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Find the Best Rated Providers to Send Money to Nigeria

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Find the Best Rated Providers to Send Money to Nigeria

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.

How to send money to Nigeria

Discover how to make a money transfer to Nigeria with the best NGN exchange rate in 4 easy steps

1. Check if the NGN exchange rate is in your favor

Although the currency market is unpredictable, it never hurts to keep an eye on it so that you can maximize how much Nigerian nairas you will receive against your sending currency. It's a good idea to subscribe to exchange rate email alerts to keep an eye on the evolution of the NGN exchange rate.

2. Compare the 21 services available for transfers to Nigeria and select the best deal.

We compare quite a few providers offering money transfer services to Nigeria, such as TransferGo, Remitly, Wise Multi-Currency Account, Paysend, Revolut. You can save a lot of money by comparing all your options and find the best deal for your money transfer.

3. Pick the best option for you

Do you want to make a transfer to Nigeria at the lowest total cost, as quickly as possible or with the solution with the best customer reviews?

4. Sign up and get started with your transfer with the provider you selected

Go to the provider's website to sign up (you usually have to upload information to confirm your identity), and get started with your transfer.

Our recommendations

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.

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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.

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.

Compare all available providers before your next transfer to Nigeria

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Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn More About Monito
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Questions you may have about your transfers to Nigeria

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Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.