Nigeria flag

NGN / ZAR

Live market data
Naira / South African Rand
0.01250 ZAR
Updated 13 mins ago
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Description

The Naira is the official currency of Nigeria, introduced in 1973 to replace the Nigerian pound. It is issued by the Central Bank of Nigeria and is denoted by the symbol ₦. One Naira is subdivided into 100 Kobo.

Banknotes are issued in 5, 10, 20, 50, 100, 200, 500 and 1000 Naira, while coins include 50 Kobo, 1 and 2 Naira. The 200 Naira note famously features the portrait of Nigeria’s first president, Nnamdi Azikiwe, a detail often highlighted by collectors.

Key Facts
Market Code NGN
Currency Name Naira
Native Name Naira
Country Nigeria
Country Code NG
Demonym Nigerian
Sub-unit Kobo
Languages Spoken English, Hausa, Yoruba, Igbo, Fulfulde
Symbol ₦
Issuer Central Bank of Nigeria
Current Price 0.01250 ZAR
24h Ago Price 0.01259 ZAR
24h Change -0.7%
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Last Updated 7 October 2026, 06:00:03