Currency exchanges in Ikeja

We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Ikeja below.

Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.

What you should know about exchanging money in Ikeja

Before exchanging money in Ikeja or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in Nigeria for long-term stays or substantial investments like buying property or cars.

1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.

2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.

3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.

4. Use ATMs strategically
Check if your home bank has partnerships in Nigeria banks to avoid extra ATM fees, and inform your bank before traveling.

5. Opt for local currency
When using an ATM abroad, choose to be charged in Nigerian nairas for a fairer rate and avoid undisclosed exchange rates and additional fees.

Bottom line

From the list above you should have plenty of options for finding a physical currency exchange in Ikeja. If you'd like more options, try searching on a search engine like Google.

Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.