🇳🇬 NGN to 🇯🇵 JPY — Nigerian Naira to Japanese Yen (yen) Rate Today
Indicative interbank rate. Interbank rate updated 31 Jul 00:00 UTC (2h ago) · ExchangeRate-API (interbank)
Convert Nigerian Naira to Japanese Yen at the live indicative interbank rate with the converter below. A reference for importers, businesses and Nigerian Naira–Japanese Yen trade.
Currency converter
NGN → JPY conversion table
| NGN | JPY |
|---|---|
| 500 | 60 |
| 1,000 | 119 |
| 2,000 | 238 |
| 5,000 | 596 |
| 10,000 | 1,192 |
| 25,000 | 2,980 |
| 50,000 | 5,959 |
| 100,000 | 11,919 |
| 250,000 | 29,797 |
| 500,000 | 59,595 |
| 1,000,000 | 119,190 |
Table computed at the indicative rate of 1 NGN = 0.1192 JPY. Real operator-side values include a 1%-4% spread.
Why the NGN/JPY rate matters for trade
Japan is one of Nigeria's leading East-Asian trade partners — by some measures its second-largest in West Africa — supplying vehicles, machinery and electronics. Nigerian importers and businesses use the JPY/NGN rate to price Japanese capital goods and used vehicles brought in through Lagos.
Nigerian Naira to Japanese Yen exchange rate history
Official vs Parallel Market Rate
Tracks live P2P (via Bybit)The official and parallel rates have nearly converged — the gap is small, so licensed bank and app channels are both safe and competitive.
Parallel signal: Binance P2P USDT median, updated 31 Jul 2026, 01:00 (less than 1h ago). The quote tracks the live official rate between refreshes.
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 Japanese Yen
The Japanese Yen (JPY, ¥) is issued by the Bank of Japan and, unlike most currencies, has no minor unit in everyday use — amounts are quoted in whole yen, so a price is written as ¥10,000 with no decimal places. The yen is one of the world's most-traded currencies and a traditional safe-haven, which makes it relatively liquid against African currencies even though direct JPY/Africa interbank markets are thin and most rates are derived through the US dollar. For African importers the yen matters most in two arenas: capital goods and machinery (Japan is a major supplier of vehicles, plant and electronics across the continent), and the used-vehicle trade, where Japan is the dominant export source for right-hand-drive markets in Kenya, Tanzania, Uganda, Zambia and beyond. Because the per-unit yen value is small against currencies like the naira or shilling, buyers usually convert in tens of thousands of yen.
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FAQ
What is the NGN/JPY exchange rate today?
How much is 100 NGN in JPY?
Is this the rate for importing or paying a NGN/JPY supplier?
Is the Japanese Yen a stable currency?
Where do I get the best NGN/JPY 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.