The naira is Nigeria’s national currency.
You’ll find, however, that in airports, hotels, and tourist destinations, USD is commonly accepted.
The exchange rates used will vary, though, so it’s worth checking you’re getting a fair deal before you decide to spend your dollars in Nigeria.
How can you send money from USA to Nigeria?
Three Easy Steps
- Select the type of service and amount you want. Choose a money transfer or airtime top up, then enter the amount you want to send.
- Tell us where you want the money to go.
- Tell us whether you want to make the payment with a debit card or by ACH and submit your transaction.
Is $100 a lot in Nigeria?
Yes it is! Now $100 translates — going by the most current exchange rate, which is put at 360 NGN to a dollar— to 36,000 NGN. So with the above info at the back of our minds, $100 is a significant amount of money to over 80% of the population! Now that is a lot of money by that standard.
How much money can you take to Nigeria?
Residents: local currency (Nigerian Naira-NGN): up to NGN 5,000. – in banknotes. Foreign currencies: up to USD 5,000.
Is $50 a lot of money in Nigeria?
A lot. It can pay the monthly rent for a self-contained flat in a suburb of the nation’s capital city Abuja or a decent two-bedroom flat in cities such as Ibadan, Enugu and Kaduna. $50 can pay for an average hotel accommodation for a night in Abuja, and for three nights in Katsina or Nsukka.