What Currency Does Nigeria Use?
Facts last checked 9 October 2026.
Exchange rate (approximate):
1 USD ≈ 1,379 NGN
1 GBP ≈ 1,849 NGN
Rates are indicative (July 2026) and change daily. Always check live rates before travelling. Rates by Exchange Rate API.
NGN converter
100 NGN ≈ 0.0725 USD
Nigerian naira conversion table
| Amount | USD → NGN | GBP → NGN | EUR → NGN |
|---|---|---|---|
| 1 | 1,379 | 1,849 | 1,575 |
| 5 | 6,895 | 9,244 | 7,876 |
| 10 | 13,790 | 18,487 | 15,751 |
| 20 | 27,580 | 36,974 | 31,503 |
| 50 | 68,951 | 92,435 | 78,756 |
| 100 | 137,902 | 184,871 | 157,513 |
| 500 | 689,511 | 924,354 | 787,563 |
| 1,000 | 1,379,023 | 1,848,707 | 1,575,126 |
| NGN | → USD | → GBP | → EUR |
|---|---|---|---|
| 1 | 0.0007 | 0.0005 | 0.0006 |
| 5 | 0.0036 | 0.0027 | 0.0032 |
| 10 | 0.0073 | 0.0054 | 0.0063 |
| 20 | 0.0145 | 0.0108 | 0.0127 |
| 50 | 0.0363 | 0.027 | 0.0317 |
| 100 | 0.0725 | 0.0541 | 0.0635 |
| 500 | 0.3626 | 0.2705 | 0.3174 |
| 1,000 | 0.7252 | 0.5409 | 0.6349 |
Indicative rates (July 2026). Banks and card providers add their own margin and fees, so the amount you actually receive will differ slightly.
Against the US dollar, 1 NGN is worth about 0.0007 USD. Of the 141 currencies covered on this site, the Nigerian naira ranks 119th by value per unit (1st = the most US dollars per unit). A high or low number says nothing about economic strength — it simply reflects how the currency is denominated.
Travel Money Card
Travelling to Nigeria? Avoid poor airport exchange rates — a prepaid travel money card or multi-currency card usually gets you a far better deal on Nigerian naira spending.
What is money called in Nigeria?
Money in Nigeria is called the Nigerian naira — its ISO 4217 currency code is NGN, and its symbol is ₦. The Nigerian naira is the official legal tender in Nigeria and is used for all everyday transactions — from paying for goods and services to converting money at banks and exchange bureaus. When travelling, you may also see it referred to as the Nigeria currency or simply money in Nigeria. The Nigerian naira is subdivided into 100 kobo, though small-denomination coins may not always be in everyday circulation.
Is the Nigerian naira used anywhere else?
No — Nigeria is the only country on this site using the Nigerian naira as its official currency.
Practical money tips for Nigeria
Card payments are widely accepted in most cities, but it's still worth carrying some Nigerian naira in cash for smaller vendors, local transport and rural areas. Notify your bank before travelling to avoid transactions being blocked, and compare card fees — many cards charge a foreign transaction fee that a dedicated travel money card avoids.
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Money essentials for Nigeria
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Nigeria in context
- Nigeria covers 923,768 km², making it the 31st largest of the 196 countries on this site.
- It shares a land border with 4 countries: Benin, Cameroon, Chad, Niger.
- With 223,800,000 people, Nigeria holds about 51.0% of the population of Western Africa.
- Traffic drives on the right, and calendars start the week on Monday.
- Nigeria is a member state of the United Nations.
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Nigeria currency — FAQ
What is the currency of Nigeria?
The currency of Nigeria is the Nigerian naira (currency code: NGN, symbol: ₦).
What is the currency code for Nigeria?
The ISO 4217 currency code for the Nigerian naira is NGN.
What is the Nigerian naira symbol?
The symbol for the Nigerian naira is ₦. You will see this on price tags and receipts throughout Nigeria.
What currency is used in Nigeria?
The official currency used in Nigeria is the Nigerian naira (NGN).
Can I use US dollars in Nigeria?
The official currency of Nigeria is the Nigerian naira, not the US dollar. While USD may be accepted in some tourist hotels and major cities, you will generally get better rates paying in Nigerian naira and should exchange money before or on arrival.
What is the exchange rate for Nigeria?
As of July 2026, approximately 1 USD = 1,379 NGN and 1 GBP = 1,849 NGN. Rates change daily — always check a live source before travelling or sending money.
What is money called in Nigeria?
Money in Nigeria is called the Nigerian naira (NGN).
Do other countries use the Nigerian naira?
No — Nigeria is the only country on this site using the Nigerian naira as its official currency.
What is the Nigerian currency?
The Nigerian currency is the Nigerian naira (NGN), the official money of Nigeria.
What is the currency of the Federal Republic of Nigeria?
The Federal Republic of Nigeria is the formal name of Nigeria. Its currency is the Nigerian naira (NGN).
How much is 100 NGN in US dollars?
At the July 2026 indicative rate, 100 NGN is about 0.0725 USD or 0.0541 GBP. Use the converter above for other amounts.
How much is 100 US dollars in Nigerian naira?
At the July 2026 indicative rate, 100 USD is about 137,902 NGN.
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