Nigerian Naira

Nigerian Naira

The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

25 Nigerian Naira to South African Rand exchange rates chart

25 NGN to ZAR exchange rates graph
25 NGN to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

25 NGN to ZAR exchange rates table

Exchange NGN to ZAR
25 Nigerian Naira = 0.994 South African Rand
50 Nigerian Naira = 1.987 South African Rand
125 Nigerian Naira = 4.968 South African Rand
250 Nigerian Naira = 9.937 South African Rand
Exchange Nigerian Naira to South African Rand
25 Nigerian Naira to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

25 NGN to ZAR exchange rates news

Nigeria's economy on track, says Tony Elumelu
Nigeria's economy on track, says Tony Elumelu

Tony Elumelu has expressed his conviction that Nigeria's economic managers have finally gotten a grip of the country's economy.

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Top Gainers and Losers on the NSE week to date November 16 2018
Top Gainers and Losers on the NSE week to date November 16 2018

Unity Bank was the best peforming stock on the Nigerian Stock Exchange this week, appreciating by 30.99%. Diamond Bank led the losers with a 29.69% decline.

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Nigeria - Real Estate Asset Pricing

Creating value within the real estate industry in Nigeria

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How Akin Akinfemiwa climbed the corporate ladder to become Forte Oil’s CEO
How Akin Akinfemiwa climbed the corporate ladder to become Forte Oil’s CEO

In today’s Nigerian business community, some CEOs are quite prominent; including Mr. Akin Akinfemiwa, the man who is currently Group CEO of Forte Oil Plc.

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Money, money everywhere and yet more debt!!
Money, money everywhere and yet more debt!!

THE IMF Country Chief, Amine Mati, who spoke at the presentation of the Regional Outlook for Sub-Saharan Africa, in Abuja, last Thursday (November 8, 2018), was clearly concerned that, despite Nigeria’s very modest projected growth rate of about 1.9 per cent for 2018, and debt to GDP ratio between 20-25 per cent, unfortunately, however, Nigeria already also allocates more than 50 per cent of its revenue to debt service annually.

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Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Benefits as UK Industrial Orders Recover
Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Benefits as UK Industrial Orders Recover

An unexpectedly strong improvement in the CBI industrial orders index helped to shore up Pound Sterling (GBP), in spite of lingering political worries.

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South Africa: West Rand Municipality Vehicles Locked Inside Yard As Employees Refuse to Work

Those who find themselves in emergency situations on the West Rand could be in more trouble than they think because protesting municipality workers are preventing critical services from being carried out.

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South African Rand Exchange Rate: Weak ZAR Outlook For Q4 2018 & Q1 2019 As S.A Growth Falters

Despite weakening against a basket of other currencies in the first half of 2018, the South African Rand has steadily rebounded in the foreign exchange markets since the start of September.

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Johannesburg Weather: Severe thunderstorms observed over the West Rand
Johannesburg Weather: Severe thunderstorms observed over the West Rand

Lightning and thunderstorms are observed over large parts of Roodepoort.Â

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Dollar to rand: Six major factors that determine the exchange rate
Dollar to rand: Six major factors that determine the exchange rate

With the dollar to rand exchange rate on a never-ending rollercoaster, we've decided to see what exactly makes our markets tick.

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25 NGN to ZAR currency converter