Nigerian Naira

Nigerian Naira

Nigerian Naira overview

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.

1 NGN to USD exchange rates chart

NGN to  exchange rates chart

Nigerian Naira news

Bribes, beatings and gridlock at ports choke Nigeria's economy | IOL Business Report

Nigeria loses $19 billion annually, or about 5 percent of gross domestic product, from the delays, traffic, illegal charges and insecurity.

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Naira appreciates against dollar at parallel market
Naira appreciates against dollar at parallel market

The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday.

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An Ode To Nigerian Home Video Entertainment

Before the evolution of Nollywood around the mid-‘00s, the film industry operated on the blissfully simple method of the home video system. It was the only route for filmmakers to showcase their works, VHS tapes spooled in black casings. Or perhaps you remember them as cassettes and all you needed to have was a television […]

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UPDATE 2-Nigerian central bank to meet MTN lenders over $8 bln fund...

Nigeria's central bank plans to meet four lenders of telecoms company MTN to discuss a dispute over a $8.1 billion fund transfer, after a court adjourned the case, a banking source said.

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Local Content Craze Fuels Box Office Boom in Nigeria
Local Content Craze Fuels Box Office Boom in Nigeria

With more theaters being built and local movies increasingly popular the box-office in Nigeria is booming.

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Police arrest seven over alleged illicit currency trade in Edo
Police arrest seven over alleged illicit currency trade in Edo

Alexander Okere, Benin Seven persons have been arrested by the Edo State Police Command for allegedly engaging in the illegal sale of the Nigeria...

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NGN currency converter