🇳🇬 NGN to 🇨🇳 CNY — Nigerian Naira to Chinese Yuan (RMB) Rate Today
Indicative interbank rate. Interbank rate updated 19 Jul 09:00 UTC (2h ago) · ExchangeRate-API (interbank)
Convert Nigerian Naira to Chinese Yuan using the live indicative interbank rate and the converter below. Covers the cost of sending to China via the major mobile money apps.
NGN to CNY rate change
Rate tracking started 5 June 2026. Longer windows fill in as history grows.
Change in the NGN→CNY rate. + means the Chinese Yuan weakened against the Nigerian Naira; − means it strengthened.
Currency converter
NGN → CNY conversion table
| NGN | CNY |
|---|---|
| 500 | 2.46 |
| 1,000 | 4.92 |
| 2,000 | 9.84 |
| 5,000 | 24.60 |
| 10,000 | 49.20 |
| 25,000 | 123.00 |
| 50,000 | 246.00 |
| 100,000 | 492.00 |
| 250,000 | 1,230.00 |
| 500,000 | 2,460.00 |
| 1,000,000 | 4,920.00 |
Table computed at the indicative rate of 1 NGN = 0.00492 CNY. Real operator-side values include a 1%-4% spread.
Nigerian Naira to Chinese Yuan exchange rate history
Official vs Parallel Market Rate
P2P updated 23h agoThe official and parallel rates have nearly converged — the gap is small, so licensed bank and app channels are both safe and competitive.
P2P signal: last median 18 Jul 2026, 11:00 (23h ago) — may be slightly delayed. Premium % is the last known value; the quote still tracks the live official rate.
The parallel rate shown is an indicative, community-aggregated figure sourced from MomoCalc parallel-rate tracker. MomoCalc does not buy, sell, or set currency rates. Parallel rates vary by location, dealer, and time of day, and trading outside licensed channels may carry legal and security risks. Always confirm current rates with a licensed dealer before transacting. Educational only — not financial advice.
What moves the Nigerian Naira rate
The naira has been on a managed float since the 2023 NAFEM unification, which erased most of the old official-vs-parallel gap (30%-60% pre-2023, now 1%-3%). Watch CBN interventions, oil receipts and the parallel-market premium — that is what moves the rate day to day.
About the Nigerian Naira
The Nigerian Naira (NGN, ₦) is the official currency of Nigeria, issued by the Central Bank of Nigeria (CBN) since 1973 when it replaced the Nigerian pound. Subdivided into 100 kobo, the Naira is one of Africa's most-traded currencies and the principal medium of exchange for the continent's largest economy. Since the CBN's 2023 unification of the parallel and official exchange rate windows through what it calls the NAFEM mechanism, the Naira has traded under market-driven pricing rather than the previous administered peg. Nigeria receives an estimated 20 billion USD a year in formal remittances, and for inbound flows to MTN MoMo PSB, OPay, PalmPay and Moniepoint the published Naira rate is now typically within 1%-3% of the parallel market — a sharp narrowing compared to the 30%-60% gaps that prevailed before unification.
About the Chinese Yuan
The Chinese Yuan (CNY, ¥) is the unit of the broader Renminbi currency system, issued by the People's Bank of China since 1948. The two names sometimes confuse newcomers: Renminbi (literally "people's currency") refers to the currency as a system, while yuan is the unit in which prices are quoted — both terms describe the same money. Two ISO codes circulate: CNY for the onshore mainland-traded yuan and CNH for the offshore yuan traded primarily in Hong Kong, which sometimes diverges modestly from the onshore rate. The PBOC operates a managed-float regime: a daily mid-point is set against the dollar and the market is permitted to trade within a roughly 2% band around it. For Africa, the yuan has become one of the most strategically important non-G3 currencies. China-Africa bilateral trade reached approximately $348 billion in 2025, up around 17% year-on-year, with Nigeria, South Africa, Angola, Egypt and Kenya as the largest counterparties. In April 2026, Ecobank confirmed negotiations with the Bank of China to launch direct local-currency-to-yuan settlement across its 35 African markets, signalling a structural move away from US-dollar intermediation for African importers paying Chinese suppliers. Note that the ¥ symbol is shared with the Japanese yen — context matters when reading a number.
Related pairs
FAQ
What is the NGN/CNY exchange rate today?
How much is 100 NGN in CNY?
What's the best way to send Nigerian Naira to China?
Is the Chinese Yuan a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to China, see the inbound transfer comparison.