Nigeria's currency is known as the Naira. One Naira is equivalent to approximately 500 Euros. The Naira was introduced in 1999 and replaced the Nigerian Pound as the country's official currency.
The symbol for the Naira is "NGN" and the ISO code is NGN. The exchange rate for the Naira against the Euro is as follows:
On May 20, 2017, the Nigerian Central Bank announced that the minimum exchange rate for the Naira would change from 200 to 250 NGN/$ to 150 to 180 NGN/$. The Central Bank also announced that the daily change rate would change from ±10% to ±5%.
It is important to know how much 500 Euros is in Naira before you travel to Nigeria. On May 20, 2017, the Nigerian Central Bank announced that the minimum exchange rate for the Naira would change from 200 to 250 NGN/$ to 150 to 180 NGN/$.
500 Euros is worth approximately 1,000,000 Naira. So if you wanted 500 Euros worth of Nigerian currency, it would be equivalent to 1 million Nigerian Nairas or 1,000,000 x 250 = 250 million Nigerian nairas. At the time of this article's publication (May 20th), a Euro is worth 300 Nigerian nairas.
On January 1, 2018, the Central Bank of Nigeria announced that the Naira would be at its strongest level in ten years. On January 23, 2018, the Nigerian Central Bank fixed the exchange rate at 197 to $1.
The Nigerian currency is known as the Naira. One Naira is equivalent to approximately 500 Euros. The Naira was introduced in 1999 and replaced the Nigerian Pound as Nigeria's official currency.
The symbol for the Naira is "NGN" and the ISO code is NGN. The exchange rate for the Naira against the Euro is as follows:
On May 20, 2017, Nigeria's Central Bank announced that the minimum exchange rate for the Naira would change from 200 to 250 nigerian nairas per dollar to 150 to 180 nigerian nairas per dollar. The Central Bank also announced that they were changing how much they adjusted their rates on a daily basis from ±10% to ±5%.
As of May 21, 2017, the exchange rate between the Naira and the Euro is approximately 1.86 Euros to 1 Naira. In other words, 500 Euros is worth about 1,300 Nairas.
[1]- http://www.investopedia.com/terms/n/nigerianpounds.asp
[2]- https://www.worldatlas.com/articles/500-euros-to-usd-conversion-chart.html
1 Naira is equivalent to $0.5 US Dollars (USD).
The Nigerian Central Bank has the authority over Nigeria's currency, the Naira. The Central Bank is in charge of monetary policy, currency policy and financial system stability. Although there are many different ways to receive a Naira, the most popular way is exchanging Euros for Nigeria's currency.
The Naira is the currency of Nigeria. Other countries that use the Naira include Benin, Chad, Central African Republic, Equatorial Guinea, Gabon, Ivory Coast, Libya and Niger.
Nigeria is a country located in Western Africa. The currency of Nigeria is the Naira and it's worth approximately 500 Euros.
The symbol for the Naira is "NGN" and the ISO code is NGN.
