Looking for the best way to send money from New Zealand to family, friends or businesses in Nigeria (or even to your own overseas bank account)?
Don't head straight to your NZ bank – compare specialist money transfer services instead. They nearly always offer better NGN exchange rates and lower fees, so for the same amount of New Zealand Dollars you send, your recipient will receive more nairas.
Of the companies we've compared, is among the cheapest, with competitive exchange rates and fees starting from . Need a really fast transfer? can get money to your recipient in Nigeria within an hour.
Best way to send money to Nigeria from New Zealand
The best way to send money to Nigeria depends on your payment method, how you want your money to be received and how fast you need it to arrive.
Peer-to-peer (P2P) transfer. With this type of transfer, the transfer service matches people buying New Zealand Dollars in one country with people who are selling it in another, potentially securing a more competitive exchange rate.
Compare more ways to send money to Nigeria
Use our table to compare the best money transfer companies to send money to Nigeria. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Nigeria.
Bank transfers are typically the cheapest way to get your money to Nigeria. and are some of the lowest bank transfer fees of the brands we've compared.
When you're hunting down the cheapest ways to send money to Nigeria, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Transfer fees. While still cheaper than your NZ bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market NZD/NGN exchange rate.
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many nairas your recipient will end up with.
Fastest way to send money to Nigeria
Many online providers can offer transfers to Nigeria within minutes, although you're likely to pay a premium for the convenience.
Here are some of the fastest average transfer speeds to Nigeria:
Actual transfer times from New Zealand to Nigeria can depend on several different factors including transfer amount, payment method and payout method.
Safest way to send money to Nigeria
The safest way to get your money to Nigeria is to use a provider registered with New Zealand's industry regulator, the Reserve Bank of New Zealand (RBNZ). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both New Zealand and Nigeria.
A great way to dive deeper is by reading our extended and researching first-hand customer feedback on Trustpilot and similar platforms.
Large money transfers to Nigeria
If you need to make a sizable money transfer to Nigeria, consider using a provider such as to benefit from its expertise in handling larger transfer amounts.
Using a large transfer specialist can have the following advantages:
Tax guidance. Large transfers to Nigeria may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the IRD's latest advice.
Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the NGN exchange rate you want.
Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
Phone service. If you want to talk your transfer through with someone, a provider such as can give you support over the phone.
How to send money to Nigeria from New Zealand
To send money to Nigeria, you'll need the necessary documentation, your recipient's details and a way to pay.
Compare your options.
Use our table to find a money transfer provider that sends funds to Nigeria. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
Create an account.
You'll need to give your name, address, contact details, proof of ID and method of payment.
Provide your recipient's details.
Enter your recipient's name and contact information. If you're sending straight to their Nigerian bank account, you'll need the account number,
SWIFT or IBAN plus their bank branch's address.
Enter your transfer amount.
Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total nairas your recipient gets.
Complete your transfer.
Send your money transfer to Nigeria. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.
How to choose the best money transfer companies to send money to Nigeria
When choosing a money transfer provider to send money from New Zealand to Nigeria, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the NGN you're offered to the mid-market rate and look for the smallest difference.
Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Nigeria for a flat or low fee might work out better if you plan to send a large amount.
Transfer type. Does your recipient have a Nigerian bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example,
instant cash pickups tend to be more expensive than
Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Some companies offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Nigeria faster and cheaper than banks.
Transfer purpose. Whether your transfer is for personal or business reasons influences which provider you want to use. If it is a one-off personal transfer, then fast and cheap may be the way to go. But if you make recurring transfers or send large amounts, a business transfer specialist like may be more economical.
Forex tools. Are you able to set rate targets, lock in a good NGN rate for the future or create a stop-loss order? Advanced forex tools can help make your transfer cheaper, which is useful if you make multiple transfers a year.
Transfer limits. Find out how much you can send with each service. For example, has a transfer limit of while allows transfers up to .
Customer support. If you're sending larger amounts or looking for some guidance, it's important to choose a provider you can contact by phone, like .
Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of nairas.
Frequently asked questions
There are multiple ways to pay for your money transfer to Nigeria. The most common payment methods include bank transfer, credit card and debit card.
How you pay can influence how quickly your nairas arrive and the total cost of your transfer, so consider both when deciding.
Photo identification: Most providers require a driver's license, passport or other NZ government-issued ID.
A way to pay: Your options depend on the provider's services. Popular methods include cash, debit or credit card and bank account transfers.
Recipient information: You'll need their name (matching their ID) plus contact details. If sending to a Nigerian bank account, you'll need their account number, SWIFT and branch details.
Transfer number: The reference number – sometimes called a PIN, MTCN or tracking number.
Government-issued ID: An official ID, such as a Nigerian passport or driver's license.
The transfer amount: To know how much has been sent, usually to within 10% of the total.
Sender information: The sender's name and address and the transfer's country of origin.
This depends on the provider you choose as each will have its own sending limit. For example, services such as and allow you to transfer as little as while others will have a significantly higher minimum threshold.
Remember that some providers will have maximum transfer amounts as well, either as a result of NZ tax policies or because their service is more limited. If you need to send a large transfer, look for a provider that has higher or no sending limits to Nigeria.
The turnaround time for a money transfer to Nigeria depends on the provider and how you pay for the transfer. Expect your transfer to arrive within minutes if you pay using cash or with a debit or credit card. Paying by bank transfer can take longer – usually 2–5 days.
Yes, you can still send a money transfer if neither you nor your recipient in Nigeria has a bank account. Look at cash transfer providers where you can pay with cash and your recipient can collect it as cash or as mobile phone reload on the other end.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.