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Nigerian Naira (NGN) Exchange Rates on 18th August 2022 (18/08/2022)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2022-08-18
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN GBP GBP 0.002 NGN to GBP 506.0234 GBP to NGN
NGN NGN BGN BGN 0.0046 NGN to BGN 218.8864 BGN to NGN
NGN NGN HRK HRK 0.0176 NGN to HRK 56.959 HRK to NGN
NGN NGN CZK CZK 0.0574 NGN to CZK 17.42 CZK to NGN
NGN NGN DKK DKK 0.0174 NGN to DKK 57.4815 DKK to NGN
NGN NGN HUF HUF 0.9423 NGN to HUF 1.0612 HUF to NGN
NGN NGN KZT KZT 1.1331 NGN to KZT 0.8825 KZT to NGN
NGN NGN LVL LVL 0.0014 NGN to LVL 695.101 LVL to NGN
NGN NGN MKD MKD 0.1438 NGN to MKD 6.9524 MKD to NGN
NGN NGN MDL MDL 0.0457 NGN to MDL 21.8877 MDL to NGN
NGN NGN NOK NOK 0.0231 NGN to NOK 43.2634 NOK to NGN
NGN NGN PLN PLN 0.011 NGN to PLN 90.8861 PLN to NGN
NGN NGN RON RON 0.0114 NGN to RON 87.6158 RON to NGN
NGN NGN RUB RUB 0.1443 NGN to RUB 6.9297 RUB to NGN
NGN NGN SEK SEK 0.0247 NGN to SEK 40.4069 SEK to NGN
NGN NGN CHF CHF 0.0023 NGN to CHF 441.6554 CHF to NGN
NGN NGN TRY TRY 0.0427 NGN to TRY 23.428 TRY to NGN
NGN NGN UAH UAH 0.0877 NGN to UAH 11.4018 UAH to NGN
Updated: 2022-08-18
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN ARS ARS 0.3223 NGN to ARS 3.1023 ARS to NGN
NGN NGN BOB BOB 0.0164 NGN to BOB 60.8839 BOB to NGN
NGN NGN BRL BRL 0.0123 NGN to BRL 81.3851 BRL to NGN
NGN NGN CAD CAD 0.0031 NGN to CAD 325.3022 CAD to NGN
NGN NGN KYD KYD 0.002 NGN to KYD 505.2167 KYD to NGN
NGN NGN CLP CLP 2.1348 NGN to CLP 0.4684 CLP to NGN
NGN NGN COP COP 10.3328 NGN to COP 0.0968 COP to NGN
NGN NGN CRC CRC 1.5777 NGN to CRC 0.6338 CRC to NGN
NGN NGN DOP DOP 0.128 NGN to DOP 7.8102 DOP to NGN
NGN NGN SVC SVC 0.0208 NGN to SVC 48.1155 SVC to NGN
NGN NGN FJD FJD 0.0052 NGN to FJD 191.4277 FJD to NGN
NGN NGN HNL HNL 0.0584 NGN to HNL 17.113 HNL to NGN
NGN NGN JMD JMD 0.3595 NGN to JMD 2.7818 JMD to NGN
NGN NGN MXN MXN 0.0476 NGN to MXN 21.0226 MXN to NGN
NGN NGN ANG ANG 0.0043 NGN to ANG 233.5994 ANG to NGN
NGN NGN PYG PYG 16.332 NGN to PYG 0.0612 PYG to NGN
NGN NGN PEN PEN 0.0091 NGN to PEN 109.634 PEN to NGN
NGN NGN TTD TTD 0.0161 NGN to TTD 62.0578 TTD to NGN
NGN NGN USD USD 0.0024 NGN to USD 420.4599 USD to NGN
NGN NGN UYU UYU 0.0953 NGN to UYU 10.4977 UYU to NGN
NGN NGN VEF VEF 509530915.2828 NGN to VEF 0 VEF to NGN
Updated: 2022-08-18
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN AUD AUD 0.0034 NGN to AUD 290.955 AUD to NGN
NGN NGN BDT BDT 0.2257 NGN to BDT 4.4305 BDT to NGN
NGN NGN BND BND 0.0033 NGN to BND 304.6726 BND to NGN
NGN NGN CNY CNY 0.0161 NGN to CNY 61.9498 CNY to NGN
NGN NGN INR INR 0.1894 NGN to INR 5.2795 INR to NGN
NGN NGN IDR IDR 35.2981 NGN to IDR 0.0283 IDR to NGN
NGN NGN JPY JPY 0.3213 NGN to JPY 3.1128 JPY to NGN
NGN NGN MYR MYR 0.0106 NGN to MYR 94.021 MYR to NGN
NGN NGN MVR MVR 0.0365 NGN to MVR 27.3917 MVR to NGN
NGN NGN NPR NPR 0.3016 NGN to NPR 3.316 NPR to NGN
NGN NGN NZD NZD 0.0038 NGN to NZD 263.631 NZD to NGN
NGN NGN PKR PKR 0.5101 NGN to PKR 1.9605 PKR to NGN
NGN NGN PGK PGK 0.0084 NGN to PGK 119.4592 PGK to NGN
NGN NGN PHP PHP 0.133 NGN to PHP 7.521 PHP to NGN
NGN NGN SCR SCR 0.0309 NGN to SCR 32.3583 SCR to NGN
NGN NGN SGD SGD 0.0033 NGN to SGD 303.9108 SGD to NGN
NGN NGN KRW KRW 3.1396 NGN to KRW 0.3185 KRW to NGN
NGN NGN LKR LKR 0.8551 NGN to LKR 1.1695 LKR to NGN
NGN NGN TWD TWD 0.0714 NGN to TWD 14.0114 TWD to NGN
NGN NGN THB THB 0.0845 NGN to THB 11.8306 THB to NGN
Updated: 2022-08-18
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN BHD BHD 0.0009 NGN to BHD 1115.2932 BHD to NGN
NGN NGN EGP EGP 0.0455 NGN to EGP 21.9831 EGP to NGN
NGN NGN HKD HKD 0.0187 NGN to HKD 53.6059 HKD to NGN
NGN NGN ILS ILS 0.0077 NGN to ILS 129.3582 ILS to NGN
NGN NGN JOD JOD 0.0017 NGN to JOD 593.0242 JOD to NGN
NGN NGN KWD KWD 0.0007 NGN to KWD 1369.8869 KWD to NGN
NGN NGN LBP LBP 3.5917 NGN to LBP 0.2784 LBP to NGN
NGN NGN OMR OMR 0.0009 NGN to OMR 1092.0854 OMR to NGN
NGN NGN QAR QAR 0.0087 NGN to QAR 115.48 QAR to NGN
NGN NGN SAR SAR 0.0089 NGN to SAR 111.9866 SAR to NGN
NGN NGN AED AED 0.0087 NGN to AED 114.4701 AED to NGN
NGN NGN YER YER 0.5952 NGN to YER 1.6802 YER to NGN
Updated: 2022-08-18
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN DZD DZD 0.3378 NGN to DZD 2.9602 DZD to NGN
NGN NGN KES KES 0.2838 NGN to KES 3.5232 KES to NGN
NGN NGN MUR MUR 0.1081 NGN to MUR 9.2509 MUR to NGN
NGN NGN MAD MAD 0.0248 NGN to MAD 40.3787 MAD to NGN
NGN NGN NAD NAD 0.039 NGN to NAD 25.6698 NAD to NGN
NGN NGN NIO NIO 0.0854 NGN to NIO 11.7143 NIO to NGN
NGN NGN SLL SLL 33.1422 NGN to SLL 0.0302 SLL to NGN
NGN NGN ZAR ZAR 0.0397 NGN to ZAR 25.2077 ZAR to NGN
NGN NGN TZS TZS 5.5439 NGN to TZS 0.1804 TZS to NGN
NGN NGN TND TND 0.0075 NGN to TND 133.8644 TND to NGN
NGN NGN UGX UGX 8.978 NGN to UGX 0.1114 UGX to NGN
NGN NGN XOF XOF 1.5313 NGN to XOF 0.653 XOF to NGN
NGN NGN ZMK ZMK 21.408 NGN to ZMK 0.0467 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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