Nigerian currency is the Naira (NGN), which is divided into 100 kobo. Approved exchange facilities include major hotels and the airport, but official rates are very high. It is illegal to change money on the street. Credit card fraud is a problem, and visitors are advised to exercise caution when using credit cards. Credit card facilities are also limited outside of the major cities. Prior to travel, visitors should ensure they have a variety of currency options available to them (Pounds, US Dollars or Euros) in cash. Travellers should be aware of the prevalence of commercial fraud in, and emanating from, Nigeria.
Currency Exchange Rates
|Nigeria||NGN 100||NGN 1,000||NGN 10,000||NGN 100,000||NGN 1,000,000|
|Australia||AUD 0.68||AUD 6.80||AUD 68.04||AUD 680.44||AUD 6,804.37|
|Canada||CAD 0.65||CAD 6.47||CAD 64.68||CAD 646.78||CAD 6,467.85|
|Ireland||EUR 0.44||EUR 4.39||EUR 43.87||EUR 438.73||EUR 4,387.29|
|New Zealand||NZD 0.74||NZD 7.40||NZD 73.98||NZD 739.80||NZD 7,398.03|
|South Africa||ZAR 7.58||ZAR 75.84||ZAR 758.41||ZAR 7,584.12||ZAR 75,841.18|
|United Kingdom||GBP 0.35||GBP 3.46||GBP 34.61||GBP 346.11||GBP 3,461.10|
|United States of America||USD 0.50||USD 4.99||USD 49.93||USD 499.29||USD 4,992.93|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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