The Nile monitor (Varanus niloticus) is a large member of the monitor family (Varanidae) found throughout most of Sub-Saharan Africa, particularly in drier regions, and along the Nile River and its tributaries in East Africa. Additionally, there are modern, invasive populations in North America. The population found in West African forests and savannahs is sometimes recognized as a separate species, the West African Nile monitor (V. stellatus). While it is dwarfed by its larger relatives, such as the Komodo dragon, the Asian water monitor or the crocodile monitor, it is still one of the largest lizards in the world, reaching (and even surpassing) Australia's perentie in size. Other common names include the African small-grain lizard, as well as iguana and various forms derived from it, such as guana, water leguaan or river leguaan (leguan, leguaan, and likkewaan mean monitor lizard in South African English, and can be used interchangeably).

A feral population of Nile monitors (descended from escaped or intentionally-released pets) has become established in several locations in South Florida. In addition to any illegally-released animals, it is speculated that during particularly intense hurricane seasons in Florida, many reptiles potentially escape when their enclosures are damaged or inadvertently unlocked; as Florida has a semi-tropical to tropical climate, many reptiles are housed outdoors, and poorly-secured enclosures may become damaged during bad storms. Along with Nile monitors, Florida is infamous for its feral populations of agamas, Argentine black and white tegus, Burmese pythons, green iguanas, Madagascar giant day geckos, and panther and veiled chameleons, among others. Many of these species are thought to be descendants of hurricane escapees.

Members of the Nile monitor species group were already well known to Africans in ancient times. For example, they were commonly caught, likely as food, in the Djenné-Djenno culture at least a millennium ago.

The Nile monitor twice was given a scientific name by Carl Linnaeus: First as Lacerta monitor in 1758 in the 10th edition of Systema Naturae, the starting point of zoological nomenclature. He described it again in 1766 as Lacerta nilotica. Despite being older, the name proposed in 1758 is invalid because it was rejected in ICZN opinion 540, making the name of 1766 valid. The genus Varanus was coined in 1820 by Blasius Merrem. Six years later Leopold Fitzinger moved the Nile monitor into this genus as Varanus niloticus, the currently accepted scientific name for the species.

As traditionally defined, the Nile monitor is a species complex. The ornate monitor (V. ornatus) and West African Nile monitor (V. stellatus) were described as species in 1802 and 1803 by François Marie Daudin. In 1942, Robert Mertens moved them both into the Nile monitor (V. niloticus); as synonyms or as a valid subspecies. This was the standard treatment until 1997, when a taxonomic review based on color and morphology indicated that the ornate monitor is distinctive and revalidated it as a separate species from rainforests of West and Central Africa. In 2016, a review based primarily on genetics came to another result. They found that monitors from West African forests and adjacent savannah are distinctive and worthy of recognition as a separate species: the West African Nile monitor (V. stellatus). It is estimated to have split from the others in the Nile monitor complex about 7.7 million years ago, making it older than the split between humans and chimpanzees. In contrast, those in the Central African rainforests are genetically similar to the Nile monitor. This essentially splits the ornate monitor—as defined in 1997—into two: the western being the West African Nile monitor and the eastern (of Central African rainforests) being moved back into the Nile monitor. As the type locality for the ornate monitor is in the Central African country of Cameroon, the scientific name V. ornatus becomes a synonym of V. niloticus. Individuals with the "ornate color pattern" and individuals with the "Nile color pattern" occur in both the West African Nile monitor and the Nile monitor, with the "ornate" appearing to be more frequent in densely forested habitats.

With the West African Nile monitor as a separate species, there are two main clades in the Nile monitor: A widespread clade found throughout much of Southern, Central and East Africa, as well as more locally in coastal West Africa. The other clade includes the monitors of the Sahel (Mali to Ethiopia) and Nile regions. Despite the differences, the Reptile Database maintains both the ornate monitor and West African Nile monitor as synonyms of the Nile monitor, but do note that this broad species definition includes distinctive subpopulations.

The Nile monitor is Africa's longest lizard. They grow from about 120 to 220 cm (3 ft 11 in to 7 ft 3 in) in length, with the largest specimens attaining 244 cm (8 ft). In an average-sized specimen, the snout-to-vent length will be around 50 cm (1 ft 8 in). In body mass, adults have been reported to vary widely, one study claiming only 0.8 to 1.7 kg (1.8 to 3.7 lb), others state weights ranging from 5.9 to 15 kg (13 to 33 lb) in big monitors. Variations may be due to age or environmental conditions. Exceptionally large specimens may scale as much as 20 kg (44 lb), but this species weighs somewhat less on average than the bulkier rock monitor.

They have muscular bodies, strong legs, and powerful jaws. Their teeth are sharp and pointed in juvenile animals and become blunt and peg-like in adults. They also possess sharp claws used for climbing, digging, defense, or tearing at their prey. Like all monitors, they have forked tongues, with highly developed olfactory properties. The Nile monitor has quite striking, but variable, skin patterns, as they are greyish-brown above with greenish-yellow barring on the tail and large, greenish-yellow rosette-like spots on their backs with a blackish tiny spot in the middle. Their throats and undersides are an ochre-yellow to a creamy-yellow, often with faint barring.