Nigeria
Nigeria calculators
With the values in force in Nigeria, the source of each one and the date we checked it.
Official data, updated automatically
An automated process checks the official sources every day. Rule changes go live after we verify them.
- Last review of the rules
- Latest automatic figure
- NFEM rate, naira per US dollar (volume weighted average),
- Official sources
- 6 official documents
Pay and work
- Net salary calculator Nigeria 2026Enter your monthly basic salary and allowances to see how much reaches your account after pension, NHF and PAYE.
- National minimum wage in NigeriaThe national minimum wage is ₦70,000 a month. Enter your pay to see how it compares.
- Hourly to salary calculatorHow much is your salary per hour? What does an hourly offer come to per year? Enter an amount, pick the period and we show all the others.
- Pay raise calculatorYou have been offered a raise, or you are about to ask for one. Enter your pay and the raise, as a percentage or an amount, and see how much changes each month and year.
- Time card calculatorPick the start and end time for each day, your unpaid break and your hourly pay. We show total hours, overtime and your pay for the week.
Taxes
- PAYE tax calculator 2026From 1 January 2026, personal income tax follows the Nigeria Tax Act, 2025. Enter your income and deductions to see your tax for the year and your monthly PAYE.
- Pension contribution calculatorUnder the Contributory Pension Scheme, you and your employer pay into your Retirement Savings Account (RSA) every month. Enter your pay to see both shares.
- Employer cost calculatorHiring in Nigeria costs more than the salary. Enter the pay to see the employer's pension and Employees' Compensation Scheme contributions on top.
- VAT calculator NigeriaValue Added Tax in Nigeria is 7.5% on taxable goods and services. Enter an amount to add VAT or to find the price before VAT.
Money and indexes
Money and indexes
- Dollar to naira at the official NFEM rateEnter an amount to convert between US dollars and naira at the latest NFEM rate published by the Central Bank of Nigeria.
- Fixed deposit calculatorEnter the amount, the rate your bank offers and the tenor in days. You get the interest and the amount at maturity.
Loans, savings and investing
- Loan calculatorBefore you sign for a loan, two numbers matter: what you pay each month and what the loan costs you in interest.
- APR to APY calculatorTwo offers with the same rate can cost different amounts. The difference is how often interest is charged or paid.
- Mortgage calculatorA mortgage is the biggest debt most households ever take on. It pays to see the full numbers before you talk to a lender.
- Rent vs buy calculatorComparing the mortgage payment with the rent is not enough. Buyers pay interest, upkeep and property tax, but they end up owning the home. Renters can keep the down payment invested.
- Compound interest calculatorWith compound interest, the interest is added to your balance and starts earning interest of its own. That is why savings grow faster and faster.
- Simple interest calculatorSimple interest is always worked out on the original principal: interest is not added to the balance during the term.
- Savings goal calculatorA trip, a car, a deposit on a home or a cushion for surprises. A goal with an amount and a date is much easier to hit.
- Retirement savings calculatorA state pension often is not enough to keep your standard of living. Savings of your own, even small ones, make a big difference if you start early.
- Credit card payoff calculatorA credit card is usually the most expensive debt you have. Paying only the minimum stretches it out for years and piles on interest.
- 50/30/20 budget calculatorThe 50/30/20 rule is a simple way to plan your month. Half goes to essentials, 30% to things you enjoy and 20% to savings.
- Emergency fund calculatorAn emergency fund is money set aside for what you can't plan for: losing your job, a health problem or an urgent home repair.
- Car cost calculatorMost people know what they spend on fuel. Few add up insurance, maintenance, parking and, above all, the value the car loses every year.
Business and self-employment
- ROI calculatorA 50% gain sounds great, but it is not the same over 2 years as over 10. To compare investments you need the return per year.
- Profit margin calculatorMargin and markup get mixed up all the time, and the difference can cost you money. Both measure the same profit, but against a different base.
- Break-even calculatorThe break-even point is the level of sales where a business neither makes nor loses money. Below it you lose, above it you start to profit.
- Freelance rate calculatorThe most common freelance mistake is taking the salary you would want as an employee and dividing it by 160 hours. That leaves out taxes, expenses, vacation and every hour you can't bill.
Other calculators
- NHF contribution calculatorThe National Housing Fund collects a small share of workers' pay to fund home loans. Enter your basic salary to see what you contribute.
- Company income tax calculator NigeriaUnder the Nigeria Tax Act, 2025, small companies pay no companies income tax. Other companies pay 30% of total profits and a development levy of 4%.
- Stamp duty on bank transfersUnder the Nigeria Tax Act, 2025, an electronic transfer or receipt of money carries a fixed stamp duty of ₦50. Enter your usual transfers to see what it adds up to.
- Rent relief calculatorRent relief is new from 2026. If you rent your home, part of the rent comes off your chargeable income. Enter your yearly rent to see the relief.
- Tax on compensation for loss of employmentIf you receive compensation for losing your job or office, the Nigeria Tax Act, 2025 leaves the first ₦50,000,000 untaxed. Enter the amount to split it.
- Treasury bill calculatorTreasury bills are sold at a discount: you pay less today and receive the face value at maturity. Enter the face value, the discount rate and the tenor.