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Send money from Canada to Nigeria
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Card-to-card transfers can be received in just two minutes."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
HSBCRecipient gets (NGN)₦10,916,677.45Not recommended
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best way: Wise
We tested & reviewed 9 transfer providers, and Wise scored highly.
In the last 7 days, Wise appeared in 100% of Canada to Nigeria searches, and was the top rated company supporting payments Canada into Naira.
So for a great mix of cost, speed & features, make your Canada to Nigeria transfer using Wise.
How to compare deals on Canada to Nigeria money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Canada to Nigeria.
- Choose a provider
Select the provider that gives you the best value & service for your needs
- Click, sign up & send
Follow the steps & start your transfer from Canada. Your funds will be converted to Naira and transferred to Nigeria.
Summary of recent searches
What to consider ahead of money transfers from Canada to Nigeria
Comparing based on your specific needs is the best way to send money from Canada to Nigeria with confidence.
Our analysis, and search results, include 9 providers that operate between Canada and Nigeria. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Nigeria.
Cheapest way to send money to Nigeria from Canada: Remitly
Data collected through our comparison over the past week shows that Remitly is 0.24% cheaper than the second-best option.
The cost is made up of an average fee of 0* CAD and an exchange rate for buying Naira with Canadian Dollar that is -2.21% different to the mid-market rate.
If you want to secure the best rates on a Canada to Nigeria transfer, Remitly offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to CAD-NGN by Remitly, based on data from the last 7 days.
Fastest money transfers from Canada to Nigeria: Profee.
Through our comparison, we found Profee to be the fastest option to transfer money from Canada to Naira in 100% of instances.
Over the last 7 days, sending money from Canada to Nigeria through Profee have an average fee of 0 CAD.
Profee was one of 9 money transfer providers we compared for overall speed of sending money from Canada to Nigeria. This speed test included depositing Canadian Dollars to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Profee is our best choice for sending from Canada to Nigeria.
Send large sums of money abroad with Currencies Direct
From the 9 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Nigeria from Canada.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Nairas to Naira.
As such, we recommend Currencies Direct for large Nigeria transfers.
Understanding the cost of money transfers to Nigeria from Canada
The total cost of sending money to Nigeria from Canada is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for CAD-NGN is 1,129.791 NGN per Canadian Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Naira for your Canadian Dollars.
The CAD-NGN mid-market rate over the last 7 days has seen the Canadian Dollar worth an average 1,129.3553 NGN. Within this there has been a high of 1,130.4836, and a low of 1,127.3257.
From 9 companies compared, Profee offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to NGN.
Fees: When sending money there may be additional fees. Profee offers the lowest fee of the 9 providers tested, averaging 0 CAD per transfer over the past week.
Amount Received: When comparing providers, the best measure is the amount of Naira eventually received in Nigeria.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Nigeria, means a better overall cost of sending money from Canada.
Getting the best exchange rate for Canadian Dollar to Naira
Tracking the mid-market rate can make a huge difference when sending money CAD to NGN. The exchange rate you secure impacts how much NGN you get for your CAD.
Here's some data on recent trends in the mid-market rate.
Over the past 7 days, the interbank rate from CAD to NGN has seen some fluctuation. On average, it has been 1,129.3553.
During this period, the highest value level was 1,130.4836, with a low of 1,127.3257.
Wise, which is our recommended service to send money online from Canada to Nigeria offers an exchange rate that is only -1.48% above the mid-market rate.
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Paying for your Canada to Nigeria money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Canada to Nigeria.
By using a money transfer company such as Remitly to send money from Canada to Nigeria, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Remitly is the cheapest money transfer provider for bank transfers from the 9 we tested when sending CAD to Nigeria.
With an average fee of CAD0 to send money from Canada to Nigeria, Remitly offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Nigeria with a prepaid or debit card is very easy with Xe.
Xe is a great choice for sending money with a debit card from Canada to Nigeria. This is from the 9 money transfer companies compared.
Credit cards
When it comes to credit card transfers from Canada to Nigeria, we recommend comparing your options to get the best deal.
Be careful of fees: 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 Nigeria and Canada.
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 Canada to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
