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Nigerian Naira (NGN) Exchange Rates on 07th April 2020 (07/04/2020)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2020-04-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0022 NGN to GBP 451.496 GBP to NGN
NGN BGN 0.0049 NGN to BGN 203.2466 BGN to NGN
NGN HRK 0.0191 NGN to HRK 52.2332 HRK to NGN
NGN CZK 0.0689 NGN to CZK 14.5146 CZK to NGN
NGN DKK 0.0188 NGN to DKK 53.333 DKK to NGN
NGN HUF 0.9092 NGN to HUF 1.0998 HUF to NGN
NGN KZT 1.1973 NGN to KZT 0.8352 KZT to NGN
NGN LVL 0.0016 NGN to LVL 606.7224 LVL to NGN
NGN MKD 0.1552 NGN to MKD 6.4441 MKD to NGN
NGN MDL 0.0508 NGN to MDL 19.6657 MDL to NGN
NGN NOK 0.028 NGN to NOK 35.7111 NOK to NGN
NGN PLN 0.0114 NGN to PLN 87.8418 PLN to NGN
NGN RON 0.0121 NGN to RON 82.5183 RON to NGN
NGN RUB 0.2056 NGN to RUB 4.8645 RUB to NGN
NGN SEK 0.0274 NGN to SEK 36.4902 SEK to NGN
NGN CHF 0.0027 NGN to CHF 376.3318 CHF to NGN
NGN TRY 0.0183 NGN to TRY 54.6519 TRY to NGN
NGN UAH 0.0742 NGN to UAH 13.4716 UAH to NGN
Updated: 2020-04-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.1769 NGN to ARS 5.6538 ARS to NGN
NGN BOB 0.0188 NGN to BOB 53.1928 BOB to NGN
NGN BRL 0.0144 NGN to BRL 69.4248 BRL to NGN
NGN CAD 0.0038 NGN to CAD 261.3656 CAD to NGN
NGN KYD 0.0023 NGN to KYD 440.1347 KYD to NGN
NGN CLP 2.3232 NGN to CLP 0.4304 CLP to NGN
NGN COP 10.8474 NGN to COP 0.0922 COP to NGN
NGN CRC 1.5691 NGN to CRC 0.6373 CRC to NGN
NGN DOP 0.1469 NGN to DOP 6.8083 DOP to NGN
NGN SVC 0.0239 NGN to SVC 41.9176 SVC to NGN
NGN FJD 0.0063 NGN to FJD 158.1692 FJD to NGN
NGN HNL 0.0676 NGN to HNL 14.7961 HNL to NGN
NGN JMD 0.3681 NGN to JMD 2.7168 JMD to NGN
NGN MXN 0.0666 NGN to MXN 15.0052 MXN to NGN
NGN ANG 0.0049 NGN to ANG 204.8943 ANG to NGN
NGN PYG 17.8327 NGN to PYG 0.0561 PYG to NGN
NGN PEN 0.0094 NGN to PEN 106.0624 PEN to NGN
NGN TTD 0.0184 NGN to TTD 54.2819 TTD to NGN
NGN USD 0.0027 NGN to USD 367.0002 USD to NGN
NGN UYU 0.1206 NGN to UYU 8.2926 UYU to NGN
NGN VEF 0.0272 NGN to VEF 36.746 VEF to NGN
Updated: 2020-04-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0044 NGN to AUD 226.2131 AUD to NGN
NGN BDT 0.2316 NGN to BDT 4.3177 BDT to NGN
NGN BND 0.0039 NGN to BND 255.8589 BND to NGN
NGN CNY 0.0193 NGN to CNY 51.9433 CNY to NGN
NGN INR 0.2063 NGN to INR 4.8479 INR to NGN
NGN IDR 44.5489 NGN to IDR 0.0224 IDR to NGN
NGN JPY 0.2966 NGN to JPY 3.3718 JPY to NGN
NGN MYR 0.0119 NGN to MYR 84.3727 MYR to NGN
NGN MVR 0.042 NGN to MVR 23.8157 MVR to NGN
NGN NPR 0.3324 NGN to NPR 3.0081 NPR to NGN
NGN NZD 0.0045 NGN to NZD 220.1923 NZD to NGN
NGN PKR 0.4557 NGN to PKR 2.1945 PKR to NGN
NGN PGK 0.0095 NGN to PGK 105.7029 PGK to NGN
NGN PHP 0.1379 NGN to PHP 7.2493 PHP to NGN
NGN SCR 0.0401 NGN to SCR 24.9663 SCR to NGN
NGN SGD 0.0039 NGN to SGD 257.1106 SGD to NGN
NGN KRW 3.3224 NGN to KRW 0.301 KRW to NGN
NGN LKR 0.5269 NGN to LKR 1.8979 LKR to NGN
NGN TWD 0.0821 NGN to TWD 12.1775 TWD to NGN
NGN THB 0.0893 NGN to THB 11.2006 THB to NGN
Updated: 2020-04-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.001 NGN to BHD 973.3934 BHD to NGN
NGN EGP 0.0429 NGN to EGP 23.3043 EGP to NGN
NGN HKD 0.0211 NGN to HKD 47.3377 HKD to NGN
NGN ILS 0.0097 NGN to ILS 102.7228 ILS to NGN
NGN JOD 0.0019 NGN to JOD 517.65 JOD to NGN
NGN KWD 0.0008 NGN to KWD 1177.0732 KWD to NGN
NGN LBP 4.123 NGN to LBP 0.2425 LBP to NGN
NGN OMR 0.001 NGN to OMR 953.0249 OMR to NGN
NGN QAR 0.0099 NGN to QAR 100.7977 QAR to NGN
NGN SAR 0.0102 NGN to SAR 97.6049 SAR to NGN
NGN AED 0.01 NGN to AED 99.913 AED to NGN
NGN YER 0.6822 NGN to YER 1.4659 YER to NGN
Updated: 2020-04-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.3457 NGN to DZD 2.8925 DZD to NGN
NGN KES 0.2896 NGN to KES 3.4528 KES to NGN
NGN MUR 0.1086 NGN to MUR 9.2085 MUR to NGN
NGN MAD 0.0281 NGN to MAD 35.5994 MAD to NGN
NGN NAD 0.0514 NGN to NAD 19.4695 NAD to NGN
NGN NIO 0.092 NGN to NIO 10.872 NIO to NGN
NGN SLL 26.5394 NGN to SLL 0.0377 SLL to NGN
NGN ZAR 0.0504 NGN to ZAR 19.8223 ZAR to NGN
NGN TZS 6.3049 NGN to TZS 0.1586 TZS to NGN
NGN TND 0.008 NGN to TND 125.6312 TND to NGN
NGN UGX 10.2655 NGN to UGX 0.0974 UGX to NGN
NGN XOF 1.6559 NGN to XOF 0.6039 XOF to NGN
NGN ZMK 24.5264 NGN to ZMK 0.0408 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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