Currency · Live data
Nigerian Naira
NGNNigeria · Issued by Central Bank of Nigeria
Price (USD)
—
Inflation (2024)
+33.24%
10y M2 change
+282%
M69 Score
15.0
Multi-tier FX regime
Market Cap (USD)
—
via M2 · 2023
M2 (local currency)
78.76T NGN
current LCU
CPI YoY (2024)
+33.24%
World Bank · annual
Country
Nigeria
ISO 4217 · NGN
Last Update
2026-04-25
Daily ingest · 02:00 UTC
Nigerian Naira M2 money supply
Broad money in NGN (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.
Nigerian Naira inflation history
Annual CPI YoY since 2001 — World Bank consumer price index for Nigeria. Inflation volatility is one of three inputs into the Money2069 sound-money score.
Purchasing power calculator
How much would your Nigerian Naira be worth today if you'd held it since…?
100 NGN in 2001 buys today
0.25 NGNworth of goods
Lost 100% of purchasing power since 2001.
To match 2001 purchasing power, you need today
39,508.29 NGN
46 years of cumulative inflation.
Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2024. Source: World Bank consumer price index (annual). Daily-refreshed.
Data sources & methodology
- FX (USD):
- Frankfurter / ECB · daily
- CPI YoY:
- World Bank FP.CPI.TOTL.ZG · annual
- M2 broad money:
- World Bank FM.LBL.BMNY.CN · annual (LCU)
- Market cap (USD):
- M2 / FX rate · daily
- 10-year M2 change:
- (M2 today / M2 10y ago) − 1
- M69 score:
- Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
- Last fetched:
- 2026-04-25 16:05:39
- Country code (ISO 3166-1):
- NGA
Note: Multi-tier FX regime
Raw data: /api/v1/currencies/current/NGN
Frequently asked questions
Who issues the Nigerian Naira?+
The Nigerian Naira (NGN) is issued by Central Bank of Nigeria. As the monetary authority for Nigeria, it sets policy interest rates, manages foreign reserves, and controls the money supply.
What is the inflation rate of the Nigerian Naira?+
Latest available consumer price inflation for the Nigerian Naira: 33.24% YoY (2024). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.
Has the Nigerian Naira been debased?+
Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 282% over the past decade. Combined with cumulative inflation, this is the gap between NGN as accounting unit and NGN as a store of value.
Is the Nigerian Naira sound money?+
On the Money2069 0–100 sound-money scale, the Nigerian Naira currently scores 15.0. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.
How does the Nigerian Naira compare to gold or the US dollar?+
Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.
How often is this data updated?+
We pull fresh exchange rates daily from Frankfurter (ECB-sourced) and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.