MoneyGram is the cheapest way to send money from Brazil to Nigeria. Sending R$40,000 will get your recipient 10,549,344 NGN in minutes - 24 hours.
With MoneyGram, deposit via pix and withdraw in mobile money to get the most NGN in Nigeria.
| 5 of 5 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze BRL/NGN exchange rates from our comparisons. | |||
| Based on 40,000 BRL transfer Best companies for BRL/NGN transfersAll money transfer offers for BRL/NGN transfers, sorted by most NGN received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee R$1,674.21 1 BRL = 268.2300 NGN -3.38% vs mid-market | Recipient gets ₦10,280,126.65 Within 3 hours | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer R$1,674.211 BRL = 268.2300 NGN ₦10,280,126.65You payR$40,000.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee R$0.00 1 BRL = 258.6105 NGN +0.27% vs mid-market | Recipient gets ₦10,344,420.85 Minutes - 24 hours | |
Ways to receive money in Nigeria with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 BRL = 258.6105 NGN ₦10,344,420.85You payR$40,000.00 | |||
Run a live search Showing top Brazil to Nigeria deals for 40,000 BRL. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live BRL to NGN rates. | |||
Run a live search These companies offer multi-currency accounts for spending NGN. We suggest doing a live search based on how much BRL you're planning to spend in Nigeria. | |||
Run a live search These are managed services with real human support for large BRL transfers. Click the link and update the transfer amount to get the best deal. | |||
| $0 fee on first online transfers  MoneyGram Pay via Pix | Fee R$0.00 1 BRL = 263.7336 NGN -1.69% vs mid-market | Recipient gets ₦10,549,344.00 Minutes - 24 hours | |
Ways to receive money in Nigeria with MoneyGram when paying by pix. MethodFee & ratesRecipient gets Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel Free1 BRL = 263.7336 NGN ₦10,549,344.00You payR$40,000.00 Cash pickupMinutes - 24 hours Free1 BRL = 263.7336 NGN ₦10,549,344.00You payR$40,000.00 | |||
 TapTap Send Pay via Debit card | Fee R$0.00 1 BRL = 263.2620 NGN -1.51% vs mid-market | Recipient gets ₦10,530,480.00 Minutes | |
Ways to receive money in Nigeria with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 BRL = 263.2620 NGN ₦10,530,480.00You payR$40,000.00 Mobile moneyMinutesAvailable via:FairMoney, Kuda Bank, OPay, PalmPay Free1 BRL = 263.2620 NGN ₦10,530,480.00You payR$40,000.00 | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee R$0.00 1 BRL = 258.6105 NGN +0.27% vs mid-market | Recipient gets ₦10,344,420.85 Minutes - 24 hours | |
Ways to receive money in Nigeria with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 BRL = 258.6105 NGN ₦10,344,420.85You payR$40,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee R$60.00 1 BRL = 257.5337 NGN +0.69% vs mid-market | Recipient gets ₦10,285,897.15 Within minutes | |
Ways to receive money in Nigeria with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes R$60.001 BRL = 257.5337 NGN ₦10,285,897.15You payR$40,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Wise Pay via Bank transfer | Fee R$1,674.21 1 BRL = 268.2300 NGN -3.38% vs mid-market | Recipient gets ₦10,280,126.65 Within 3 hours | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer R$1,674.211 BRL = 268.2300 NGN ₦10,280,126.65You payR$40,000.00 | |||
| Wise Pay via Pix | Fee R$1,674.21 1 BRL = 268.2300 NGN -3.38% vs mid-market | Recipient gets ₦10,280,126.65 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by pix. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer R$1,674.211 BRL = 268.2300 NGN ₦10,280,126.65You payR$40,000.00 | |||
| How Our Results Work Mid-market rate: 1 BRL = 259.310660 NGN Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is MoneyGram at 10,549,344 NGN for R$40,000 transfer.
The IOF is the same whichever company you pick, so its about the exchange rate markup and the fees.
You have 3 ways to pay, including bank transfer, pix, and debit card.
You'll need your CPF and a photo ID to register and verify your account.
Once that's done, you can send money to Nigeria
There are 6 ways to send money to Nigeria across 5 money transfer companies.
For everyday transfers
For most transfers from Brazil to Nigeria, money transfer companies like MoneyGram are the cheapest way.
You can fund an online transfer with bank transfer, pix, and debit card.
MoneyGram charges R$0 and adds -1.69% markup when sending R$40,000, this will get you 10,549,344 NGN in Nigeria.
For property and other large transfers
Brokers are best for large transfers, they will negotiate a better BRL/NGN rate, handle the paperwork, and guide you over the phone.
Regency FX converts BRL to NGN with an exchange-rate markup of around 0.27%.
I'd suggest , since the rate gets better the more you send.
For receiving cash in Portugal
If your recipient in Nigeria needs cash, you can do it with MoneyGram.
Sending R$40,000 will get you ₦10,549,344 after the fees with MoneyGram.
You recipient will collect cash at the nearest MoneyGram branch in Nigeria.
Holding AUD and other currencies
Revolut lets you hold, convert, and spend BRL and NGN from one account.
Swapping R$40,000 with Revolut will get you 10,285,897.15 NGN after all fees.
You can then spend it in Nigeria or Brazil and receive NGN payments.
For freelancers & businesses
Global accounts like Airwallex, Wise Business, and Payoneer help with international NGN payments, invoicing, receiving payments, and more.
These are great for Brazilian businesses and freelancers, but not personal transfers.
With MoneyGram, paying by pix and receiving through mobile money is the cheapest combination. Sending R$40,000 gives your recipient 10,549,344 NGN.
For paying for your transfer, you have bank transfer, pix, and debit card.
You can fund the transfer with Pix
You can use Pix as a funding method, but it can’t send BRL to Nigeria directly.
Scan the company's QR code or copy its Pix key, then approve R$40,000 in your Brazilian banking app.
For withdrawals in Nigeria, they can get it as bank deposit, mobile money, and cash pickup.
IOF can apply when you convert and send BRL abroad, so double check the tax shown before you send.
You pay R$40,000.00
₦10,549,344
Cheapest
You pay R$40,000.00
₦10,549,344
₦0
You pay R$40,000.00
₦10,530,480
-₦18,864
You pay R$40,000.00
₦10,530,480
-₦18,864
You pay R$40,000.00
₦10,344,421
-₦204,923
You pay R$40,000.00
₦10,280,127
-₦269,217
Brazilian transfer quotes should show the tax, fee and exchange rate. The easiest way to compare them is through the VET, then check whether the payment is a transfer of your own money or a gift.
For a R$40,000 payment to Nigeria, I suggest starting with these:
Cheapest:
MoneyGram, funded by pix with mobile money in Nigeria. Your recipient gets 10,549,344 NGN, which is 0.18% more than the next best option.
Fastest:
Revolut, paid by bank transfer with bank deposit for the payout. It delivers 10,285,897.15 NGN in within minutes.
Pix can be used to deposit BRL from your bank to the transfer company's Brazilian account, but it cannot send money directly to Nigeria.
The company then switches to local rails or uses an internal network of accounts to move BRL to Nigeria.
Moving your own money and making a gift are not treated the same.
A gift may fall under ITCMD, which is set and collected by the relevant Brazilian state.
The rate, exemption and filing process depend on the state and the facts of the gift.
Check this before sending a large amount to family, particularly when the sender, recipient or estate has links to different states.
The Banco Central do Brasil says an authorised institution or its correspondent should explain the required documents and provide the VET.
If in doubt, check the institution's legal name with the Banco Central before sending.
Reclame Aqui can show service problems, but it does not replace the regulatory check.
The exchange rate affects the NGN amount before fees and tax are added. Tracking the recent BRL/NGN range makes company quotes easier to compare.
Mid-market rate:1 BRL = 259.150588 NGN
We track 5 authorised companies sending BRL to Nigeria, updated in real time during live comparisons.
The IOF is identical whoever you pick, so we compare on the spread and the all-in rate, plus the ways to pay and collect.
Each goes through our review. More on who we are, why you can trust us and how to get started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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