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.
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
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
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.
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.
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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.