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Nigeria Currency

Money

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 0.41 AUD 4.05 AUD 40.52 AUD 405.22 AUD 4,052.18
Canada CAD 0.42 CAD 4.17 CAD 41.69 CAD 416.88 CAD 4,168.82
Ireland EUR 0.28 EUR 2.81 EUR 28.13 EUR 281.27 EUR 2,812.70
New Zealand NZD 0.42 NZD 4.25 NZD 42.47 NZD 424.66 NZD 4,246.58
South Africa ZAR 4.20 ZAR 41.95 ZAR 419.50 ZAR 4,195.04 ZAR 41,950.38
United Kingdom GBP 0.25 GBP 2.50 GBP 25.04 GBP 250.35 GBP 2,503.53
United States of America USD 0.31 USD 3.11 USD 31.10 USD 311.04 USD 3,110.36

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

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