INFORMATION ABOUT NAIRA
We show the updated today’s value/price of naira (NGN).You can get the exchange from naira to another currency by introducing the value or amount of naira (NGN) in the box and clicking the convert button. This way you can get the naira’s price in relation to other currencies.
INTRODUCTION TO THE NAIRA
The naira is the official currency of Nigeria. It was introduced in 1973 replacing the pound. It is used by approximately 171 million six hundred nineteen people. You can check the today value of the naira and check its price.
The Central Bank of Nigeria is an organization founded in 1958. It has the general control of the administration of monetary policies and financial sector of the Federal Government. Among its functions there are: to ensure monetary and prices stability, to issue the legal tender in Nigeria and to maintain the external reserves to safeguard the international value of the legal tender. It is also responsible for promote the solid financial system of the country and give economic and financial advice to the Federal Government.
Countries that use the currency: Nigeria
Bills: 5, 10, 20, 50, 100, 200, 500, 1000 ₦
Coins: kobo = 1/100 of one naira. ½, 1, 5, 10, 25, 50 kobo. 1, 2 ₦
Issuing Agent: Central Bank of Nigeria Web: http://www.cenbank.org/