Overall best choice: Moneycorp
We tested & reviewed dozens of money transfer providers, and Moneycorp scored highly.
Moneycorp appeared in 40.5% of Nigeria to Canada searches, and was the top rated company out of 5 that support NGN to CAD.
So for a great mix of cost, speed & features, make your Nigeria to Canada transfer using Moneycorp.
How to get the best deal on your Nigeria to Canada transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Nigeria to Canada.
- Choose a provider
Select the provider that offers you the best value & service for your needs
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Nigeria to Canada
Don't settle for the first option. Always compare ways to send money from Nigeria to Canada to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between Nigeria and Canada.
Through this, you get a comprehensive view of all the options you have in Nigeria when you need to send money to Canada.
Cheapest way to send money to Canada from Nigeria: Moneycorp
Data collected over the past six months shows that Moneycorp is 0% cheaper than the second-best option.
The ₦0 transfer cost represents the most common fee for NGN to CAD international transfers, based on data from the past six months.
If you want to secure the best rates on a NGN to Canada transfer, make sure you pick Moneycorp to send your money online.
*The most common fee applied to NGN-CAD by Moneycorp, based on data from the past six months.
Fastest way to send money from Nigeria to Canada: Moneycorp
Our data shows that Moneycorp came up as the fastest way to send money from Nigeria to Canada in 80% of searches. This makes them well suited to urgent NGN to CAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Nigeria to Canada - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Moneycorp is your best choice at the moment. This service emerged as the quickest way to send money to Canada from Nigeria in 80% of the searches on MoneyTransfers.com over the past six months.
Need to send a big amount?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Moneycorp.
While Moneycorp may not always be the cheapest or fastest way to send NGN from Nigeria to Canada, it’s the provider that will keep you safe and relaxed while your money moves into CAD.
Understanding the costs involved when moving money from Nigeria to Canada
When calculating the costs of money transfers between Nigeria and Canada, here's what really matters:
The Mid-Market Rate: Today, the NGN-CAD mid-market rate equals 0.0009 CAD per Naira.
The NGN-CAD average exchange rate for the past three months has been 0.0009 CAD per Naira, with a high of 0.001 and a low of 0.0008.
When looking to send money, we'd recommend Moneycorp. On average Moneycorp is 1.9% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from NGN to CAD.
How to find the best exchange rate for Nigeria to Canada
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 six months, the exchange rate from NGN to CAD has seen some fluctuation. On average, it stood at 0.0009.
During this period, the highest value recorded was 0.001, while the lowest was 0.0008.
Moneycorp, which is our recommended service to send money online from Nigeria to Canada offers an exchange rate that is only 1.9% 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 methods available to fund your Nigeria to Canada transfer
Bank transfers
Bank transfers are often the default option for sending money from Nigeria to Canada.
By using a money transfer company such as Moneycorp for transfers from Nigeria to Canada, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Moneycorp is the cheapest provider for bank transfers from the 5 we tested when sending NGN to Canada.
With an average fee of NGN0 to send money from Nigeria to Canada, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Nigeria to Canada with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Nigeria to Canada, competing among a total of 5 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Nigeria to Canada, Instarem emerges as our top choice of the 5 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
What payment methods are available when sending money from Nigeria to Canada?
Sending bank transfers from Nigeria to Canada
Bank transfers are the most common way of sending NGN to Canada as they are secure, reliable, and convenient.
If you want to send Nairas to Canada via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Nigeria to Canada by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Nairas to Canada with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Nigeria to Canada by payment apps
If you’d like to send money from Nigeria to Canada via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Nigeria to Canada.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Canada in Canadian Dollar at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Nigeria to Canada after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the NGN to CAD exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of NGN to CAD is 0.0009
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 document.
Money transfer company reviews
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