Nigerian Naira (NGN) Exchange Rates on 24th July 2019 (24/07/2019)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2019-07-24
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0038 NGN to GBP 263.995 GBP to NGN
NGN BGN 0.0093 NGN to BGN 107.2543 BGN to NGN
NGN HRK 0.0362 NGN to HRK 27.5982 HRK to NGN
NGN CZK 0.1312 NGN to CZK 7.6208 CZK to NGN
NGN DKK 0.0354 NGN to DKK 28.2621 DKK to NGN
NGN HUF 1.4936 NGN to HUF 0.6695 HUF to NGN
NGN KZT 1.118 NGN to KZT 0.8945 KZT to NGN
NGN LVL 0.0033 NGN to LVL 299.4306 LVL to NGN
NGN LTL 0.0164 NGN to LTL 60.9247 LTL to NGN
NGN MKD 0.2918 NGN to MKD 3.4267 MKD to NGN
NGN MDL 0.0878 NGN to MDL 11.3848 MDL to NGN
NGN NOK 0.0392 NGN to NOK 25.5124 NOK to NGN
NGN PLN 0.02 NGN to PLN 50.1201 PLN to NGN
NGN RON 0.021 NGN to RON 47.6171 RON to NGN
NGN RUB 0.2307 NGN to RUB 4.3349 RUB to NGN
NGN SEK 0.0438 NGN to SEK 22.8296 SEK to NGN
NGN CHF 0.0057 NGN to CHF 173.9389 CHF to NGN
NGN TRY 0.0135 NGN to TRY 73.9512 TRY to NGN
NGN UAH 0.0797 NGN to UAH 12.5424 UAH to NGN
Updated: 2019-07-24
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.0516 NGN to ARS 19.374 ARS to NGN
NGN BOB 0.0424 NGN to BOB 23.5613 BOB to NGN
NGN BRL 0.0141 NGN to BRL 71.1166 BRL to NGN
NGN CAD 0.0068 NGN to CAD 147.32 CAD to NGN
NGN KYD 0.005 NGN to KYD 198.5368 KYD to NGN
NGN CLP 3.6188 NGN to CLP 0.2763 CLP to NGN
NGN COP 12.1343 NGN to COP 0.0824 COP to NGN
NGN CRC 3.3286 NGN to CRC 0.3004 CRC to NGN
NGN DOP 0.2683 NGN to DOP 3.7271 DOP to NGN
NGN SVC 0.0537 NGN to SVC 18.6121 SVC to NGN
NGN FJD 0.0113 NGN to FJD 88.1909 FJD to NGN
NGN HNL 0.1299 NGN to HNL 7.6975 HNL to NGN
NGN JMD 0.6913 NGN to JMD 1.4465 JMD to NGN
NGN MXN 0.0812 NGN to MXN 12.3148 MXN to NGN
NGN ANG 0.011 NGN to ANG 90.9497 ANG to NGN
NGN PYG 26.3771 NGN to PYG 0.0379 PYG to NGN
NGN PEN 0.0175 NGN to PEN 57.023 PEN to NGN
NGN TTD 0.039 NGN to TTD 25.6455 TTD to NGN
NGN USD 0.0061 NGN to USD 162.8 USD to NGN
NGN UYU 0.1488 NGN to UYU 6.719 UYU to NGN
NGN VEF 0.0386 NGN to VEF 25.8918 VEF to NGN
Updated: 2019-07-24
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0068 NGN to AUD 148.03 AUD to NGN
NGN BDT 0.4757 NGN to BDT 2.1021 BDT to NGN
NGN BND 0.0078 NGN to BND 128.8844 BND to NGN
NGN CNY 0.0377 NGN to CNY 26.5579 CNY to NGN
NGN INR 0.3738 NGN to INR 2.6752 INR to NGN
NGN IDR 72.9096 NGN to IDR 0.0137 IDR to NGN
NGN JPY 0.6576 NGN to JPY 1.5206 JPY to NGN
NGN MYR 0.0196 NGN to MYR 50.9866 MYR to NGN
NGN MVR 0.0944 NGN to MVR 10.592 MVR to NGN
NGN NPR 0.5992 NGN to NPR 1.6689 NPR to NGN
NGN NZD 0.0075 NGN to NZD 132.9573 NZD to NGN
NGN PKR 0.6284 NGN to PKR 1.5914 PKR to NGN
NGN PGK 0.0152 NGN to PGK 65.7713 PGK to NGN
NGN PHP 0.2697 NGN to PHP 3.7072 PHP to NGN
NGN SCR 0.0797 NGN to SCR 12.5442 SCR to NGN
NGN SGD 0.0077 NGN to SGD 130.3745 SGD to NGN
NGN KRW 6.3679 NGN to KRW 0.157 KRW to NGN
NGN LKR 0.8002 NGN to LKR 1.2497 LKR to NGN
NGN TWD 0.1845 NGN to TWD 5.4199 TWD to NGN
NGN THB 0.1977 NGN to THB 5.059 THB to NGN
Updated: 2019-07-24
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.0023 NGN to BHD 431.7162 BHD to NGN
NGN EGP 0.0439 NGN to EGP 22.7613 EGP to NGN
NGN HKD 0.0476 NGN to HKD 21.005 HKD to NGN
NGN ILS 0.0223 NGN to ILS 44.8516 ILS to NGN
NGN JOD 0.0044 NGN to JOD 229.7489 JOD to NGN
NGN KWD 0.0018 NGN to KWD 568.1785 KWD to NGN
NGN LBP 9.2936 NGN to LBP 0.1076 LBP to NGN
NGN OMR 0.0024 NGN to OMR 422.9119 OMR to NGN
NGN QAR 0.0224 NGN to QAR 44.7044 QAR to NGN
NGN SAR 0.023 NGN to SAR 43.4041 SAR to NGN
NGN AED 0.0226 NGN to AED 44.321 AED to NGN
NGN YER 1.3201 NGN to YER 0.7575 YER to NGN
Updated: 2019-07-24
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.4969 NGN to DZD 2.0124 DZD to NGN
NGN KES 0.5461 NGN to KES 1.8313 KES to NGN
NGN MUR 0.1947 NGN to MUR 5.1357 MUR to NGN
NGN MAD 0.0529 NGN to MAD 18.8991 MAD to NGN
NGN NAD 0.0674 NGN to NAD 14.8462 NAD to NGN
NGN NIO 0.161 NGN to NIO 6.2126 NIO to NGN
NGN SLL 26.8418 NGN to SLL 0.0373 SLL to NGN
NGN ZAR 0.0674 NGN to ZAR 14.8317 ZAR to NGN
NGN TZS 10.2179 NGN to TZS 0.0979 TZS to NGN
NGN TND 0.0108 NGN to TND 92.2377 TND to NGN
NGN UGX 16.0011 NGN to UGX 0.0625 UGX to NGN
NGN XOF 3.1195 NGN to XOF 0.3206 XOF to NGN
NGN ZMK 32.3302 NGN to ZMK 0.0309 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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