NGN to INR Exchange Rate - Convert Nigerian Naira to Indian Rupee

Converting from Nigerian Naira (NGN) to Indian Rupee (INR)

What is Nigerian Naira (NGN)

The Nigerian Naira (NGN) is the official currency of Nigeria, a country located in West Africa. The Naira was introduced in 1973, replacing the Nigerian Pound at a rate of 2 Naira for 1 Pound. The currency symbol for the Naira is ₦. It is subdivided into 100 kobo, although kobo coins are rarely used in daily transactions.

The Central Bank of Nigeria (CBN) is responsible for issuing the Naira and regulating its value. The exchange rate of the Naira can be volatile and is influenced by various factors, including oil prices, inflation, and government monetary policies. Nigeria's economy is heavily reliant on oil exports, which means that fluctuations in global oil prices can greatly affect the value of the Naira. As a result, currency conversion from NGN to other currencies, such as the Indian Rupee, can vary depending on the current economic climate and exchange market conditions.

To simplify currency conversion, people often use exchange rates provided by banks or financial institutions. For example, if the exchange rate is approximately ₦450 for 1 INR, this means that if you have 450 Naira, you can convert it into 1 Indian Rupee.

What is Indian Rupee (INR)

The Indian Rupee (INR) is the official currency of India, one of the fastest-growing economies in the world. The symbol for the Indian Rupee is ₹, and it is divided into 100 paise. The Indian Rupee has a rich history that dates back to ancient India, but the modern currency was introduced in 1540 by Sher Shah Suri. The Reserve Bank of India (RBI) is responsible for issuing and regulating the Indian Rupee.

The value of the Indian Rupee can also fluctuate based on economic factors such as inflation, interest rates, and foreign exchange reserves. The currency exchange rate between the Indian Rupee and the Nigerian Naira is influenced by trade relations, foreign investment, and overall economic stability in both countries.

When converting Naira to Rupees, it's important to consider the current exchange rate, which can vary daily due to market conditions. For example, if the exchange rate is $1 = ₹75, then conversely 1 Naira may be worth less than 1 Indian Rupee, depending on the current rates.

For individuals or businesses looking to convert between these two currencies, it is advisable to check reliable financial platforms or consult a bank to get the most accurate and up-to-date exchange rates. This ensures that conversions are both fair and reflective of market conditions.

In conclusion, understanding the Nigerian Naira and Indian Rupee is vital for anyone engaged in commerce, travel, or investment between Nigeria and India. By keeping an eye on current exchange rates, individuals can make informed financial decisions that suit their needs.

Nigerian Naira to Indian Rupee conversion table

NGN to INR conversion table

Nigerian Naira (NGN)Indian Rupee (INR)
1 NGN0.0538560167 INR
2 NGN0.10771203339 INR
3 NGN0.16156805009 INR
4 NGN0.21542406679 INR
5 NGN0.26928008348 INR
6 NGN0.32313610018 INR
7 NGN0.37699211688 INR
8 NGN0.43084813357 INR
9 NGN0.48470415027 INR
10 NGN0.53856016697 INR
100 NGN5.38560166967 INR
200 NGN10.77120333935 INR
300 NGN16.15680500902 INR
400 NGN21.54240667869 INR
500 NGN26.92800834836 INR
600 NGN32.31361001804 INR
700 NGN37.69921168771 INR
800 NGN43.08481335738 INR
900 NGN48.47041502706 INR
1 000 NGN53.85601669673 INR
2 000 NGN107.71203339346 INR
5 000 NGN269.28008348365 INR
10 000 NGN538.56016696729 INR
20 000 NGN1 077.12033393458 INR
50 000 NGN2 692.80083483646 INR
100 000 NGN5 385.60166967291 INR
Last updated May 22, 2025 at 10:55 AM