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The Nigerian Naira (NGN) is the official currency of Nigeria, introduced in 1973 to replace the Nigerian pound. It is subdivided into 100 kobo and is regulated by the Central Bank of Nigeria, which is responsible for issuing banknotes and coins as well as managing monetary policy.
The Euro (EUR) is the official currency of the Eurozone, which consists of 19 of the 27 European Union member states. It was introduced in 1999 and has become the second most traded currency in the world, following the United States dollar. The Euro facilitates easier trade and travel among member countries by eliminating the need for currency exchange and providing a stable economic framework.