Quick Answer: What Kind Of Money Is Used In Nigeria?

How much is $300 US dollars in Nigeria?

USD US Dollar to NGN Nigerian Naira Currency Rates Today: Wednesday, 31/03/2021DateUS DollarNigerian Naira30/03/2021300 USD =117638.30 NGN29/03/2021300 USD =118485.48 NGN28/03/2021300 USD =118448.33 NGN27/03/2021300 USD =114000.00 NGN4 more rows.

How much is $2000 dollars in Nigeria?

Convert USD/NGN – Wise….Are you overpaying your bank?Conversion rates US Dollar / Nigerian Naira2000 USD776000.00000 NGN5000 USD1940000.00000 NGN10000 USD3880000.00000 NGN9 more rows

Is $200 a lot of money in Nigeria?

At the current exchange rate of N360/dollar, $200 is N72000. With up to two-thirds of the population living on less than a dollar a day, Nigerians living in poverty rise , $200 is a lot of money for most Nigerians.

Is Nigeria a good place to live?

Nigeria has great people, a lot of tourist centres, is free from natural disasters and is a great place to live. In summary, Nigeria is a good place for the rich but a bad place for the poor.

How much is a Big Mac in Nigeria?

The price of Combo meal in fast food restaurant (Big Mac Meal or similar) in Lagos is 2,725 ₦

What is the average rent in Nigeria?

Cost of living in Nigeria chartAccommodation (monthly rent)Three-bedroom apartment in city centreNGN 400,000One-bedroom apartment in city centreNGN 150,000One-bedroom apartment outside of city centreNGN 40,000Shopping and groceries21 more rows

What is 1million naira in dollars?

2624.67192 USDNGNUSD2 NGN =0.00525 USD5 NGN =0.01312 USD10 NGN =0.02625 USD15 NGN =0.03937 USD4 more rows

What is the current exchange rate of dollar to naira in black market?

Black Market Exchange RatesCurrencySell / Buy RateChangeUSD₦ 485 / 4800.00%EUR₦ 578 / 5700.00%GBP₦ 680 / 6700.00%CAD₦ 400 / 3900.00%7 more rows

Is 50 dollars a lot in Nigeria?

To answer your question, $50 is worth just about NGN17,750 (using $1 = NGN355). Where NGN represents Nigerian Naira. You can only do grocery shopping with that amount of money and if you’re a spender, that may not last you more than a day.

How can I get money from USA to Nigeria?

Some of the best money transfer services to send money to Nigeria from the USASending Money to Family and Friends: Remitly.Best Exchange Rates: Wise (formerly known as TransferWise)Sending Cash to be Picked Up: WorldRemit.Paying in Person: Western Union.Best Big Brand: Xoom, powered by PayPal.

Why is there no McDonald’s in Nigeria?

The biggest obstacle blocking McDonald’s from Nigeria is a lack of adequate supply chains. Geographically, Nigeria lies too far from South Africa, Egypt or Morocco to simply expand existing supply chains. Countries with no existing McDonald’s outlets are highlighted here in red.

Does it ever get cold in Nigeria?

The Tropical monsoon climate has a very small temperature range. Then temperature ranges are almost constant throughout the year, for example, Warri town in the southern part of Nigeria, records a maximum of 28 °C (82.4 °F) for its hottest month while its lowest temperature is 26 °C (78.8 °F) in its coldest month.

How much is $100 US in Nigeria?

Are you overpaying your bank?Conversion rates US Dollar / Nigerian Naira10 USD3880.00000 NGN20 USD7760.00000 NGN50 USD19400.00000 NGN100 USD38800.00000 NGN8 more rows

Is Nigeria expensive to live?

Summary: Family of four estimated monthly costs are 1,629$ (618,837₦) without rent. A single person estimated monthly costs are 449$ (170,595₦) without rent. Cost of living in Nigeria is, on average, 59.46% lower than in United States.

How many dollars is 2000naira?

Are you overpaying your bank?Conversion rates Nigerian Naira / US Dollar250 NGN0.64433 USD500 NGN1.28866 USD1000 NGN2.57732 USD2000 NGN5.15464 USD8 more rows

How much money do I need to live in Nigeria?

With 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.

How much is $50 dollars in Nigeria?

Are you overpaying your bank?Conversion rates US Dollar / Nigerian Naira5 USD1940.00000 NGN10 USD3880.00000 NGN20 USD7760.00000 NGN50 USD19400.00000 NGN8 more rows

How much is dollar to naira in Western Union?

Convert Dollar to Naira in Western UnionDollarNaira1 Dollar to Naira₦ 380.285 Dollars to Naira₦ 1,901.410 Dollars to Naira₦ 3,802.820 Dollars to Naira₦ 7,605.67 more rows

How much is 100dollar Itunes card in Naira?

How much is $100 itunes card in NAIRA | | OneX BTC. Exchange Itunes gift card to naira. how to sell itunes gift card for naira. Itunes Gift card Exchange Rates: $50 gift card~14500 NGN $100 gift card~29000 NGN.

What is a good salary in Nigeria?

A person working in Nigeria typically earns around 339,000 NGN per month. Salaries range from 85,700 NGN (lowest average) to 1,510,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.