.4652 MVR to NGN
NGN NPR 0.3153 NGN to NPR 3.1712 NPR to NGN
NGN NZD 0.0042 NGN to NZD 237.2846 NZD to NGN
NGN PKR 0.4266 NGN to PKR 2.3441 PKR to NGN
NGN PGK 0.0094 NGN to PGK 106.2744 PGK to NGN
NGN PHP 0.1401 NGN to PHP 7.1385 PHP to NGN
NGN SCR 0.0378 NGN to SCR 26.4624 SCR to NGN
NGN SGD 0.0037 NGN to SGD 267.1166 SGD to NGN
NGN KRW 3.246 NGN to KRW 0.3081 KRW to NGN
NGN LKR 0.501 NGN to LKR 1.996 LKR to NGN
NGN TWD 0.083 NGN to TWD 12.0472 TWD to NGN
NGN THB 0.0849 NGN to THB 11.7776 THB to NGN
Updated: 2020-01-28
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.001 NGN to BHD 961.7332 BHD to NGN
NGN EGP 0.0435 NGN to EGP 22.9832 EGP to NGN
NGN HKD 0.0215 NGN to HKD 46.6102 HKD to NGN
NGN ILS 0.0095 NGN to ILS 104.7734 ILS to NGN
NGN JOD 0.002 NGN to JOD 511.2953 JOD to NGN
NGN KWD 0.0008 NGN to KWD 1193.5563 KWD to NGN
NGN LBP 4.1724 NGN to LBP 0.2397 LBP to NGN
NGN OMR 0.0011 NGN to OMR 941.6732 OMR to NGN
NGN QAR 0.01 NGN to QAR 99.5693 QAR to NGN
NGN SAR 0.0103 NGN to SAR 96.6286 SAR to NGN
NGN AED 0.0101 NGN to AED 98.7052 AED to NGN
NGN YER 0.6906 NGN to YER 1.4481 YER to NGN
Updated: 2020-01-28
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.3312 NGN to DZD 3.0195 DZD to NGN
NGN KES 0.2785 NGN to KES 3.5912 KES to NGN
NGN MUR 0.1016 NGN to MUR 9.8395 MUR to NGN
NGN MAD 0.0266 NGN to MAD 37.5852 MAD to NGN
NGN NAD 0.0404 NGN to NAD 24.781 NAD to NGN
NGN NIO 0.0931 NGN to NIO 10.7419 NIO to NGN
NGN SLL 26.7563 NGN to SLL 0.0374 SLL to NGN
NGN ZAR 0.0402 NGN to ZAR 24.8768 ZAR to NGN
NGN TZS 6.3595 NGN to TZS 0.1572 TZS to NGN
NGN TND 0.0078 NGN to TND 127.9898 TND to NGN
NGN UGX 10.1608 NGN to UGX 0.0984 UGX to NGN
NGN XOF 1.6419 NGN to XOF 0.609 XOF to NGN
NGN ZMK 24.8287 NGN to ZMK 0.0403 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:
½, 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 Live Currency Converter for NGN

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