Where to exchange money in Ibadan
If you’re planning a trip to Ibadan, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Ibadan. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Ibadan
If you’re planning a trip to Ibadan, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Ibadan. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Currency exchanges in Ibadan
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Ibadan.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| LoadNG Automated Systems | 23, Green Building, Opposite Sango Police Station, Sango, Ibadan Ibadan North Local Government, Ibadan 200282, Oyo, Nigeria | +234 812 970 0472 |
| Exchanger.NG | suite C2, okanlawon plaza Ijokodo, Ibadan 200223, Oyo, Nigeria | +234 708 976 0233 |
| My Ecurrency Nigeria | Heritage Estate, Adeyemo Link Rd, Oluyole, Ibadan 200261, Oyo, Nigeria | +234 903 969 0135 |
| Naira4Dollar (Ibadan branch) | Shop 29, Odua Shopping complet, Lister, Idi Ape Along Iwo road, Iwo Road, Ibadan 200285, Oyo, Nigeria | +234 809 431 6652 |
| NairaSwitch | building, Cocoa House, 15 Oba Adebimpe Road, Dugbe, Ibadan 200116, Oyo, Nigeria | +234 909 555 8888 |
| Stebab Xchange Enterprise | Sumal Foods, Town Planning Road Town Planning Complex, by MKO Abiola Way, Ibadan 200223, Oyo, Nigeria | +234 813 618 4782 |
| Meda Exchange | GW58+VX9, Moniya 202101, Oyo, Nigeria | +234 816 397 1694 |
| Selopay Nigeria | SW/75, Liebu Bye Pass, Dugbe, opposite Seedvest Microfinance Bank, Ibadan 200261, Oyo, Nigeria | +234 915 301 3275 |
| Xchange9ja | HRoyal Plaza, Beside Mosalasi Bus Stop, Ojurin Akobo Lagelu L.G.A, CWMX+MR8, Akobo, Ibadan 200101, Oyo, Nigeria | +234 913 107 0699 |
| Arshavin Global Services | Road 3 junction, Surulere Abese St, Ire Akari estate, Alao Akala Rd, Ibadan 200261, Oyo, Nigeria | |
| Summer-Gee Fundz | Rd11, HS 9 Adebisi Layout NNPC Area, Apata, Ibadan 20262, Oyo, Nigeria | +234 813 535 8683 |
| CandyTrade | 6 Alhaji Muritala St, Orogun, Alaka 200132, Oyo, Nigeria | +234 814 491 3491 |
| Pips Academy | Ward10 SW8 II,Ibadan, New Gra, Ibadan 200253, Oyo, Nigeria | +234 811 546 0955 |
| Anaas Money Exchange | 35,Sabo, Mokola Rd, Mokola Hill, Ibadan 200285, Oyo, Nigeria | +234 805 274 7274 |
| DiamondTrade Hub | CV94+2G9, Eleyele- Ologuneru Rd, Eleyele, Ibadan 200116, Oyo, Nigeria | +234 812 048 3310 |
| Wazobia Dollars | No 178 Obafemi Awolowo Way, Oke – Ado, Ibadan 200273, Oyo, Nigeria | +234 805 474 0056 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Nigerian naira rate today
First off, in case you’re wondering something along the lines of “does Nigeria use Nigerian naira?”, the answer is yes. The currency in Ibadan — and the rest of Nigeria— is Nigerian naira
You can also find it written as NGN in currency exchange shops.
What you should know about exchanging money in Ibadan
When exchanging money in Ibadan or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Nigeria long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Nigeria banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Nigerian nairas for a fairer rate and fees. The same applies if you get the option on card machines.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Ibadan. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.