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Nigeria Currency

Money

Nigerian currency is the Naira (NGN), which is divided into 100 kobo. Approved exchange facilities include the 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 against the use of credit cards throughout the country. Credit card facilities are also limited. Facilities for changing travellers cheques are also very limited. Prior to travel, visitors should ensure they have a variety of currency options available to them (Sterling, 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 A$ 0.59 A$ 5.88 A$ 58.82 A$ 588.20 A$ 5,881.96
Canada C$ 0.62 C$ 6.19 C$ 61.87 C$ 618.67 C$ 6,186.66
Ireland € 0.48 € 4.79 € 47.86 € 478.61 € 4,786.14
New Zealand NZ$ 0.76 NZ$ 7.64 NZ$ 76.36 NZ$ 763.56 NZ$ 7,635.65
South Africa R 5.12 R 51.23 R 512.29 R 5,122.94 R 51,229.40
United Kingdom £ 0.40 £ 3.96 £ 39.57 £ 395.75 £ 3,957.45
United States of America US$ 0.61 US$ 6.06 US$ 60.58 US$ 605.76 US$ 6,057.63

Note: These currency exchange rates are not updated daily and should be used as a guideline only.

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