Nigeria The Nigerian Naira (NGN) is the official currency of Nigeria, managed by the Central Bank of Nigeria (CBN). It was introduced in 1973, replacing the Nigerian pound as part of Nigeria’s shift to a decimal monetary system. The Naira is crucial to Africa’s largest economy, which is driven by oil exports, agriculture, technology, and services. Despite inflation and currency fluctuations, the Naira remains one of Africa’s most widely traded currencies.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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