Xe is the best and cheapest service overall. On €7,000 you will get 10,994,205.6 NGN after fees and the exchange rate.
We’ve compared 8 money transfer companies in more detail below.
| 8 of 8 providers Last updated on 28 September 2026 | |||
| Based on 7,000 EUR transfer Best companies for EUR/NGN transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee €46.96 1 EUR = 1557.6500 NGN -3.02% vs mid-market | Recipient gets ₦10,830,402.76 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €46.961 EUR = 1557.6500 NGN ₦10,830,402.76You pay€7,000.00 | |||
| Promoted  Xe Pay via Debit card | Fee €0.00 1 EUR = 1570.6008 NGN -3.85% vs mid-market | Recipient gets ₦10,994,205.60 Minutes - 24 hours | |
Ways to receive money in Nigeria with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1570.6008 NGN ₦10,994,205.60You pay€7,000.00 | |||
Run a live search Showing top Germany to Nigeria deals for 7,000 EUR. 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 EUR 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 EUR you're planning to spend in Nigeria. | |||
Run a live search These are managed services with real human support for large EUR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Xe Pay via Debit card | Fee €0.00 1 EUR = 1570.6008 NGN -3.85% vs mid-market | Recipient gets ₦10,994,205.60 Minutes - 24 hours | |
Ways to receive money in Nigeria with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1570.6008 NGN ₦10,994,205.60You pay€7,000.00 | |||
| Xe Pay via Bank transfer | Fee €0.00 1 EUR = 1570.6008 NGN -3.85% vs mid-market | Recipient gets ₦10,994,205.60 Minutes - 24 hours | |
Ways to receive money in Nigeria with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1570.6008 NGN ₦10,994,205.60You pay€7,000.00 | |||
| Xe Pay via Credit card | Fee €0.00 1 EUR = 1570.6008 NGN -3.85% vs mid-market | Recipient gets ₦10,994,205.60 Minutes - 24 hours | |
Ways to receive money in Nigeria with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1570.6008 NGN ₦10,994,205.60You pay€7,000.00 | |||
 TapTap Send Pay via Debit card | Fee €0.00 1 EUR = 1550.0000 NGN -2.53% vs mid-market | Recipient gets ₦10,850,000.00 Minutes | |
Ways to receive money in Nigeria with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 EUR = 1550.0000 NGN ₦10,850,000.00You pay€7,000.00 Mobile moneyMinutesAvailable via:FairMoney, Kuda Bank, OPay, PalmPay Free1 EUR = 1550.0000 NGN ₦10,850,000.00You pay€7,000.00 | |||
| Only available via Mobile App  Sendwave Pay via Debit card | Fee €0.99 1 EUR = 1547.8071 NGN -2.39% vs mid-market | Recipient gets ₦10,833,117.44 Minutes - 3 days | |
Ways to receive money in Nigeria with Sendwave when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days €0.991 EUR = 1547.8071 NGN ₦10,833,117.44You pay€7,000.00 | |||
| Wise Pay via Bank transfer | Fee €46.96 1 EUR = 1557.6500 NGN -3.02% vs mid-market | Recipient gets ₦10,830,402.76 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €46.961 EUR = 1557.6500 NGN ₦10,830,402.76You pay€7,000.00 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee €0.99 1 EUR = 1545.8406 NGN -2.26% vs mid-market | Recipient gets ₦10,819,353.68 Minutes - 2 days | |
Ways to receive money in Nigeria with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days €0.991 EUR = 1545.8406 NGN ₦10,819,353.68You pay€7,000.00 | |||
| Wise Pay via iDEAL/WERO | Fee €57.07 1 EUR = 1557.6500 NGN -3.02% vs mid-market | Recipient gets ₦10,814,654.91 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by ideal/wero. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €57.071 EUR = 1557.6500 NGN ₦10,814,654.91You pay€7,000.00 | |||
| Wise Pay via Debit card | Fee €101.79 1 EUR = 1557.6500 NGN -3.02% vs mid-market | Recipient gets ₦10,744,996.81 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €101.791 EUR = 1557.6500 NGN ₦10,744,996.81You pay€7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee €3.99 1 EUR = 1531.3194 NGN -1.32% vs mid-market | Recipient gets ₦10,719,235.80 Minutes - 24 hours | |
Ways to receive money in Nigeria with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours €3.991 EUR = 1531.3194 NGN ₦10,719,235.80You pay€7,003.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel €9.991 EUR = 1531.3194 NGN ₦10,719,235.80You pay€7,009.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €3.991 EUR = 1526.8549 NGN ₦10,687,984.30You pay€7,003.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee €3.99 1 EUR = 1531.3194 NGN -1.32% vs mid-market | Recipient gets ₦10,719,235.80 Minutes - 24 hours | |
Ways to receive money in Nigeria with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours €3.991 EUR = 1531.3194 NGN ₦10,719,235.80You pay€7,003.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel €9.991 EUR = 1531.3194 NGN ₦10,719,235.80You pay€7,009.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €3.991 EUR = 1526.8549 NGN ₦10,687,984.30You pay€7,003.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee €3.99 1 EUR = 1531.3194 NGN -1.32% vs mid-market | Recipient gets ₦10,719,235.80 Minutes - 24 hours | |
Ways to receive money in Nigeria with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours €3.991 EUR = 1531.3194 NGN ₦10,719,235.80You pay€7,003.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel €9.991 EUR = 1531.3194 NGN ₦10,719,235.80You pay€7,009.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €3.991 EUR = 1526.8549 NGN ₦10,687,984.30You pay€7,003.99 | |||
| Wise Pay via Credit card | Fee €143.68 1 EUR = 1557.6500 NGN -3.02% vs mid-market | Recipient gets ₦10,679,746.85 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €143.681 EUR = 1557.6500 NGN ₦10,679,746.85You pay€7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 1507.2015 NGN +0.27% vs mid-market | Recipient gets ₦10,550,410.30 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 EUR = 1507.2015 NGN ₦10,550,410.30You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €40.50 1 EUR = 1501.9014 NGN +0.62% vs mid-market | Recipient gets ₦10,452,483.03 Within minutes | |
Ways to receive money in Nigeria with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes €40.501 EUR = 1501.9014 NGN ₦10,452,483.03You pay€7,000.00 | |||
| 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. | |||
| How Our Results Work Mid-market rate: 1 EUR = 1511.2819 NGN Updates every 60 minutes. | |||
Transfer details
For a one-off transfer from Germany, I suggest picking the cheapest option which is Xe.
On a 7,000 EUR transfer, Xe delivers the most NGN.
This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/NGN rate.
You have 4 ways to pay, including debit card, bank transfer, credit card, and ideal.
First time round you'll need a photo ID and proof of your German address.
Video identification is also normal and takes a few minutes.
There are 8 companies for sending money from Germany to Nigeria, across app, online, broker, multi-currency account, global account, and in person, and more below.
Fastest and easiest way
Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.
Sending €7,000 with Xe to Nigeria gets you 10,994,205.6 NGN with a €0 fee and -3.85% markup.
Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.
For paying in cash at a counter
There's no legal limit on how much you can send, so the counter in the kiosk, the callshop or the grocery store is still a popular way to send money internationally.
Deposit €7,000 to MoneyGram online, and choose cash pickup as delivery option. Once you pay, it should be available in minutes.
In general, online transfers are cheaper than sending cash to Nigeria.
For large transfers from Germany
For buying property, moving to Nigeria, or moving pensions, a currency broker is the best option.
A broker like Xe charges no fee and works on a margin. It adds -3.85% on EUR/NGN which gets negotiated the more you send.
And you get an account manager to help you through the process.
For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.
For making business payments
Global accounts are for businesses making payments to Nigeria.
Be it overseas suppliers and contractors, receiving NGN payments, or holding NGN and EUR in one business account.
Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.
For spending & receiving
A multi-currency account lets you hold EUR and NGN in one account.
You get NGN bank details, and can receive international payments like rent, dividends, family payments without additional conversions.
You can convert NGN to EUR or EUR to NGN whenever you need.
The best multi currency account is Wise, it adds ~-3.02% markup and charges small fees.
With Xe, paying by debit card and receiving through bank deposit is the cheapest way. Sending €7,000 gives your recipient 10,994,205.6 NGN.
You can pay for the transfer using debit card, bank transfer, credit card, and ideal.
Using German bank
A SEPA bank transfer is usually the cheapest way to deposit EUR.
An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to Nigeria.
The recipient in Nigeria can receive NGN by bank deposit, mobile money, and cash pickup.
To receive NGN by bank deposit
Enter the recipient's banking details and account holders name.
Check both before sending because correcting a bank deposit will delay the transfer.
They can receive cash in Nigeria
For cash pickup, the recipient needs to visit the nearest MoneyGram branch and bring a valid photo ID and the transfer reference number.
You pay €7,000.00
₦10,994,206
Cheapest
You pay €7,000.00
₦10,994,206
₦0
You pay €7,000.00
₦10,994,206
₦0
You pay €7,000.00
₦10,850,000
-₦144,206
You pay €7,000.00
₦10,814,655
-₦179,551
You pay €7,003.99
₦10,719,236
-₦274,970
You pay €7,003.99
₦10,719,236
-₦274,970
You pay €7,009.99
₦10,719,236
-₦274,970
You pay €7,003.99
₦10,719,236
-₦274,970
You pay €7,009.99
₦10,719,236
-₦274,970
The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.
For a €7,000 transfer to Nigeria, these are the best options:
Cheapest way to send money to Nigeria
The cheapest option is Xe, funded by debit card with bank deposit for the payout. Your recipient gets 10,994,205.6 NGN, which is 1.31% more than the next best option.
Fastest way to send money to Nigeria
The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 10,452,483.03 NGN in innerhalb von minuten.
Germany's AWV reporting threshold is €50,000.
A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.
It is a statistics report, not a tax or permission request.
Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.
The automated AWV notice shown by a bank does not mean every transfer is reportable.
The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.
If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.
A payment converted into NGN sits outside that pricing rule and may involve another bank or payout partner.
Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.
This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.
The EUR/NGN rate can move noticeably within a week, changing the amount your recipient gets in NGN.
Mid-market rate:1 EUR = 1,510.746821 NGN
Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.
We then track 8 of them on EUR to Nigeria, comparing rates, fees and the pay-in and payout options.
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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