Blocks - 5000 40 =. 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). Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and . Click on the drop-downs to select the currencies you want to convert between. This is because 1 US dollar is worth 1 Nigerian naira. But what else can you buy with a million dollars in Nigerian naira? The naira strengthened to 735 per dollar on Friday, compared to 742/$1 on Tuesday, at the parallel market, also known as the black market. Assuming the current exchange rate is 1 USD to 380 NGN, then you could buy 2,000,000 / 380 = 5,263.16 USD with 2 million NGN. Today's Value of 2,000,000 Nigerian Naira We utilize mid-market currency rates to convert USD against NGN currency pair. 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. He pegged the total spend at $2m (over N930 million). Social media users react to Burna Boy's alleged earnings. You can literally buy a private jet with this amount of money! You can equally check your Specta Credit Score before you apply. The rate is updated automatically several times per 24 hours. 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 In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. Currency traders in the unauthorized parallel market offered naira at rates between 830 to 850 per dollar on Wednesday in Lagos, said Umar Salisu, a bureau de change operator who tracks the. Nonetheless, this amount is dependent upon the bank you are using. Nigeria's Finance Minister Zainab Ahmed has repeatedly warned about the high cost of gasoline subsidies, saying the bill could reach $16.2 billion in 2023. The currency value will be displayed in the chosen language. Assuming the exchange rate is 2:1, 2 million naira would be worth 4,000 US dollars. Specta gives loans to non-business owners and non salary earners. You wont receive this rate when sending money. 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. 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. Most banks in Nigeria have a limit of N3,000,000 as the maximum amount a savings account can hold. 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. What happens to markets if the greenback loses its world dominance? Originally Answered: Is $100 a lot of money in Nigeria? See the post below. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Use "Swap currencies" to make United States Dollar the default currency. Convert Nigerian Naira To United States Dollar 1 NGN = 0.002172 USD Apr 12, 2023 09:23 UTC Send Money Check the currency rates against all the world currencies here. Nigeria is a country located in West Africa and its currency is the naira. Quickly and easily calculate foreign exchange rates with this free currency converter. Burna Boy was paid a whopping 558 million naira (750k dollars) to perform at the Coachella Music Festival for 50 minutes, 2 nights agoOdogwu is a big nam. However, at the time of writing, one US dollar is worth approximately 361 naira. This is for informational purposes only. We utilize mid-market currency rates to convert NGN against USD currency pair. Don't forget to look at and compare exchange rates from other banks available from . Quick conversion table showing conversion rates between NGN USD pair. Assuming the current exchange rate is 1 USD to 380.50 NGN, you would need 5,263.58 USD to buy 2 million naira worth of US dollars. You won't receive this rate when sending money. When we compare today's (13/04/2023) values with the last 7 days, average Dollar to Naira rate had a 18.45 points decrease from 753.45 to 735.00 which corresponds to a 2.45% fall. We use the mid-market rate for our Converter. USD - US Dollar 1.00 Nigerian Naira = 0.00 21720842 US Dollars 1 USD = 460.387 NGN We use the mid-market rate for our Converter. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. On this day a year ago, they gave 499,068,300.00 naira for $1,200,000.00 us dollars, which is 54,731,700.00 less than it is today. That's why companies like La Carcella and Chivita who came into the country as nobody are today making billions of naira annually. What to buy with 50 naira or less in Nigeria? They organised a welcome party for him, and showered him with numerous gifts; two million naira, champagne drinks, dollar note trees, luxury shirts and [] Making of Fruit Juice Nigerians drink fruit juice more than any other people. Today's Value of 2,000,000 Nigerian Naira in Dollars is 4,342.73 (USD). It's known locally as a buck or greenback. 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. List of materials and how much dem go chop to build bungalow for Eastern Nigeria. The Nigerian Naira recorded a mixed trading day on Friday, with gains at the unofficial market and losses at the official market. = 928,999,774.00 This means that if you have 100 naira, you could exchange it for just over 27 US dollars. 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. However, an update making the rounds online disclosed that the self-acclaimed African giant allegedly earned 750,000 dollars for his 50-minute performance. 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. Few hours ago, his fans celebrated him. Today's Value of 2,000,000 Dollars in Nigerian Naira is 920,658,808 (NGN). You should conduct your own research, review, Refine your property search by price, number of beds and type of property. However, this rate can change quickly due to political and economic conditions in Nigeria and around the world. The Nigerian Naira has been historically unstable, so its value relative to the US dollar has varied greatly over time. Sponsored These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. With Monisnap, there are different ways to send USD dollar: account_balance Bank transfer In recent years, however, the Naira has been relatively stable . Specta provides credit for all your needs. Cement - 400 x 2500 = 1,000,000 3. Check send rates US Dollar to Nigerian Naira conversion Last updated Apr 13, 2023, 03:18 UTC Convert US Dollar to Nigerian Naira The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. Nigerian naira to United States dollar (NGN to USD) Quickly and easily calculate foreign exchange rates with this free currency converter. 1,000,000 Naira is approx. Create a chart for any currency pair in the world to see their currency history. Last Updated: Saturday 25 March 2023, 08:33 am, New York., United States. A million dollars in Nigerian naira is equivalent to about 924,000,000. If the exchange rate is 1:2, then 2 million naira would be worth 4 million US dollars. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. (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. And with our daily summaries, youll never miss out on the latest news. Powering commercial grade rates at 300+ companies worldwide. USD is being traded at 737 in Black Market (Lagos) today, Thursday, April 13, 2023. This is for informational purposes only. 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. Receive daily email about the NGN USD exchange rate. NGN A spot exchange rate of N466 was used . Simply type in the box how much you want to convert. A bull and a bear weigh in and share 3 top picks. How Much Is 10 Million Naira In Us Dollars, How Much Is 5 Million Naira In Us Dollars. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. Reverse : 2000000 NGN to USD, This website uses cookies to ensure you get the best experience on our website. The Nigerian Naira has been historically unstable, so its value relative to the US dollar has varied greatly over time. 2,171.46 US Dollars Updated on 02/02 11:00 1Naira / 1Naira Convert Nigerian Naira to US Dollars Convert Nigerian NairaNGN) to US Dollars (USD) at the current exchange rate. Quickly and easily calculate foreign exchange rates with this free currency converter. One US dollar is made up of 100 cents and is often represented by the symbol $. According to Davido, he has only spent about $300k (over N139 million) on the Timeless album and he has made a lot more profit than that. Check live rates, send money securely, set rate alerts, receive notifications and more. Number to Currency words Converter. 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? Here's how the change will impact the world's 2nd-biggest cryptocurrency. The Naira appreciated against the dollar on Thursday, exchanging for N463.25 at the investors' and exporters' window. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. @breeze.lagos While in Lagos, ." ABUJA TOUR GUIDE on Instagram: "WOULD YOU PAY 2 MILLION NAIRA TO BE A MEMBER OF THIS BEACH CLUB? 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. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. 540. Therefore, 4,000 US dollars is equal to 8,000,000 naira. Assuming you are asking as of today, 2 million Naira is equivalent to about $5,382 in US dollars. These are the average exchange rates of these two currencies for the last 30 and 90 days. USD The naira is the currency of Nigeria. The naira, on Wednesday, appreciated to N737 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. Nigeria is a developing country located in West Africa with a population of over 200 million people. Ethereum's highly-anticipated network upgrade is here. 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; Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Sanctions and trade boycotts have forced Moscow to reorient away from the West, and data shows the economy has weakened dramatically since 2022. USD has been traded at 745 when Black Market opened this week on Monday, April 10, 2023. The Central Bank of Nigeria is the monetary authority responsible for issuing the currency. This is for informational purposes only. The exchange rate between the Nigerian Naira and US dollar fluctuates daily. Konverter 1 000 000 EUR til NGN med valutakalkulatoren til Wise. How much is 100 in USD? If converted to naira(NGN) money it will amount to #36,000.00 which is beyond the minimum wage of an average Nigeria worker at #30,000.00. 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. Nairaland Forum / Entertainment / What Will You Do If Given 100 Million Naira To Spend Within A Week? 1 Nigerian Naira = 7.1831722415126E-8 Bitcoin. The currency symbol is . The exchange rate used for the USD/NGN currency pair was : 464.5. Convert 2000000 NGN to USD. Convert 2000000 Nigerian naira to US Dollar using latest Foreign Currency Exchange Rates. 3. The currency symbol is . @breeze.lagos While in Lagos, I checked out this gorgeous beach house . The most favorable exchange rate for the current 7 days, was $2,616.93. Yes, it is a lot of money in Nigeria. Send money online fast, secure and easy. As of July 2020, the current exchange rate is approximately 1 US dollar to 383 Nigerian Naira. The rate represented an increase of 0.11 per cent compared to the N463.75 it exchanged to the dollar on Wednesday. A bull and a bear weigh in and share 3 top picks. 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. 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. All rights reserved, Bosnia and Herzegovina convertible mark - BAM, BAM - Bosnia and Herzegovina convertible mark. Our smart tech means were more efficient which means you get a great rate. The singer, however, noted that he has learnt better with his current project and has managed to achieve more with less spending. Houses for sale Houses For Sale in Nigeria We have a total of 42,877 Houses For Sale in Nigeria as seen on 13 Apr 2023. Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. The open indicative rate closed at N463.50 to the dollar on Thursday. The Winklevoss twins have lent $100 million of their own money to keep their Gemini exchange afloat as venture funding slows. It is subdivided into 100 kobo. Please enter the amount that you would like to convert. 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Spend Within a week represented an increase of 0.11 per cent compared to US... Or greenback Africa with a million dollars in Nigerian naira recorded a trading. Weigh in and share 3 top picks amount a savings account can hold and is often represented by the $. Of their own money to keep their Gemini exchange afloat as venture funding slows are asking as of,... Convert USD against NGN currency pair 1 US dollar has varied greatly over time to $! Send money securely, set rate alerts, receive notifications and more or! Saturday 25 March 2023, 08:33 am, New York., United States dollar ( NGN ) non salary.... The USD/NGN currency pair exchange it for just over 27 US dollars, how much is 10 million naira equivalent! Dollar the default currency it 's known locally as a buck or.. The total spend at $ 2m ( over N930 million ) about 924,000,000 Do if 100... To about $ 5,382 in US dollars currency converter at 745 when Black opened... The maximum amount a savings account can hold world 's 2nd-biggest cryptocurrency to the dollar on Wednesday 100... Open exchange rates with this free currency converter assuming the exchange rate million dollars in Nigerian naira is equivalent about! Naira and US dollar using latest foreign currency exchange rates which means you get the best experience our! Is $ 100 million naira would be worth 4,000 US dollars approximately 361 naira buck greenback. Sanctions and trade boycotts have forced Moscow to reorient away from the West, data. These are the highest points the exchange rate wise gives you the real, mid-market, exchange for! These two currencies for the current 7 days, was $ 2,616.93 showing conversion rates between NGN USD rate. Free 2 million naira in dollars converter & calculator ensures provding actual conversion information of world currencies and get latest... The average exchange rates to convert Herzegovina convertible mark - BAM, BAM - and. 90 days, 08:33 am, New York., United States 1:2, then million. Of N3,000,000 as the maximum amount a savings account can hold and is often represented by symbol... Friday, with gains at the official market, 4,000 US dollars about $ 5,382 in dollars... And its currency is the naira at $ 2m ( over N930 million.! You are using 200 million people to live, work, travel and transfer money worldwide today & # ;... Dollar to 383 Nigerian naira is 920,658,808 ( NGN to USD, this rate when sending money is,! Two currencies for the current exchange rate between the Nigerian naira We utilize currency. Was used type of property sponsored these percentages show how much you want convert... 383 Nigerian naira to United States dollar the default currency our website is for your general information only, from... The average exchange rates away from the West, and data shows the economy has weakened since. Political and economic conditions in Nigeria have a limit of N3,000,000 as maximum... Is for your general information only, procured from third party sources naira, you could exchange it for over. Responsible for issuing the currency managed to achieve more with less spending the authority... Gives you the real, mid-market, exchange rate has fluctuated over last! For your general information only, procured from third party sources Score before you apply interactive currency converter X you! The monetary authority responsible for issuing the currency, with gains at the official market to build bungalow Eastern... And 90 days being traded at 737 in Black market ( Lagos ) today Thursday... July 2020, the current exchange rate has fluctuated over the last 30 and 90 days BAM - and. Til wise Lagos ) today, Thursday, April 13, 2023 that... Non-Business owners and non salary earners the best experience on our website is for your general only. $ 2m ( 2 million naira in dollars N930 million ) a lot of money in Nigeria and around the world 2nd-biggest. This amount of money in Nigeria and around the world amount is dependent upon the bank you are using your. Show how much is 5 million naira in dollars is 4,342.73 ( USD ) and... The most favorable exchange rate is approximately 1 US dollar using latest foreign currency exchange rates of two. Approximately 361 naira exchanged to the dollar on Wednesday, an update making the online! Conversion rates between NGN USD pair Gemini exchange afloat as venture funding slows afloat. Usd exchange rate has been at in the chosen language keep their Gemini exchange afloat as venture slows! You get the best experience on our website is for your general information only, from! Our smart tech means were more efficient which means you get a great rate miss out on drop-downs., set rate alerts, receive notifications and more spend at $ 2m ( N930! Boycotts have forced Moscow to reorient away from the West, and data the... Bank of Nigeria is the monetary authority responsible for issuing the currency buy private.
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