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.

Australian Dollar

Australian Dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. The Australian dollar was legal tender of Papua New Guinea until 1 January 1976, when the Papua New Guinean kina became the sole legal tender. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. In 2016, the Australian dollar was the fifth most traded currency in the world, accounting for 6.9% of the world's daily share (down from 8.6% in 2013). It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

264 Nigerian Naira to Australian Dollar exchange rates chart

264 NGN to AUD exchange rates graph
264 NGN to AUD 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.

264 NGN to AUD exchange rates table

Exchange NGN to AUD
264 Nigerian Naira = 1.008 Australian Dollar
528 Nigerian Naira = 2.015 Australian Dollar
1320 Nigerian Naira = 5.039 Australian Dollar
2640 Nigerian Naira = 10.077 Australian Dollar
Exchange Nigerian Naira to Australian Dollar
264 Nigerian Naira to Australian Dollar 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.

264 NGN to AUD 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.

indicative positive
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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Australian dollar slides
Australian dollar slides

Aussie dollar falls against the greenback.

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$A near multi-month highs amid Fed caution - 9Finance

Flaring Sino-US trade tensions have kept the Aussie dollar off its high, but the currency is still at a mul...

conditional neutral
Aussie, kiwi near multi-month highs as Fed caution weighs on dollar

SYDNEY, Nov 19- The Australia and New Zealand dollars held near multi-month peaks on Monday as the greenback stumbled on concerns about slowing.

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264 NGN to AUD currency converter