Send money to Nigeria
Compare today's live exchange rates and fees across every major provider, and see the hidden markup baked into each quote — so you find the cheapest way to send money to Nigeria, to a bank account or mobile wallet. Rates update every 30 minutes.
Quick answer: the best-value way to send money to Nigeria right now is Wise — about 1361.00 NGN per $1, plus a $4.38 fee, ranked by how much actually arrives.
Mid-market rate: 1331.0139 NGN per 1 USD· updated Oct 9, 2026, 10:30 AM UTC
New to this corridor? Read our guide: The cheapest way to send GBP to Nigeria (2026)
The best-value way to send money to Nigeria right now is Wise: send $500 and your recipient gets 674,538.82 NGN — an effective 1361.00 NGN per $1 (after a $4.38 fee). Updated Oct 9, 2026, 10:30 AM UTC.
Best providers: USD → NGN
Ranked by what your recipient receives on a $500 transfer, fees included.
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Sending money 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.
Most of what you pay sending to Nigeria is the exchange-rate markup baked into the rate, not the upfront fee. RemitBeat benchmarks every provider against the mid-market rate and ranks them by the amount that actually arrives in NGN, so you see the genuinely cheapest option rather than the flashiest headline fee.