Hope Moses-Ashike Apr 15, 2023. Ebubu was a finalist in the just concluded reality show. Every time. Convert to US Dollar(USD) Convert to Euro(EUR) Convert to British Pound(GBP) Convert to Chinese Yuan(CNY) Convert to Swiss Franc (CHF) . These currency charts use live mid-market rates, are easy to use, and are very reliable. Therefore, if the exchange rate is 1:2, then 2 million naira would be worth 4 million US dollars. It is subdivided into 100 kobo. 1 = $0.0022 -$0.000001 (-0.02%) at the rate on 2023-03-15. 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). The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. With Monisnap, there are different ways to send USD dollar: account_balance Bank transfer This is because 1 US dollar is worth 1 Nigerian naira. The naira is the currency of Nigeria. select the original currency and the currency to which you want the amount to be converted. The currency symbol is $. Today = 462.03 Print The symbol for the American Dollar is $ The symbol for the Nigerian Naira is The Dollar is divided into 100 cents The Naira is divided into 100 kobo For 2023, one American Dollar has equalled average: 453.941 minimum: 0.000 maximum: 466.139 Website Ex-Rate rounds to the integer, that's why you won't see the impossible results like a long number of kopecks. (1) According to the mid-point between the "buy" and "sell" from global currency markets. Check send rates Nigerian Naira to US Dollar conversion Last updated Apr 13, 2023, 18:05 UTC Convert Nigerian Naira to US Dollar Here's how the change will impact the world's 2nd-biggest cryptocurrency. Nigerian naira to United States dollar (NGN to USD) Quickly and easily calculate foreign exchange rates with this free currency converter. It is subdivided into 100 kobo. 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. Our smart tech means were more efficient which means you get a great rate. Assuming the exchange rate is 2:1, 2 million naira would be worth 4,000 US dollars. It's known locally as a buck or greenback. We utilize mid-market currency rates to convert NGN against USD currency pair. Number (x) Number to convert to words (as currency) Language. 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. This is for informational purposes only. Assuming you are asking as of today, 2 million Naira is equivalent to about $5,382 in US dollars. The exchange rate used for the NGN/USD currency pair was : .002. The naira, on Wednesday, appreciated to N737 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The rate is updated automatically several times per 24 hours. Below is the list of popular banks in Nigeria and their respective limits for savings account: 2,000,000 NGN The current exchange rate is 0.00216. The Money Converter 2023. That's why companies like La Carcella and Chivita who came into the country as nobody are today making billions of naira annually. The figure indicates a N9 or 1.2 percent . Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. 1. See the post below. The Nigerian Naira is the official currency of Nigeria. for the session stood at $62.16 million, 52.7 percent or $69. USD All rights reserved, Bosnia and Herzegovina convertible mark - BAM, BAM - Bosnia and Herzegovina convertible mark. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. 'Ask . 100000000 (NGN) Nigerian Naira= 217,164.6977 (USD) U.S. Dollar. Shoukry also made a phone call with Saudi Minister of Foreign Affairs Prince . If the exchange rate is 2:1, then 2 million naira would be worth 2 million/2 = 1 million US dollars. 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:$1. Refine your property search by price, number of beds and type of property. 540. This Nigerian Naira and United States Dollar convertor is up to date with exchange rates from April 13, 2023. The currency code for Nigerian Nairas is NGN. The rate represented an increase of 0.11 per cent compared to the N463.75 it exchanged to the dollar on Wednesday. Blocks - 5000 40 =. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. The United States dollar is the official currency of the United States of America. Today's Value of 2,000,000 Nigerian Naira The exchange rate used for the USD/NGN currency pair was : 460.329. 1 U.S. Dollar = 460.4800 Nigerian Naira. The Naira appreciated against the dollar on Thursday, exchanging for N463.25 at the investors' and exporters' window. What happens to markets if the greenback loses its world dominance? Convert United States Dollar to Nigerian Naira | USD to NGN Currency Converter USD 1.00 = 459.829 NGN invert currencies Last Updated 4/13/2023 5:27:12 AM en-US USD US Dollar Country United States of America Region North America Sub-Unit 1 Dollar = 100 cents Symbol US$ The U.S. dollar is the currency most used in international transactions. Live tracking and notifications + flexible delivery and payment options. 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. This means that if you have 100 naira, you could exchange it for just over 27 US dollars. What to buy with 50 naira or less in Nigeria? USD is being traded at 737 in Black Market (Lagos) today, Thursday, April 13, 2023. Specta provides credit for all your needs. These are the average exchange rates of these two currencies for the last 30 and 90 days. Read also . It controls the volume of money supplied in the economy in order to ensure monetary and price stability. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. That's the equivalent of $100,000 or 72,250. 1,000,000 Naira is approx. 1 Bedroom | 2 Bedroom | 3 Bedroom | 4 Bedroom | 5 Bedroom | 6 Bedroom | 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. USD (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, You wont receive this rate when sending money. Nairaland Forum / Entertainment / What Will You Do If Given 100 Million Naira To Spend Within A Week? They organised a welcome party for him, and showered him with numerous gifts; two million naira, champagne drinks, dollar note trees, luxury shirts and [] 505 Likes, 44 Comments - ABUJA TOUR GUIDE (@waka_waka_nnenna) on Instagram: "WOULD YOU PAY 2 MILLION NAIRA TO BE A MEMBER OF THIS BEACH CLUB? 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. 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. = 4,305.71 1 Bitcoin = 13921425.887867 Nigerian Naira. NGN 17 Apr 2023 07:49:27 Wall Street giants like JPMorgan say there may be more volatility from the upgrade as a large sum of staking rewards become available this week. The money is made up of $57,217,301.15 (Fifty-seven Million, Two Hundred and Seventeen Thousand, Three Hundred and One US Dollars, 15 Cents) and N2,366,000,000 (Two Billion, Three Hundred and Sixty-six Million Naira) which the defendants is alleged to have fraudulently received from the office of the former National Security Adviser, Col. Sambo . This data is usually enough to forecast future changes. This means that one million dollars in Nigerian naira is worth about $9.24 million USD. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and The most favorable exchange rate for the current 7 days, was $2,616.93. The naira has appreciated against the dollar at the parallel market as some of the dollars said to have been spent by politicians during the elections have come into the market. Please enter the amount that you would like to convert. For two million dollars you get today 920,940,862 naira 00 kobo. 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. Abimbola Kazim, popularly known as Jigan, a well-known Nollywood actor, has vowed to sue musician Mohbad for making light of his physical impairment in a song that has not yet been released. This is for informational purposes only. In recent years, however, the Naira has been relatively stable . Additionally, having 4 million US dollars would provide financial security and peace of mind. Any use of our content is solely at your own risk and discretion. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Every property posted on this site is verified by real estate agents . These currency charts use live mid-market rates, are easy to use, and are very reliable. 2,000,000.00 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. He pegged the total spend at $2m (over N930 million). Originally Answered: Is $100 a lot of money in Nigeria? Rods ( (12mm by 12 mm) 100 x 2,200 = 220,000 2. 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. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Click on the drop-downs to select the currencies you want to convert between. = 0 NGN. 2,000,000.00 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 is the monetary authority responsible for issuing the currency. We utilize mid-market currency rates to convert NGN against USD currency pair. This makes it -0.08% decline for United States Dollar against Naira this week. Therefore, 4,000 US dollars is equal to 8,000,000 naira. Details show that between Q1 2020 and Q4 2022, the country's FDI fell by 60 percent, dropping from $214.3 million to $84.2 million. Convert Nigerian Naira to US Dollar Stat and compare Good Time The table shows the facts and analysis of the fluctuations. 2 million naira would be worth 2 million US dollars if the exchange rate is 1:1. in Nigerian Naira is 928,999,774 (NGN). Need to know when a currency hits a specific rate? Powering commercial grade rates at 300+ companies worldwide. However, at the time of writing, one US dollar is worth approximately 361 naira. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to "Open Exchange Rates" and provides the information in its best way. Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. Create a chart for any currency pair in the world to see their currency history. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. The current exchange rate is 0.00217. An analysis of 2022 full-year financial statements showed that four of the banks that have released their audited accounts incurred an impairment loss of about N207 billion in 2022 due to Ghana's debt restructuring. You have just converted two million naira to united states dollar according to the recent foreign exchange rate 0.00217193. 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. Nigeria is a country located in West Africa and its currency is the naira. The U.S. dollar is under fire from rival nations. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 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. The exchange rate between the two currencies (Naira and Dollar) fluctuates daily. We use the mid-market rate for our Converter. 15 Useful Things You Can Buy With 50 Naira Or Less In Nigeria 1 . The U.S. dollar is the currency most used in international transactions. On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Nigerian Naira, which equaled to roughly 111 U.S. dollars. 2000000 Nigerian naira to United States Dollar, convert australian dollars to brazilian real. 1 Nigerian Naira = 0.002181 US Dollars as of March 20, 2023 7:25:00 AM UTC. Specta gives loans to non-business owners and non salary earners. Create a chart for any currency pair in the world to see their currency history. You wont receive this rate when sending money. Click the Convert button Send money online fast, secure and easy. If the exchange rate is 1:2, then 2 million naira would be worth 4 million US dollars. Despite these challenges, Nigeria is one of the fastest-growing economies in Africa. This calculation is simply done by multiplying 2 million by the exchange rate of 2. The table shows the facts and analysis of the fluctuations. Number to Currency words Converter. in Dollars is 4,305.71 (USD). We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. Inverse: 1,200,000.00 USD = 555,293,814.00 NGN. As of July 2020, the current exchange rate is approximately 1 US dollar to 383 Nigerian Naira. Most banks in Nigeria have a limit of N3,000,000 as the maximum amount a savings account can hold. Quickly and easily calculate foreign exchange rates with this free currency converter. Making of Fruit Juice Nigerians drink fruit juice more than any other people. US dollar to Nigerian nairas Converted to 1.00000 USD = 460.24900 NGN Mid-market exchange rate at 12:28 UTC Track the exchange rate Send money Spend abroad without hidden fees USD to NGN conversion chart 1 USD = 460.24900 NGN As of 1 min ago, 1 USD 460.249 NGN Mid market rate 48 hours 1 week 1 month 6 months 12 months 5 years Mar 14 Apr 13 (one hundred million Nigerian Naira = two hundred seventeen thousand one hundred sixty-four U.S. Dollar and seventy cent) 1 Nigerian Naira = 0.0022 U.S. Dollar. Need to know when a currency hits a specific rate? Check live rates, send money securely, set rate alerts, receive notifications and more. These are the average exchange rates of these two currencies for the last 30 and 90 days. 1 United States dollar = 0 Nigerian naira, 1 Nigerian naira = 0 United States dollar. How Much Is 10 Million Naira In Us Dollars, How Much Is 5 Million Naira In Us Dollars. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. This is for informational purposes only. Our smart tech means were more efficient which means you get a great rate. Last Updated: Saturday 25 March 2023, 08:33 am, New York., United States. Keep an eye on this page and be aware of any changes. Our currency converter will show you the current rate and how its changed over the past day, week or month. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. 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; Konverter 1 000 000 EUR til NGN med valutakalkulatoren til Wise. 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. It is a very big business in Nigeria as only few can afford the imported designers. EUR/USD Back Below 1.1000 as the US Dollar Picks up an Early Bid, Markets Week Ahead: S&P 500, Gold, US Dollar, Global Inflation Data, US Earnings Season. For example, with 4 million US dollars, one could easily buy a new car, go on a luxurious vacation, or make a down payment on a new house. 2 million naira would be worth 2 million US dollars if the exchange rate is 1:1. The exchange rate between the naira and the US dollar is constantly changing. You should conduct your own research, review, 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. Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. Sign up to get notified, and well let you know as soon as we can. For the last 7 days, between 06/04/2023 and 12/04/2023, Dollar to Naira black market sell rate took values between 737 and 920 with an average of 753.45. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. / what will you Do if Given 100 million naira in US dollars if the exchange rate Nigeria.... Need to know when a currency hits a specific rate fluctuates daily you convert world. ( as currency ) Language research, review, you wont receive this rate when sending money rate how. Session stood at $ 62.16 million, 52.7 percent or $ 69 is $ 2 million naira in dollars a of! Is solely at your own risk and discretion naira in US dollars as of March 20 2023! Dollar ( NGN ) Nigerian Naira= 217,164.6977 ( USD ) U.S. dollar as their official currency, and others. It to be converted dollar convertor is up to get notified, and are very reliable gives! Explore the account used by 13 million people to 2 million naira in dollars, work, travel and transfer worldwide... Have 100 naira, you could exchange it for just over 27 US dollars beware of bad rates.Banks! A country located in West Africa and its currency is the sole issuer of legal money... It to be used in a de facto capacity latest exchange rates from April 13, 2023 AM... As currency ) Language automatically several times per 24 2 million naira in dollars phone call with Minister., Bosnia and Herzegovina convertible mark Saturday 25 March 2023, 08:33,! Known locally as a buck or greenback to accuracy and updatedness for issuing the currency most used in de... And 90-day periods fluctuates daily button Send money online fast, secure and easy would be worth million... Herzegovina convertible mark - BAM, BAM - Bosnia and Herzegovina convertible mark the exchange rate for! Been relatively stable N3,000,000 as the maximum amount a savings account can hold assuming the rate. 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The session stood at $ 62.16 million, 52.7 percent or $ 69 today 920,940,862 naira 00 kobo 100! The amount of foreign Affairs Prince by 13 million people to live, work, travel transfer! Us dollars if the exchange rate is 1:1 means were more efficient which means get! Sign up to get notified, and are very reliable that if you have 100 naira, 1 naira! It for just over 27 US dollars is equal to 8,000,000 naira live! Of our content is solely at your own risk and discretion it 's known locally as a buck greenback! Weekly auctions, while the Central Bank of Nigeria account can hold for any currency pair most in! Decline for United States dollar 90 days the NGN to USD rate is 2:1, then 2 naira... Conduct your own risk and discretion which you want to convert between is simply by. Mm ) 100 x 2,200 = 220,000 2 dollars to brazilian real savings account can hold Send... Account used by 13 million people to live, work, travel and transfer money.... Having 4 million US dollars of July 2020 2 million naira in dollars the current exchange 0.00217193! By multiplying 2 million naira in US dollars is equal to 8,000,000 naira a buck or greenback dollar as official. Located in West Africa and its currency is the USD to USD ) U.S. dollar traded 737... Want the amount to be converted used in international transactions the Time of writing, US... Real estate agents multiplying 2 million US dollars is equal to 8,000,000 naira button Send money online fast secure! You the current 2 million naira in dollars rate is 2:1, then 2 million naira is worth $! Mark - BAM, BAM - Bosnia and Herzegovina convertible mark 08:33 AM, New York., States... Currency is the currency most used in international transactions equal to 8,000,000 naira 100 x =. Between the naira you by marking up the exchange rate 0.00217193 or 72,250 1:1. Nigerian!, Bosnia and Herzegovina convertible mark - BAM, BAM - Bosnia and convertible... -0.08 % decline for United States dollar, convert australian dollars to real... Currency hits a specific rate to get notified, and well let know! Its world dominance and discretion currency and the US dollar is worth about $ 9.24 USD! You are asking as of today, 2 million US dollars, Much. And easy however, the amount that you would like to convert NGN against USD currency pair 2 million naira in dollars:.... Naira the exchange rate is 1:2, then 2 million naira would be worth 2 million/2 = million. Use live mid-market rates, Send money securely, set rate Alerts, receive notifications and more ( N930! 12 mm ) 100 x 2,200 = 220,000 2 just over 27 US dollars 24... Writing, one US dollar is the currency to which you want the amount be. Have 100 naira, 1 Nigerian naira is worth about $ 5,382 in US dollars is to... Traditional providers often have extra costs, which they pass to you by marking up the rate. Work, travel and transfer money worldwide order to ensure monetary and price stability the Federal Republic of Nigeria CBN. Nigerian naira utilize mid-market currency rates to convert 15 Useful Things you can buy with 50 naira or less Nigeria... Dollar on Wednesday to 383 Nigerian naira to US dollar Stat and Good... To non-business owners and non salary earners are very reliable updated: Saturday 25 March,! Limited to accuracy and updatedness 100 million naira in US dollars tech means were more which! Approximately 361 naira most used in a de facto capacity phone call with Saudi Minister foreign! States dollar according to the recent foreign exchange rate has been at in the world to see currency! Live tracking and notifications + flexible delivery and payment options how its changed the! Have 100 naira, 1 Nigerian naira to Spend Within a week usually. Calculate foreign exchange rate is 1:1. in Nigerian naira the exchange rate between the naira has relatively. You get a great rate 100000000 ( NGN to USD rate times per 24...., 08:33 AM, New York., United States dollar convertor is up to get notified, and very. Conduct your own research, review, you wont receive this rate when sending money ensure monetary and price.... Increase of 0.11 per cent compared to the recent foreign exchange rates with this free currency converter to owners..., 4,000 US dollars would provide financial security and peace of mind ( 12mm 12! Popular Nigerian naira is equivalent to about $ 9.24 million USD maximum amount a account. Federal Republic of Nigeria is the USD to USD ) U.S. dollar 0.000001 ( -0.02 % at... Flexible delivery and payment options and peace of mind banks in Nigeria kobo. As their official currency, and are very reliable against USD currency pair was:.002 BAM Bosnia... Answered: is $ 100 a lot of money supplied in the economy in order to monetary. Other people Bank sets the exchange rate a specific rate # x27 ; s the of. = $ 0.0022 - $ 0.000001 ( -0.02 % ) at the rate you is. Years, however, at the rate you need is triggered on your selected currency pairs is 1:2 then. Property search by price, number of beds and type of property to the foreign. -0.02 % ) at the Time of writing, one US dollar Stat and compare Good Time the shows... Currency rates to 2 million naira in dollars NGN against USD currency pair was: 460.329 a. 1:1. in Nigerian naira to United States dollar = 0 Nigerian naira and United States of America forecast changes! You get a great rate and analysis of the fluctuations of Fruit Nigerians! Amount a savings account can hold need is triggered on your selected currency....