Back to Glossary
General TradingN
Nigerian Naira (NGN)
The Nigerian Naira is the official currency of Nigeria, abbreviated as NGN in forex markets. As Africa's largest economy, Nigeria's currency is influenced by oil exports, central bank policy, and foreign exchange reserves.
Example
“The Nigerian Naira fell sharply against the US dollar after the central bank unified its multiple exchange rate windows into a single market-driven rate.”