Nigerian Naira (NGN) Exchange Rates on 21st August 2014 (21/08/2014)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2014-08-21
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0037 NGN to GBP 268.589 GBP to NGN
NGN BGN 0.0091 NGN to BGN 109.5154 BGN to NGN
NGN HRK 0.0354 NGN to HRK 28.2159 HRK to NGN
NGN CZK 0.1292 NGN to CZK 7.7388 CZK to NGN
NGN DKK 0.0347 NGN to DKK 28.8586 DKK to NGN
NGN HUF 1.458 NGN to HUF 0.6859 HUF to NGN
NGN KZT 1.1239 NGN to KZT 0.8898 KZT to NGN
NGN LVL 0.0033 NGN to LVL 306.3217 LVL to NGN
NGN LTL 0.016 NGN to LTL 62.3185 LTL to NGN
NGN MKD 0.2862 NGN to MKD 3.4945 MKD to NGN
NGN MDL 0.0854 NGN to MDL 11.7054 MDL to NGN
NGN NOK 0.0379 NGN to NOK 26.355 NOK to NGN
NGN PLN 0.0195 NGN to PLN 51.3903 PLN to NGN
NGN RON 0.0205 NGN to RON 48.8764 RON to NGN
NGN RUB 0.2223 NGN to RUB 4.4981 RUB to NGN
NGN SEK 0.0425 NGN to SEK 23.5103 SEK to NGN
NGN CHF 0.0056 NGN to CHF 177.744 CHF to NGN
NGN TRY 0.0134 NGN to TRY 74.3817 TRY to NGN
NGN UAH 0.0809 NGN to UAH 12.3542 UAH to NGN
Updated: 2014-08-21
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.0517 NGN to ARS 19.325 ARS to NGN
NGN BOB 0.0426 NGN to BOB 23.454 BOB to NGN
NGN BRL 0.0139 NGN to BRL 71.8825 BRL to NGN
NGN CAD 0.0068 NGN to CAD 148.0569 CAD to NGN
NGN KYD 0.0051 NGN to KYD 197.6334 KYD to NGN
NGN CLP 3.5955 NGN to CLP 0.2781 CLP to NGN
NGN COP 11.848 NGN to COP 0.0844 COP to NGN
NGN CRC 3.3429 NGN to CRC 0.2991 CRC to NGN
NGN DOP 0.2686 NGN to DOP 3.7234 DOP to NGN
NGN SVC 0.054 NGN to SVC 18.5274 SVC to NGN
NGN FJD 0.0115 NGN to FJD 87.1057 FJD to NGN
NGN HNL 0.1301 NGN to HNL 7.6886 HNL to NGN
NGN JMD 0.6945 NGN to JMD 1.4399 JMD to NGN
NGN MXN 0.0809 NGN to MXN 12.3629 MXN to NGN
NGN ANG 0.011 NGN to ANG 90.5358 ANG to NGN
NGN PYG 26.2916 NGN to PYG 0.038 PYG to NGN
NGN PEN 0.0174 NGN to PEN 57.3663 PEN to NGN
NGN TTD 0.0391 NGN to TTD 25.5654 TTD to NGN
NGN USD 0.0062 NGN to USD 162.0592 USD to NGN
NGN UYU 0.1477 NGN to UYU 6.7694 UYU to NGN
NGN VEF 0.0388 NGN to VEF 25.7543 VEF to NGN
Updated: 2014-08-21
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0066 NGN to AUD 150.8153 AUD to NGN
NGN BDT 0.4791 NGN to BDT 2.0874 BDT to NGN
NGN BND 0.0077 NGN to BND 129.7353 BND to NGN
NGN CNY 0.038 NGN to CNY 26.3117 CNY to NGN
NGN INR 0.3744 NGN to INR 2.6707 INR to NGN
NGN IDR 72.4101 NGN to IDR 0.0138 IDR to NGN
NGN JPY 0.6412 NGN to JPY 1.5597 JPY to NGN
NGN MYR 0.0195 NGN to MYR 51.1874 MYR to NGN
NGN MVR 0.0946 NGN to MVR 10.5713 MVR to NGN
NGN NPR 0.607 NGN to NPR 1.6475 NPR to NGN
NGN NZD 0.0074 NGN to NZD 136.0486 NZD to NGN
NGN PKR 0.6231 NGN to PKR 1.6049 PKR to NGN
NGN PGK 0.0152 NGN to PGK 65.8761 PGK to NGN
NGN PHP 0.2704 NGN to PHP 3.6983 PHP to NGN
NGN SCR 0.0785 NGN to SCR 12.7441 SCR to NGN
NGN SGD 0.0077 NGN to SGD 129.8118 SGD to NGN
NGN KRW 6.2999 NGN to KRW 0.1587 KRW to NGN
NGN LKR 0.8034 NGN to LKR 1.2448 LKR to NGN
NGN TWD 0.1849 NGN to TWD 5.407 TWD to NGN
NGN THB 0.1973 NGN to THB 5.0675 THB to NGN
Updated: 2014-08-21
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.0023 NGN to BHD 429.8317 BHD to NGN
NGN EGP 0.0441 NGN to EGP 22.6637 EGP to NGN
NGN HKD 0.0478 NGN to HKD 20.9108 HKD to NGN
NGN ILS 0.0217 NGN to ILS 45.9848 ILS to NGN
NGN JOD 0.0044 NGN to JOD 229.124 JOD to NGN
NGN KWD 0.0018 NGN to KWD 570.2295 KWD to NGN
NGN LBP 9.3084 NGN to LBP 0.1074 LBP to NGN
NGN OMR 0.0024 NGN to OMR 420.8779 OMR to NGN
NGN QAR 0.0225 NGN to QAR 44.5053 QAR to NGN
NGN SAR 0.0231 NGN to SAR 43.2123 SAR to NGN
NGN AED 0.0227 NGN to AED 44.1217 AED to NGN
NGN YER 1.3261 NGN to YER 0.7541 YER to NGN
Updated: 2014-08-21
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.4945 NGN to DZD 2.0223 DZD to NGN
NGN KES 0.5455 NGN to KES 1.8333 KES to NGN
NGN MUR 0.1922 NGN to MUR 5.2026 MUR to NGN
NGN MAD 0.0518 NGN to MAD 19.2873 MAD to NGN
NGN NAD 0.066 NGN to NAD 15.1616 NAD to NGN
NGN NIO 0.1613 NGN to NIO 6.2009 NIO to NGN
NGN SLL 27.1508 NGN to SLL 0.0368 SLL to NGN
NGN ZAR 0.066 NGN to ZAR 15.1559 ZAR to NGN
NGN TZS 10.2955 NGN to TZS 0.0971 TZS to NGN
NGN TND 0.0106 NGN to TND 94.0563 TND to NGN
NGN UGX 16.0126 NGN to UGX 0.0625 UGX to NGN
NGN XOF 3.052 NGN to XOF 0.3277 XOF to NGN
NGN ZMK 32.4703 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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