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 = 0.947 South African Rand
50 Nigerian Naira = 1.893 South African Rand
125 Nigerian Naira = 4.733 South African Rand
250 Nigerian Naira = 9.466 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

Ghana unveils plans to increase its cocoa processing capacity

Ghana produced 880,000 tonnes of Cocoa in 2018 but currently has the capacity to process about only 300, 000 tonnes. It has plans to increase that number.

15 days indicative neutral
2019 Elections: Tinubu urges Nigerians to re-elect President Buhari

Asiwaju Bola Tinubu, National Leader, All Progressives Congress (APC), has urged Nigerians to re-elect President Muhammadu Buhari for a second term in 2019 to foster continuity, hope and development.

25 days conditional positive
The Implications Of The Acceptance Of The Naira As A Trade Currency By The United Kingdom - International Law - Nigeria

Recently, UK Export Finance; the United Kingdom's export credit agency, added the Naira to its list of pre-approved currencies. Nigeria International Law Perchstone & Graeys 15 Feb 2018

about 1 month conditional positive
Naira sells at N358.5 to dollar at parallel market
Naira sells at N358.5 to dollar at parallel market

The Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollar.

about 2 months conditional negative
Police in Edo arrest eight suspects over alleged illicit sale of Naira
Police in Edo arrest eight suspects over alleged illicit sale of Naira

The Police Command in Edo has arrested seven suspects in connection with illicit sale of Nigerian currency.

2 months indicative neutral
Yes, you can afford to go overseas! 5 rand-friendly holiday spots

These amazing destinations in Europe, Asia and South America offer big payoffs at reasonable prices

about 7 hours indicative negative
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 2 months conditional positive

25 NGN to ZAR currency converter