How much money should I take to Nigeria?

The average price of a 7-day trip to Nigeria is $1,722 for a solo traveler, $3,179 for a couple, and $954 for a family of 4. Nigeria hotels range from $27 to $128 per night with an average of $44, while most vacation rentals will cost $90 to $400 per night for the entire home.

Is $100 a lot in Nigeria?

Largely depends on who you ask. $100 is around 36,000 Naira which is twice our current official minimum monthly wage. To someone who earns minimum wage, which unfortunately is the bulk of the Nigerian populace, it is a lot of money.

What can $100 buy in Nigeria?

$100 is work 36,300 in Nigerian currency.

  • 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.

Is $50 a lot of money 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.

IT IS INTERESTING:  Which is the best cement in Nigeria?

What can 50000 Naira buy in Nigeria?

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.

How much is rich in Nigeria?

Above should cost you recurrent expenditure of about N10M a year. Capital cost about N15M a year. You should be able to survive 45years living in Nigeria with N550,000,000.00. You would be considered wealthy* in Nigeria.

How much is a Coke in Nigeria?

Cost of living in Nigeria is, on average, 59.06% lower than in United States.

Cost of Living in Nigeria.

Restaurants Edit
Coke/Pepsi (12 oz small bottle) 129.19₦
Water (12 oz small bottle) 91.62₦
Markets Edit
Milk (regular), (1 gallon) 3,805.89₦

How much is $100 dollar in Nigeria money?

Are you overpaying your bank?

Conversion rates US Dollar / Nigerian Naira
10 USD 3880.00000 NGN
20 USD 7760.00000 NGN
50 USD 19400.00000 NGN
100 USD 38800.00000 NGN

How much is rent in Nigeria?

Cost of living in Nigeria chart

Accommodation (monthly rent)
Three-bedroom apartment in city centre NGN 400,000
Three-bedroom apartment outside of city centre NGN 80,000
One-bedroom apartment in city centre NGN 150,000
One-bedroom apartment outside of city centre NGN 40,000

What is a naira to a dollar?

Are you overpaying your bank?

Conversion rates Nigerian Naira / US Dollar
1 NGN 0.00258 USD
5 NGN 0.01289 USD
10 NGN 0.02577 USD
20 NGN 0.05155 USD
IT IS INTERESTING:  Why Egypt is called Egypt?

How much is 1 $50 in Nigeria money?

For fifty dollars you get today 20,547 naira 99 kobo.

USD to NGN Table.

USD NGN
$1 = ₦410.96
$10 = ₦4,109.60
$20 = ₦8,219.20
$50 = ₦20,547.99

Is 500 a lot of money in Nigeria?

$500 is a handful of money, you could engage in a start-up and it sure would take you a long way. Although depending on ones location, There are people who open a beauty bar and generate mild income.

How much is $500 US in Nigeria?

Are you overpaying your bank?

Conversion rates US Dollar / Nigerian Naira
50 USD 19400.00000 NGN
100 USD 38800.00000 NGN
250 USD 97000.00000 NGN
500 USD 194000.00000 NGN

What can you buy with 1 million Naira in Nigeria?

Business I can start with 1 million naira in Nigeria

  • Opening a small supermarket. …
  • Opening a small restaurant. …
  • Boutique business. …
  • Phone and computer accessory business. …
  • Bakery business. …
  • Producing yoghurt and ice cream. …
  • Poultry farming. …
  • Fish farming.

16.01.2019

What is a good salary in Lagos Nigeria?

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.

Which investment is best in Nigeria?

Here are the most lucrative investment opportunities in Nigeria:

  1. Agriculture. Nigeria’s population is estimated to be over 200 million. …
  2. Real Estate. Real Estate in one of the most profitable investment opportunities in Nigeria. …
  3. Oil and Gas. …
  4. Mining. …
  5. Manufacturing Industry. …
  6. FGN Savings Bond. …
  7. Stocks. …
  8. Fixed deposit.
IT IS INTERESTING:  Who is the director of NGO in Nigeria?
Hai Afrika!