Nigerian Naira (NGN) Exchange Rates on 23rd July 2014 (23/07/2014)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2014-07-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0036 NGN to GBP 275.9732 GBP to NGN
NGN BGN 0.009 NGN to BGN 111.6484 BGN to NGN
NGN HRK 0.0349 NGN to HRK 28.6362 HRK to NGN
NGN CZK 0.1259 NGN to CZK 7.9455 CZK to NGN
NGN DKK 0.0342 NGN to DKK 29.2604 DKK to NGN
NGN HUF 1.4081 NGN to HUF 0.7102 HUF to NGN
NGN KZT 1.1328 NGN to KZT 0.8828 KZT to NGN
NGN LVL 0.0031 NGN to LVL 318.1499 LVL to NGN
NGN LTL 0.0158 NGN to LTL 63.179 LTL to NGN
NGN MKD 0.2807 NGN to MKD 3.5624 MKD to NGN
NGN MDL 0.086 NGN to MDL 11.6298 MDL to NGN
NGN NOK 0.0381 NGN to NOK 26.2171 NOK to NGN
NGN PLN 0.0189 NGN to PLN 52.7792 PLN to NGN
NGN RON 0.0203 NGN to RON 49.3182 RON to NGN
NGN RUB 0.2154 NGN to RUB 4.6422 RUB to NGN
NGN SEK 0.0422 NGN to SEK 23.7114 SEK to NGN
NGN CHF 0.0056 NGN to CHF 179.5495 CHF to NGN
NGN TRY 0.0129 NGN to TRY 77.3956 TRY to NGN
NGN UAH 0.0721 NGN to UAH 13.8759 UAH to NGN
Updated: 2014-07-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.0504 NGN to ARS 19.8287 ARS to NGN
NGN BOB 0.0427 NGN to BOB 23.4455 BOB to NGN
NGN BRL 0.0137 NGN to BRL 73.1676 BRL to NGN
NGN CAD 0.0066 NGN to CAD 151.007 CAD to NGN
NGN KYD 0.0051 NGN to KYD 197.5618 KYD to NGN
NGN CLP 3.4858 NGN to CLP 0.2869 CLP to NGN
NGN COP 11.3777 NGN to COP 0.0879 COP to NGN
NGN CRC 3.3302 NGN to CRC 0.3003 CRC to NGN
NGN DOP 0.2677 NGN to DOP 3.735 DOP to NGN
NGN SVC 0.054 NGN to SVC 18.5207 SVC to NGN
NGN FJD 0.0113 NGN to FJD 88.6802 FJD to NGN
NGN HNL 0.1294 NGN to HNL 7.7292 HNL to NGN
NGN JMD 0.6936 NGN to JMD 1.4417 JMD to NGN
NGN MXN 0.0799 NGN to MXN 12.5217 MXN to NGN
NGN ANG 0.011 NGN to ANG 90.5032 ANG to NGN
NGN PYG 26.4133 NGN to PYG 0.0379 PYG to NGN
NGN PEN 0.0172 NGN to PEN 58.0233 PEN to NGN
NGN TTD 0.0394 NGN to TTD 25.4067 TTD to NGN
NGN USD 0.0062 NGN to USD 162.0004 USD to NGN
NGN UYU 0.1418 NGN to UYU 7.0527 UYU to NGN
NGN VEF 0.0388 NGN to VEF 25.745 VEF to NGN
Updated: 2014-07-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0065 NGN to AUD 153.0799 AUD to NGN
NGN BDT 0.4786 NGN to BDT 2.0893 BDT to NGN
NGN BND 0.0076 NGN to BND 130.8462 BND to NGN
NGN CNY 0.0383 NGN to CNY 26.1346 CNY to NGN
NGN INR 0.3707 NGN to INR 2.6978 INR to NGN
NGN IDR 71.0354 NGN to IDR 0.0141 IDR to NGN
NGN JPY 0.626 NGN to JPY 1.5975 JPY to NGN
NGN MYR 0.0196 NGN to MYR 51.1446 MYR to NGN
NGN MVR 0.0951 NGN to MVR 10.5127 MVR to NGN
NGN NPR 0.5942 NGN to NPR 1.683 NPR to NGN
NGN NZD 0.0071 NGN to NZD 140.7382 NZD to NGN
NGN PKR 0.6093 NGN to PKR 1.6412 PKR to NGN
NGN PGK 0.0151 NGN to PGK 66.4199 PGK to NGN
NGN PHP 0.2665 NGN to PHP 3.7526 PHP to NGN
NGN SCR 0.0759 NGN to SCR 13.1836 SCR to NGN
NGN SGD 0.0077 NGN to SGD 129.6729 SGD to NGN
NGN KRW 6.3204 NGN to KRW 0.1582 KRW to NGN
NGN LKR 0.8043 NGN to LKR 1.2433 LKR to NGN
NGN TWD 0.1848 NGN to TWD 5.4105 TWD to NGN
NGN THB 0.1962 NGN to THB 5.0968 THB to NGN
Updated: 2014-07-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.0023 NGN to BHD 429.676 BHD to NGN
NGN EGP 0.0441 NGN to EGP 22.6555 EGP to NGN
NGN HKD 0.0478 NGN to HKD 20.9013 HKD to NGN
NGN ILS 0.0211 NGN to ILS 47.4845 ILS to NGN
NGN JOD 0.0044 NGN to JOD 228.5723 JOD to NGN
NGN KWD 0.0017 NGN to KWD 573.3622 KWD to NGN
NGN LBP 9.3363 NGN to LBP 0.1071 LBP to NGN
NGN OMR 0.0024 NGN to OMR 420.7257 OMR to NGN
NGN QAR 0.0225 NGN to QAR 44.4983 QAR to NGN
NGN SAR 0.0232 NGN to SAR 43.1932 SAR to NGN
NGN AED 0.0227 NGN to AED 44.1058 AED to NGN
NGN YER 1.326 NGN to YER 0.7542 YER to NGN
Updated: 2014-07-23
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.4922 NGN to DZD 2.0318 DZD to NGN
NGN KES 0.5429 NGN to KES 1.842 KES to NGN
NGN MUR 0.1883 NGN to MUR 5.3115 MUR to NGN
NGN MAD 0.0514 NGN to MAD 19.4681 MAD to NGN
NGN NAD 0.0653 NGN to NAD 15.3239 NAD to NGN
NGN NIO 0.1607 NGN to NIO 6.2224 NIO to NGN
NGN SLL 26.9742 NGN to SLL 0.0371 SLL to NGN
NGN ZAR 0.065 NGN to ZAR 15.3823 ZAR to NGN
NGN TZS 10.2561 NGN to TZS 0.0975 TZS to NGN
NGN TND 0.0107 NGN to TND 93.8043 TND to NGN
NGN UGX 16.2344 NGN to UGX 0.0616 UGX to NGN
NGN XOF 3.0089 NGN to XOF 0.3323 XOF to NGN
NGN ZMK 32.5051 NGN to ZMK 0.0308 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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