Nigerian Naira to Euro | 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 Euro (EUR) is the official currency of the Eurozone, which includes 20 of the 27 European Union (EU) member states. It is one of the world's most widely used and traded currencies, managed by the European Central Bank (ECB) and the Eurosystem. The Euro was introduced in 1999 for electronic transactions and officially replaced national currencies in 2002. It is known for its stability and influence in global financial markets.