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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 0.47 AUD 4.70 AUD 46.97 AUD 469.66 AUD 4,696.63
Canada CAD 0.46 CAD 4.63 CAD 46.34 CAD 463.37 CAD 4,633.75
Ireland EUR 0.32 EUR 3.22 EUR 32.16 EUR 321.60 EUR 3,215.99
New Zealand NZD 0.49 NZD 4.87 NZD 48.68 NZD 486.82 NZD 4,868.21
South Africa ZAR 5.18 ZAR 51.76 ZAR 517.61 ZAR 5,176.06 ZAR 51,760.57
United Kingdom GBP 0.27 GBP 2.74 GBP 27.44 GBP 274.39 GBP 2,743.87
United States of America USD 0.36 USD 3.55 USD 35.52 USD 355.24 USD 3,552.40

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

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