Overall best way: Remitly

Remitly is our recommended company for transferring Canadian Dollar to Nigeria.

We tested & reviewed 11 transfer providers, and Remitly scored highly.

In the last six months, Remitly appeared in 63.2% 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 Remitly.

How to get the best deal on your Canada to Nigeria transfer

Summary of recent searches

Top rated for transfers from Canada to Nigeria
Remitly
Total number of CA - NG providers
11
Average cheapest fees & rate
Remitly
Average fastest transfer
Remitly
Average transfer time
Within minutes
Best for bank transfers
Remitly
Best for debit card
Instarem
Best for credit card
Instarem

Important things to consider before sending money from Canada to Nigeria

1
Compare providers

Don't settle for the first option. Always compare ways to send money from Canada to Nigeria to find out about fees, speed, and reliability.

Our analysis included 11 providers that operate between Canada and Nigeria.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Nigeria.

2
Think about the Canada to Nigeria exchange rate
3
Choose the right payment method
4
Keep your money safe
5
Consider transfer limits
6
How to receive money in Nigeria
7
Have your ID ready
8
Don't forget about taxes

Cheapest way to send money to Nigeria from Canada: Remitly

Get the lowest fees with Remitly - the cheapest transfer service at just $0 per transaction*

Data collected over the past six months shows that Remitly is 0% cheaper than the second-best option.

The $0 transfer cost represents the most common fee for CAD to NGN international transfers, based on data from the past six months.

If you want to secure the best rates on a CAD to Nigeria transfer, make sure you pick Remitly to send your money online.

*The most common fee applied to CAD-NGN by Remitly, based on data from the past six months.

Fastest money transfers from Canada to Nigeria: Remitly.

Of the 11 money transfer companies tested, Remitly offered the quickest way to send Canadian Dollars to Nigeria.

Through our comparison, we found Remitly to be the fastest option to transfer money from Canada to Naira in 65.4% of instances.

Over the last six months, sending money from Canada to Nigeria through Remitly have an average fee of 0 CAD.

Remitly was one of 11 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, Remitly is our best choice for sending from Canada to Nigeria.

Need to send over $10,000?

For those big moves, competitive pricing & strong customer service are key.

Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Remitly.


While Remitly may not always be the cheapest or fastest way to send CAD from Canada to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.

Understanding the costs involved when moving money from Canada to Nigeria

When calculating the costs of money transfers between Canada and Nigeria, here's what really matters:

The Mid-Market Rate: Today, the CAD-NGN mid-market rate equals 1,213.063 NGN per Canadian Dollar.

The CAD-NGN average exchange rate for the past three months has been 1,022.7289 NGN per Canadian Dollar, with a high of 1,201.9412 and a low of 825.657.

When looking to send money, we'd recommend HSBC. On average HSBC is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to NGN.

How to find the best exchange rate for Canada to Nigeria

Timing is essential for sending money between CAD and NGN. The exchange rate you secure impacts how much NGN you get for your CAD.

Mid-market Rate
1
= 1213.120581 NGN

Let's dive into some interesting recent trends.

  • Over the past six months, the exchange rate from CAD to NGN has seen some fluctuation. On average, it stood at 1,022.7289.

  • During this period, the highest value recorded was 1,201.9412, while the lowest was 825.657.

  • Remitly, which is our recommended service to send money online from Canada to Nigeria offers an exchange rate that is only 0% above the mid-market rate.

Want to secure the best CAD-Naira exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Nigeria!

Payment methods available to fund your Canada to
Nigeria transfer

  • Bank transfers

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

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


    On average, Remitly is the cheapest provider for bank transfers from the 11 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 debit or a prepaid card is very simple with Instarem.


    Instarem is a leader in debit card payments for transfers from Canada to Nigeria, competing among a total of 11 active money transfer companies on this route.

  • Credit card

    When it comes to credit card transfers from Canada to Nigeria, Instarem emerges as our top choice of the 11 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.

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.

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.

FAQs

How much money can be transferred from Canada to Nigeria?
Are there any tax implications to sending money from Canada to Nigeria?
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What is the best exchange rate I can get for sending money from Canada to Nigeria?
Are there any minimum or maximum transfer amounts for sending money from Canada to Nigeria?
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