Nigeria Currency


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 0.43 AUD 4.26 AUD 42.65 AUD 426.49 AUD 4,264.94
Canada CAD 0.43 CAD 4.31 CAD 43.09 CAD 430.87 CAD 4,308.70
Ireland EUR 0.28 EUR 2.84 EUR 28.44 EUR 284.44 EUR 2,844.36
New Zealand NZD 0.45 NZD 4.49 NZD 44.94 NZD 449.40 NZD 4,493.98
South Africa ZAR 4.17 ZAR 41.72 ZAR 417.19 ZAR 4,171.91 ZAR 41,719.14
United Kingdom GBP 0.25 GBP 2.46 GBP 24.60 GBP 246.01 GBP 2,460.06
United States of America USD 0.32 USD 3.19 USD 31.94 USD 319.45 USD 3,194.47

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

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