100 Million Naira in Dollars (2024)

100,000,000 NGN = 60,622 USD August 1, 2024 10:00 PM UTC

One hundred million Nigerian Nairas are worth $60,622 today as of 10:00 PM UTC.Check the latest currency exchange rates for the Nigerian Naira, US Dollar and all major world currencies. Our currency converter is simple to use and also shows the latest currency rates.

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100,000,000Nigerian Nairas=60,622US Dollars

1 NGN = 0.0006062 USD1 USD = 1,649.57 NGN

Last update 2024-8-1 10:00 PM UTC

InvertNGN to USD Conversion Chart

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  • 1Y
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This chart shows data from 2023-8-1 to 2024-7-31. The average exchange rate over this period was 0.0009781 US Dollars per Nigerian Naira.

What was the highest NGN to USD exchange rate in the lastyear?

The high point for the NGN/USD ratewas 0.001342 US Dollars per Nigerian Naira on September 12, 2023.

What was the lowest NGN to USD exchange rate in the lastyear?

The low point was 0.0006127 US Dollars per Nigerian Naira on July 31, 2024.

Is NGN up or down compared to USD in the lastyear?

The NGN/USD rate is down -53.53%. This means the Nigerian Naira has decreased in value compared to the US Dollar.

View History Table

NGN to USD Exchange Rates

Last 30 DaysLast 90 Days
High$0.0006614$0.0007388
Low$0.0006127$0.0006127
Avg$0.0006381$0.0006693
Volatility-7.33%-17.07%
Download History

Convert NGN to USD

Nigerian Naira US Dollar
₦1,000$0.6062
₦5,000$3.0311
₦10,000$6.0622
₦15,000$9.0933
₦20,000$12.124
₦25,000$15.155
₦50,000$30.311
₦100,000$60.622
₦500,000$303.11
₦1,000,000$606.22
₦2,500,000$1,515.54
₦5,000,000$3,031.08
₦10,000,000$6,062.17
₦25,000,000$15,155
₦50,000,000$30,311
₦100,000,000$60,622

Convert USD to NGN

US Dollar Nigerian Naira
$11,649.57
$58,247.87
$1016,496
$1524,744
$2032,991
$2541,239
$5082,479
$100164,957
$500824,787
$1,0001,649,574
$2,5004,123,936
$5,0008,247,872
$10,00016,495,744
$25,00041,239,361
$50,00082,478,722
$100,000164,957,444

NGN to USD History Rates by Year

To view rates between the Nigerian Naira and the US Dollar for a particular year, click on one of the links below.

  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

How to Convert Nigerian Nairas to US Dollars?

You can convert Nigerian Nairas to US Dollars by using the exchange-rates.org currency converter in just one easy step.Simply enter the amount of NGN you want to convert to USD in the box labeled "Amount", and you’re done!You’ll now see the value of the converted currency according to the most recent exchange rate.

NGN to USD Currency Converter - FAQs

How much is 1 in USD?

1 Nigerian Naira = 0.0006062 US Dollars as of August 1, 2024 10:00 PM UTC.You can get live exchange rates between Nigerian Nairas and US Dollars using exchange-rates.org,which aggregates real-time forex data from the most authoritative sources.

How much is 100,000,000 in USD?

100,000,000 Nigerian Nairas = 60,622 US Dollars as of August 1, 2024 10:00 PM UTC.

What was the highest NGN to USD exchange rate in the last 10 years?

In the last 10 years, the highest rate from Nigerian Nairas to US Dollars was on January 8, 2015 when each Nigerian Naira was worth $0.005556 USD.

When is the best time to convert NGN to USD?

The NGN and USD can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. Exchange rates can fluctuate by the minute while markets are open. However, the time between 3-4 PM GMT is often a good time to convert Nigerian Nairas to US Dollars because currency market liquidity and trading volume tend to be the highest during this time. Also, it’s best to convert Nigerian Nairas to US Dollars early in the week if you need US Dollars urgently. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends.

Which is stronger, NGN or USD?

The US Dollar is currently stronger than the Nigerian Naira given that 1 USD is equal to 1,649.57 NGN.Conversely, 1 NGN is worth 0.0006062 USD.

Is the Nigerian Naira up or down against the US Dollar?

The Nigerian Naira isdown -45.49%year to date against the US Dollar.In the last 10 years, the Nigerian Naira isdown -88.91%against the US Dollar.As a result, the Nigerian Naira haslostpurchasing power compared to the US Dollar over the last 10 years.

More NGN Conversions

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NGN to IDR

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NGN to INR

NGN to JPY

NGN to KRW

NGN to MXN

NGN to NOK

NGN to NZD

NGN to PLN

NGN to SAR

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NGN to SGD

NGN to THB

NGN to TRY

NGN to TWD

NGN to USD

Why Trust Us?

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100 Million Naira in Dollars (2024)

FAQs

Is 200 dollars a lot in Nigeria? ›

200 USD translates to N72,000 at today's exchange rate of N360/$1 So let me answer that from a Lagos perspective: With N72,000 in your pocket: That's an average of 28 uber trips or One night at a really good hotel or a weekend in a less than average one Or Congrats, you can get a whopping 220GB worth of…

How much is $100 US worth in Nigeria? ›

Download Our Currency Converter App
Conversion rates US Dollar / Nigerian Naira
100 USD157,422.00000 NGN
250 USD393,555.00000 NGN
500 USD787,110.00000 NGN
1000 USD1,574,220.00000 NGN
8 more rows

How far does $1 go in Nigeria? ›

1 USD = 1,583.976267 NGN Aug 17, 2024 20:28 UTC

Check the currency rates against all the world currencies here.

Is $100 dollars a lot of money in Nigeria? ›

100 dollars is huge amount of Money in Nigeria compare to the value of Nigerian currency and exchange rate. To buy some food, yes it can be a lot. However, it won't get you very far in a city like Lagos (food wise). Abuja is cheaper though.

How much is considered rich in Nigeria? ›

7m To Consider Yourself Rich In Nigeria – - Family - Nairaland. For a Nigerian to break into the one percent population of the wealthy, it will now take a net worth of $70,000 (N28. 7 million), according to the latest Knight Frank Wealth Report.

How much do Nigerians make per month? ›

Nigerian Salary
Annual SalaryMonthly Pay
Top Earners$61,000$5,083
75th Percentile$42,000$3,500
Average$39,804$3,317
25th Percentile$30,000$2,500

How much is $1 in Nigeria? ›

Download Our Currency Converter App
Conversion rates US Dollar / Nigerian Naira
1 USD1,589.97000 NGN
5 USD7,949.85000 NGN
10 USD15,899.70000 NGN
20 USD31,799.40000 NGN
8 more rows

How much is $1000 American in Nigeria? ›

Download Our Currency Converter App
Conversion rates US Dollar / Nigerian Naira
1000 USD1,573,850.00000 NGN
2000 USD3,147,700.00000 NGN
5000 USD7,869,250.00000 NGN
10000 USD15,738,500.00000 NGN
8 more rows

How much does it cost to build a house in Nigeria in US dollars? ›

Cost Range:

Expect a range of ₦12 Million to ₦17 Million (Nigerian Naira) for a standard 1-story house with basic finishes in Lagos. This translates roughly to $28,000 to $40,000 USD (US Dollars) based on current exchange rates (be aware that exchange rates fluctuate).

What can 100 naira buy in Nigeria? ›

Here is a list of items you can buy in Nigeria for 100 NGN:
  • A loaf of bread - 100 NGN.
  • A bottle of water - 100 NGN.
  • A small bag of snacks - 100 NGN.
  • A bus ticket - 100 NGN.
  • A newspaper - 100 NGN.
  • A phone call - Varies (typically a few NGN per minute)
  • A piece of fruit - Varies (e.g., a small banana may cost around 50 NGN)
Oct 12, 2023

How much to retire in Nigeria? ›

So, for you to attain complete financial independence, you'd need N1. 2 Million multiplied by 25 (or divided by 4%), this gives N30 Million. From this illustration, a person whose annual household expense is N1. 2 Million, would need N30 Million to be financially free and thus ready to retire.

How much money do you need to live comfortably in Nigeria? ›

Summary of cost of living in Nigeria: A family of four estimated monthly costs are 1,988.2$ without rent. A single person estimated monthly costs are 547.5$ without rent. Cost of living in Nigeria is, on average, 57.5% lower than in United States.

Is $150 a lot of money in Nigeria? ›

1 dollar to Nigerian Naira last I checked was 543 but to be on the safe side let's just say 550. So that is 150 x 550=82,500 Naira. This is a very good amount and enough to groceries, transport, hang out with friends ( in not so expensive locations) watch a movie, travel within states, buy airtime, b…

Is it wise to save in dollars in Nigeria? ›

The US dollar is the most stable, valuable and used currency globally. Saving dollars in Nigeria is a sure way to beat the effect of inflation on the naira and retain the value of your money. Everyone needs to learn how to save US dollars in Nigeria to always be on the safe side.

How much can 1 dollar buy in Nigeria? ›

Download Our Currency Converter App
Conversion rates US Dollar / Nigerian Naira
1 USD1,589.97000 NGN
5 USD7,949.85000 NGN
10 USD15,899.70000 NGN
20 USD31,799.40000 NGN
8 more rows

What's the average cost of living in Nigeria? ›

On average, the monthly cost of living in Nigeria for an individual is roughly US$120. For the family the average cost of living in Nigeria is about US$359. The costs of utilities and security are often covered by employers, but there may be extra expenses to consider.

Is American money worth a lot in Nigeria? ›

As of December 2018, the US dollar is worth about 360 times more than One Nigerian Naira. It's easy to assume this is the way it should be, and that's why history lessons are important. In 1972, when the Naira was created, it was worth almost twice the dollar.

How rich is Nigeria in dollars? ›

In 2022, Nigeria's GDP was worth 252.7 billion U.S. dollars, while the gross domestic product per capita equalled 1,100 U.S. dollars. Nigeria has Africa's largest population and is the 23rd African country with the highest GDP per capita. It is also fourth on the continent in terms of total GDP.

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