Nigerian Naira (NGN) Exchange Rates on 01st September 2014 (01/09/2014)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2014-09-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0037 NGN to GBP 269.7686 GBP to NGN
NGN BGN 0.0092 NGN to BGN 108.9625 BGN to NGN
NGN HRK 0.0357 NGN to HRK 28.0131 HRK to NGN
NGN CZK 0.1301 NGN to CZK 7.689 CZK to NGN
NGN DKK 0.0349 NGN to DKK 28.626 DKK to NGN
NGN HUF 1.4726 NGN to HUF 0.6791 HUF to NGN
NGN KZT 1.1218 NGN to KZT 0.8914 KZT to NGN
NGN LVL 0.0033 NGN to LVL 303.5923 LVL to NGN
NGN LTL 0.0162 NGN to LTL 61.7648 LTL to NGN
NGN MKD 0.2884 NGN to MKD 3.4671 MKD to NGN
NGN MDL 0.0857 NGN to MDL 11.6744 MDL to NGN
NGN NOK 0.0381 NGN to NOK 26.228 NOK to NGN
NGN PLN 0.0197 NGN to PLN 50.6957 PLN to NGN
NGN RON 0.0206 NGN to RON 48.4966 RON to NGN
NGN RUB 0.2303 NGN to RUB 4.3417 RUB to NGN
NGN SEK 0.0431 NGN to SEK 23.198 SEK to NGN
NGN CHF 0.0057 NGN to CHF 176.7479 CHF to NGN
NGN TRY 0.0133 NGN to TRY 75.179 TRY to NGN
NGN UAH 0.0824 NGN to UAH 12.141 UAH to NGN
Updated: 2014-09-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.0517 NGN to ARS 19.3296 ARS to NGN
NGN BOB 0.0426 NGN to BOB 23.4933 BOB to NGN
NGN BRL 0.0139 NGN to BRL 71.9967 BRL to NGN
NGN CAD 0.0067 NGN to CAD 149.5002 CAD to NGN
NGN KYD 0.0051 NGN to KYD 197.9639 KYD to NGN
NGN CLP 3.6151 NGN to CLP 0.2766 CLP to NGN
NGN COP 11.8467 NGN to COP 0.0844 COP to NGN
NGN CRC 3.3318 NGN to CRC 0.3001 CRC to NGN
NGN DOP 0.2677 NGN to DOP 3.7362 DOP to NGN
NGN SVC 0.0539 NGN to SVC 18.5584 SVC to NGN
NGN FJD 0.0113 NGN to FJD 88.5844 FJD to NGN
NGN HNL 0.13 NGN to HNL 7.691 HNL to NGN
NGN JMD 0.6938 NGN to JMD 1.4413 JMD to NGN
NGN MXN 0.0806 NGN to MXN 12.4131 MXN to NGN
NGN ANG 0.011 NGN to ANG 90.6872 ANG to NGN
NGN PYG 26.2822 NGN to PYG 0.038 PYG to NGN
NGN PEN 0.0174 NGN to PEN 57.3607 PEN to NGN
NGN TTD 0.0391 NGN to TTD 25.5832 TTD to NGN
NGN USD 0.0062 NGN to USD 162.3302 USD to NGN
NGN UYU 0.1481 NGN to UYU 6.7525 UYU to NGN
NGN VEF 0.0388 NGN to VEF 25.7974 VEF to NGN
Updated: 2014-09-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0066 NGN to AUD 151.6681 AUD to NGN
NGN BDT 0.4769 NGN to BDT 2.0968 BDT to NGN
NGN BND 0.0077 NGN to BND 129.947 BND to NGN
NGN CNY 0.0378 NGN to CNY 26.4233 CNY to NGN
NGN INR 0.3728 NGN to INR 2.6822 INR to NGN
NGN IDR 72.0645 NGN to IDR 0.0139 IDR to NGN
NGN JPY 0.6422 NGN to JPY 1.557 JPY to NGN
NGN MYR 0.0194 NGN to MYR 51.5007 MYR to NGN
NGN MVR 0.0947 NGN to MVR 10.5546 MVR to NGN
NGN NPR 0.5987 NGN to NPR 1.6703 NPR to NGN
NGN NZD 0.0073 NGN to NZD 136.1381 NZD to NGN
NGN PKR 0.6286 NGN to PKR 1.5909 PKR to NGN
NGN PGK 0.0152 NGN to PGK 65.8245 PGK to NGN
NGN PHP 0.2685 NGN to PHP 3.7249 PHP to NGN
NGN SCR 0.0794 NGN to SCR 12.601 SCR to NGN
NGN SGD 0.0077 NGN to SGD 130.0596 SGD to NGN
NGN KRW 6.2382 NGN to KRW 0.1603 KRW to NGN
NGN LKR 0.802 NGN to LKR 1.2468 LKR to NGN
NGN TWD 0.1839 NGN to TWD 5.4374 TWD to NGN
NGN THB 0.197 NGN to THB 5.076 THB to NGN
Updated: 2014-09-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.0023 NGN to BHD 430.5503 BHD to NGN
NGN EGP 0.044 NGN to EGP 22.7018 EGP to NGN
NGN HKD 0.0477 NGN to HKD 20.9455 HKD to NGN
NGN ILS 0.022 NGN to ILS 45.3887 ILS to NGN
NGN JOD 0.0044 NGN to JOD 229.28 JOD to NGN
NGN KWD 0.0018 NGN to KWD 570.1803 KWD to NGN
NGN LBP 9.3174 NGN to LBP 0.1073 LBP to NGN
NGN OMR 0.0024 NGN to OMR 421.5824 OMR to NGN
NGN QAR 0.0224 NGN to QAR 44.5797 QAR to NGN
NGN SAR 0.0231 NGN to SAR 43.2823 SAR to NGN
NGN AED 0.0226 NGN to AED 44.1944 AED to NGN
NGN YER 1.3239 NGN to YER 0.7554 YER to NGN
Updated: 2014-09-01
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.4954 NGN to DZD 2.0186 DZD to NGN
NGN KES 0.544 NGN to KES 1.8384 KES to NGN
NGN MUR 0.1919 NGN to MUR 5.2113 MUR to NGN
NGN MAD 0.0522 NGN to MAD 19.1537 MAD to NGN
NGN NAD 0.0658 NGN to NAD 15.1998 NAD to NGN
NGN NIO 0.1612 NGN to NIO 6.2017 NIO to NGN
NGN SLL 27.1058 NGN to SLL 0.0369 SLL to NGN
NGN ZAR 0.0656 NGN to ZAR 15.2335 ZAR to NGN
NGN TZS 10.2352 NGN to TZS 0.0977 TZS to NGN
NGN TND 0.0107 NGN to TND 93.6808 TND to NGN
NGN UGX 15.9733 NGN to UGX 0.0626 UGX to NGN
NGN XOF 3.0555 NGN to XOF 0.3273 XOF to NGN
NGN ZMK 32.4084 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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