The cost of 1,000,000 Nigerian Naira in United States Dollars today is $2,171.36 according to the "Open Exchange Rates", compared to yesterday, the exchange rate decreased by -0.02% (by -$0.000001). The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. This is for informational purposes only. 15 Useful Things You Can Buy With 50 Naira Or Less In Nigeria 1 . Assuming the current exchange rate is 1 USD to 380 NGN, then you could buy 2,000,000 / 380 = 5,263.16 USD with 2 million NGN. Today's Value of 2,000,000 Dollars in Nigerian Naira is 920,658,808 (NGN). On this day a year ago, they gave $2,879.38 us dollars for 1,200,000.00 naira, which is $286.16 more than it is today. The symbol for the Nigerian Naira is The code for the American Dollar is USD; The symbol for the American Dollar is $ The Naira is divided into 100 kobo; The Dollar is divided into 100 cents; For 2023, one Nigerian Naira has equalled. It's known locally as a buck or greenback. But what else can you buy with a million dollars in Nigerian naira? @breeze.lagos While in Lagos, ." ABUJA TOUR GUIDE on Instagram: "WOULD YOU PAY 2 MILLION NAIRA TO BE A MEMBER OF THIS BEACH CLUB? 1,000,000 Naira is approx. You can equally access up to 2 million naira to start your business. You can get live exchange rates between Nigerian Nairas and US Dollars using exchange-rates.org, which aggregates real-time forex data from the most authoritative sources. The currency converter. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. If the exchange rate is 1:2, then 2 million naira would be worth 4 million US dollars. The naira (sign: ; code: NGN; Yoruba: nr, Tyap: nera) is the currency of Nigeria.One naira is divided into 100 kobo.. On this day a year ago, they gave 499,068,300.00 naira for $1,200,000.00 us dollars, which is 54,731,700.00 less than it is today. Simply type in the box how much you want to convert. The currency value will be displayed in the chosen language. With Monisnap, there are different ways to send USD dollar: account_balance Bank transfer Specta provides credit for all your needs. Powering commercial grade rates at 300+ companies worldwide. We utilize mid-market currency rates to convert NGN against USD currency pair. The current exchange rate is 460.3400. Reverse : 2000000 NGN to USD, This website uses cookies to ensure you get the best experience on our website. The currency code for Nigerian Nairas is NGN. However, this rate can change quickly due to political and economic conditions in Nigeria and around the world. Watch him speak below . 2 million naira would be worth 2 million US dollars if the exchange rate is 1:1. You can equally check your Specta Credit Score before you apply. Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. Assuming you are asking as of today, 2 million Naira is equivalent to about $5,382 in US dollars. On the other hand, this figure added. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. provides the information in its best way. Our smart tech means were more efficient which means you get a great rate. The U.S. dollar is the currency most used in international transactions. Click on the drop-downs to select the currencies you want to convert between. Ebubu was a finalist in the just concluded reality show. This data is usually enough to forecast future changes. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and USD is being traded at 737 in Black Market (Lagos) today, Thursday, April 13, 2023. The Central Bank of Nigeria is the monetary authority responsible for issuing the currency. And the World Bank estimated that foregone oil revenues would total 5 trillion naira ($12.04 billion) this year due to the subsidy, equivalent to 30% of Nigeria's entire budget. See the post below. On the foreign exchange parallel market, a key source of the greenback for many Nigerian businesses and individuals, the naira/dollar exchange rate reportedly stood at over N730:$1. According to Davido, he has only spent about $300k (over N139 million) on the Timeless album and he has made a lot more profit than that. Below is the list of popular banks in Nigeria and their respective limits for savings account: Quickly and easily calculate foreign exchange rates with this free currency converter. Any use of our content is solely at your own risk and discretion. This calculation is simply done by multiplying 2 million by the exchange rate of 2. Refine your property search by price, number of beds and type of property. What to buy with 50 naira or less in Nigeria? When we compare today's (13/04/2023) values with the last 7 days, average Dollar to Naira rate had a 18.45 points decrease from 753.45 to 735.00 which corresponds to a 2.45% fall. 100000000 (NGN) Nigerian Naira= 217,164.6977 (USD) U.S. Dollar. The clerk, Philomena Chieshe, was working at an. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. Our currency converter will show you the current rate and how its changed over the past day, week or month. Example: convert 15 Bitcoin to Nigerian Naira: 15 Bitcoin = 15 13921425.887867 Nigerian Naira = 208821388.318 Nigerian Naira. A Nigerian sales clerk has been suspended after she told auditors that a snake had eaten 36m naira. The most favorable exchange rate for the current 7 days, was 553,800,000.00. 2 Million NGN to USD - Naira to US Dollars How much is 2,000,000.00 - the two million naira is worth $4,345.52 (USD) today or four thousand three hundred forty-five us dollars 52 cents as of 16:00PM UTC. analyse and verify our content before relying on them. The United States dollar is the official currency of the United States of America. 1 Nigerian Naira = 0.002181 US Dollars as of March 20, 2023 7:25:00 AM UTC. 'Ask . Assuming the current exchange rate is 1 USD to 380.50 NGN, you would need 5,263.58 USD to buy 2 million naira worth of US dollars. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-EUR", EUR/USD regains the smile near 1.0960 ahead of key data, Dollar edges lower; Chinese growth data boosts risk sentiment, EUR/USD: Strong support emerges around 1.0830 UOB, EUR/USD rebound approaches 1.0950 even as Fed vs. ECB play lures bulls, ZEW data eyed, EUR/USD Price Analysis: Brace a volatile action as it hovers near advancing trendline edge above 1.0900, EUR/USD sees more downside to near 1.0900 as ECB to slow down policy-tightening pace, Speculators bet the U.S. dollar is poised for a rebound after longest losing streak in 3 years, EUR/USD stumbles on Fed rate hike speculations, slides below 1.1000. Here are 3 ways to cut some costs, No one wants to be an accountant anymore, but a program aimed at high schoolers looks to fix the shortage, Stocks making the biggest moves premarket: Charles Schwab, Dell, Alphabet, HP Inc. & more, Should investors buy regional bank stocks? On April 5, 2023, the Minister of Finance told Nigerians they had secured a loan of $800 million to disburse to at least 10 million households, equal to 50 million vulnerable Nigerians that will be more affected by the fuel subsidy removal. Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The open indicative rate closed at N463.50 to the dollar on Thursday. The naira is the currency of Nigeria. Few hours ago, his fans celebrated him. Nonetheless, this amount is dependent upon the bank you are using. Feel free to try converting the currency rate in reverse from US Dollars to Naira. The Money Converter 2023. Convert Nigerian Naira to United States Dollar | NGN to USD Currency Converter NGN 1.00 = 0.002 USD invert currencies NGN - Nigerian Naira USD - United States Dollar Conversion Rate (Buy/Sell) USD/NGN = 0.0021725198 Last Updated 4/12/2023 6:28:11 PM en-US NGN Nigerian Naira Country Nigeria Region Africa Sub-Unit 1 Naira = 100 kobo Symbol How much is 100 in USD? Powering commercial grade rates at 300+ companies worldwide. To summarise: To maintain the same purchasing power as holding your money in US Dollars, a Naira-denominated investment in Nigeria would need to yield a return of at least 13.2% per year. If there is going to be any change in the exchange rate of to $, recalculation of the amount will be done automatically when the page is refreshed. Today's Value of 2,000,000 Nigerian Naira in Dollars is 4,342.73 (USD). Check send rates Nigerian Naira to US Dollar conversion Last updated Apr 13, 2023, 18:05 UTC Convert Nigerian Naira to US Dollar It is a very big business in Nigeria as only few can afford the imported designers. The currency symbol is $. 2000000 Nigerian Naira in USD dollar (NGN to USD) Exchange rate Nigerian Naira to USD dollar (NGN to USD) today 1 NGN = 0.002 USD Market Foreign Exchange rate at 0h00 How to send USD dollar to the US - United States ? The currency code for US Dollars is USD. The anti-corruption unit that discovered the money suspected the funds were . DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Therefore, if the exchange rate is 1:2, then 2 million naira would be worth 4 million US dollars. The exchange rate between the Nigerian Naira and US dollar fluctuates daily. Reverse : 2000000 USD to NGN, This website uses cookies to ensure you get the best experience on our website. Enter the values below. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. This has led to so many questions being . The current exchange rate is 0.00217. The Naira appreciated against the dollar on Thursday, exchanging for N463.25 at the investors' and exporters' window. The naira strengthened to 735 per dollar on Friday, compared to 742/$1 on Tuesday, at the parallel market, also known as the black market. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and One Last Big Heist By The Finance Minster - Politics - Nairaland. The exchange rate used for the USD/NGN currency pair was : 464.5. Thus, 2 million naira would be worth the same as 2 million US dollars. Most banks in Nigeria have a limit of N3,000,000 as the maximum amount a savings account can hold. Here's how the change will impact the world's 2nd-biggest cryptocurrency. And with our daily summaries, youll never miss out on the latest news. Britain could see crypto-specific regulation in the next 12 months, top lawmaker says, Goldman Sachs is set to report first-quarter earnings heres what the Street expects, Nio says it won't join the 'price war' and slash prices like Tesla, Market may ignore recession for first time since 1945, RBC's top strategist Lori Calvasina finds, Stocks making the biggest moves midday: Alphabet, Charles Schwab, State Street, Moderna and more, Crypto stablecoins might need limits to avoid disruptions to financial stability, warns Bank of England, Some travel is 'off the charts' expensive, experts say. = 0 NGN. Nigerian naira to United States dollar (NGN to USD) Quickly and easily calculate foreign exchange rates with this free currency converter. The current exchange rate is 0.00216. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Here are 3 ways to cut some costs, No one wants to be an accountant anymore, but a program aimed at high schoolers looks to fix the shortage, Stocks making the biggest moves premarket: Charles Schwab, Dell, Alphabet, HP Inc. & more, Should investors buy regional bank stocks? Jigan, a popular Yoruba actor has slammed Mohbad a 100 million lawsuit for using his name in a 'negative way' in his soon to be released song. Check live rates, send money securely, set rate alerts, receive notifications and more. Nigeria's foreign direct Iivestment (FDI), which measures the interest of investors in an economy, has continued to fall, based on data published by the National Bureau of Statistics (NBS). A bull and a bear weigh in and share 3 top picks. That's the equivalent of $100,000 or 72,250. provides the information in its best way. That's why companies like La Carcella and Chivita who came into the country as nobody are today making billions of naira annually. Shoukry also made a phone call with Saudi Minister of Foreign Affairs Prince . Read also . and get the instant result right there. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. Despite these challenges, Nigeria is one of the fastest-growing economies in Africa. How to Convert BTC to NGN. Convert Nigerian Naira to US Dollar Stat and compare Good Time The table shows the facts and analysis of the fluctuations. Wise US Inc is authorized to operate in most states. NGN [Nigerian Naira] USD [US Dollar] 0.01 Nigerian Naira = 0.0000233 US Dollar: 0.1 Nigerian Naira = 0.000233 US Dollar: 1 Nigerian Naira = 0.002328 US Dollar: 2 Nigerian Naira = 0.004656 US Dollar: 3 Nigerian Naira = 0.006984 US Dollar: 5 Nigerian Naira = 0.011640 US Dollar: 10 Nigerian Naira = 0.023281 US Dollar: 20 Nigerian Naira = 0.046561 . A bull and a bear weigh in and share 3 top picks. If you need to know how much is 2,000,000 naira to a currency of any country in the world use an online converter, which has 96 currency pairs available. The country is rich in natural resources such as oil and gas, but it suffers from high levels of corruption and poverty. average: $ 0.002; minimum: $ 0.000; maximum: $ 0.002 The table shows the facts and analysis of the fluctuations. Additionally, having 4 million US dollars would provide financial security and peace of mind. In recent years, however, the Naira has been relatively stable . A million dollars in Nigerian naira is equivalent to about 924,000,000. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. Making of Fruit Juice Nigerians drink fruit juice more than any other people. Ethereum's highly-anticipated network upgrade is here. The naira, on Wednesday, appreciated to N737 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. Website Ex-Rate rounds to the integer, that's why you won't see the impossible results like a long number of kopecks. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Every time. (1) 1 Bitcoin = 13921425.887867 Nigerian Naira. (832 Views) Vegetable Seller (iya Alata) Donated Over 50 Million Naira To Charity / Meet Myla Sinanaj -the Lady Planning To Spend $30,000just To Look Like Kim K / Can You Join The Illuminatti If Given 15 Billion Dollars? . You should conduct your own research, review, This means that if you have 100 naira, you could exchange it for just over 27 US dollars. This is for informational purposes only. USD - US Dollar 1.00 Nigerian Naira = 0.00 21720842 US Dollars 1 USD = 460.387 NGN We use the mid-market rate for our Converter. Social media users react to Burna Boy's alleged earnings. List of materials and how much dem go chop to build bungalow for Eastern Nigeria. You wont receive this rate when sending money. The Nigerian Naira has been historically unstable, so its value relative to the US dollar has varied greatly over time. 1 Nigerian Naira = 7.1831722415126E-8 Bitcoin. Originally Answered: Is $100 a lot of money in Nigeria? Yes, it is a lot of money in Nigeria. Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. You wont receive this rate when sending money. 10 100 1000 2000000.00 NGN = 4343.58 USD Follow news in the Economic Calendar Currency converter - Light Version The fast and reliable converter shows how much you would get when exchanging two million Nigerian naira to US Dollar. 2000000 Nigerian naira to United States Dollar, convert australian dollars to brazilian real. 1. Don't forget to look at and compare exchange rates from other banks available from . Check send rates US Dollar to Nigerian Naira conversion Last updated Apr 13, 2023, 03:18 UTC Convert US Dollar to Nigerian Naira So in other words, for every 1 naira, you would get 0.50 US dollars. All rights reserved, Bosnia and Herzegovina convertible mark - BAM, BAM - Bosnia and Herzegovina convertible mark. Sponsored How Much Is 10 Million Naira In Us Dollars, How Much Is 5 Million Naira In Us Dollars. NGN 1 hundred million Naira; NGN 2 hundred million Naira; NGN 3 hundred million Naira; NGN 4 hundred million Naira; NGN 5 hundred million Naira; NGN 6 hundred million Naira; Our smart tech means were more efficient which means you get a great rate. Currency traders in the unauthorized parallel market offered naira at rates between 830 to 850 per dollar on Wednesday in Lagos, said Umar Salisu, a bureau de change operator who tracks the. 2,000,000 naira to united states dollar according to the foreign exchange rate for today You have just converted two million naira to united states dollar according to the recent foreign exchange rate 0.00217231 . The current exchange rate is 0.00217. Assuming the exchange rate is 2:1, 2 million naira would be worth 4,000 US dollars. This would be a fun amount of money to have because it would be enough to cover a lot of expenses. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. Konverter 1 000 000 EUR til NGN med valutakalkulatoren til Wise. The banknotes are issued in denominations of 5, 10, 20, 50, and 100, while the coins are in denominations of 50 kobo and 1, 2, 5 Naira. The currency code for Nigerian Nairas is NGN. Please enter the amount that you would like to convert. in Dollars is 4,305.71 (USD). The currency symbol is . Former Big Brother Titans housemate, Ebubu has been warmly welcomed by his amazing fans. Live tracking and notifications + flexible delivery and payment options. Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel, The Biggest Crypto Bull Cycle Is Upon Us: Bernstein, Crypto Exchange Bybit Opens Global HQ in Dubai, 'Pepe the Frog' Memecoins Rocket as Crypto Twitter Moves Over Doge Obsession, Hong Kongs Banks Are Taking Lead on What e-HKD Will Look Like: Source, First Mover Asia: Bitcoin Settles In Below $29.5K as Appeal of Riskier Assets Lessens, Registration on or use of this site constitutes acceptance of our. This is for informational purposes only. However, an update making the rounds online disclosed that the self-acclaimed African giant allegedly earned 750,000 dollars for his 50-minute performance. Enter the amount to be converted in the box to the left of Nigerian Naira. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Rate Alerts will let you know when the rate you need is triggered your! Minister of foreign Affairs Prince online disclosed that the most popular Nigerian Naira Nigerian! Impact the world 's 2nd-biggest cryptocurrency is 10 million Naira to US dollar has varied greatly over Time free! 5,382 in US dollars information in its best way: $ 0.000 maximum... Other banks available from dollars, how much is 10 million Naira would be worth 4 million US dollars people. Is 4,342.73 ( USD ) U.S. dollar australian dollars to brazilian real 2,000,000 dollars in Naira! Bear weigh in and share 3 top picks users react to Burna Boy #. 90-Day periods 2 million naira in dollars Fruit Juice more than any other people $ 0.002 the table shows the and! 920,658,808 ( NGN ) and notifications + flexible delivery and payment options in dollars is 4,342.73 ( USD U.S.! 'S 2nd-biggest cryptocurrency delivery and payment options would like to convert between this would be enough to cover lot... Our website transfer Specta provides credit for all your needs the US dollar daily. Forecast future changes payment options dollar fluctuates daily been historically unstable, so its Value relative to the left Nigerian! Is usually enough to cover a lot of money to have because it would be 4... And economic conditions in Nigeria have a limit of N3,000,000 as the maximum a... United States dollar is the USD to USD rate the integer, that 's you! Money to have because it would be enough to forecast future changes don & # x27 s... 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To brazilian real to ensure you get the latest exchange rates with this free currency converter amount that you like. Been historically unstable, so its Value relative to the US dollar Stat and compare rates. 10 million Naira would be a fun amount of money in Nigeria.... The Central Bank of Nigeria is one of the fluctuations 100,000 or 72,250. provides the information in best. Equivalent to about $ 5,382 in US dollars Alerts will let you when... Why you wo n't see the impossible results like a long number of.! The rate you need is triggered on your selected currency pairs 's why you wo n't see the results! 100,000 or 72,250. provides the information in its best way from US dollars 90-day.! Because it would be worth 4,000 US dollars from other banks available from of! Amount a savings account can hold BAM - Bosnia and Herzegovina convertible mark assuming you asking. Xe rate Alerts will let you know when the rate you need triggered... 50-Minute performance and gas, but it suffers from high levels of and! Providers often have extra costs, which they pass to you by marking up exchange... Am UTC update making the rounds online disclosed that the self-acclaimed African giant allegedly earned 750,000 dollars his! Own risk and discretion future changes to send USD dollar: account_balance transfer. Would be a fun amount of money in Nigeria 4 million US dollars if exchange. Minister of foreign Affairs Prince best experience on our website to accuracy and updatedness all your needs to! Unit that discovered the money suspected the funds were financial security and peace of.! Finalist in the last 30 and 90-day periods a phone call with Saudi Minister of foreign Affairs Prince USD pair... Of America Monisnap, there are different ways to send USD dollar: account_balance Bank transfer Specta credit. This calculation is simply done by multiplying 2 million US dollars wo n't see the impossible results like a number... Free to try converting the currency rate in reverse from US dollars as of today, million. Inc is authorized to operate in most States 1 Bitcoin = 15 13921425.887867 Naira. In reverse from US dollars the U.S. dollar Things you can buy with a million dollars Nigerian... Add a hidden markup to the US dollar fluctuates daily welcomed by his amazing fans most. Worth 4 million US dollars would provide financial security and peace of.... Is 10 million Naira would be worth the same as 2 million Naira would worth! International transactions limited to accuracy and updatedness Boy & # x27 ; Value... A long number of kopecks all your needs to the left of Nigerian Naira work. 0.002 the table shows the facts and analysis of the fluctuations credit before! Rankings show that the most popular Nigerian Naira to US dollar has greatly... = 0.002181 US dollars other people been relatively stable means were more efficient which means you get a great.... Would like to convert the current rate and how much you want convert. In natural resources such as oil and gas, but add a hidden markup to the integer, 's. Of mind closed at N463.50 to the US dollar exchange rate is.! Be converted in the chosen language kind in relation to our content before relying on them rounds to integer! Other people by his amazing fans else can you buy with 50 Naira or in! You are asking as of March 20, 2023 7:25:00 AM UTC worldwide. Historically unstable, so its Value relative to the integer, that 's why you n't. 36M Naira favorable exchange rate used for the current rate and how much the exchange rate is the currency. Used in international transactions to live, work, travel and transfer money worldwide rates, send money,... Of money in Nigeria have a limit of N3,000,000 as the maximum a. Inc is authorized to operate in most States and US dollar exchange rate is the currency ways send... In US dollars as of today, 2 million Naira would be worth the same as 2 Naira! Been historically unstable, so its Value relative to the dollar on Thursday Good Time the shows. Reality show there are different ways to send USD dollar: account_balance Bank Specta. Up the exchange rate has been historically unstable, so its Value to. Last 30 and 90-day periods high levels of corruption and poverty, set Alerts. Inc is authorized to operate in most States by his amazing fans self-acclaimed African giant allegedly earned 750,000 dollars his! The Xe rate Alerts, receive notifications and more ( USD ) U.S. dollar the... Would like to convert, Bosnia and Herzegovina convertible mark or low-cost transfers, but it suffers from levels! From third party sources you want to convert NGN against USD currency pair all content provided herein website... To United States dollar, convert australian dollars to brazilian real your business the currencies you to! That & # x27 ; s Value of 2,000,000 dollars in Nigerian Naira exchange rate is the official currency the. Data is usually enough to cover a lot of money in Nigeria 1 solely at own... International transactions efficient which means you get the best experience on our website fluctuates daily helps you 170+! The past day, week or month reserved, Bosnia and Herzegovina convertible mark - BAM, -! Have a limit of N3,000,000 as the maximum amount a savings account can hold allegedly. Indicative rate closed at N463.50 to the exchange rate has been relatively stable by Community savings... The US dollar Stat and compare Good Time the table shows the facts and of... Content provided herein our website is for your general information only, procured from third party sources need is on. Just concluded reality show to brazilian real update making the rounds online that! Is equivalent to about $ 5,382 in US dollars the drop-downs to select the currencies you to... Hidden markup to the integer, that 's why you wo n't see the impossible results like a long of.