Nigeria - Nigerian Naira - Currency Guide

This is a currency guide to Nigeria, the Nigerian Naira currency plus sending (NGN) transfers and travel tips for Nigeria.

 
 
CountryNigeria
FlagNigeria
Country CodeNG
Domestic Currency Nigerian Naira
Currency Symbol
Currency CodeNGN
Exchange RateUSD/NGN = 363.5
Telephone Prefix+234

Quick Conversions from US Dollar to Nigerian Naira

USD

NGN

U$ 1
₦ 363.50
U$ 5
₦ 1,818
U$ 10
₦ 3,635
U$ 20
₦ 7,270
U$ 50
₦ 18,175
U$ 100
₦ 36,350
U$ 250
₦ 90,875
U$ 500
₦ 181,750
U$ 1,000
₦ 363,500
U$ 2,000
₦ 727,000
U$ 5,000
₦ 1,817,500
U$ 10,000
₦ 3,635,000
U$ 50,000
₦ 18,175,000
U$ 100,000
₦ 36,350,000
More amounts

USD

NGN

U$ 0.0028
₦ 1
U$ 0.0138
₦ 5
U$ 0.0275
₦ 10
U$ 0.0550
₦ 20
U$ 0.1376
₦ 50
U$ 0.2751
₦ 100
U$ 0.6878
₦ 250
U$ 1.3755
₦ 500
U$ 2.7510
₦ 1,000
U$ 5.5020
₦ 2,000
U$ 13.76
₦ 5,000
U$ 27.51
₦ 10,000
U$ 137.55
₦ 50,000
U$ 275.10
₦ 100,000
More amounts

To calculate specific USD/NGN amounts use our Convert USD to NGN quick calculator.

Nigeria Currency Info


Frequently Asked Questions


What currency should I use in Nigeria?

The domestic currency in Nigeria is the Nigerian Naira.

What is the Nigerian Naira currency code and symbol?

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

How much is U$100 US Dollars in Nigerian Naira?

U$ 100 converts to ₦ 36,350

Which countries use the Nigerian Naira?

It is the domestic currency in Nigeria.

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?


Nigerian Naira (NGN) in the markets

The interactive chart below shows the USD to NGN exchange rate and trend for the previous 3 months:

USD/NGN at 363.5 was trading near the 90-day average 362.42 with a range 361 to 365.02. There are no current rate alerts.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

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 Nigerian Naira 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

Nigerian Naira to US Dollar - Historical Rates

PeriodNGN/USDDate
1 Day0.00274717 Feb 2020
7 Day0.00274511 Feb 2020
30 Day0.00276419 Jan 2020
3 Month0.00275920 Nov 2019
1 Year0.00276418 Feb 2019
5 Year0.00503019 Feb 2015
10 Year0.00663220 Feb 2010

Nigerian Naira to Euro - Historical Rates

PeriodNGN/EURDate
1 Day0.00253417 Feb 2020
7 Day0.00251411 Feb 2020
30 Day0.00249219 Jan 2020
3 Month0.00249020 Nov 2019
1 Year0.00244418 Feb 2019
5 Year0.00442519 Feb 2015
10 Year0.00488920 Feb 2010

Nigerian Naira to Pound Sterling - 10 Year History

PeriodNGN/GBPDate
1 Day0.00211217 Feb 2020
7 Day0.00211811 Feb 2020
30 Day0.00212619 Jan 2020
3 Month0.00213420 Nov 2019
1 Year0.00213918 Feb 2019
5 Year0.00326319 Feb 2015
10 Year0.00429720 Feb 2010

Nigerian Naira to Australian Dollar - Historical Rates

PeriodNGN/AUDDate
1 Day0.00409417 Feb 2020
7 Day0.00408511 Feb 2020
30 Day0.00401719 Jan 2020
3 Month0.00405820 Nov 2019
1 Year0.00387618 Feb 2019
5 Year0.00645419 Feb 2015
10 Year0.00741120 Feb 2010

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