Everything you need to know

Nigeria Currency

Travelling to or living in Nigeria? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.

Use the GoCard in Nigeria

Open a UK bank account with us and get a GoCard for smarter spending in Nigeria. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.

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What is the currency in Nigeria?

The official currency of Nigeria is the Nigerian naira

The naira replaced the Nigerian pound in 1973 after decimalisation. It is issued by the Central Bank of Nigeria.

NGN, ₦

Banknotes

₦5

₦10

₦20

₦50

₦100

₦200

₦500

₦1,000

Coins

50 kobo

₦1

₦2

₦5

Popular Naira pairings

A

NGN

AED

NGN

ALL

NGN

AMD

NGN

ANG

NGN

AOA

NGN

AUD

NGN

AWG

NGN

AZN

B

NGN

BBD

NGN

BDT

NGN

BGN

NGN

BHD

NGN

BMD

NGN

BND

NGN

BOB

NGN

BRL

NGN

BSD

NGN

BTN

NGN

BWP

NGN

BZD

C

NGN

CAD

NGN

CHF

NGN

CLP

NGN

COP

NGN

CRC

NGN

CZK

D

NGN

DJF

NGN

DKK

NGN

DOP

NGN

DZD

E

NGN

EGP

NGN

ETB

NGN

EUR

F

NGN

FJD

G

NGN

GEL

NGN

GHS

NGN

GIP

NGN

GMD

NGN

GYD

H

NGN

HKD

NGN

HNL

NGN

HUF

I

NGN

IDR

NGN

ILS

NGN

INR

J

NGN

JMD

NGN

JPY

K

NGN

KES

NGN

KGS

NGN

KHR

NGN

KMF

NGN

KWD

NGN

KYD

NGN

KZT

L

NGN

LKR

NGN

LSL

M

NGN

MAD

NGN

MDL

NGN

MGA

NGN

MKD

NGN

MNT

NGN

MRU

NGN

MUR

NGN

MVR

NGN

MWK

NGN

MXN

NGN

MYR

NGN

MZN

N

NGN

NAD

NGN

NOK

NGN

NPR

NGN

NZD

O

NGN

OMR

P

NGN

PEN

NGN

PGK

NGN

PHP

NGN

PKR

NGN

PLN

NGN

PYG

Q

NGN

QAR

R

NGN

RON

NGN

RWF

S

NGN

SAR

NGN

SBD

NGN

SCR

NGN

SEK

NGN

SGD

NGN

SRD

NGN

SZL

T

NGN

THB

NGN

TJS

NGN

TMT

NGN

TOP

NGN

TRY

NGN

TTD

NGN

TZS

U

NGN

UAH

NGN

UGX

NGN

USD

NGN

UYU

NGN

UZS

V

NGN

VND

NGN

VUV

W

NGN

WST

X

NGN

XAF

NGN

XCD

NGN

XOF

Z

NGN

ZAR

NGN

ZMW

How to spend money in Nigeria

Cash is widely used in markets, rural areas, and local transport. Credit and debit cards are accepted in urban areas, supermarkets, hotels, and restaurants in Lagos, Abuja, and Port Harcourt. Mobile money services like Paga and Quickteller are growing in popularity. ATMs are mainly in cities.

Tip: Always pay in the local currency to get the best exchange rate and avoid extra conversion charges.

Tips for exchanging money in Nigeria

Exchange at licensed banks or bureaux for safe rates.

Avoid airport kiosks and street vendors.

Pay in naira to avoid conversion fees.

Carry small notes for local transport, markets, and minor purchases.

With TransferGo, you can send naira directly to Nigerian accounts or use your GoCard for secure online spending and ATM withdrawals.

Trusted by millions worldwide

For over a decade, TransferGo has made financial services faster, simpler, more affordable—and more accessible to those who need them most.

“Really good service!”

“TransferGo contacted me directly when there was a problem, and they solved it quickly. I made an international transfer in just a couple of hours.”

“Great company and competitive rates”

“Transfers are fast and there are no charges. Most transfers are free! I will be recommending the platform to all Nigerians.”

“Very good service”

“I sent money to my other bank account and received it in seconds. I’ve recommended it to all my friends. Good job!”

Frequently asked questions

What is the official currency used in Nigeria?

Nigerian naira (NGN).

What is the official currency used in Nigeria?

Symbol: ₦ | Code: NGN

Can I use my home currency in Nigeria?

Not widely; naira is required.

How can I use my GoCard in Nigeria?

Just activate it in the app and start spending—online or in stores.

Is it better to use cash or card when spending in Nigeria?

Cash is essential in rural areas; cards work in cities.

Are credit or debit cards widely accepted in Nigeria?

In urban areas and tourist zones, yes.

Are there ATMs available in Nigeria, and are there withdrawal limits?

Yes, mainly in cities; limits vary by bank.

Can I use a GoCard in Nigeria?

Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.