🇳🇬 Nigeria
Silver Price in Nigeria Today (NGN)
Live silver rates in NGN, converted from the spot price in real time.
Silver per gram
₦2,858.53
NGN · spot · updates every minute
Silver / Gram
₦2,858.53
Silver / Tola
₦33,341.35
Silver / Troy Ounce
₦88,910.30
Silver / Kilogram
₦2,858,532.67
Other countries
Popular silver weights in Nigeria
Silver coin melt values in Nigeria
About silver in Nigeria
Silver market in Nigeria
The silver market in Nigeria tracks the London Bullion Market Association (LBMA) spot benchmark. Retail rates are converted from USD into NGN using the daily interbank exchange rate, then adjusted for local premiums, dealer margins and demand.
Taxes and import duties
Import duty and value-added tax in Nigeria vary by silver form. Investment-grade bullion (silver of 99.9% purity or higher) is often exempt from VAT in many jurisdictions, while jewellery attracts standard VAT plus a making charge.
Popular purities
The two dominant purities are .999 (fine silver) for bars and coins, and .925 (sterling) for jewellery and cutlery. Both should carry a stamp visible with a loupe.
Where to buy silver in Nigeria
Licensed bullion dealers, national mints, major bank branches and government-authorised jewellery associations are the safest routes in Nigeria. Online marketplaces and unlisted shops carry higher counterfeit risk and wider spreads.
Buying tip
Compare the shop's quoted per-gram rate against the live LBMA spot converted at the day's NGN rate. A premium over spot of 3–7% for coins and 1–4% for bars is normal — anything higher is usually the making charge.