digifyworld
🇳🇬
Currency & Exchange

Currency of Nigeria: Nigerian Naira

AbujaLocal time

Nigerian Naira · NGN · National

Nigerian Naira
ISO NGN · NIGERIA
Nigerian Naira
ISO codeNGN
Monetary authorityCentral Bank of Nigeria
NGN
ISO 4217 code
Currency identifier
1
Currencies with an official role
National
NGN
Display identifier
ISO code used where a standalone symbol is not shown
Time-sensitive
Exchange-rate context
Check the rate date and source
CurrencyNigerian Naira
ISO codeNGN
Largest note₦1,000
Largest coin₦2
Current note seriesCurrent CBN legal-tender family

Who Issues Nigerian Naira in Nigeria

Nigeria's own currency arrangement uses the Nigerian Naira (NGN) under Central Bank of Nigeria. The symbol used here is NGN, and the currency's ISO 4217 numeric identifier is 566.

When reading an NGN conversion, Central Bank of Nigeria manages the monetary framework for the Nigerian Naira in Nigeria. NGN is therefore a nationally administered currency rather than an externally issued unit. This makes the monetary framework distinct from the conversion quote.

Currency architectureNational
Primary currencyNigerian Naira (NGN)
Monetary authorityCentral Bank of Nigeria

Exchange Rate for NGN

In practical currency use for Nigeria, the useful benchmark is a dated NGN observation with its currency pair stated explicitly. A bank, card network or cash desk may apply its own spread or fee to that benchmark. This provides the exchange-rate context transparent.

Latest available reference rate*Loading...
Checking USD/NGN
Latest official/reference observation where supported. Source and date are shown after loading; this is not a trading quote.
=

When reading an NGN conversion, hold the pair and timestamp constant when judging changes in the reference rate. The resulting transaction amount can differ once a provider adds its margin or charges. That makes the comparison anchored to a dated observation.

Banknotes and Coins

Banknotes

The Central Bank of Nigeria lists eight legal-tender banknote denominations: ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500 and ₦1,000.

₦5
₦10
₦20
₦50
₦100
₦200
₦500
₦1,000

Coins

Coins in current circulation are 50 kobo, ₦1 and ₦2.

50 kobo
₦1
₦2

Frequently Asked Questions

What currency is used in Nigeria?

When checking Nigerian Naira values in Nigeria, the Nigerian Naira (NGN) is the national currency, with Central Bank of Nigeria responsible for the domestic monetary framework. This supports the source trail clear.

Who manages the currency system in Nigeria?

Central Bank of Nigeria is the main monetary authority identified for Nigeria.

Are the exchange rates for Nigeria real-time?

On this Nigeria currency page. Where the pair is supported, the displayed conversion comes from the latest available reference observation and is date-stamped. That makes it a reference value rather than a guaranteed transaction rate. The page therefore keeps the observation easy to date.

Data note: Figures marked with * are sourced from external institutions or data providers and may change after publication. Exchange rates, payment statistics and other time-sensitive figures are provided for general reference and may not reflect current market, bank, card-network or transaction rates. DigifyWorld aims to use reliable sources and keep information current, but cannot guarantee that all data is complete, real-time or 100% accurate. Check the cited source or relevant monetary authority when making financial decisions.

More about Nigeria

Explore Nigeria across the other DigifyWorld country-data sections.

Public HolidaysPublic holidays 2026 and 2027→Digital AdoptionInternet, payments and digital government→Population & DemographicsPopulation, age structure and projections→Economy SnapshotGDP, trade and economic structure→LanguagesLanguages, scripts and language context→Human DevelopmentHDI and quality-of-life indicators→Geography & EnvironmentLand, climate and environment→Practical Country InfoTime, driving, electricity and codes→EducationSchool system and education data→

Sources & methodology

The page anchors its institutional currency facts in material from Central Bank of Nigeria and the framework governing Nigeria. Currency identification uses ISO 4217 for NGN, with institutional exchange arrangements separated from time-specific rate data.

View sources used for this page
Exchange-rate note: the NGN converter for Nigeria requests a supported reference-rate source and displays the observation date. If no supported observation is available, the converter shows that a reference rate is unavailable instead of estimating one.