How to send money to Nigeria from Brazil with the best BRL-NGN rate

A comparison of providers offering services between Brazil and Nigeria, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.

For sending BRL to Nigeria, we found that:

• Wise is our recommended company for sending money to Nigeria from BRL. Sending 40,000 BRL to NGN will cost you R$1726.99 in fees, and you will receive 10,267,653.48 NGN.

• For a cheap way to send BRL to Nigeria, Paysend is a great all round choice.

• Fastest money transfers to Nigeria from Brazil is with Revolut. For example, the transfer time for sending R$40,000 to Nigeria with Revolut is within minutes. But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.

We’ve compared 4 providers that provide services for sending Brazilian Real to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Brazil.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Brazil to Nigeria.

An exchange rate determines the price you will pay when buying Naira. A better exchange rate means more money sent from Brazil to Nigeria.

The current rate between the Brazilian Real and Naira is 262.6885.

When calculating the cost of sending money from Brazil to Nigeria, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current BRL-NGN mid-market rate is 262.6885 NGN per Brazilian Real. Finding a provider as close to this number as possible will ensure more Naira for your money.

• Fees: Transfer fees are charged on top of a transfer. Paysend currently offers lowest fees of 0 BRL. Although we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Naira is the biggest indicator in the total cost of sending money to Brazil from Nigeria. The higher the total amount received in Nigeria, the lower the cost of sending from Brazil.

Understanding the averages, and then waiting a day or two can help you get more NGN for the same amount of Brazilian Real.

A better option is to use a forward contract that also allows you to lock in an agreed exchange rate between Brazil and Nigeria.

A bank transfer is the payment method that will get you the best price on a transfer from Brazil to Nigeria.

Here are all the ways to send money from Brazil to Nigeria:

Bank transfers

Bank transfers are often the default option for sending money from Brazil to Nigeria.

By using a money transfer company such as Revolut for transfers from Brazil to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Brazil to Nigeria with a debit or a prepaid card is very simple with Taptap Send.


Taptap Send is a leader in debit card payments for transfers from Brazil to Nigeria, competing among a total of 4 active money transfer companies on this route.

Credit cards

When it comes to credit card transfers from Brazil to Nigeria, we recommend comparing your options to get the best deal.

Not many companies offer direct credit card deposits, and usually, it means taking a cash advance and using that for the deposit, which ends up more expensive.

and have different regulations and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for money transfers between Brazil and Nigeria

Some companies offering money transfers between Brazil and Nigeria have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare BRL-NGN rates for your specific transfer amount. For regular transfers to Nigeria, shopping around each time can make a huge difference.

For sending large amounts of BRL to Nigeria, we’d recommend Wise. They offer a solid combination of rates and fees when sending from Brazil to Nigeria that is the most competitive, even at larger amounts.

There are different options for receiving Naira in Nigeria. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Brazil to Nigeria will offer every method for incoming Naira, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Brazil to Nigeria. For most part, this is because it means the recipient has to do very little.

Wise is the best company for bank transfers between Brazil and Nigeria.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Paysend.

When sending Brazilian Real to Nigeria, through a money transfer company, you will need to verify your ID at the sign up stage.

The documents you need will vary and in some cases you might need a couple of options.

For the most part, ID can be verified in Brazil through a government issued ID such as a passport or driver's license. If the recipient needs an ID to collect money in Nigeria it will be similar.

Large transactions between Brazil and Nigeria, can be subject to additional checks such as proof of funds for anti-money laundering purposes.

One of the reasons Wise has scored so highly for transfers to Nigeria is their easy sign up process in Brazil.

As well as proof of funds, when sending large amounts of money between Brazil and Nigeria.

Some transfers into Naira may need to be reported to tax authorities in Nigeria as well, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Nigeria based on age, income and a few other elements. When in doubt, please contact a tax professional in Brazil or Nigeria to discuss your personal circumstances to ensure you are not missing any specific tax declarations.