Nigerian naira

E60040

The Nigerian naira is the official fiat currency of Nigeria, issued and regulated by the Central Bank of Nigeria.

All labels observed (4)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf fiat currency
legal tender
backedBy full faith and credit of the Federal Government of Nigeria
cashForm metal coins
paper banknotes
centralBank Central Bank of Nigeria
circulationArea Nigeria
codeStandard ISO 4217
continent Africa
country Nigeria
currencySymbol
denominationType banknotes
coins
digitalUse electronic payments in Nigeria
exchangeRateRegime managed float (varies over time)
fractionalUnit kobo
governingLaw Central Bank of Nigeria Act (various versions)
hasSubunit 1 naira = 100 kobo
introduced 1973
ISO4217Code NGN
issuer Central Bank of Nigeria
languageOfName English
legalStatus legal tender in Nigeria
legalTenderIn Federal Republic of Nigeria
linked to: Nigeria
monetaryAuthority Central Bank of Nigeria
monetaryPolicyControlledBy Central Bank of Nigeria
monetaryPolicyObjective price stability in Nigeria
monetarySystem decimal
monetaryUnitOf Nigerian economy
linked to: Nigeria
nameOrigin derived from "naira", a contraction of "Nigeria"
officialCurrencyOf Nigeria
peggedTo not formally pegged; exchange rate managed by Central Bank of Nigeria (varies over time)
region West Africa
regulator Central Bank of Nigeria
replacedCurrency Nigerian pound
pound sterling-based system in Nigeria
securityFeaturesManagedBy Central Bank of Nigeria
status active
subunit kobo
subunitToUnit 100 kobo = 1 naira
symbolPlacement before amount (e.g., ₦100)
usedBy Nigerian government
businesses in Nigeria
residents of Nigeria
usedFor domestic payments in Nigeria
pricing of goods and services in Nigeria
settlement of taxes in Nigeria
usedIn Nigerian financial markets

How these facts were elicited

Referenced by (68)

Full triples — surface form annotated when it differs from this entity's canonical label.

Abuja currency Nigerian naira
Zuma Rock featuredOn Nigerian 100 naira note (older series)
linked to: Nigerian naira
Jigawa State usesCurrency Nigerian naira
Nigerian associatedWithCurrency Nigerian naira
FGN currency Nigerian naira
Central Bank of Nigeria currencyIssued Nigerian naira
Ughelli currency Nigerian naira
Fourth Republic of Nigeria currency Nigerian naira
Gwagwalada Area Council usesCurrency Nigerian naira
Kuje Area Council usesCurrency Nigerian naira
Fugar currency Nigerian naira
Abaji usesCurrency Nigerian naira
Wuse Market currencyUsed Nigerian naira
Banex Plaza currencyAccepted Nigerian naira
NGN representsCurrency Nigerian naira
NGN majorUnitName naira
linked to: Nigerian naira
NGN currencyName Nigerian naira
Ideato North usesCurrency Nigerian naira
Isiala Mbano usesCurrency Nigerian naira
Ikeduru usesCurrency Nigerian naira
Zumwa featuredOn Nigerian 100 naira note (Zuma Rock depiction)
linked to: Nigerian naira
Aba North usesCurrency Nigerian naira
Bende usesCurrency Nigerian naira
Ahiazu Mbaise currency Nigerian naira
Ideato South usesCurrency Nigerian naira
Ezinihitte Mbaise usesCurrency Nigerian naira
Nwangele usesCurrency Nigerian naira
Odogbolu usesCurrency Nigerian naira
Owerri North usesCurrency Nigerian naira
Ijebu East usesCurrency Nigerian naira
Idumota Market currencyUsed Nigerian naira
Ipetu Ijesa currency Nigerian naira
Ikeji Ile currency Nigerian naira
Nkwerre currency Nigerian naira
Odukpani usesCurrency Nigerian naira
Etung usesCurrency Nigerian naira
Ijebu Ijesa currency Nigerian naira
Enugu South usesCurrency Nigerian naira
Ifo usesCurrency Nigerian naira
Tarkwa Bay Beach currencyUsed Nigerian naira
West Central State currency Nigerian naira
Irepodun usesCurrency Nigerian naira
Ifelodun usesCurrency Nigerian naira