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Best way to send money to Nigeria

Compare 1+ companies to find the best way to send money to Nigeria from New Zealand.

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.
1 - 2 of 2
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
WorldRemit
Within minutes
$1.99

View details
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Western Union Business Solutions
Western Union Business Solutions
3 days

View details
Get help sending business payments 24/7 to over 130 currencies with Western Union.
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Compare up to 4 providers

Cheapest way to send 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.

  1. 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".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. 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.
  4. 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.
  5. 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 bank transfers.
  • 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.

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6 Responses

  1. Default Gravatar
    IkennaJanuary 5, 2018

    How to send money to Nigeria

    • Default Gravatar
      ArnoldJanuary 6, 2018

      Hi Ikenna,

      Thanks for your inquiry

      If you’re looking to send money to Nigeria from NZ, the most common way is through a bank transfer. Please contact your bank to set up the international payment feature before you can transfer funds.

      Hope this information helps
      Cheers,
      Arnold

  2. Default Gravatar
    FadareNovember 12, 2017

    Someone is trying to send me money here in Nigeria but she’ can’t use WU or MG please what can be used and how

    • Default Gravatar
      DanielleNovember 12, 2017

      Hi Fadare,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      As mentioned above, you can also try using international money transfer services. To learn more about international money transfers, you may refer to this page. We can also check for other options depending on where the money will be coming from. Don’t hesitate to contact us back with more information so that we can assist you further.

      I hope this helps.

      Cheers,
      Danielle

  3. Default Gravatar
    BgOctober 1, 2017

    Can money be send from New Zealand to Nigeria without questioning the sender ?

    • Avatarfinder Customer Care
      AnndyOctober 31, 2017Staff

      Hi Bg,

      Thanks for your question.

      I’m not sure what you mean by “without questioning the sender.” But to send money to Nigeria, you’ll need to provide the personal details of your recipient which include the name, contact details, address and identification documents. You can send money online through the money transfer website or you could also visit a local agent.

      Cheers,
      Anndy

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