In Nigeria, a dollar when converted to local currency can buy you 2 liters of fuel or a well-made meat pie.
There is a high level of crime throughout Nigeria, including armed robbery, kidnapping for ransom, home invasions, carjacking and violent assault. Criminal activity is high in urban areas, including the city of Lagos, as well as on the northern border with Niger and Chad.
You have options when you transfer money to Nigeria with Western Union. Simply pay with a credit2 or debit card, directly from your bank account, via Apple Pay®, or with cash at an agent location.
Nigeria: Average Salary, Minimum Wage & MortgagesWith around 1000$ a month you can live like a king here – buying new clothes, eating out, traveling on vacations abroad twice or more a year, and still save money. While many working Nigerians live on as little as 200-300$ a month, some live on far less.
Residents: local currency (Nigerian Naira-NGN): up to NGN 5,000. - in banknotes. Foreign currencies: up to USD 5,000.
20 Businesses You Can Start With 50,000 Naira in Nigeria
- Baking Business. Baking is a thriving business in Nigeria.
- Fast food Business. The importance of food can never be overemphasized.
- Plantain Chips Business. This is also a very lucrative business.
- Selling Drinks and Water.
- Small Scale Farming.
- Smoked Fish Business.
- Soap Production.
- Home and Beauty Products.
Credit and debit cards are generally accepted in larger Nigerian towns and cities, especially in tourist areas. In places used to foreign visitors, major providers such as Visa, Mastercard/Maestro/Cirrus, and Amex are accepted in ATMs, shops and restaurants.
If you want to send money to a bank account in Nigeria, we recommend using a specialist currency provider. If you're transferring under $300 or equivalent, your best options include WorldRemit, TransferWise, Xoom or MoneyGram.
You should be able to survive 45years living in Nigeria with N550,000,000.00. You would be considered wealthy* in Nigeria.
The national minimum wage for federal workers in Nigeria reached 30 thousand Nigerian Naira in 2020, which equaled to about 77 U.S. dollars. On average, the monthly cost of living for an individual in Nigeria amounted to 43.2 thousand Naira, whereas this figure added up to 137.6 thousand Naira for a family.
Dollar to Nigerian Naira Exchange Rate Today, Live 1 USD to NGN = 396.3352 (Convert Dollars to Nigerian Naira)
A person working in Lagos typically earns around 351,000 NGN per month. Salaries range from 88,800 NGN (lowest average) to 1,570,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
Average prices of selected food products in Nigeria as of November 2020 (in Naira)
| Prices in Nigerian Naira |
|---|
| Bread, unsliced (1 loaf) | 307.01 |
| Broken rice, Ofada (1 Kg) | 462.55 |
| Rice, local sold loose (1 Kg) | 404.61 |
| Rice, imported high quality, sold loose (1 Kg) | 549.98 |
A passport valid for six months, a visa, and proof of Polio and Yellow Fever vaccinations are required to enter Nigeria. You must obtain your Nigerian visa from a Nigerian embassy or consulate in advance of your travel.
Currently, the price of $100 steam gift card in Naira on sellcardbtc is 27,500 naira.
97% of the people in the Nigeria average tipping percentage in restaurants is between 7% to 15%. The actual tipping percentage is determind according to the level of service given in the restaurant and the tipping percentage can go above 7% if service was suberb or go under 15% if the service was bad).
That is particularly true for the world's 10 poorest. All of them are found in
Africa, where per-capita purchasing power is on average $1,181.
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| Rank | Country | GDP-PPP ($) |
|---|
| 53 | Djibouti | 5,568 |
| 54 | Pakistan | 5,872 |
| 55 | Nigeria | 6,054 |
| 56 | Samoa | 6,152 |
Dollars to (Last 30 Days)
| Wed 06/01/2021 | 1 USD = 388.3499 NGN |
|---|
| Mon 28/12/2020 | 1 USD = 381.0128 NGN |
| Sun 27/12/2020 | 1 USD = 388.0689 NGN |
| Sat 26/12/2020 | 1 USD = 394.9161 NGN |
| Fri 25/12/2020 | 1 USD = 381.2039 NGN |
Currency Table USD / INR (01/09/2021)
100 Sovereign Hero is 56815360 Nigerian Naira.
Rent in
Nigeria is, on
average, 29.50% lower than in United States.
Cost of Living in Nigeria.
| Restaurants | Edit |
|---|
| Water (1.5 liter bottle) | 164.31₦ |
| Bottle of Wine (Mid-Range) | 1,500.00₦ |
| Domestic Beer (0.5 liter bottle) | 296.07₦ |
| Imported Beer (12 oz small bottle) | 496.77₦ |
What is Nigeria money called?
Daily Dollar to Naira Black Market (Lagos) ReviewUS Dollar to Naira exchange rate is ₦472 in Nigeria Lagos Parallel Market today, January 08, 2021.
Dollar to Naira Exchange Rates
| Source | Rate | Change |
|---|
| Black Market | ₦ 472.00 | 0.43% |
| CBN | ₦ 380.00 | 0.00% |
| BDC | ₦ 470.00 | 0.00% |
| Moneygram | ₦ 0.00 | 0.00% |
Are you overpaying your bank?
| Conversion rates Nigerian Naira / US Dollar |
|---|
| 250 NGN | 0.64433 USD |
| 500 NGN | 1.28866 USD |
| 1000 NGN | 2.57732 USD |
| 2000 NGN | 5.15464 USD |
Convert
USD/NGN - TransferWise.
Are you overpaying your bank?
| Conversion rates US Dollar / Nigerian Naira |
|---|
| 5000 USD | 1940000.00000 NGN |
| 10000 USD | 3880000.00000 NGN |
Are you overpaying your bank?
| Conversion rates US Dollar / Nigerian Naira |
|---|
| 1 USD | 388.00000 NGN |
| 5 USD | 1940.00000 NGN |
| 10 USD | 3880.00000 NGN |
| 20 USD | 7760.00000 NGN |
Exchange Rate Today For Converting West African CFA Francs to Nigerian Naira - 1 XOF = 0.137 NGN
| Convert XOF: | 1 | 50 |
|---|
| Into NGN: | 0.74 | 36.93 |
100 AUD to USD = 77.5268 US Dollars.
XE Currency Converter: 1 AED to NGN = 103.889 Nigerian Nairas.
XE Currency Converter: 1 EUR to NGN = 462.064 Nigerian Nairas.
