Convert Euro to Nigerian Naira
Please provide values below to convert Euro [EUR] to Nigerian Naira [NGN], or Convert Nigerian Naira to Euro.
How to Convert Euro to Nigerian Naira
1 EUR = 0.000557064339526632 NGN
Example: convert 15 EUR to NGN:
15 EUR = 15 × 0.000557064339526632 NGN = 0.00835596509289948 NGN
Euro to Nigerian Naira Conversion Table
| Euro | Nigerian Naira |
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Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.