Nigerian Naira
(NGN) Insights
Currency of Africa's largest economy and most populous nation; petrocurrency (oil accounts for ~90% of export earnings); significant Diaspora remittance flows; leading West African financial market
Live Data Feed
NGN Live Converter
Last Update
Authenticating...
Send Exactly
Recipient Gets
—
Real-time interbank rate: Live data unavailable
Currency Snapshot
Technical specifications, central bank governance, and market standing for Nigerian Naira.
NGN
Standardized ISO 4217 Currency Code
₦
Unicode Glyphs & Display Symbol
1/100 = Kobo Decimals
Subdivision unit definition
Nigeria
Central Bank of Nigeria (CBN)
Central Bank of Nigeria (CBN)
—
Market-determined exchange rate mechanism
Currency Standard: Fiat
Classified as Fiat in global trade networks
Banknotes
₦50
Coins
50k
Global Network Integration
The FX Intelligence terminal maps the institutional footprint of the Nigerian Naira, highlighting cross-border utilization and primary trading corridors.
Verified Authority
Regulated data streams mapped to Central Bank of Nigeria (CBN).
NGN Market Insights
Deep-dive analysis of the Nigerian Naira's global impact, remittance role, and institutional influence.
Strong Currency Impact
Cheaper fuel imports (despite being oil producer); lower oil revenues in naira
Weak Currency Impact
Higher import costs; inflation pressure; higher naira-denominated oil revenues; parallel market narrows
Remittance Role
Nigeria is Africa's largest remittance recipient (~$20 billion/year); major sources are USA, UK, Canada, Italy
Central Bank Tools
Monetary Policy Rate (MPR), Cash Reserve Ratio, FX interventions, Open Market Operations
Common Questions About Nigerian Naira
Everything you need to know about NGN exchange rates, banknotes, and historical significance.