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. 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||A$ 0.63||A$ 6.33||A$ 63.28||A$ 632.79||A$ 6,327.90|
|Canada||C$ 0.62||C$ 6.23||C$ 62.32||C$ 623.23||C$ 6,232.25|
|Ireland||€ 0.46||€ 4.55||€ 45.51||€ 455.09||€ 4,550.89|
|New Zealand||NZ$ 0.65||NZ$ 6.51||NZ$ 65.13||NZ$ 651.27||NZ$ 6,512.73|
|South Africa||R 5.92||R 59.20||R 592.00||R 5,919.99||R 59,199.92|
|United Kingdom||£ 0.33||£ 3.35||£ 33.49||£ 334.93||£ 3,349.28|
|United States of America||US$ 0.50||US$ 4.98||US$ 49.82||US$ 498.18||US$ 4,981.82|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
Become our Nigeria Travel Expert
We are looking for contributors for our Nigeria travel guide. If you are a local, a regular traveller to Nigeria or a travel professional with time to contribute and answer occasional forum questions, please contact us.