.svg)
Send money from Nigeria to Canada
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
The best way to send NGN to Canada is to use cash transfer via MoneyGram
We’ve analysed 100s of money transfer companies, and found that the overall coverage of NGN/CAD transfers is very limited for online transfers.
This is why we suggest sending cash as an alternative, using MoneyGram.
The transfer fees depend on which branch you use and how much you send, but overall you can expect to pay around 3 NGN for a 360,000 NGN transfer.
Depending on where you are, we suggest checking MoneyGram to see what deposit methods you have available.
In many cases you can deposit NGN online and the recipient in Canada will need to visit a branch to pick up CAD.
How to get the best deal on your Nigeria to Canada money transfer
Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Nigeria to Canada.
Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Nigeria and Canada.
Click, sign up & send
Follow the steps & make your transfer to Canada. Your funds will be sent from Nigeria and converted into Canadian Dollar.
Summary of recent searches
Sending money from Nigeria to Canada considerations
Compare providers
A comparison of providers offering services between Nigeria and Canada is the easiest way to ensure the best deal.
We've compared 2 providers that offer services for sending Naira to Canada.
This ensures you will get the best options for your transfer to Canada from Nigeria.
Whilst we rate MoneyGram Agent as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Nigeria to Canada.
Get the most from the Naira-Canadian Dollar exchange rate
Choose the right payment method
Financial regulations in Nigeria and Canada
Consider transfer limits
How to receive money
Have your ID ready
Tax declarations
The cheapest way to send money from Nigeria to Canada is a cash transfer via MoneyGram.
The cheapest way to send money to Canada from Nigeria is via a cash transfer through a MoneyGram Agent.
While cash transfers are usually more expensive than online options, our analysis of hundreds of money transfer companies shows that very few services currently support NGN/CAD transfers online.
The total cost of your transfer includes both the transfer fee (around 3 NGN per 360,000 NGN) and an exchange rate markup.
Ultimately, the exact price will depend on your location, payment method, and transfer amount.
The cheapest way to to send money to Canada from Nigeria is via PayPal P2P Transfer
The coverage of NGN/CAD transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a NGN transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Sending a large amount of money?
Of the 2 providers compared, MoneyGram Agent is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while MoneyGram Agent may not always be the fastest or cheapest way to send money from Nigeria to Canada, it's a great provider for things like buying or selling property.
Understanding the costs involved when moving money from Nigeria to Canada
The total cost of money transfers to Canada from Nigeria, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for NGN-CAD is 0.001 CAD per Naira.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Canadian Dollar for your Nairas.
On average for the last week, the NGN-CAD mid-market rate has been 0.001 CAD per Naira. This hit a high of 0.001, and a low of 0.001.
From the 2 companies compared, MoneyGram Agent offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting NGN to CAD.
Fees: Some money transfers between Nigeria and Canada will be subject to fees. MoneyGram Agent has a fee of 3 NGN based on a 360,000 NGN transfer.
Although you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Canadian Dollar eventually received in Canada.
This number should guide you, as a higher amount of money received in Canada means a better overall cost of sending money from Nigeria.
How to find the best exchange rate for Naira to Canadian Dollar
Timing is essential for sending money between NGN and CAD. The exchange rate you secure impacts how much CAD you get for your NGN.
Let's dive into some interesting recent trends.
Over the past week, the exchange rate from NGN to CAD has seen some fluctuation. On average, it stood at 0.001.
During this period, the highest value recorded was 0.001, while the lowest was 0.001.
MoneyGram Agent, which is our recommended service to send money online from Nigeria to Canada offers an exchange rate that is only 5% above the mid-market rate.
Want to secure the best NGN-Canadian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Nigeria to Canada!
Payment options for transfers from Nigeria to Canada
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Nigeria to Canada.
Using a money transfer company such as MoneyGram Agent for payments from Nigeria to Canada, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
MoneyGram Agent is the best money transfer provider for bank transfers of the 2 we compared when sending NGN to Canada.With a fee of 3 NGN to transfer money from Nigeria to Canada, MoneyGram Agent offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Nigeria to Canada is easy with MoneyGram Agent.
MoneyGram Agent is a leader in debit card money transfers from Nigeria to Canada. They are the best option of the 2 transfer companies compared.
Credit cards
Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.
We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada and Nigeria.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Nigeria to Canada.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
