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.

Saudi Arabian Riyal

Saudi Arabian Riyal

The Saudi riyal (Arabic: ريال‎ riyāl); is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic: هللة‎ Halalah).

96 Nigerian Naira to Saudi Arabian Riyal exchange rates chart

96 NGN to SAR exchange rates graph
96 NGN to SAR 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.

96 NGN to SAR exchange rates table

Exchange NGN to SAR
96 Nigerian Naira = 0.988 Saudi Arabian Riyal
192 Nigerian Naira = 1.976 Saudi Arabian Riyal
480 Nigerian Naira = 4.940 Saudi Arabian Riyal
960 Nigerian Naira = 9.880 Saudi Arabian Riyal
Exchange Nigerian Naira to Saudi Arabian Riyal
96 Nigerian Naira to Saudi Arabian Riyal 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.

96 NGN to SAR 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.

10 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.

20 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

25 days 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
Iranian rial hits record low of 170,000 to the dollar

LONDON: The Iranian rial hit a record low against the US dollar on the unofficial market on Wednesday, the local Tasnim news agency reported, amid a deterioration in the economic situation in Iran and the reimposition of sanctions by Washington. The dollar was being offered for as much as 170,000 rials, according to Tasnim. The rial has lost approximately 75 percent of its

6 days conditional neutral
Top bank boosts Egypt, Gulf falls in thin trade

Egypt’s blue-chip stock index rose sharply on Wednesday, boosted by its biggest bank, while all major Gulf markets were weak, with some investors away on year-end holidays.

15 days conditional neutral
Super Eagles forward wins Player of the Week in Saudi Arabia

Ahmed Musa has been rewarded for his outstanding performances for Al Nassr in the month of September.

20 days indicative positive

96 NGN to SAR currency converter