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 0.42 AUD 4.17 AUD 41.69 AUD 416.89 AUD 4,168.95
Canada CAD 0.41 CAD 4.11 CAD 41.05 CAD 410.53 CAD 4,105.28
Ireland EUR 0.28 EUR 2.85 EUR 28.47 EUR 284.74 EUR 2,847.43
New Zealand NZD 0.43 NZD 4.33 NZD 43.32 NZD 433.19 NZD 4,331.95
South Africa ZAR 4.53 ZAR 45.32 ZAR 453.23 ZAR 4,532.29 ZAR 45,322.95
United Kingdom GBP 0.24 GBP 2.38 GBP 23.84 GBP 238.39 GBP 2,383.89
United States of America USD 0.32 USD 3.18 USD 31.84 USD 318.36 USD 3,183.62

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

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