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Nigerian Naira (NGN) Exchange Rates on 16th July 2024 (16/07/2024)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2024-07-16
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN GBP GBP 0.0005 NGN to GBP 2101.9114 GBP to NGN
NGN NGN BGN BGN 0.0011 NGN to BGN 902.9884 BGN to NGN
NGN NGN HRK HRK 0.0043 NGN to HRK 234.7098 HRK to NGN
NGN NGN CZK CZK 0.0144 NGN to CZK 69.5646 CZK to NGN
NGN NGN DKK DKK 0.0042 NGN to DKK 236.7259 DKK to NGN
NGN NGN HUF HUF 0.2216 NGN to HUF 4.5119 HUF to NGN
NGN NGN KZT KZT 0.2923 NGN to KZT 3.4216 KZT to NGN
NGN NGN LVL LVL 0.0004 NGN to LVL 2680.429 LVL to NGN
NGN NGN MKD MKD 0.0349 NGN to MKD 28.6585 MKD to NGN
NGN NGN MDL MDL 0.0109 NGN to MDL 91.4519 MDL to NGN
NGN NGN NOK NOK 0.0067 NGN to NOK 149.802 NOK to NGN
NGN NGN PLN PLN 0.0024 NGN to PLN 414.9114 PLN to NGN
NGN NGN RON RON 0.0028 NGN to RON 355.4856 RON to NGN
NGN NGN RUB RUB 0.0543 NGN to RUB 18.4252 RUB to NGN
NGN NGN SEK SEK 0.0065 NGN to SEK 152.7744 SEK to NGN
NGN NGN CHF CHF 0.0006 NGN to CHF 1809.9567 CHF to NGN
NGN NGN TRY TRY 0.0204 NGN to TRY 49.0818 TRY to NGN
NGN NGN UAH UAH 0.0253 NGN to UAH 39.4589 UAH to NGN
Updated: 2024-07-16
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN ARS ARS 0.5688 NGN to ARS 1.758 ARS to NGN
NGN NGN BOB BOB 0.0043 NGN to BOB 234.2383 BOB to NGN
NGN NGN BRL BRL 0.0034 NGN to BRL 297.5693 BRL to NGN
NGN NGN CAD CAD 0.0008 NGN to CAD 1185.0222 CAD to NGN
NGN NGN KYD KYD 0.0005 NGN to KYD 1942.2824 KYD to NGN
NGN NGN CLP CLP 0.5611 NGN to CLP 1.7822 CLP to NGN
NGN NGN COP COP 2.4282 NGN to COP 0.4118 COP to NGN
NGN NGN CRC CRC 0.323 NGN to CRC 3.096 CRC to NGN
NGN NGN DOP DOP 0.0365 NGN to DOP 27.3788 DOP to NGN
NGN NGN SVC SVC 0.0054 NGN to SVC 184.9928 SVC to NGN
NGN NGN FJD FJD 0.0014 NGN to FJD 727.3314 FJD to NGN
NGN NGN HNL HNL 0.0153 NGN to HNL 65.3483 HNL to NGN
NGN NGN JMD JMD 0.0968 NGN to JMD 10.3296 JMD to NGN
NGN NGN MXN MXN 0.011 NGN to MXN 91.2322 MXN to NGN
NGN NGN ANG ANG 0.0011 NGN to ANG 898.1461 ANG to NGN
NGN NGN PYG PYG 4.6559 NGN to PYG 0.2148 PYG to NGN
NGN NGN PEN PEN 0.0023 NGN to PEN 434.2402 PEN to NGN
NGN NGN TTD TTD 0.0042 NGN to TTD 238.413 TTD to NGN
NGN NGN USD USD 0.0006 NGN to USD 1621.3635 USD to NGN
NGN NGN UYU UYU 0.0247 NGN to UYU 40.4283 UYU to NGN
NGN NGN VEF VEF 2234.342 NGN to VEF 0.0004 VEF to NGN
Updated: 2024-07-16
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN AUD AUD 0.0009 NGN to AUD 1094.0986 AUD to NGN
NGN NGN BDT BDT 0.0726 NGN to BDT 13.7747 BDT to NGN
NGN NGN BND BND 0.0008 NGN to BND 1206.1608 BND to NGN
NGN NGN CNY CNY 0.0045 NGN to CNY 223.3311 CNY to NGN
NGN NGN INR INR 0.0515 NGN to INR 19.399 INR to NGN
NGN NGN IDR IDR 9.9965 NGN to IDR 0.1 IDR to NGN
NGN NGN JPY JPY 0.0978 NGN to JPY 10.2207 JPY to NGN
NGN NGN MYR MYR 0.0029 NGN to MYR 346.5906 MYR to NGN
NGN NGN MVR MVR 0.0095 NGN to MVR 105.2958 MVR to NGN
NGN NGN NPR NPR 0.0826 NGN to NPR 12.1034 NPR to NGN
NGN NGN NZD NZD 0.001 NGN to NZD 982.311 NZD to NGN
NGN NGN PKR PKR 0.1718 NGN to PKR 5.8204 PKR to NGN
NGN NGN PGK PGK 0.0024 NGN to PGK 413.7628 PGK to NGN
NGN NGN PHP PHP 0.0361 NGN to PHP 27.7386 PHP to NGN
NGN NGN SCR SCR 0.0085 NGN to SCR 117.5925 SCR to NGN
NGN NGN SGD SGD 0.0008 NGN to SGD 1206.0075 SGD to NGN
NGN NGN KRW KRW 0.8545 NGN to KRW 1.1702 KRW to NGN
NGN NGN LKR LKR 0.187 NGN to LKR 5.3465 LKR to NGN
NGN NGN TWD TWD 0.0201 NGN to TWD 49.7396 TWD to NGN
NGN NGN THB THB 0.0223 NGN to THB 44.7563 THB to NGN
Updated: 2024-07-16
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN BHD BHD 0.0002 NGN to BHD 4301.2304 BHD to NGN
NGN NGN EGP EGP 0.0296 NGN to EGP 33.8138 EGP to NGN
NGN NGN HKD HKD 0.0048 NGN to HKD 207.7253 HKD to NGN
NGN NGN ILS ILS 0.0022 NGN to ILS 447.0812 ILS to NGN
NGN NGN JOD JOD 0.0004 NGN to JOD 2287.8023 JOD to NGN
NGN NGN KWD KWD 0.0002 NGN to KWD 5303.9454 KWD to NGN
NGN NGN LBP LBP 55.2158 NGN to LBP 0.0181 LBP to NGN
NGN NGN OMR OMR 0.0002 NGN to OMR 4211.8783 OMR to NGN
NGN NGN QAR QAR 0.0023 NGN to QAR 443.4878 QAR to NGN
NGN NGN SAR SAR 0.0023 NGN to SAR 432.2886 SAR to NGN
NGN NGN AED AED 0.0023 NGN to AED 441.4315 AED to NGN
NGN NGN YER YER 0.1544 NGN to YER 6.477 YER to NGN
Updated: 2024-07-16
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN NGN DZD DZD 0.0829 NGN to DZD 12.0674 DZD to NGN
NGN NGN KES KES 0.0796 NGN to KES 12.5688 KES to NGN
NGN NGN MUR MUR 0.0287 NGN to MUR 34.7923 MUR to NGN
NGN NGN MAD MAD 0.0061 NGN to MAD 165.0226 MAD to NGN
NGN NGN NAD NAD 0.0112 NGN to NAD 88.9726 NAD to NGN
NGN NGN NIO NIO 0.0227 NGN to NIO 43.9726 NIO to NGN
NGN NGN SLL SLL 12.9333 NGN to SLL 0.0773 SLL to NGN
NGN NGN ZAR ZAR 0.0112 NGN to ZAR 89.0423 ZAR to NGN
NGN NGN TZS TZS 1.6375 NGN to TZS 0.6107 TZS to NGN
NGN NGN TND TND 0.0019 NGN to TND 522.4629 TND to NGN
NGN NGN UGX UGX 2.2861 NGN to UGX 0.4374 UGX to NGN
NGN NGN XOF XOF 0.3714 NGN to XOF 2.6922 XOF to NGN
NGN NGN ZMK ZMK 5.5516 NGN to ZMK 0.1801 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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