Sending Money to Nigeria

Most people send money to Nigeria from foreign shores for many reasons.

No matter what the reason, or the amount of Nigerian Naira being transferred, you are required to select a suitable method of money transfers to Nigeria.

Types of Money Transfer

Sending Money to Nigeria

Ways for Sending Money to Nigeria

The Naira is the name of the money used in Nigeria. The most popular Nigeria Naira exchange rate is the NGN to EUR rate. Below, you will find Nigerian Naira rates to all the major currencies world wide and a currency exchange converter. While someone might send money to Nigeria for a relative who lives or works there, someone else may transfer Nigerian Naira for a cross-border business related payment.

When sending money to Nigeria from a foreign country, you get to choose from different money transfer methods. These may vary depending on where you live and the money transfer service provider you select.

Cash transfer: If you do not wish to part with your bank account details, or if you are in a hurry to send the money to Nigeria, you may consider using the services of companies that operate out of physical locations or have agent networks. Some of your options include WorldRemit, Azimo, Ria, Western Union, and MoneyGram.

Electronic Money Transfers: This method gives you easy means to send international payments directly into someone’s bank account. While several banks carry out international money transfers, you might be better off turning to a specialist money transfer company. Some of the money transfer companies who specialize in electronic money transfers include TransferWise, WorldFirst, OFX, TorFX, HiFX, and CurrencyFair.

Bank Money Drafts: You may send money through international bank drafts. However, while this is a secure medium to send money, it can take weeks before the person you are sending the money to get access to the transferred money. The main benefit of this method is you do not have to provide the receiver your bank account details.

Sending Money with Email Address: Another way to send money to Nigeria without using the receiver’s bank account details is to use the services of companies that let you send money to Nigeria using no more than receiver’s email address. The money you send sits in an online account with the service provider you select, and you may transfer it to your local bank account as and when you like. PayPal offers this service, as does TransferWise.

What is the exchange rate for Naira to Canadian Dollar?

Foreign exchange rates are often changing and in most cases minute by minute.

Therefore it's wise to ask for the the latest money exchange rate for Canadian Dollar to Nigerian Naira before buying the Naira you require for your up coming trip at Canadian Dollar to Naira Exchange Rate Today.

What is the exchange rate for Naira to South African Rand?

Exchange rates for foreign currencies are often changing and in most cases by the minute.

Therefore it's wise to ask for the the today's currency exchange rate for South African Rand to Nigerian Naira before buying the Naira you need for your next trip at South African Rand to Naira Exchange Rate Today.