About us

Monito is a comparison website for international money transfer services.

We compare and review more than 350 money transfer operators, to help you find the best option for each of your international transaction.

Exchange rate alerts

Save money by sending at the right time, with the right provider.

Find the Best Rated Providers to Send Money to Nigeria

Our real-time comparison engine finds the cheapest providers for your transfer to Nigeria. You save on fees and exchange rates, and more money arrives.

How to send money to Nigeria

Discover how to make a money transfer to Nigeria with the best providers in a few easy steps

1. Make sure the Nigerian naira conversion rate is in your favor

Even though the evolution of the exchange rate is unforseeable, it can help you save money to monitor it so that you can maximize how much you will receive against your sending currency. Track the mid-market exchange rate and send the money when you can get a good exchange rate.

2. Compare the 12 money transfer providers sending money to Nigeria and find the best deal.

There are 12 services offering money transfer services to Nigeria, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. Using the best money transfer provider from the more than 12 available options is a sure way to save on fees and exchange rate.

3. Select the best money transfer company based on your criteria

Do you want to send money to Nigeria with the most competitive provider, with the fastest option or with the solution with the best customer reviews?

Another important aspect is to consider the pay-in/out methods. Bank transfer or credit/debit cards are the most often available pay-in options to send money to Nigeria online. On the recipient's side in Nigeria, choose if you need the amount in NGN to be deposited on a local bank account or available for pick-up in cash at an agent location.

4. Sign up and start your transaction with the money transfer provider of your choice

The last step is to register on the provider's online portal (you normally have to give some documents to prove your identity), and configure your transfer.

I Want to Transfer Money to Nigeria, but Which Provider Should I Use?

There are plenty of options for sending money back to Nigeria. Here on Monito we cover all the popular specialist money transfer providers and banks for converting your money into nairas and sending it home. You can send money online and pay in a variety of ways including credit card.

We know there are lots of ways to transfer currency to Nigeria, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best online money transfer provider for you will depend on several areas like the exchange rate they offer, how much you are sending, where you are sending from, the currency you are exchanging into nairas and some other factors.

We take all of those details into account when recommending the best way to send money to Nigeria. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Nigeria from the US, the UK, Italy and other countries.

For most money transfer providers, you can either sign up through their websites or download their apps which will give you fast and easy access from any smart device. We provide a useful “Smart Alerts” service that tells you how currency exchange rates are changing so you can choose the best time to send nairas back to Nigeria. Learn more and sign up here.

The best money transfer providers to send money to Nigeria

How to Send Money to Nigeria

Thousands of people like you send money back to Nigeria every week. With over 15 million Nigerians living outside Nigeria, everyone needs an easy and inexpensive way to send nairas back home to benefit family, friends and others.

Banks in neither your adopted country nor Nigeria have the best fees or exchange rates for converting money into nairas. That’s why it’s vital to compare all of your options for sending money back to Nigeria so your nairas can go further. Whether you want to make a one-off currency transfer or you need to send money online regularly, we can help you find the best options.

People from Nigeria send around $20 billion back home each year, that’s an average of $1,300 each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Nigerians up to $1 billion collectively or up to $65 individually, every year.

You won’t get the best exchange rates from your bank or PayPal, and we want to stop you from overpaying. We make it easy to compare the best-value options for money transfer or you can select one of the recommended currency providers on this page. You can easily send money online and pay by wire transfer, bank deposit, credit card, cash or in some other way.

Where are your sending money to Nigeria from?

Country from
United Kingdom
Country to
You send

Save over 23,000 nairas a year when sending money to family, friends or businesses in Nigeria.

The Cheapest and Best Ways to Send Nairas to Nigeria

There are several good options for online currency exchange, depending on how the person you’re sending money to wants to get access to their nairas.

Sending Less Than $300 in Nairas to a Bank Account in Nigeria

If you want to send money to a bank account in Nigeria, we recommend using a specialist currency provider. If you’re transferring under $300 or equivalent, your best options include WorldRemit, TransferWise, Xoom or MoneyGram. You can find links to them elsewhere on this page.

Sending More Than $300 in Nairas to a Bank Account in Nigeria

If you’re sending more than $300, we recommend WorldRemit, TransferWise, Xoom or MoneyGram. You can find links to them elsewhere on this page.

Banks that You Can Transfer Nairas to in Nigeria

You can normally arrange to send nairas to any of the following banks: Access Bank, Diamond Bank, Ecobank, Keystone Bank, Union Bank and many more.

Cash Pick-Up Locations in Nigeria

Some of these banks are also popular locations for picking up nairas that you have transferred. If the beneficiary wants to collect nairas as cash in Nigeria without going through a bank, then providers like Xoom or MoneyGram are good options. You can find links to them elsewhere on this page.

Xoom has hundreds of local bank, cash agent and partner locations where you can pickup cash in Nigeria.

If you have any questions about sending nairas to Nigeria, we’re happy to help, get in touch with us now.