🇳🇬 NGN to 🇮🇳 INR — Nigerian Naira to Indian Rupee (Rs) Rate Today
Live indicative interbank rate, June 2026. Updated daily at 01:00 UTC.
Convert Nigerian Naira to Indian Rupee at the live indicative interbank rate with the converter below. A reference for importers, businesses and Nigerian Naira–Indian Rupee trade.
Currency converter
NGN → INR conversion table
| NGN | INR |
|---|---|
| 500 | 34.82 |
| 1,000 | 69.64 |
| 2,000 | 139.28 |
| 5,000 | 348.19 |
| 10,000 | 696.38 |
| 25,000 | 1,740.95 |
| 50,000 | 3,481.89 |
| 100,000 | 6,963.79 |
| 250,000 | 17,409.47 |
| 500,000 | 34,818.94 |
| 1,000,000 | 69,637.88 |
Table computed at the indicative rate of 1 NGN = 0.06964 INR. Real operator-side values include a 1%-4% spread.
Why the NGN/INR rate matters for trade
India and Nigeria run one of Africa's larger bilateral trade relationships: India has long been among the biggest buyers of Nigerian crude oil, while Nigeria imports Indian pharmaceuticals, rice, vehicles and machinery in return. Within an India–Africa trade total near $100 billion a year, Nigeria is one of India's top African partners, which keeps the INR/NGN rate relevant for energy traders and importers alike.
Nigerian Naira to Indian Rupee exchange rate history
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 Indian Rupee
The Indian Rupee (INR, ₹) is issued by the Reserve Bank of India and is subdivided into 100 paise. India is one of Africa's largest trading partners — bilateral trade is on the order of $100 billion a year, having roughly doubled over five years — so the rupee is a genuine trade currency across the continent, not just a remittance unit. South Africa is India's single largest African trade partner, followed by Nigeria, Egypt, Kenya and others; the goods range from pharmaceuticals and refined petroleum to vehicles, machinery and agricultural products. The rupee also matters to the large Indian-origin communities in Southern and East Africa — well over a million people of Indian descent in South Africa, with significant populations in Kenya, Tanzania, Uganda and Mauritius — who move money and price goods in both directions. Direct INR/Africa interbank quotes are limited, so most rates are computed through the US dollar.
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FAQ
What is the NGN/INR exchange rate today?
How much is 100 NGN in INR?
Is this the rate for importing or paying a NGN/INR supplier?
Is the Indian Rupee a stable currency?
Where do I get the best NGN/INR rate?
Rates shown on this page are indicative interbank reference rates updated daily. For an actual trade payment, banks, forex bureaus and trade-finance providers add a 1%-3% margin above this reference, plus any fixed fees (SWIFT wire, letter of credit). Use this rate as a benchmark, not a quote. MomoCalc does not process payments.