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Nigerian Naira (NGN)

The Nigerian Naira is the primary currency of Nigeria. This currency is used by an estimated 195,874,740 people. Based on our estimate, Nigerian Naira is the #8 most popular currency is the world.

The currency code for the Nigerian Naira is "NGN". The ISO 4217 number for this currency is 566. The currency symbol for the Naira is "₦".

Nigerian Naira conversion rates, useful facts, and holiday schedule can be found below.

NGN Currency Demographics

The primary country using the Nigerian Naira is Nigeria.

There are approximately 195,874,740 people around the world who use the Nigerian Naira. The Nigerian Naira is the #8 most used widely currency is the world.

195,874,740 user population
Ranked #8 in the world

NGN Exchange Rates

1 Nigerian Naira equals:

Australian Dollar


Inverse: ₦220.13


Inverse: ₦396.54
British Pound


Inverse: ₦450.31
Indian Rupee


Inverse: ₦4.80
Japanese Yen


Inverse: ₦3.38
US Dollar


Inverse: ₦367.00029

† Rates last updated at 41 minutes ago

‡ Rates are the interbank rate and are only available on large transactions

NGN Currency Facts

NGN Details

ISO 4217 CodeNGN
ISO 4217 Number566
Unit NameNaira
Currency NicknamesN.a.

NGN Denominations

Minor Unit NameN.a.
Minor Unit Symbol N.a.
Minor Units2
Frequently Used banknotes₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000
Rarely Used BanknotesN.a.
Frequently Used Coins₦1, ₦2, 50
Rarely Used CoinsN.a.

NGN Issuance

Central BankCentral Bank of Nigeria
Central Bank Website

World Bank Statistics

Estimated User Population195,874,740 people
Population Rank#8
NGN Inflation Rate12.095%
Inflation Rank#7

† Population and Inflation rate as based on data from the World Bank.

‡ Corrections or suggestions? Please contact us.

2020 NGN Currency Holidays

Based on holidays observed by the Central Bank of Nigeria. On these dates banks and payment systems may be closed. Settlement in Nigerian Naira may also be closed on these dates.

New Year's Day January 1, 2020 Closed
Good Friday April 10, 2020 Closed
Easter Monday April 13, 2020 Closed
Labour Day May 1, 2020 Closed
Id-el-Fitri May 24, 2020 Closed
Id-el-Fitri May 25, 2020 Closed
Democracy Day June 12, 2020 Closed
Id-el-Kabir July 31, 2020 Closed
Id-el-Kabir August 1, 2020 Closed
National Day October 1, 2020 Closed
Id-el-Maulud October 29, 2020 Closed
Christmas Day December 25, 2020 Closed
Boxing Day December 26, 2020 Closed