Send money from Canada to Nigeria (CAD to NGN)

Compare today's live CAD → NGN exchange rates and fees across every major provider. We show the hidden markup baked into each quote, so you can find the cheapest way to send money from Canada to Nigeria — to a bank account or mobile wallet.

Quick answer: the cheapest way to send CAD to NGN (Nigeria) right now is WorldRemit, about 943.50 NGN per C$1 with no transfer fee, ranked by how much actually arrives in NGN, not by the headline fee.

Mid-market rate: 961.8361 NGN per 1 CAD· updated Oct 9, 2026, 11:00 AM UTC

New to this corridor? Read our guide: The cheapest way to send GBP to Nigeria (2026)

CAD to NGN comparison — sending C$500

Ranked by how much actually arrives, grouped by how your recipient gets paid. Bank is how most people receive money in Nigeria.

Best rate right now

The best-value way to send money to Nigeria right now is WorldRemit: send C$500 and your recipient gets 471,749.95 NGN — an effective 943.50 NGN per C$1, with no transfer fee. Updated Oct 9, 2026, 11:00 AM UTC.

Bank payouts

Most used in Nigeria

Direct deposit to a bank account in Nigeria.

5 providers
Provider
Rate
Fee
True cost
You receive
WorldRemitBest value
Bank deposit · Within 2 working days
943.50
Free
C$9.53 (1.91%)
471,749.95 NGN
WorldRemitBest valueBank deposit · Within 2 working days
Recipient gets
471,749.95NGN
Rate943.50
FeeFree
True costC$9.53 (1.91%)
Wise
Bank deposit · by Tuesday, October 13
955.93
C$6.59
C$9.66 (1.93%)
471,663.45 NGN
WiseBank deposit · by Tuesday, October 13
Recipient gets
471,663.45NGN
Rate955.93
FeeC$6.59
True costC$9.66 (1.93%)
Xoom
Bank deposit · Varies
930.68
Free
C$16.20 (3.24%)
465,341.29 NGN
XoomBank deposit · Varies
Recipient gets
465,341.29NGN
Rate930.68
FeeFree
True costC$16.20 (3.24%)
Instarem
Bank deposit · Varies
926.32
Free
C$18.46 (3.69%)
463,161.39 NGN
InstaremBank deposit · Varies
Recipient gets
463,161.39NGN
Rate926.32
FeeFree
True costC$18.46 (3.69%)
Western Union
Bank deposit · In minutes
914.19
C$1.99
C$26.76 (5.35%)
455,275.93 NGN
Western UnionBank deposit · In minutes
Recipient gets
455,275.93NGN
Rate914.19
FeeC$1.99
True costC$26.76 (5.35%)

Mobile money payouts

Pay out to mobile wallets in Nigeria, usually within minutes.

1 provider
Provider
Rate
Fee
True cost
You receive
SendwaveBest rate
Bank deposit · In minutes
943.50
Free
C$9.53 (1.91%)
471,749.95 NGN
SendwaveBest rateBank deposit · In minutes
Recipient gets
471,749.95NGN
Rate943.50
FeeFree
True costC$9.53 (1.91%)

Rates are indicative and last updated Oct 9, 2026, 11:00 AM UTC. Fees assume the cheapest standard bank funding; some providers add a small pay-in fee that varies by how you pay. First-transfer bonuses apply to new customers' first send only. Always verify the final exchange rate on the provider's payment page before making a transfer. See our methodology and advertiser disclosure.

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Sending money from Canada to Nigeria

In Nigeria, a bank transfer to a local naira (NGN) account is the most common way to receive money, alongside a growing set of wallet and mobile options.

Nigeria has a well-known gap between the official and parallel exchange rates, so the rate you get can vary widely between providers — comparing the effective (all-in) rate matters more here than on almost any other route.

When you send Canadian Dollar (CAD) to Nigeria, most of the cost is the exchange-rate markup baked into the rate, not the upfront fee. RemitBeat compares the live CAD → NGN rate across Wise, Remitly, Sendwave, WorldRemit, Western Union and more, benchmarks each against the mid-market rate, and ranks them by the amount that actually arrives in NGN — so you can see the genuinely cheapest option rather than the one with the flashiest headline fee.

Sending money CAD to NGN — your questions

What is the best rate to send money from Canada to Nigeria today?+
As of the latest update, the best value provider for CAD to NGN is WorldRemit, with an effective rate of 943.50 NGN per CAD and no transfer fee. Rates change throughout the day, so always check the live comparison before sending.
What is the mid-market CAD/NGN exchange rate right now?+
The current mid-market (interbank) rate is about 961.8361 NGN per CAD. This is the "real" rate before any provider markup — RemitBeat shows how far each provider's quote sits from it.
What is a hidden markup, and how much does it cost me?+
Many transfer apps advertise "$0 fee" but bake their margin into a worse exchange rate. That gap between the provider's rate and the mid-market rate is the hidden markup. RemitBeat calculates it for every quote so you can compare the true, all-in cost rather than just the headline fee.
How can I receive CAD transfers in Nigeria?+
Most providers we track deliver to a bank account or mobile wallet in Nigeria. The comparison groups providers by payout method — mobile money and bank — so you only compare options that support the way your recipient wants to be paid.
How does RemitBeat make money if comparison is free?+
When you click through to a provider we may earn a small affiliate commission. You pay exactly the same as going to the provider directly — the rate you see is the rate you get. This keeps the comparison free and unbiased.