Nisab in Nigeria Today
Live gold and silver Nisab in Nigerian Naira (₦), based on today's international gold and silver prices.
595 grams of silver
85 grams of gold
Gold and silver prices today in Nigeria
| Metal | Per gram |
|---|---|
| Gold 24k | NGN 172,057.07 |
| Gold 22k | NGN 157,718.98 |
| Gold 21k | NGN 150,549.93 |
| Gold 18k | NGN 129,042.80 |
| Silver | NGN 2,328.08 |
International spot prices as of 23 October 2026, converted at 1 USD = 1,329.7997 NGN. Local shop prices include making charges and may be higher.
How the Nisab is calculated
Silver Nisab = 595 g × NGN 2,328.08 = NGN 1,385,207.80
Gold Nisab = 85 g × NGN 172,057.07 = NGN 14,624,850.53
If your zakatable wealth has stayed at or above the Nisab for a full lunar year, Zakat of 2.5% is due. Learn more in What is Nisab in Islam?
Frequently asked questions
What is the Nisab in Nigeria today?
As of 23 October 2026, the silver Nisab is NGN 1,385,207.80 and the gold Nisab is NGN 14,624,850.53. These are the values of 595 g of silver and 85 g of gold at today's prices.
How much Zakat do I pay in Nigeria?
Zakat is 2.5% of your zakatable wealth (cash, gold, silver, investments and business stock, minus debts due now), once it has stayed above the Nisab for a full lunar year. For example, on NGN 5,000,000.00 the Zakat due is NGN 125,000.00.
Should I use the gold or silver Nisab?
Scholars differ. Many recommend the silver Nisab because it is lower, so more people pay Zakat and more of the poor benefit. Others use the gold Nisab, especially when most of your wealth is held in gold. If you're unsure, follow a scholar you trust.
Why do some sites show a different Nisab?
Scholars convert the 20 dinars of gold and 200 dirhams of silver to grams using slightly different coin weights. This page uses 85 g of gold and 595 g of silver (AAOIFI and most scholars). Using 87.48 g / 612.36 g (Hanafi / tola (South Asia)) instead, the silver Nisab is NGN 1,425,623.27 and the gold Nisab is NGN 15,051,552.05. Both are valid, so follow the one your scholar uses. You can switch between them in the Zakat calculator.