Nigerian Naira Wiki
The Nigerian Naira is the official currency of Nigeria. The currency code for Nigerian Naira is NGN and the currency symbol is ₦.
The Nigerian Naira (sign: ₦; code: NGN) is the currency of Nigeria.
The Nigerian Naira (NGN) is used as the official currency in Nigeria.
The capital of Nigeria, Abuja, uses the Nigerian Naira as its currency.
About the Nigerian Naira
The naira (sign: ₦; code: NGN; Yoruba: náírà, Hausa: naira or نَيْرَ, Igbo: naịra, Tyap: nera) is the currency of Nigeria. One naira is divided into 100 kobo.The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins.A major cash crunch occurred in February 2023 when the Nigerian government used a currency note changeover—delivering too few of the new notes into circulation—to attempt to force citizens to use a newly-created government-sponsored central bank digital currency. This led to extensive street protests.
With currencyconverts.com, you can convert Nigerian Naira (₦) to any other foreign currency. To convert a certain amount of Nigerian Naira, use the currency converter. This page provides free online information about currency conversion or exchange rates for world fiat currencies. The exchange rate for Nigerian Naira is calculated from the mid-market real price and updates daily. Usually, people search for the NGN exchange rate before business travel to Nigeria or during a trip to other countries, and want to check the rate of Nigerian Naira in local money. On this page, you can convert Nigerian Naira to main foreign currencies, get fast access to the most commonly used amounts of NGN, or alternatively calculate any amount of Nigerian Naira in other fiat money.