Nigerian Naira (NGN) Exchange Rates on 07th December 2019 (07/12/2019)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2019-12-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0021 NGN to GBP 476.3303 GBP to NGN
NGN BGN 0.0049 NGN to BGN 205.261 BGN to NGN
NGN HRK 0.0186 NGN to HRK 53.9015 HRK to NGN
NGN CZK 0.0637 NGN to CZK 15.7066 CZK to NGN
NGN DKK 0.0186 NGN to DKK 53.6588 DKK to NGN
NGN HUF 0.8258 NGN to HUF 1.2109 HUF to NGN
NGN KZT 1.0646 NGN to KZT 0.9393 KZT to NGN
NGN LVL 0.0017 NGN to LVL 599.2882 LVL to NGN
NGN LTL 0.0081 NGN to LTL 122.7685 LTL to NGN
NGN MKD 0.1532 NGN to MKD 6.5287 MKD to NGN
NGN MDL 0.048 NGN to MDL 20.8404 MDL to NGN
NGN NOK 0.0252 NGN to NOK 39.677 NOK to NGN
NGN PLN 0.0107 NGN to PLN 93.7561 PLN to NGN
NGN RON 0.0119 NGN to RON 83.8914 RON to NGN
NGN RUB 0.1756 NGN to RUB 5.6932 RUB to NGN
NGN SEK 0.0262 NGN to SEK 38.1781 SEK to NGN
NGN CHF 0.0027 NGN to CHF 365.7638 CHF to NGN
NGN TRY 0.0159 NGN to TRY 62.7538 TRY to NGN
NGN UAH 0.0654 NGN to UAH 15.2846 UAH to NGN
Updated: 2019-12-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.1652 NGN to ARS 6.0522 ARS to NGN
NGN BOB 0.0191 NGN to BOB 52.4216 BOB to NGN
NGN BRL 0.0114 NGN to BRL 87.5315 BRL to NGN
NGN CAD 0.0037 NGN to CAD 273.4894 CAD to NGN
NGN KYD 0.0023 NGN to KYD 434.9715 KYD to NGN
NGN CLP 2.1454 NGN to CLP 0.4661 CLP to NGN
NGN COP 9.4468 NGN to COP 0.1059 COP to NGN
NGN CRC 1.5614 NGN to CRC 0.6404 CRC to NGN
NGN DOP 0.1466 NGN to DOP 6.8223 DOP to NGN
NGN SVC 0.0241 NGN to SVC 41.4269 SVC to NGN
NGN FJD 0.006 NGN to FJD 166.7259 FJD to NGN
NGN HNL 0.0687 NGN to HNL 14.5613 HNL to NGN
NGN JMD 0.3877 NGN to JMD 2.579 JMD to NGN
NGN MXN 0.0532 NGN to MXN 18.7878 MXN to NGN
NGN ANG 0.0047 NGN to ANG 211.3698 ANG to NGN
NGN PYG 17.7701 NGN to PYG 0.0563 PYG to NGN
NGN PEN 0.0093 NGN to PEN 107.2654 PEN to NGN
NGN TTD 0.0186 NGN to TTD 53.6504 TTD to NGN
NGN USD 0.0028 NGN to USD 362.5036 USD to NGN
NGN UYU 0.1043 NGN to UYU 9.5834 UYU to NGN
NGN VEF 0.0276 NGN to VEF 36.2957 VEF to NGN
Updated: 2019-12-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.004 NGN to AUD 248.0762 AUD to NGN
NGN BDT 0.2339 NGN to BDT 4.2747 BDT to NGN
NGN BND 0.0038 NGN to BND 266.5765 BND to NGN
NGN CNY 0.0194 NGN to CNY 51.5264 CNY to NGN
NGN INR 0.1967 NGN to INR 5.0844 INR to NGN
NGN IDR 38.6862 NGN to IDR 0.0258 IDR to NGN
NGN JPY 0.2995 NGN to JPY 3.3386 JPY to NGN
NGN MYR 0.0115 NGN to MYR 87.1507 MYR to NGN
NGN MVR 0.0426 NGN to MVR 23.4624 MVR to NGN
NGN NPR 0.3144 NGN to NPR 3.181 NPR to NGN
NGN NZD 0.0042 NGN to NZD 237.5762 NZD to NGN
NGN PKR 0.427 NGN to PKR 2.3417 PKR to NGN
NGN PGK 0.0094 NGN to PGK 106.9214 PGK to NGN
NGN PHP 0.1401 NGN to PHP 7.1379 PHP to NGN
NGN SCR 0.0378 NGN to SCR 26.4558 SCR to NGN
NGN SGD 0.0038 NGN to SGD 266.5217 SGD to NGN
NGN KRW 3.2723 NGN to KRW 0.3056 KRW to NGN
NGN LKR 0.4999 NGN to LKR 2.0005 LKR to NGN
NGN TWD 0.084 NGN to TWD 11.91 TWD to NGN
NGN THB 0.0837 NGN to THB 11.9431 THB to NGN
Updated: 2019-12-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.001 NGN to BHD 961.274 BHD to NGN
NGN EGP 0.0445 NGN to EGP 22.4559 EGP to NGN
NGN HKD 0.0216 NGN to HKD 46.2964 HKD to NGN
NGN ILS 0.0096 NGN to ILS 104.4182 ILS to NGN
NGN JOD 0.002 NGN to JOD 511.2596 JOD to NGN
NGN KWD 0.0008 NGN to KWD 1194.0554 KWD to NGN
NGN LBP 4.1706 NGN to LBP 0.2398 LBP to NGN
NGN OMR 0.0011 NGN to OMR 941.4362 OMR to NGN
NGN QAR 0.01 NGN to QAR 99.5684 QAR to NGN
NGN SAR 0.0103 NGN to SAR 96.6741 SAR to NGN
NGN AED 0.0101 NGN to AED 98.693 AED to NGN
NGN YER 0.6906 NGN to YER 1.448 YER to NGN
Updated: 2019-12-07
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.3304 NGN to DZD 3.0266 DZD to NGN
NGN KES 0.2806 NGN to KES 3.5641 KES to NGN
NGN MUR 0.1007 NGN to MUR 9.9309 MUR to NGN
NGN MAD 0.0266 NGN to MAD 37.5749 MAD to NGN
NGN NAD 0.0404 NGN to NAD 24.7436 NAD to NGN
NGN NIO 0.0935 NGN to NIO 10.69 NIO to NGN
NGN SLL 26.8962 NGN to SLL 0.0372 SLL to NGN
NGN ZAR 0.0403 NGN to ZAR 24.7915 ZAR to NGN
NGN TZS 6.3382 NGN to TZS 0.1578 TZS to NGN
NGN TND 0.0079 NGN to TND 126.9935 TND to NGN
NGN UGX 10.1656 NGN to UGX 0.0984 UGX to NGN
NGN XOF 1.6303 NGN to XOF 0.6134 XOF to NGN
NGN ZMK 24.8306 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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