Nomad Watch

Business

Studio Purchase Price (City Center)
Approx. 450,000 NGN per m² (e.g., 40 m² = 18,000,000 NGN)
Studio Purchase Price (Outside City)
Approx. 250,000 NGN per m² (e.g., 40 m² = 10,000,000 NGN)
1-Bedroom Purchase Price (City Center)
Approx. 400,000 NGN per m² (e.g., 60 m² = 24,000,000 NGN)
1-Bedroom Purchase Price (Outside City)
Approx. 200,000 NGN per m² (e.g., 60 m² = 12,000,000 NGN)
2-Bedroom Purchase Price (City Center)
Approx. 375,000 NGN per m² (e.g., 80 m² = 30,000,000 NGN)
2-Bedroom Purchase Price (Outside City)
Approx. 187,500 NGN per m² (e.g., 80 m² = 15,000,000 NGN)
Corporate Tax
30% (Large companies), 20% (Medium companies)
Dividend Withholding Tax
10%
Tax System
Worldwide income for residents staying >183 days
Highest Income Tax Bracket
24%
VAT
7.5%
Controlled Foreign Company (CFC) Rules
No specific CFC legislation, but general anti-avoidance rules apply.
Property Tax
Land Use Charge (Based on assessed value)
Property Transaction Tax
Consent Fees and Stamp Duty (approx. 5-10% total)
Attractive Tax System for Digital Nomads
No specific visa yet; remote workers often fall under Personal Income Tax Act (PITA).

Essentials

City
Benin City, Edo State, Nigeria
Population
Approximately 1,900,000
Internet Speed
Fiber (20-50 Mbps), 4G LTE consistently around 15 Mbps
Currency & Banking
Nigerian Naira (NGN). 1 USD ≈ 1,600 NGN (March 2026 market estimate)
Tap Water
Not drinkable; use bottled water like Eva or Gossy (approx. 250 NGN per 75cl)
Power
240V, 50Hz, 🔌 Type G (UK style). Power is inconsistent; backups are essential.
SIM Card
MTN Nigeria, Airtel Nigeria. 10GB data costs approx. 5,000 NGN
Banking for Expats
GTBank, Zenith Bank. Use OPay or PalmPay for easy mobile transfers.
Accommodation
Short-stay apartments and hotels via Booking.com or local agents
Cashless Friendly
Moderately; POS terminals are common, but bank transfers are the preferred digital method.
Short Term Rentals
Presido Apartments (GRA), Protea Hotel by Marriott (from 120,000 NGN/night)
Budget Accommodation
Edo Heritage Hotel (approx. 25,000 NGN/night)
Best Area to Stay for Tourists
GRA (Government Reservation Area) - safest and most developed
Best Area to Stay for Digital Nomads
Ekenwan Road or GRA for better proximity to hubs and consistent power grids

Working and Networking

Best Coworking Space
Edo Innovation Hub, ICE Road (Daily desk: 3,000 NGN)
Best Cafe for Work
The Glass House Cafe, GRA (Good Wi-Fi, Excellent coffee)
Networking Events
Edo Tech Meetups at Edo Innovates; Benin City Business Forum
Social Events for Expats
Benin Club (Membership required, social hub for professionals)

Transportation

Best Taxi/Ride App
Bolt (most active), Uber
Bike/Scooter Rental
Not recommended; 'Okada' (motorcycles) are restricted in many zones
Best Beach Nearby
Gelegele Seaport (river beach), approx. 45 mins drive
Top Regional Airline
Air Peace, United Nigeria Airlines (Flights to Lagos/Abuja starting at 90,000 NGN)
Top International Airline
Lufthansa, Qatar Airways (via Lagos Murtala Muhammed Airport)
Highway Access
A2 Highway (North-South), A121 (to Lagos)
Main Train/Transit Hub
Itakpe-Ajaokuta-Warri Rail (Ujevwu Station is the nearest major link)
Public Transport Passes
ECTS (Edo City Transport Service) - Pay per ride (approx. 300-500 NGN)
Regional Travel
Interstate buses via God Is Good Motors (GIGM) in Utako

Health and Wellness

Best Hospital
University of Benin Teaching Hospital (UBTH) or Lily Hospitals (Private)
Yoga & Wellness Centers
BodyTrust Fitness Gym, GRA
Gyms & Fitness Centers
G-Multi Fitness Centre, Sapele Road (Monthly: 15,000 NGN)
Laundry Services
Clean Ace Dry Cleaners, Boundary Road (Shirt: 1,200 NGN)

Food and Drink

Best Food Delivery App
Chowdeck, Glovo
Best Local Dish to Try
Bini Black Soup (Omoebe) with Pounded Yam
Vegan/Vegetarian Options
Sabor Lagos (Benin Branch) - Salad options and meatless sides
Best Dessert Spots
Cold Stone Creamery, GRA; Jevinik Restaurant (Traditional desserts)
Affordable Shopping Spots
Santana Market, Oba Market
E-commerce/Online Store
Jumia Nigeria, Konga
Grocery Delivery
PricePally (Bulk buying), Manor Supermarket
Bar/Nightlife Area
Etete/GRA Nightlife Strip (Vignis, Club Novonia)
Local Brewery
Guinness Nigeria Brewery (Ikpoba Hill)
Wine Bars
The Winehouse, GRA
Street Food Stalls
Suya spots at Ring Road (Stick: 1,000 - 3,000 NGN)
Popular International Cuisine
Mr. Bigg's (Fast Food), Real Cuisine (Chinese/Continental)

Culture and Attractions

Must-See Landmarks
The Oba's Palace, Ring Road
Museums & Art Venues
Benin City National Museum (Entry: 500 NGN for locals, 2,000 NGN for foreigners)
Historical Sites
Benin Moat (Iya) - prehistoric earthworks
Religious Sites
Holy Aruosa Cathedral (Oldest church in Benin)
Annual Events
Igue Festival (December)
Cultural Districts
Igun Street (UNESCO Heritage site for Bronze Casting)
Theater Venues
Victor Uwaifo Creative Hub
Local Markets
Ekenwan Market (Fresh organic produce)
Music Scene
Highlife and Afrobeats (Local joints in Uzebu)
Street Art
Bronze statues at statuesque junctions like Ring Road
Cooking Classes
Local workshops arranged via Edo Innovates hub
Art Galleries
Omoebe Art Gallery
Historic Buildings
Chief Ogiamien’s House (survived the 1897 British expedition)
Local Heritage
The Coral Beads and Bronze Works

Nature and Outdoor Activities

Nearby Nature Escapes
Okomu National Park (90 mins away)
National Parks Nearby
Okomu National Park (Home to the white-throated monkey)
Cycling/Walking Paths
Uniben Ugbowo Campus (Safe for morning jogs/cycles)
Scenic Viewpoints
Ikpoba River Bridge views
Birdwatching Locations
Okomu Sanctuary forest trails
Bonfire-Friendly Spots
Private resorts like Kada Plaza outskirts

Other Services and Amenities

Parcel Delivery Service
DHL Benin, GIG Logistics (GIGL)
Tech Repair Services
Airport Road Phone Hub
Table Tennis Spots
Benin Club Sports Center
Language Classes
Bini Language Institute (various local centers)
Libraries & Study Spots
Edo State Central Library
Casino & Gaming Halls
Novonia Privé Casino
Community Centers
The Oba Akenzua II Cultural Centre
Gaming Lounges
Kada Plaza Cinema & Gaming Zone

Continue exploring Benin City