Convert Ngn to usd

Conversion Formula

1 ngn = 0.0007375 usd

Step-by-Step Explanation

1. Understand the base relationship:
   1 Nigerian Naira = 1600 EUR
   1 US Dollar = 1.18 EUR
2. Establish the conversion factor:
   1 ngn = (1.18 EUR) / (1600 EUR) = 0.0007375 usd
3. Apply the conversion:
   Multiply the value in ngn by 0.0007375 to get the equivalent in usd

Example Conversion

Convert 5 ngn to usd:

5 ngn × 0.0007375 = 0.0036875 usd