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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 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 0.72 AUD 7.19 AUD 71.87 AUD 718.74 AUD 7,187.36
Canada CAD 0.71 CAD 7.11 CAD 71.06 CAD 710.56 CAD 7,105.59
Ireland EUR 0.46 EUR 4.62 EUR 46.20 EUR 461.95 EUR 4,619.51
New Zealand NZD 0.77 NZD 7.67 NZD 76.67 NZD 766.69 NZD 7,666.92
South Africa ZAR 8.41 ZAR 84.14 ZAR 841.40 ZAR 8,414.00 ZAR 84,139.95
United Kingdom GBP 0.35 GBP 3.46 GBP 34.64 GBP 346.38 GBP 3,463.76
United States of America USD 0.50 USD 5.02 USD 50.16 USD 501.63 USD 5,016.30

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.