Nigeria in detail

Money and Costs


Bargaining is a handy skill in Nigeria, whether you're shopping in a market or negotiating with a taxi driver: always ask the price before getting in. You may be able to negotiate a deal when booking a hotel room.


ATMs are increasingly widespread and many are connected to international systems such as MasterCard or Visa. GTB is the most reliable.


Used freely as both a noun and a verb, 'dash' is a word you'll hear a lot in Nigeria. It can mean either a bribe or a tip. The most frequent form of dash you're likely to encounter is at police roadblocks. In large-scale corruption, money is referred to as 'chopped' (literally 'eaten'). Although you're actually unlikely to be asked for dash as a bribe, dashing someone who performs a service for you, such as a guide or driver, is often appropriate.

Exchange Rates

New ZealandNZ$N211

For current exchange rates, see


  • Hotels Tip N1000 or so for help with bags
  • Restaurants For decent service 10% is customary
  • Taxis Tips are not expected, but add one for good service


The unit of currency is the naira (N).

Credit Cards

Credit cards are accepted at only a few places, and use them with caution. Notify your bank before you use your cards in Nigeria as fraud scams have made it a red flag country for transactions.

For online purchases such as buying internal flights your card may be refused. You may have to ask a trusted local to make the transaction for you, then reimburse them.

Changing Money

Bring higher denomination dollars or pounds for the best exchange rate.

There are moneychangers in each town and they are almost always Hausa.

Western Union branches are useless unless you have a Nigerian bank account.

Daily Costs

Budget: Less than US$75

  • Hotel room: US$35–50
  • Two-course dinner: US$4–10
  • Coffee: US$1–1.50
  • Local bus ride: US$1–3

Midrange: US$125-200

  • Hotel room: US$100–150
  • Two-course dinner: US$20–35
  • Beer in bar: US$4–5
  • Short taxi ride: US$8–15

Top End: More than US$250

  • Hotel room: US$250–400
  • Two-course dinner: US$50–100
  • Glass of wine: US$10–15
  • Longer taxi ride: US$20–40


Naira (N)