Nigeria
Africa · Nigerian naira (NGN) · 237.5 million people
Inflation
15.4%
No change since July · Aug 2026
GDP per person
US$1,224
2025
Inflation and the interest rate
Inflation was 15.4% in Aug 2026, unchanged from July. The interest rate has been 27.00% since Sep 2025.
Monthly, consumer prices year on year.
Exchange rates
Closing rates on 6 Oct 2026. Changes are over 30 days.
US$1 in NGN
1,329
▲ +0.5%
€1 in NGN
1,493
▼ −2.9%
£1 in NGN
1,760
▼ −1.6%
¥1 in NGN
8.406
▼ −0.5%
CN¥1 in NGN
198.3
▲ +0.7%
₹1 in NGN
13.80
▼ −1.3%
Moves are neutral, so they're shown in ink with ▲/▼. All exchange rates
Cost of living
Minimum wage
Monthly, full time · 2024
₦65,000 a month
about US$49
Minimum wage from ILOSTAT.
Economy at a glance
GDP per person at PPP
2025 · international dollars
US$9,500
Population
2025
237.5 million
▲ 2.1% vs 2024
Sources and method
Figures from the IMF, the World Bank and ILOSTAT. Exchange rates are daily rates from the European Central Bank and other central banks, via Frankfurter. For guidance only. Read the disclaimer
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