Cash usage
The naira is the domestic cash unit, while Nigeria's payment system also supports bank transfers, cards and mobile-money services.
Country money guide
Nigeria Currency Guide
Learn how the Nigerian naira is used in Nigeria, then open a dated reference-rate conversion.
Currency overview
Nigerian Naira in Nigeria
Monetary framework
Nigeria uses the Nigerian naira as its official currency.
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Convert NGN
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Convert this currency
NGN converter
NGN0.000745 USD1 NGN = 0.0007448845 USD
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Currency facts
NGN at a glance
CurrencyNigerian Naira
ISO codeNGN
Symbol₦
Minor unitKobo
Decimal places2
Central bankCentral Bank of Nigeria
Currency typeOfficial currency
Money usage guide
Local money guide for Nigeria
Official use
Nigeria uses the Nigerian naira as its official currency.
Payment environment
Payment habits vary by location; local bank and mobile transfer options are important.
Cash and payment habits
Cash, cards and local payments
Card acceptance
Card payments operate through the national payment infrastructure supervised by the Central Bank of Nigeria.
Mobile and contactless payments
Digital payment availability depends on the bank, wallet and merchant rather than a single nationwide acceptance rule.
ATM availability
ATMs are part of the national payment network; foreign-card compatibility and fees should be checked with the card issuer.
Exchange tips
Planning a conversion
Before exchanging
Compare the final naira amount and all provider fees before exchanging; availability and customer rates can differ from a dated reference rate.
Cash declaration
Nigeria Customs publishes current traveller requirements; verify them directly before carrying currency across the border.
Popular currency pairs
NGN conversion links
Related currencies
Regional and monetary links
Currency topics
These links use the country dataset's regional and monetary relationships rather than a single global popularity list.
FAQ
Nigeria currency questions
Which currency is used in Nigeria?
Nigeria uses the Nigerian naira as its official currency.
Does Nigeria have multiple official currencies?
Nigeria has one official currency: the Nigerian naira (NGN).
How can I compare the Nigerian naira?
Use the conversion links on this page to compare Nigeria's official currency with other supported currencies.
Sources and review
Rate data and official references
Data source: Frankfurter
Rate date:
Reviewed by: CurrencyHub Editorial Team
Editorially reviewed:
Content methodology
Report an errorCountry guidance is assembled from official monetary, payment-system and border-information sources. Missing details are omitted rather than inferred.
Exchange-rate information is provided for reference only and is not financial, trading or investment advice.