Nigerian Naira (NGN) Exchange Rates on 23rd April 2014 (23/04/2014)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2014-04-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0037 NGN to GBP 271.6229 GBP to NGN
NGN BGN 0.0087 NGN to BGN 114.4206 BGN to NGN
NGN HRK 0.034 NGN to HRK 29.3722 HRK to NGN
NGN CZK 0.1227 NGN to CZK 8.1502 CZK to NGN
NGN DKK 0.0334 NGN to DKK 29.9721 DKK to NGN
NGN HUF 1.3754 NGN to HUF 0.7271 HUF to NGN
NGN KZT 1.1257 NGN to KZT 0.8883 KZT to NGN
NGN LVL 0.0031 NGN to LVL 317.9247 LVL to NGN
NGN LTL 0.0154 NGN to LTL 64.8485 LTL to NGN
NGN MKD 0.2754 NGN to MKD 3.6304 MKD to NGN
NGN MDL 0.081 NGN to MDL 12.341 MDL to NGN
NGN NOK 0.037 NGN to NOK 27.0342 NOK to NGN
NGN PLN 0.0187 NGN to PLN 53.3874 PLN to NGN
NGN RON 0.02 NGN to RON 50.0618 RON to NGN
NGN RUB 0.2208 NGN to RUB 4.5295 RUB to NGN
NGN SEK 0.0406 NGN to SEK 24.6351 SEK to NGN
NGN CHF 0.0055 NGN to CHF 183.4371 CHF to NGN
NGN TRY 0.0133 NGN to TRY 75.3494 TRY to NGN
NGN UAH 0.0716 NGN to UAH 13.9697 UAH to NGN
Updated: 2014-04-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.0495 NGN to ARS 20.2105 ARS to NGN
NGN BOB 0.0427 NGN to BOB 23.4008 BOB to NGN
NGN BRL 0.0139 NGN to BRL 72.197 BRL to NGN
NGN CAD 0.0068 NGN to CAD 146.5469 CAD to NGN
NGN KYD 0.0051 NGN to KYD 197.1945 KYD to NGN
NGN CLP 3.48 NGN to CLP 0.2874 CLP to NGN
NGN COP 11.9603 NGN to COP 0.0836 COP to NGN
NGN CRC 3.3921 NGN to CRC 0.2948 CRC to NGN
NGN DOP 0.2672 NGN to DOP 3.7431 DOP to NGN
NGN SVC 0.0541 NGN to SVC 18.48 SVC to NGN
NGN FJD 0.0113 NGN to FJD 88.4171 FJD to NGN
NGN HNL 0.1182 NGN to HNL 8.4615 HNL to NGN
NGN JMD 0.678 NGN to JMD 1.4748 JMD to NGN
NGN MXN 0.0808 NGN to MXN 12.3785 MXN to NGN
NGN ANG 0.0109 NGN to ANG 91.3559 ANG to NGN
NGN PYG 27.3591 NGN to PYG 0.0366 PYG to NGN
NGN PEN 0.0172 NGN to PEN 58.0547 PEN to NGN
NGN TTD 0.04 NGN to TTD 25.0123 TTD to NGN
NGN USD 0.0062 NGN to USD 161.6997 USD to NGN
NGN UYU 0.1417 NGN to UYU 7.055 UYU to NGN
NGN VEF 0.0389 NGN to VEF 25.6989 VEF to NGN
Updated: 2014-04-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0067 NGN to AUD 150.1222 AUD to NGN
NGN BDT 0.4801 NGN to BDT 2.083 BDT to NGN
NGN BND 0.0078 NGN to BND 128.7317 BND to NGN
NGN CNY 0.0386 NGN to CNY 25.9226 CNY to NGN
NGN INR 0.3777 NGN to INR 2.6476 INR to NGN
NGN IDR 71.9236 NGN to IDR 0.0139 IDR to NGN
NGN JPY 0.6323 NGN to JPY 1.5816 JPY to NGN
NGN MYR 0.0202 NGN to MYR 49.5176 MYR to NGN
NGN MVR 0.0955 NGN to MVR 10.466 MVR to NGN
NGN NPR 0.6054 NGN to NPR 1.6517 NPR to NGN
NGN NZD 0.0072 NGN to NZD 138.9322 NZD to NGN
NGN PKR 0.605 NGN to PKR 1.6529 PKR to NGN
NGN PGK 0.0164 NGN to PGK 60.7991 PGK to NGN
NGN PHP 0.2765 NGN to PHP 3.617 PHP to NGN
NGN SCR 0.0755 NGN to SCR 13.2387 SCR to NGN
NGN SGD 0.0078 NGN to SGD 128.721 SGD to NGN
NGN KRW 6.4292 NGN to KRW 0.1555 KRW to NGN
NGN LKR 0.808 NGN to LKR 1.2377 LKR to NGN
NGN TWD 0.1873 NGN to TWD 5.34 TWD to NGN
NGN THB 0.2 NGN to THB 4.9989 THB to NGN
Updated: 2014-04-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.0023 NGN to BHD 428.9002 BHD to NGN
NGN EGP 0.0433 NGN to EGP 23.1158 EGP to NGN
NGN HKD 0.0479 NGN to HKD 20.8575 HKD to NGN
NGN ILS 0.0216 NGN to ILS 46.3257 ILS to NGN
NGN JOD 0.0044 NGN to JOD 228.325 JOD to NGN
NGN KWD 0.0017 NGN to KWD 574.8298 KWD to NGN
NGN LBP 9.3298 NGN to LBP 0.1072 LBP to NGN
NGN OMR 0.0024 NGN to OMR 420.021 OMR to NGN
NGN QAR 0.0225 NGN to QAR 44.4108 QAR to NGN
NGN SAR 0.0232 NGN to SAR 43.1165 SAR to NGN
NGN AED 0.0227 NGN to AED 44.0239 AED to NGN
NGN YER 1.3302 NGN to YER 0.7517 YER to NGN
Updated: 2014-04-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.4851 NGN to DZD 2.0613 DZD to NGN
NGN KES 0.5382 NGN to KES 1.8582 KES to NGN
NGN MUR 0.1857 NGN to MUR 5.3855 MUR to NGN
NGN MAD 0.0502 NGN to MAD 19.9361 MAD to NGN
NGN NAD 0.0655 NGN to NAD 15.2706 NAD to NGN
NGN NIO 0.1575 NGN to NIO 6.3511 NIO to NGN
NGN SLL 26.7717 NGN to SLL 0.0374 SLL to NGN
NGN ZAR 0.0655 NGN to ZAR 15.2706 ZAR to NGN
NGN TZS 10.1361 NGN to TZS 0.0987 TZS to NGN
NGN TND 0.0098 NGN to TND 101.6145 TND to NGN
NGN UGX 15.5412 NGN to UGX 0.0643 UGX to NGN
NGN XOF 2.9354 NGN to XOF 0.3407 XOF 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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