The Nigerian currency is Naira (NGN). It was introduced in 1973 replacing the former currency pound that was used in Nigeria. 1 naira is divided into 100 kobo. The coins in kobo only exist in 50 as of 2007. Nigerian naira notes come in 2, 5, 10, 20, 50, 100, 200, 500 and 1000. The 50 kobo note and 1 naira note are not used anymore. With inflation historically high for the Nigerian Naira a number of revisions has been made for coins and notes the last decades. Today the nigerian naira floats and is not pegged to the US dollar since 2016.
The Naira (NGN) is Nigeria's official currency of the Federal Republic of Nigeria. It is a strong currency on the African continent. It is, however, weaker than the Kenyan Shilling, Egyptian Pound, and South African Rand, which are the strong currencies on the continent.
As of October 2021, one US Dollar was exchanging for 410 NGN. One Sterling Pound was worth 560 NGN, and the Euro was exchanged for 475 NGN.
As the trend of online casinos adopting local currencies continues, people can now play with the Naira in most casinos accessible from the oil-rich country. Top casinos that accepted the Nigerian Naira include 1xSlots, 22Bet, Vegas Hero, Casino Masters, MegaPari, PariPesa, Casoola, Pelaa, Kassu, and Spela Casino.
These casinos offer players the best welcome bonuses and top games in both the table and slot selection.
Playing with the Naira benefits players in the country as they do not have to incur currency exchange charges. They are also able to deposit and withdraw money with ease.
More and more casinos entering the country are adopting the currency as a payment method. Although there are smaller denominations known as Kobo, one Naira is usually the accepted minimum deposit/withdrawal amount in most online casinos.