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Foreign Exchange Guide to Nigeria

Read this currency guide to Nigeria with money transfer and travel tips.   [USD/NGN=360.1]

Country Code:
Domestic Currency:
Nigerian Naira
Symbol - Code:
Telephone Prefix:

This is a foreign exchange guide to Nigeria, the Nigerian Naira currency plus NGN transfers and travel tips.

In this Nigeria currency guide we take a look at :

  1. Nigerian Naira info - general info about the Nigerian Naira
  2. Nigerian Naira in the markets - recent NGN moves and predictions from the FX markets
  3. Travelling in Nigeria - currency & money saving tips
  4. Buying Nigerian Naira cash online - travel money for Nigeria
  5. Sending money to Nigeria - save on Nigerian Naira bank transfers to Nigeria
  6. Nigerian Naira exchange rates - latest & historic exchange rates.

Nigerian Naira (NGN) general currency information

What is the Nigerian Naira currency code and symbol?

The three letter currency code for the Nigerian Naira is NGN and the symbol is .

Is the Nigerian Naira a closed currency?

Yes the Nigerian Naira is a closed currency. Which means that you may find it difficult to purchase the currency (NGN) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.

For more information and a full list of closed currencies please refer to our guide: What is a closed currency?

Which countries use the Nigerian Naira?

It is the domestic currency in Nigeria.

Nigerian Naira (NGN) in the markets

The interactive chart below shows the USD to NGN exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.

USD-NGN 3 Month chart
Loading USD/NGN Chart
USDNGN currency converter

Travel, Currency and Money saving tips for Nigeria


Travel money for Nigeria


As mentioned above, the Nigerian Naira is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (NGN) before departure and will need to buy it upon arrival in Nigeria.

For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the NGN you will incur currency conversion or foreign transaction fees if you use a travel money card in Nigeria.

However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.


Nigeria Trip Checklist    

  1. Search Hotel deals - Save on your accomodation in Nigeria
  2. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Nigeria

When searching around for information on how to get a good exchange rate when sending money to Nigeria you need to start with finding out the latest Nigerian Naira foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

Get a better deal for foreign transfers to Nigeria

When sending money to Nigeria it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Nigerian Naira amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted NGN amount will be transfered to the recipient account you specify in Nigeria.

Use our Send to NGN calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Nigerian Naira deposited into the recipient bank account and less margins and fees kept by the banks!


Bank Transfers to Nigeria

Compare Transfer Rates


NGN/USD - Nigerian Naira to United States Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.0027741 Week
15 Mar 20190.0027741 Month
16 Oct 20180.0027496 Months
14 Apr 20180.0027781 Year
14 Apr 20170.0031672 Years
15 Apr 20140.0061895 Years
16 Apr 20090.00673910 Years

NGN/EUR - Nigerian Naira to Euro - 10 Year History

DateExchange RatePeriod
07 Apr 20190.0024731 Week
15 Mar 20190.0024471 Month
16 Oct 20180.0023756 Months
14 Apr 20180.0022511 Year
14 Apr 20170.0029842 Years
15 Apr 20140.0044805 Years
16 Apr 20090.00511210 Years

NGN/GBP - Nigerian Naira to British Pound Sterling - 10 Year History

DateExchange RatePeriod
07 Apr 20190.0021271 Week
15 Mar 20190.0020841 Month
16 Oct 20180.0020856 Months
14 Apr 20180.0019501 Year
14 Apr 20170.0025292 Years
15 Apr 20140.0037005 Years
16 Apr 20090.00452010 Years

NGN/JPY - Nigerian Naira to Japanese Yen - 10 Year History

DateExchange RatePeriod
07 Apr 20190.30991 Week
15 Mar 20190.30911 Month
16 Oct 20180.30896 Months
14 Apr 20180.29821 Year
14 Apr 20170.34392 Years
15 Apr 20140.63015 Years
16 Apr 20090.668310 Years

NGN/AUD - Nigerian Naira to Australian Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.0039071 Week
15 Mar 20190.0039121 Month
16 Oct 20180.0038516 Months
14 Apr 20180.0035771 Year
14 Apr 20170.0041772 Years
15 Apr 20140.0066155 Years
16 Apr 20090.00936410 Years

NGN/CAD - Nigerian Naira to Canadian Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.0037101 Week
15 Mar 20190.0037011 Month
16 Oct 20180.0035566 Months
14 Apr 20180.0035051 Year
14 Apr 20170.0042202 Years
15 Apr 20140.0067955 Years
16 Apr 20090.00813210 Years

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