Nigerian Naira (NGN) Exchange Rates on 20th April 2014 (20/04/2014)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2014-04-20
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0037 NGN to GBP 272.3372 GBP to NGN
NGN BGN 0.0087 NGN to BGN 114.6294 BGN to NGN
NGN HRK 0.034 NGN to HRK 29.4158 HRK to NGN
NGN CZK 0.1224 NGN to CZK 8.1669 CZK to NGN
NGN DKK 0.0333 NGN to DKK 30.0272 DKK to NGN
NGN HUF 1.367 NGN to HUF 0.7315 HUF to NGN
NGN KZT 1.122 NGN to KZT 0.8912 KZT to NGN
NGN LVL 0.0031 NGN to LVL 319.2721 LVL to NGN
NGN LTL 0.0154 NGN to LTL 64.9312 LTL to NGN
NGN MKD 0.2744 NGN to MKD 3.6445 MKD to NGN
NGN MDL 0.0808 NGN to MDL 12.3753 MDL to NGN
NGN NOK 0.0369 NGN to NOK 27.1077 NOK to NGN
NGN PLN 0.0187 NGN to PLN 53.6004 PLN to NGN
NGN RON 0.0199 NGN to RON 50.2414 RON to NGN
NGN RUB 0.2195 NGN to RUB 4.5561 RUB to NGN
NGN SEK 0.0407 NGN to SEK 24.583 SEK to NGN
NGN CHF 0.0054 NGN to CHF 183.7292 CHF to NGN
NGN TRY 0.0131 NGN to TRY 76.2116 TRY to NGN
NGN UAH 0.0696 NGN to UAH 14.3601 UAH to NGN
Updated: 2014-04-20
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.0493 NGN to ARS 20.2817 ARS to NGN
NGN BOB 0.0426 NGN to BOB 23.4833 BOB to NGN
NGN BRL 0.0138 NGN to BRL 72.5325 BRL to NGN
NGN CAD 0.0068 NGN to CAD 147.1703 CAD to NGN
NGN KYD 0.0051 NGN to KYD 197.8894 KYD to NGN
NGN CLP 3.4313 NGN to CLP 0.2914 CLP to NGN
NGN COP 11.8907 NGN to COP 0.0841 COP to NGN
NGN CRC 3.3851 NGN to CRC 0.2954 CRC to NGN
NGN DOP 0.2661 NGN to DOP 3.7584 DOP to NGN
NGN SVC 0.0539 NGN to SVC 18.5451 SVC to NGN
NGN FJD 0.0113 NGN to FJD 88.5018 FJD to NGN
NGN HNL 0.1178 NGN to HNL 8.4914 HNL to NGN
NGN JMD 0.6784 NGN to JMD 1.474 JMD to NGN
NGN MXN 0.0804 NGN to MXN 12.4359 MXN to NGN
NGN ANG 0.0109 NGN to ANG 91.6777 ANG to NGN
NGN PYG 27.3986 NGN to PYG 0.0365 PYG to NGN
NGN PEN 0.0171 NGN to PEN 58.5283 PEN to NGN
NGN TTD 0.0398 NGN to TTD 25.1005 TTD to NGN
NGN USD 0.0062 NGN to USD 162.2696 USD to NGN
NGN UYU 0.1412 NGN to UYU 7.0798 UYU to NGN
NGN VEF 0.0388 NGN to VEF 25.7894 VEF to NGN
Updated: 2014-04-20
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0066 NGN to AUD 151.3976 AUD to NGN
NGN BDT 0.4785 NGN to BDT 2.0898 BDT to NGN
NGN BND 0.0077 NGN to BND 129.5357 BND to NGN
NGN CNY 0.0384 NGN to CNY 26.0707 CNY to NGN
NGN INR 0.3715 NGN to INR 2.6915 INR to NGN
NGN IDR 70.3757 NGN to IDR 0.0142 IDR to NGN
NGN JPY 0.6312 NGN to JPY 1.5842 JPY to NGN
NGN MYR 0.02 NGN to MYR 50.0755 MYR to NGN
NGN MVR 0.0964 NGN to MVR 10.3753 MVR to NGN
NGN NPR 0.5945 NGN to NPR 1.6821 NPR to NGN
NGN NZD 0.0072 NGN to NZD 139.1302 NZD to NGN
NGN PKR 0.6013 NGN to PKR 1.6629 PKR to NGN
NGN PGK 0.0165 NGN to PGK 60.4454 PGK to NGN
NGN PHP 0.2738 NGN to PHP 3.6518 PHP to NGN
NGN SCR 0.0756 NGN to SCR 13.2271 SCR to NGN
NGN SGD 0.0077 NGN to SGD 129.5465 SGD to NGN
NGN KRW 6.3967 NGN to KRW 0.1563 KRW to NGN
NGN LKR 0.8049 NGN to LKR 1.2424 LKR to NGN
NGN TWD 0.1859 NGN to TWD 5.379 TWD to NGN
NGN THB 0.1984 NGN to THB 5.041 THB to NGN
Updated: 2014-04-20
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.0023 NGN to BHD 430.4233 BHD to NGN
NGN EGP 0.0431 NGN to EGP 23.2142 EGP to NGN
NGN HKD 0.0478 NGN to HKD 20.9267 HKD to NGN
NGN ILS 0.0214 NGN to ILS 46.6292 ILS to NGN
NGN JOD 0.0044 NGN to JOD 229.1942 JOD to NGN
NGN KWD 0.0017 NGN to KWD 576.2414 KWD to NGN
NGN LBP 9.297 NGN to LBP 0.1076 LBP to NGN
NGN OMR 0.0024 NGN to OMR 421.4796 OMR to NGN
NGN QAR 0.0224 NGN to QAR 44.5686 QAR to NGN
NGN SAR 0.0231 NGN to SAR 43.2685 SAR to NGN
NGN AED 0.0226 NGN to AED 44.1791 AED to NGN
NGN YER 1.3251 NGN to YER 0.7546 YER to NGN
Updated: 2014-04-20
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.4843 NGN to DZD 2.0649 DZD to NGN
NGN KES 0.5349 NGN to KES 1.8695 KES to NGN
NGN MUR 0.1856 NGN to MUR 5.3874 MUR to NGN
NGN MAD 0.0501 NGN to MAD 19.9532 MAD to NGN
NGN NAD 0.0647 NGN to NAD 15.4506 NAD to NGN
NGN NIO 0.1549 NGN to NIO 6.4546 NIO to NGN
NGN SLL 27.0847 NGN to SLL 0.0369 SLL to NGN
NGN ZAR 0.0647 NGN to ZAR 15.4506 ZAR to NGN
NGN TZS 10.0758 NGN to TZS 0.0992 TZS to NGN
NGN TND 0.0098 NGN to TND 102.0629 TND to NGN
NGN UGX 15.468 NGN to UGX 0.0646 UGX to NGN
NGN XOF 2.9301 NGN to XOF 0.3413 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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