What Can I Buy With 500 Naira?

10 Things You Can Buy With 500 Naira

  • A pair of slippers like this. Check Balogun market or Mandillas if you think we’re lying.
  • 1GB of data on a Spectranet router. We’re not kidding.
  • A plate of food at a local buka.
  • Recharge cards.
  • Netflix and chill.
  • Suya.
  • A movie ticket in Ibadan.
  • Nivea body spray.

What can you buy with Naira?

Take a quick look through this list of fifteen useful things you can buy with 50 naira or less in Nigeria.

  2. Water. Water is one of the cheapest commodities in Nigeria, although not the most abundant.
  3. Stationary.
  4. Garri.
  5. Sausage Roll (Gala)
  6. Hand Kerchief.
  7. Groundnut.
  8. Keke/Bus/Bike Fare.

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.

What can I buy with 100 naira?

If it’s USD, well the exchange rate is ~362 Naira to the Dollar, so a number of things. A domestic plane ticket or two.

  • 10 bags of sachet water (pure water)
  • A bottle of water.
  • Transport fare over a short distance within a city.
  • Two beef roll snacks (gala)
  • Some really cheap biscuits.

What can you buy with 1 dollar in Nigeria?

In Nigeria, a dollar when converted to local currency can buy you 2 liters of fuel or a well-made meat pie. While in Ethiopia, you are able to get 6 injeras, in Uganda a dollar will buy one plate of Katogo.

How much is $100 US in Nigeria?

Are you overpaying your bank?

US DollarNigerian Naira
20 USD7100.00000 NGN
50 USD17750.00000 NGN
100 USD35500.00000 NGN
250 USD88750.00000 NGN

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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.

How much is a meal in Nigeria?

Cost of Living in Nigeria

Restaurants[ Edit ]
Meal, Inexpensive Restaurant500.00 ₦
Meal for 2 People, Mid-range Restaurant, Three-course6,500.00 ₦
McMeal at McDonalds (or Equivalent Combo Meal)1,800.00 ₦
Domestic Beer (1 pint draught)300.00 ₦

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How much is $50 dollars in Nigeria?

Are you overpaying your bank?

US DollarNigerian Naira
50 USD18800.00000 NGN
100 USD37600.00000 NGN
250 USD94000.00000 NGN
500 USD188000.00000 NGN

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Can I use USD in Nigeria?

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 much is a lot of money in Nigeria?

The average Nigerian family income is about 75,000 according to a research as far back as 2011. Then the value of the Naira against the dollar was a lot better than now, when the exchange rate was roughly $1 to 150 Naira, compared to todays $1 to 350 Naira.

What is the cost of living in Lagos Nigeria?

Summary about cost of living in Lagos: Four-person family monthly costs: 1,936.38$ (707,745.50₦) without rent (using our estimator). A single person monthly costs: 529.29$ (193,455.33₦) without rent. Cost of living index in Lagos is 63.48% lower than in New York.

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.