Historic United States dollar Nigerian Naira

United States dollar nigerian naira history since 29/03/2024 until today (0 years). Search for USD to NGN exchange rate history for a particular date, month or year.

is the currency (supplied by Federal Reserve Bank and the currency supplied by Central Bank of Nigeria. The USD NGN historical data can be seen on the United States dollar nigerian naira historical chart.

01 March 20241 USD = 1617.05 NGN
03 March 20241 USD = 1543.58 NGN
04 March 20241 USD = 1577.56 NGN
05 March 20241 USD = 1511.99 NGN
06 March 20241 USD = 1560.51 NGN
07 March 20241 USD = 1590.67 NGN
08 March 20241 USD = 1591.00 NGN
10 March 20241 USD = 1593.34 NGN
11 March 20241 USD = 1593.84 NGN
12 March 20241 USD = 1624.23 NGN

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.