Nigerian Naira to US Dollar | Bank

The Nigerian Naira (NGN) is the official currency of Nigeria. It was introduced in 1973 to replace the Nigerian pound. The currency is regulated by the Central Bank of Nigeria. The term "Naira" is derived from the word "Nigeria", while "kobo", its subunit, means "penny" in Hausa language.

The US dollar (USD) is the official currency of the United States of America (USA). It is the most widely used currency in international transactions and is the world's reserve currency. The US dollar is issued by the Federal Reserve System (Fed) and is divided into 100 cents. It is known for its stability and global influence in the financial markets.