FAQ About Sending Money to Nigeria

• What's the cheapest way to send money to Nigeria?

  The cheapest way to send money to Nigeria is through an online provider. Among the 7 available, WorldRemit was most often the cheapest provider (in 55.4% of the searches on Monito.com in the past 3 months).

• How much does it cost to send money to Nigeria?

  If you send money with the cheapest available provider, the total cost of a transfer to NGN was -7.5% of the transfer amount (including all fees and exchange rates) over the past month. Of course, this figure will vary based on the sending country, the pay-in and pay-out options

  In contrast, the cost of the most expensive option was -1.2% on average.

• Is Western Union good for sending money to Nigeria?

  Western Union is a popular provider with the biggest agent location network. The average cost of online money transfers to Nigeria with Western Union* is 0.7% of the amount you send, whereas the cheapest online services have an average cost of -7.5%. WorldRemit is the provider that is most often the cheapest for money transfers to a cash pick-up location in Nigeria.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest cash pick-up provider in Nigeria?

  Over the past three months, the provider that was most often the cheapest for cash pick-up transfers in Nigeria was WorldRemit, with an average cost of -2.4% of the amount you send (which includes fees and exchange rate margins).
  
  The average total cost to send to a bank account rather than a pick-up location during the same period was -7.5%. WorldRemit was the provider most often the cheapest for transfers to bank accounts in Nigeria.

• What is the fastest option to send money to Nigeria?

  The provider that was most often the fastest on Monito's comparisons over the last three3 months was WorldRemit (average fastest transfer time: Same day)