Convert Nigerian Naira to Russian Ruble
Convert Nigerian Naira (NGN) to Russian Ruble (RUB) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
About Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's most populous country and largest economy by GDP. Introduced in 1973 to replace the Nigerian pound, the naira has experienced severe long-term depreciation relative to major currencies. The Central Bank of Nigeria (CBN) manages monetary policy. Nigeria is a major oil producer - crude oil and natural gas account for the vast majority of government revenues and export earnings. The economy has faced structural challenges including dependence on oil, inflation, currency shortages, and foreign exchange controls.
About Russian Ruble
The Russian Ruble (RUB) is one of the world's oldest currencies, with roots dating to the 13th century as a silver ingot used in medieval Kievan Rus. The Bank of Russia manages monetary policy with a floating exchange rate, adopted in 2014. Following Russia's invasion of Ukraine in February 2022, the ruble experienced a sharp depreciation due to unprecedented international sanctions but subsequently recovered due to capital controls, mandatory export revenue conversion, and high energy prices.
Quick Reference Table
| Nigerian Naira (NGN) | Russian Ruble (RUB) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).