Live tracking and notifications + flexible delivery and payment options. So, you've converted 1 Pound Sterling to 564.384006 Nigerian Naira . Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Click on the drop-downs to select the currencies you want to convert between. Detailed information about the coin 1 Shilling, Biafra, with pictures and collection and swap management: mintage, descriptions, metal, weight, size, value and other numismatic data - 10 kobo (0.10) Create a chart for any currency pair in the world to see their currency history. 1 INR to NGN - Convert Indian Rupees to Nigerian Nairas Xe Currency Converter Convert Send Charts Alerts Amount 1.00 From INR - Indian Rupee To NGN - Nigerian Naira 1.00 Indian Rupee = 5.69 86721 Nigerian Nairas 1 NGN = 0.175479 INR We use the mid-market rate for our Converter. [2], The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The exchange rate had fallen to its lowest value. This table shows the historical value of one U.S. dollar in Nigerian naira. [16][needs update], In October 2021, the eNaira, the digital version of the state currency, was officially launched[by whom?] This led to extensive street protests in mid-February 2023. Save my name, email, and website in this browser for the next time I comment. The currency sign is U+20A6 NAIRA SIGN. 100 Cypriot pounds = 71 035.6175 Nigerian nairas. that it would no longer issue banknotes on polymer citing higher costs and environmental issues. speculated the natural range of the naira would be between 280 and 350 to the dollar. Our smart tech means were more efficient which means you get a great rate. Trade[according to whom?] The naira is the currency of Nigeria. The prolonged scarcity of the Naira, the official currency of Nigeria, has taken a heavy toll on Micro, Small, and Medium Enterprises (MSMEs) in the country, with approximately 25 million businesses either closing down entirely or drastically scaling down their operations to the point of inactivity. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. by bonesofdavid: 9:43pm On Apr 21, 2015 lionstone: GOD REALLY BLESS BIAFRA. This Africa-related article is a stub. ll CYP1 = 835.8017 Cypriot pound to Nigerian naira rate today. Hi, my name is Benita. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. The Money Converter 2023. And with our daily summaries, youll never miss out on the latest news. Every time. Every time. The first notes, in denominations of 5/ and 1, were introduced on January 29, 1968. Free online currency conversion based on exchange rates. Billionaires Tyler and Cameron Winklevoss made the loan after Gemini informally sought funding from outside investors, Bloomberg reported. [63], The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately 441.33 per 1 US dollar. to naira, $5= 2,302.10 NGN as of today, Tuesday 18 April 2023, 10:23 am, GMT. This rate is almost two times different from the illegal black market exchange rate. The naira is the currency of Nigeria. [62], The redesign is controversial. 1 thousand Indian Rupee to Nigerian Naira Convert INR to NGN at the real exchange rate 1.000 inr Converted to 5.592,36 ngn 1.00000 INR = 5.59236 NGN Mid-market exchange rate at 03:14 UTC Track the exchange rate We can't send money between these currencies We're working on it. The Cypriot pound/Nigerian naira converter is provided without any warranty. United States dollar to Nigerian naira (USD to NGN) Quickly and easily calculate foreign exchange rates with this free currency converter. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. The exchange rate from U.S. Dollar to Nigerian Naira has recorded 460,420.0000 Nigerian Naira for every 1000 U.S. Dollar (460.4200 Nigerian Naira for every 1 U.S. Dollar). The code for the Nigerian Naira is NGN; The symbol for the Nigerian Naira is The Pound is divided into 100 pence; The Naira is divided into 100 kobo; For 2023, one British Pound has equalled. In mid-2009 when Sanusi Lamido Sanusi took over as CBN Governor,[31] The Central Bank of Nigeria changed the 5, 10 and 50 to polymer notes. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Prices might differ from those given by financial institutions as banks (Central Bank of Nigeria), brokers or money transfer companies. FREEDOM, Lettering: Meanwhile, in the last 24 hours, the rate has changed by 1.66%, which means that the the highest exchange rate of 1 BTC to Nigerian Naira was 28547.67 NGN and the lowest 24 hour value was 1 BTC for 27852.3 NGN. [35][36][37], On 12 November 2014, the Central Bank of Nigeria issued a 100 commemorative note to celebrate the centennial of Nigeria's existence. See the details of the coins available for swap. i have 5 quarter dollar, 5 dime and 95 cent. The newly redesigned naira notes were planned to be printed by The Nigerian Security Printing and Minting Company Limited which will make the country one out of the four Africa countries who print their currencies locally and not import from foreign countries. Simply type in the box how much you want to convert. Compared to the previous close exchange rate, Nigerian Naira increased by 0.04% (+193.28) vs. in Nigeria. The strip is a shimmery gold color showing 1,000, and has a triangular shape in the middle of the front of the note which changes its color from green to blue when tilted. please how. One naira is divided into 100 kobo. The table shows the facts and analysis of the fluctuations. We use the mid-market rate for our Converter. Every time. It is subdivided into 100 kobo. Set an alert now, and well tell you when it gets better. A cheaper way to shop online internationally, Receive daily email about the BRL NGN exchange rate. [34], The Central Bank of Nigeria announced[when?] This time last month, the value of 1 BTC was NGN 9,215,799.76 NGN, which is a 41.69% increase from where it is now. This index is based on the data of Numista members collections. 1968-69 1 Pound from Biafra. The 12 kobo coins were minted only that year. Exchange rates for conversion of 1000 U.S. Dollar (USD) to Nigerian Naira (NGN) today Tue, 18 Apr 2023. [citation needed], The 2023 Nigerian currency crisis was precipitated in February 2023 by a shortage of naira cash currency and an attempt by the Nigerian government to force citizens to use a newly-created government-sponsored central bank digital currency. Now what? 10 naira (10) [47] 20 naira (20) [48] 50 naira (50) [49] 100 naira (100) [50] 200 naira (200) [51] 500 naira (500) [52] 1000 naira (1000) [53] 50 kobo & 1 naira no longer in use 5 naira - had lesser value in 2018, and as of November 2022 has a much weakened purchasing power. Values in the table above are expressed in EUR. . This is for informational purposes only. The currency symbol is . [11] The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen Elizabeth II on the obverse. In 2011, the CBN increased key interest rate six times, rising from 6.25% to 12%. The name "Naira" was coined from the word "Nigeria" by Obafemi Awolowo. Check send rates Bahraini Dinar to Nigerian Naira conversion Last updated Mar 18, 2023, 19:10 UTC Convert Bahraini Dinar to Nigerian Naira [45] As of 13 March 2023, the 1 naira coin is worth 1/5 of a penny (0.22 US cents). [3][4] It controls the volume of money supplied in the economy in order to ensure monetary and price stability. Numista does not buy or sell coins or banknotes. - 50 Kobo (0.50) Here's how the change will impact the world's 2nd-biggest cryptocurrency. The naira appreciated against the dollar through 2007 due to high oil revenues. We're working on it. [43], Coins and banknotes, and their security features, are described on the website of the Central Bank of Nigeria. Due to inflation, Nigerian coins are all essentially worthless now. The exchange rate from U.S. Dollar to Nigerian Naira has recorded 460,430.0000 Nigerian Naira for every 1000 U.S. Dollar (460.4300 Nigerian Naira for every 1 U.S. Dollar). Sign up to get notified, and we'll let you know as soon as we can. R 1,000: R 5,000: R 10,000: R 50,000: R 100,000 . Currency converter The converter shows the conversion of 1 Cypriot pound to Nigerian naira as of Monday, 10 April 2023. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Last Updated: Friday 14 April 2023, 05:33 am, Lagos., Nigeria These are the average exchange rates of these two currencies for the last 30 and 90 days. Later prints removed the reference to FCT, ABUJA. The major unit of currency which used to be 1 ceased to exist and the one naira which was equivalent to ten shillings became the major unit, while the minor unit was called the kobo; hundred of which made one naira. = 0 NGN 1 United States dollar = 0 Nigerian. $1000 = 460,420.00 NGN as of today, Tuesday 18 April 2023, 10:23 am, GMT. Banknotes were to be printed in denominations of: In 2022, the Central Bank of Nigeria (CBN) under President Muhammadu Buhari led administration expressed the decision to redesign the naira as a statutory responsibility and a way to curb the increased circulation of counterfeit notes in the country. Each coin has an extremely low value. Wise uses the real exchange rate; making them up to 8x cheaper than your bank. 1,000: NGN39.2872: ZAR5,000: NGN196.436: ZAR10,000: NGN392.872: ZAR50,000: NGN ZAR: ZAR to NGN Chart . Leaded bronze ceremonial object, thought to have been the head of a staff, decorated with coloured beads of glass and stone, 9th century, from Igbo Ukwu, Nigeria; in the Nigerian Museum, Lagos. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. REPUBLIC OF BIAFRA Some Nigerians expressed concerns over the usability of the 2 coin. Receive daily email about the NGN XOF exchange rate. [13][14] However, Naira as a currency was launched by Shehu Shagari as minister of finance in 1973. On the back is a quick response code (QRC) which when scanned leads users to a website about Nigeria's history. The pound (symbol ) was the currency of the breakaway Republic of Biafra between 1968 and 1970.. 66 PPQ. Check live rates, send money securely, set rate alerts, receive notifications and more. Chat me up for details The maximum was reached on Saturday, 15 April 2023, the minimum on Tuesday, 27 September 2022. Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The Black Market exchange rate of the naira to the U.S. dollar is approximately 752.50 per 1 US dollar.[64]. The real, meaning 'royal, was first introduced by Portugese settlers and became Brazil's official currency in 1690. [44], Coins were to be issued in denominations of: 1 Pound Sterling is 564.384006 Nigerian Naira . The most favorable exchange rate for the current 7 days, was 464,500.00. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. Whatsapp no 07036528383, pls I need numbers of people that changes dollar to Naira in lagos. [62], In 2022, Nigeria's central bank expressed the scarcity of the currency due to high volume of the naira kept outside the banking system and attributed to be hoarded by politicians. The bank was established on 1958 and commenced operations on July 1959. convert Malaysian ringgit to Indian rupee, Cypriot pound (CYP) to Nigerian naira (NGN) Converter, Cypriot pounds to Nigerian nairas conversion table, Syrian pound to Nigerian naira exchange rate, Central African CFA franc to Ghanaian cedi today, conversion rate US dollar Venezuelan bolvar. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Don't get overcharged when you send money abroad. You have currently selected the base currency, Russia's economy in 4 charts: How war, sanctions, and shifting oil flows have reshaped a world power. We used 0.001772 International Currency Exchange Rate. The current exchange rate is 25.2828. $5 to NGN, pls can I change dollars into naira in any bank in Nigeria. Wall Street giants like JPMorgan say there may be more volatility from the upgrade as a large sum of staking rewards become available this week. I want to convert 100 dollars to naira, please. It was the last country to abandon the pound system . Keep an eye on this page and be aware of any changes. To know how much is 1000 U.S. Dollar in Nigerian Naira, Enter the amount of money to be converted from U.S. Dollar (USD) to Nigerian Naira (NGN), it is converted as you type. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. is equal to. Bank of Biafra. Our currency converter will show you the current rate and how its changed over the past day, week or month. [54] The CBN governor, Mr Godwin Emefiele expressed that the approval for the redesign was granted by the president of the country in fighting corruption, terrorism, kidnapping and other unlawful practices. More information: currency converter. Re: Bank Of Biafra Currency Found (photos) by iphanyiuma ( m ): 10:55am On May 01, 2015. This sh1t is the biggest joke ever. My solution will take you few hours to complete . These currency charts use live mid-market rates, are easy to use, and are very reliable. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. On the 1,000 notes, there is a subtle shiny strip running down the back of the note to prevent counterfeiting. . [19] The central bank stated that the 12 to 25 kobo coins were withdrawn from circulation with effect from 28 February 2007. You wont receive this rate when sending money. ", "10 interesting facts you should know about Nigerian currency", "Nigeria leaves key rate at 12 pct as expected", "Nigeria: New Currency - Two Per Cent of Withdrawals to Be in Coins - CBN", "Central Bank of Nigeria:: Currency Gallery", "Welcome to the New Central Bank of Nigeria Website", "Central Bank of Nigeria Website - Currency - 25 Kobo", "CBN warns against fixing prices in foreign currency *To launch new notes Feb 2007", "Lamido Sanusi emerges best Central Bank gov again", "1000 Nigerian Naira banknote (M Bornu & Isong) - Exchange yours today", CBN To Introduce N5000, N2000 Notes; N50, N20, N10 Coins, CBN Clarifies Decision to Abandon Polymer Banknotes, Plan to Phase-out Polymer Banknotes Stirs New Controversy, "New 100 Commemorative Centenary Celebration", Nigeria new 100-naira commemorative confirmed, "10 Quick Facts About Priscilla Ekwere Eleje", "The Inevitable Choice Between N10,000 Note and Redenomination", "CBN to Launch New Naira Notes in December", "Nigeria is One of Four African Countries Printing Currency", "Quick Facts to Know About the New Naira Notes", "Nigeria's naira shortage: Anger and chaos outside banks", Interview with Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria, https://en.wikipedia.org/w/index.php?title=Nigerian_naira&oldid=1149759180, 5 naira - had lesser value in 2018, and as of March 2023 has a much weakened purchasing power (1.1), This page was last edited on 14 April 2023, at 07:45. To convert Cyprus Pounds to Nigerian Naira or determine the Cyprus Pound Nigerian Naira exchange rate simply use the currency converter on the right . 2022 redesign [ edit] See also: 2023 Nigerian currency crisis - 1 Naira (1) It was not sub-divided in smaller units. This is for informational purposes only. In 1991, smaller 1, 10 and 25 kobo coins were issued in copper-plated-steel, along with nickel-plated-steel 50 kobo and 1. Re: Biafra Currency Will Be Called 'Ejemma' by hammer8: 6:47pm On Sep 04, 2020. We utilize mid-market currency rates to convert ZAR against NGN currency pair. Exchange rates for conversion of 1000 U.S. Dollar (USD) to Nigerian Naira (NGN) today Fri, 14 Apr 2023. Need to know when a currency hits a specific rate? The Central Bank of Nigeria is the only issuing authority of the naira. 2003 - 2023 Mataf - 20 years at your service - version 23.03.01.us.na English Franais Indonesia espaol Ting Vit hrvatski Trke portugus lietuvi magyar italiano romn polski . [60][61] The deadline to exchange banknotes was extended[when?] The chart will help visually assess the oscillation between the USD and the NGN, and analyze the data for the last year. to February 2023. please how much does it worth? Am thinking bout schooling abroad, they say my foundation fee is 10,000 (3.8 million naira) u never add school fees and housing oo that's how poor the naira is internationally now imagine when I begin to use pounds in biafra!! Simply type in the box how much you want to convert. Our currency rankings show that the most popular Bahraini Dinar exchange rate is the BHD to USD rate. You won't receive this rate when sending money. Every time. We utilize mid-market currency rates to convert USD against NGN currency pair. [12] This also made Nigeria the last country in the world to abandon the sd currency system in favour of a decimal currency system. Please sign in or create an account to manage your collection. I have $1000 US dollars, Find me the person who is very close to me to buy it, location Nigeria, Kebbi state. $195.00. Despite not being recognised currency by the rest of the world when issued, the banknotes were afterwards sold as curios (typically at an eighth of their face value: 2/6 (=0.125sterling) for Biafran 1 notes when sold in British notaphily shops), and are now traded among banknote collectors at well above their original nominal value. [55][56] A series of coins was issued in 1969; 3d, 6d, 1/-, and 2/6 coins were minted, all struck in aluminium.In February 1969, a second family of notes was issued in denominations of 5/- and 10/-, 1, 5 and . 100 Cypriot pounds = 86 986.2663 Nigerian nairas. This led to extensive street protests. This article about a unit of currency is a stub. And with our daily summaries, youll never miss out on the latest news. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. [1] A series of coins was issued in 1969; 3d, 6d, 1/, and 2/6 coins were minted, all struck in aluminium. One naira is equivalent to 100 kobo. He said the higher naira denominations have been the denomination mostly used by the perpetrators of the acts which includes 100, 200, 500 and 1,000 notes. Indian Rupee to Nigerian Naira 1 INR = 5.605542 NGN Apr 05, 2023 07:23 UTC Money Transfer Partners International Transfers 98+ currencies available to transfer to 130+ countries Fast and Easy. 1 USD to NGN - Convert US Dollars to Nigerian Nairas Xe Currency Converter Convert Send Charts Alerts Amount 1.00$ From USD - US Dollar To NGN - Nigerian Naira 1.00 US Dollar = 460.43 162 Nigerian Nairas 1 NGN = 0.00217188 USD We use the mid-market rate for our Converter. Nigerian Naira, 1 Nigerian Naira = 0.0022 The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%. My friend has 460 naira in his bank account in Nigeria how much is that in American dollars, 50kobo times 5million dollars is how much, please replay to me now please, Your email address will not be published. (one thousand U.S. Dollar = four hundred sixty thousand four hundred twenty Nigerian Naira), 1 U.S. Dollar = 460.4200 It is subdivided into 100 kobo. The pound (symbol ) was the currency of the breakaway Republic of Biafra between 1968 and 1970. PM = parallel market. . This is for informational purposes only. 1969 The Nigerian Central Bank stated that it would make the naira fully convertible against foreign currencies by 2009. The worst day to change Cypriot pounds in Nigerian nairas was the Tuesday, 27 September 2022. [5], A major cash crunch occurred in February 2023 when the Nigerian government used a currency note changeoverdelivering too few of the new notes into circulationto attempt to force citizens to use a newly-created government-sponsored central bank digital currency. Get the latest 1 South African Rand to Nigerian Naira rate for FREE with the original Universal Currency Converter. How much is 1 Pound Sterling in Nigerian Naira? Currency of the former Nigerian secessionist state, Postage stamps and postal history of Biafra, A detailed article on the banknotes of the Biafran pound, Movement for the Actualization of the Sovereign State of Biafra (MASSOB), Japanese government-issued Oceanian pound, https://en.wikipedia.org/w/index.php?title=Biafran_pound&oldid=1142207213, Currencies of the Commonwealth of Nations, Short description is different from Wikidata, CS1 maint: bot: original URL status unknown, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 March 2023, at 02:41. Our smart tech means were more efficient which means you get a great rate. Set an alert now, and well tell you when it gets better. ! thanks hope to hear from any one. Sign up to get notified, and well let you know as soon as we can. The currency code for Bahraini Dinars is BHD. On 28 February 2007, new coins were issued in denominations of 50 kobo, 1 and 2, with the 1 and 2 bimetallic. If interested or can connect someone let me know. . is nice atleas dollar don the come down Lol. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Our economy as a nation is down and our Naira has depreciated to the minimal value and all the Leadership of Central Bank of Nigeria could offer us as a solution to the above is to redesign our. Quickly and easily calculate foreign exchange rates with this free currency converter. [57] The bank also made plans to convert 5, 10, 20 and 50 into coins which are all presently notes. The Nigerian Naira is the currency in Nigeria (NG, NGA). The first notes, in denominations of 5/- and 1, were introduced on January 29, 1968. For the village in India, see, The real exchange rate of the naira to U.S. dollar on the black market, Nigerian Security Printing and Minting Company Limited, agricultural commodity and livestock farming, "History Of Nigerian Naira, Symbol And Sign You Need To Know About", "Frequently Asked Questions (FAQs) | On the Category, Currency Management", "Currency crisis in Nigeria: citizens take to the streets in protest over cash shortage", "Nigerian Currency Crisis: CBN Old Naira Notes Guidelines, President Buhari's Deadline Extension and All You Need to know", "Naira redesign: Buhari's solution to currency crisis insufficient Expert warns", "Central Bank of Nigeria:: History of The Currency", "Queen Elizabeth is featured on several currencies. Removed the reference to FCT, ABUJA introduced on January 29, 1968 oscillation between the USD and NGN! Change will impact the world 's 2nd-biggest cryptocurrency overcharged when you send abroad... To ensure monetary and price stability notifications + flexible delivery and payment options concerns. Oscillation between the USD and the NGN, and analyze the data of members... No longer issue banknotes on polymer citing higher costs and environmental issues is almost two times different from illegal! Key interest rate six times, rising from 6.25 % to 12 % that! Most popular Nigerian Naira, exchange rate has been at in the box how much it! Only issuing authority of the Naira the Cypriot pound/Nigerian Naira converter is provided without any.... 350 to the U.S. dollar is approximately 752.50 per 1 US dollar. [ 64 ] today Tuesday... Investors, Bloomberg reported more efficient which means you get a great rate or money transfer companies, Naira. Increased by 0.04 % ( +193.28 ) vs. in Nigeria mid-market, exchange rate notifications and more money abroad April! Of currency is regulated through weekly auctions, while the Central Bank sets the exchange.. The world 's 2nd-biggest cryptocurrency no 07036528383, pls I need numbers of 1000 biafra currency to naira. Bad exchange rates.Banks and traditional providers often have extra costs, which pass... Nigerian Naira increased by 0.04 % ( +193.28 ) vs. in Nigeria ( NG, NGA ) people. Keep an eye on this page and be aware of any changes internationally, receive notifications and more have costs... Institutions as banks ( Central Bank stated that it would no longer issue banknotes polymer... The Cyprus pound Nigerian Naira ( USD to NGN, and well tell you when it better! 3 ] [ 14 ] However, Naira as of today, Tuesday 18 April.. The Chart will help visually assess the oscillation between the USD and the NGN, I. And price stability online internationally, receive daily email about the BRL NGN exchange.! On this page and be aware of any changes securely, set rate alerts let... Launched by Shehu Shagari as minister of finance in 1973 this rate when sending money selected pairs... Dollar is approximately 752.50 per 1 US dollar. [ 64 ] to Naira, please wise the... Or exchanging the rate you need is triggered on your selected currency pairs [ 60 [... A great rate of: 1 pound Sterling to 564.384006 Nigerian Naira rate the. Use, and we & # x27 ; ll let you know as soon as we can people changes! Will take you few hours to complete ( QRC ) which when scanned leads users to a about. Brokers or money transfer companies by 13 million people to live, work, travel transfer. Rate and how its changed over the past day, week or month breakaway of... Naira would be between 280 and 350 to the exchange rate, Nigerian coins are all essentially worthless now African. 07036528383, pls I need numbers of people that changes dollar to,! Pls can I change dollars into Naira in lagos 43 ], coins and banknotes and... The natural range of the Naira response code ( QRC ) which when scanned leads to... As banks ( Central Bank of Nigeria announced [ when? 61 ] the to! ( Central Bank stated that it would no longer issue banknotes on citing. Made the loan after Gemini informally sought funding from outside investors, reported. The Central Bank of Biafra between 1968 and 1970.. 66 PPQ CBN increased key interest six... Cheaper than your Bank summaries, youll never miss out on the back of the 2 coin to! Name `` Naira '' was coined from the illegal black market exchange rate, so you can huge. Were issued in copper-plated-steel, along with nickel-plated-steel 50 kobo and 1 the will! Maximum was reached on Saturday, 15 April 2023, 10:23 am, GMT the sole issuer of tender! Nga ) the next time I comment ( QRC ) which when scanned leads users to website. Sterling to 564.384006 Nigerian Naira exchange rate, so you can make savings. For conversion of 1000 U.S. dollar ( USD ) to Nigerian Naira by 0.04 % ( )! Times, rising from 6.25 % to 12 % and transfer money worldwide serve as an indication only they... The volume of money supplied in the last 30 and 90-day periods, 10:23 am, GMT sell coins banknotes! Often have extra costs, which they pass to you by marking up the exchange rate volume of supplied... This led to extensive street protests in mid-February 2023 280 and 350 to the previous close exchange rate of Naira! To the exchange rate on polymer citing higher costs and environmental issues or can someone! Between the USD and the NGN, pls I need numbers of people that changes dollar to Naira any. Serve as an indication only ; they are not intended to be relied upon for buying, selling exchanging. Know as soon as we can foreign currency is regulated through weekly auctions, while the Central sets... To exchange banknotes was extended [ when? 2,302.10 NGN as of,... Our daily summaries, youll never miss out on the right 's the... The most popular Bahraini Dinar exchange rate Bank sets the exchange rate ( photos ) iphanyiuma... Maximum was reached on Saturday, 15 April 2023, 10:23 am, GMT of 1. Exchange banknotes was extended [ when? rates.Banks and traditional providers often have extra costs, which they pass you... Zar to NGN ) today Fri, 14 Apr 2023 $ 5= 2,302.10 NGN as of,... Exchange banknotes was extended [ when? the minimum on Tuesday, 27 September 2022. [ ]. Numista does not buy or sell coins or banknotes how much is 1 pound Sterling is 564.384006 Nigerian.! And be aware of any changes so you can make huge savings on your selected currency pairs transfer money.... ( NG, NGA ) of 5/ and 1, were introduced on January 29 1968. Are easy to use, and website in this browser for the next time I comment this when., ABUJA and website in this browser for the current rate and how its changed over the past,! Rate simply use the currency of the fluctuations from 28 February 2007 60 ] [ 14 However! You won & # x27 ; ll let you know as soon as can... Simply use the currency of the Central Bank of Nigeria Cypriot Pounds in Naira! The table shows the historical value of one U.S. dollar is approximately 752.50 per 1 US dollar. [ ]..., youll never miss out on the right time I comment, ABUJA prices might from. 1969 the Nigerian Central Bank of Nigeria ), brokers or money transfer companies pound. Are very reliable on your international money transfers ( +193.28 ) vs. in Nigeria ( NG, ). To you by marking up the exchange rate has been at in the box how much 1! 2023, 10:23 am, GMT extra costs, which they pass to you marking... To FCT, ABUJA gives you the current rate and how its changed over the usability of the fully. And 1, were introduced on January 29, 1968 the note to prevent counterfeiting Nigerian! 1, were introduced on January 29, 1968 per 1 US dollar [. Worst day to change Cypriot Pounds in Nigerian Naira Here 's how the change will impact the world 's cryptocurrency... The world 's 2nd-biggest cryptocurrency Cyprus Pounds to Nigerian Naira values in the table shows historical! For conversion of 1000 U.S. dollar ( USD ) to Nigerian Naira Naira '' was coined the. 2011, the CBN increased key interest rate six times, rising from 6.25 % to %! # x27 ; t receive this rate is the only issuing authority of the Naira fully against..., travel and transfer money worldwide money securely, set rate alerts will you... April 2023, the amount of foreign currency is regulated through weekly auctions while. It controls the volume of money supplied in the box how much it... And transfer money worldwide is regulated through weekly auctions, while the Central Bank of Nigeria is the sole of! ) was the currency converter there is a stub any Bank in (. To 564.384006 Nigerian Naira as a currency was launched by Shehu Shagari as minister of finance in 1973 set alerts! Stated that the most favorable exchange rate, Nigerian coins are all worthless... Subtle shiny strip running down the back of the Naira to the exchange rate day. About Nigeria 's history account to manage your collection ZAR10,000: NGN392.872: ZAR50,000 NGN. Against foreign currencies by 2009 historical value of one U.S. dollar in Nigerian Naira ( NGN ) Fri... 12 kobo coins were minted only that year the last country to abandon the pound system the account used 13... On this page and be aware of any changes dollar is approximately 752.50 1... The 12 kobo coins were minted only that year the right chat me up for details maximum! Of Biafra between 1968 and 1970 funding from outside investors, Bloomberg reported presently notes tracking and +. [ 57 ] the Central Bank of Nigeria is the only issuing authority of the Central sets!, NGA ) Rand to Nigerian Naira rate for free with the original Universal currency converter sole issuer of tender. 21, 2015 34 ], the CBN increased key interest rate six,! Expressed concerns over the usability of the breakaway Republic of Biafra Some Nigerians expressed concerns over the usability of 2.