Nigerian Naira (NGN) Exchange Rates on 29th January 2020 (29/01/2020)

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Exchange rates for Nigerian Naira (NGN)

Updated: 2020-01-29
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN GBP 0.0021 NGN to GBP 472.1613 GBP to NGN
NGN BGN 0.0049 NGN to BGN 204.1603 BGN to NGN
NGN HRK 0.0186 NGN to HRK 53.6727 HRK to NGN
NGN CZK 0.0632 NGN to CZK 15.8298 CZK to NGN
NGN DKK 0.0187 NGN to DKK 53.439 DKK to NGN
NGN HUF 0.8465 NGN to HUF 1.1813 HUF to NGN
NGN KZT 1.0499 NGN to KZT 0.9525 KZT to NGN
NGN LVL 0.0017 NGN to LVL 599.2884 LVL to NGN
NGN LTL 0.0081 NGN to LTL 122.7684 LTL to NGN
NGN MKD 0.154 NGN to MKD 6.4935 MKD to NGN
NGN MDL 0.0485 NGN to MDL 20.6363 MDL to NGN
NGN NOK 0.0251 NGN to NOK 39.7808 NOK to NGN
NGN PLN 0.0107 NGN to PLN 93.5021 PLN to NGN
NGN RON 0.012 NGN to RON 83.5801 RON to NGN
NGN RUB 0.1718 NGN to RUB 5.8207 RUB to NGN
NGN SEK 0.0265 NGN to SEK 37.7415 SEK to NGN
NGN CHF 0.0027 NGN to CHF 372.3258 CHF to NGN
NGN TRY 0.0164 NGN to TRY 60.9803 TRY to NGN
NGN UAH 0.0682 NGN to UAH 14.6571 UAH to NGN
Updated: 2020-01-29
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN ARS 0.1658 NGN to ARS 6.0317 ARS to NGN
NGN BOB 0.0191 NGN to BOB 52.4501 BOB to NGN
NGN BRL 0.0116 NGN to BRL 86.4159 BRL to NGN
NGN CAD 0.0036 NGN to CAD 275.4457 CAD to NGN
NGN KYD 0.0023 NGN to KYD 435.2069 KYD to NGN
NGN CLP 2.1724 NGN to CLP 0.4603 CLP to NGN
NGN COP 9.342 NGN to COP 0.107 COP to NGN
NGN CRC 1.5592 NGN to CRC 0.6414 CRC to NGN
NGN DOP 0.1467 NGN to DOP 6.8188 DOP to NGN
NGN SVC 0.0241 NGN to SVC 41.4474 SVC to NGN
NGN FJD 0.006 NGN to FJD 166.0194 FJD to NGN
NGN HNL 0.0679 NGN to HNL 14.7269 HNL to NGN
NGN JMD 0.3844 NGN to JMD 2.6014 JMD to NGN
NGN MXN 0.0516 NGN to MXN 19.3756 MXN to NGN
NGN ANG 0.0045 NGN to ANG 220.4758 ANG to NGN
NGN PYG 17.9784 NGN to PYG 0.0556 PYG to NGN
NGN PEN 0.0092 NGN to PEN 108.8502 PEN to NGN
NGN TTD 0.0186 NGN to TTD 53.6395 TTD to NGN
NGN USD 0.0028 NGN to USD 362.5033 USD to NGN
NGN UYU 0.1026 NGN to UYU 9.7459 UYU to NGN
NGN VEF 0.0276 NGN to VEF 36.2957 VEF to NGN
Updated: 2020-01-29
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN AUD 0.0041 NGN to AUD 245.3443 AUD to NGN
NGN BDT 0.2338 NGN to BDT 4.278 BDT to NGN
NGN BND 0.0037 NGN to BND 266.9256 BND to NGN
NGN CNY 0.0191 NGN to CNY 52.2581 CNY to NGN
NGN INR 0.1964 NGN to INR 5.0905 INR to NGN
NGN IDR 37.5906 NGN to IDR 0.0266 IDR to NGN
NGN JPY 0.3009 NGN to JPY 3.323 JPY to NGN
NGN MYR 0.0113 NGN to MYR 88.8379 MYR to NGN
NGN MVR 0.0426 NGN to MVR 23.4628 MVR to NGN
NGN NPR 0.3146 NGN to NPR 3.1787 NPR to NGN
NGN NZD 0.0042 NGN to NZD 236.8602 NZD to NGN
NGN PKR 0.4263 NGN to PKR 2.3456 PKR to NGN
NGN PGK 0.0094 NGN to PGK 106.3595 PGK to NGN
NGN PHP 0.1402 NGN to PHP 7.1313 PHP to NGN
NGN SCR 0.0378 NGN to SCR 26.4598 SCR to NGN
NGN SGD 0.0037 NGN to SGD 266.9412 SGD to NGN
NGN KRW 3.2479 NGN to KRW 0.3079 KRW to NGN
NGN LKR 0.5004 NGN to LKR 1.9983 LKR to NGN
NGN TWD 0.083 NGN to TWD 12.0489 TWD to NGN
NGN THB 0.0853 NGN to THB 11.7175 THB to NGN
Updated: 2020-01-29
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN BHD 0.001 NGN to BHD 961.5115 BHD to NGN
NGN EGP 0.0436 NGN to EGP 22.9445 EGP to NGN
NGN HKD 0.0214 NGN to HKD 46.6277 HKD to NGN
NGN ILS 0.0095 NGN to ILS 104.9501 ILS to NGN
NGN JOD 0.002 NGN to JOD 511.146 JOD to NGN
NGN KWD 0.0008 NGN to KWD 1192.8774 KWD to NGN
NGN LBP 4.1688 NGN to LBP 0.2399 LBP to NGN
NGN OMR 0.0011 NGN to OMR 941.5629 OMR to NGN
NGN QAR 0.01 NGN to QAR 99.5612 QAR to NGN
NGN SAR 0.0104 NGN to SAR 96.6143 SAR to NGN
NGN AED 0.0101 NGN to AED 98.6934 AED to NGN
NGN YER 0.6905 NGN to YER 1.4483 YER to NGN
Updated: 2020-01-29
Convert from Convert to 1 NGN Conversion in currency Conversion
NGN DZD 0.3314 NGN to DZD 3.0173 DZD to NGN
NGN KES 0.2782 NGN to KES 3.5944 KES to NGN
NGN MUR 0.1016 NGN to MUR 9.8378 MUR to NGN
NGN MAD 0.0266 NGN to MAD 37.5632 MAD to NGN
NGN NAD 0.0401 NGN to NAD 24.9491 NAD to NGN
NGN NIO 0.093 NGN to NIO 10.7511 NIO to NGN
NGN SLL 26.7584 NGN to SLL 0.0374 SLL to NGN
NGN ZAR 0.0401 NGN to ZAR 24.9572 ZAR to NGN
NGN TZS 6.3599 NGN to TZS 0.1572 TZS to NGN
NGN TND 0.0078 NGN to TND 128.0366 TND to NGN
NGN UGX 10.1407 NGN to UGX 0.0986 UGX to NGN
NGN XOF 1.6426 NGN to XOF 0.6088 XOF to NGN
NGN ZMK 24.8307 NGN to ZMK 0.0403 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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