How to send money to Nigeria from Italy with the best EUR-NGN rate

MoneyGram is the cheapest right now for transfers from Italy. Using a debit card deposit into a mobile money will get you 10,787,000 NGN in Nigeria.

For speed, Revolut is fastest, with delivery in within minutes.

Best companies for EUR/NGN transfers

8 of 8 providers

Last updated on 10 November 2026

Based on 7,000 EUR transfer

Best companies for EUR/NGN transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee €46.96 1 EUR = 1550.6600 NGN -2.52% vs mid-market Recipient gets ₦10,781,801.01 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

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 = 1550.6600 NGN
₦10,781,801.01You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 1530.2702 NGN -1.20% vs mid-market Recipient gets ₦10,711,891.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1530.2702 NGN
₦10,711,891.40You pay€7,000.00

Run a live search

Showing top Italy to Nigeria deals for 7,000 EUR. Do a live search with your exact amount for today's best rates.
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee €0.99 1 EUR = 1541.0000 NGN -1.90% vs mid-market Recipient gets ₦10,787,000.00 Minutes - 24 hours
Cheapest

Ways to receive money in Nigeria with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel
€0.991 EUR = 1541.0000 NGN
₦10,787,000.00You pay€7,000.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€0.991 EUR = 1540.9729 NGN
₦10,786,810.30You pay€7,000.99
Cash pickupMinutes - 24 hours
€4.991 EUR = 1529.9606 NGN
₦10,709,724.20You pay€7,004.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee €0.99 1 EUR = 1541.0000 NGN -1.90% vs mid-market Recipient gets ₦10,787,000.00 Minutes - 24 hours

Ways to receive money in Nigeria with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel
€0.991 EUR = 1541.0000 NGN
₦10,787,000.00You pay€7,000.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€0.991 EUR = 1540.9729 NGN
₦10,786,810.30You pay€7,000.99
Cash pickupMinutes - 24 hours
€4.991 EUR = 1529.9606 NGN
₦10,709,724.20You pay€7,004.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee €0.99 1 EUR = 1541.0000 NGN -1.90% vs mid-market Recipient gets ₦10,787,000.00 Minutes - 24 hours

Ways to receive money in Nigeria with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel
€0.991 EUR = 1541.0000 NGN
₦10,787,000.00You pay€7,000.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€0.991 EUR = 1540.9729 NGN
₦10,786,810.30You pay€7,000.99
Cash pickupMinutes - 24 hours
€4.991 EUR = 1529.9606 NGN
₦10,709,724.20You pay€7,004.99

Wise

Pay via Bank transfer
Fee €46.96 1 EUR = 1550.6600 NGN -2.52% vs mid-market Recipient gets ₦10,781,801.01 Within minutes
Our top pick
Multi-currency cardReceive to bank accountDedicated support for large transfers

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 = 1550.6600 NGN
₦10,781,801.01You pay€7,000.00

Wise

Pay via iDEAL
Fee €57.07 1 EUR = 1550.6600 NGN -2.52% vs mid-market Recipient gets ₦10,766,123.83 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Nigeria with Wise when paying by ideal.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€57.071 EUR = 1550.6600 NGN
₦10,766,123.83You pay€7,000.00

TapTap Send

Pay via Debit card
Fee €0.00 1 EUR = 1533.0000 NGN -1.38% vs mid-market Recipient gets ₦10,731,000.00 Minutes
Receive to bank account

Ways to receive money in Nigeria with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 EUR = 1533.0000 NGN
₦10,731,000.00You pay€7,000.00
Mobile moneyMinutesAvailable via:FairMoney, Kuda Bank, OPay, PalmPay
Free1 EUR = 1533.0000 NGN
₦10,731,000.00You pay€7,000.00

Xe

Pay via Debit card
Fee €0.00 1 EUR = 1530.2702 NGN -1.20% vs mid-market Recipient gets ₦10,711,891.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1530.2702 NGN
₦10,711,891.40You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 1530.2702 NGN -1.20% vs mid-market Recipient gets ₦10,711,891.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1530.2702 NGN
₦10,711,891.40You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 1530.2702 NGN -1.20% vs mid-market Recipient gets ₦10,711,891.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Nigeria with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1530.2702 NGN
₦10,711,891.40You pay€7,000.00
Only available via Mobile App

Sendwave

Pay via Debit card
Fee €0.99 1 EUR = 1530.0485 NGN -1.19% vs mid-market Recipient gets ₦10,708,824.96 Minutes - 3 days
Receive to bank account or cash pickup

Ways to receive money in Nigeria with Sendwave when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 3 days
€0.991 EUR = 1530.0485 NGN
₦10,708,824.96You pay€7,000.00

Wise

Pay via Debit card
Fee €101.79 1 EUR = 1550.6600 NGN -2.52% vs mid-market Recipient gets ₦10,696,778.32 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

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 = 1550.6600 NGN
₦10,696,778.32You pay€7,000.00
Only available via Mobile App

WorldRemit

Pay via Debit card
Fee €0.00 1 EUR = 1528.0786 NGN -1.06% vs mid-market Recipient gets ₦10,696,549.99 Minutes - 2 days
Receive to bank account or cash pickup

Ways to receive money in Nigeria with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
Free1 EUR = 1528.0786 NGN
₦10,696,549.99You pay€7,000.00

Wise

Pay via Credit card
Fee €143.68 1 EUR = 1550.6600 NGN -2.52% vs mid-market Recipient gets ₦10,631,821.17 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

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 = 1550.6600 NGN
₦10,631,821.17You pay€7,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 1507.9331 NGN +0.27% vs mid-market Recipient gets ₦10,555,531.95 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Nigeria with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1507.9331 NGN
₦10,555,531.95You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €60.50 1 EUR = 1500.2611 NGN +0.78% vs mid-market Recipient gets ₦10,411,061.78 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in Nigeria with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€60.501 EUR = 1500.2611 NGN
₦10,411,061.78You 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 = 1512.0156 NGN Updates every 60 minutes.

How to send money from Italy to Nigeria

Pick a company

For a one-off EUR transfer to Nigeria, I suggest picking the cheapest option which is MoneyGram.

MoneyGram was the cheapest on 18 of the 30 days it quoted €7,000 transfers to Nigeria.

On a 7,000 EUR transfer, MoneyGram delivers the most NGN.

The best option will change depending on how much you actually send, so I suggest to get the best EUR/NGN rate.

Fund your transfer

You have 4 ways to fund your transfer, including debit card, bank transfer, credit card, and iDEAL, as well as a Postepay card.

Sending money to Nigeria from your Italian bank is usually expensive when currency conversion is involved, but many money transfer services offer SEPA deposits which are quicker and cheaper.

Verify and send

First time round you'll need your codice fiscale and a photo ID to verify your account.

Compare amounts

How much EUR are you sending to Nigeria?

How much EUR you send to Nigeria heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows MoneyGram was the cheapest in 56% of the transfers from €5,000 it quoted, and in 55% of all the transfers it quoted.

Cheapest service
€500-1.88%€0.99₦770,500.00with debit card to mobile money+₦7,030.38
€1,000-1.93%€0.99₦1,541,000.00with debit card to mobile money+₦10,456.83
€2,000-2.57%€14.17₦3,082,405.33with bank transfer to bank deposit+₦37,069.90
€5,000-2.62%€33.85₦7,710,891.44with bank transfer to bank deposit+₦74,078.50
€7,000This page-1.90%€0.99₦10,787,000.00with debit card to mobile money+₦88,588.85

Mid-market rate: 1 EUR = 1512.0156 NGN

EUR/NGN Exchange Rate History

Is today a good time to send money from Italy to Nigeria?

The cheapest way to send EUR to NGN can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's MoneyGram), across 30 days of comparisons for 7,000 EUR transfers to Nigeria.

NGN received for €7,000, after fees

Tue, 10 Nov 2026Mid-market rate₦10,584,109.05 MoneyGram ₦10,787,000.00MoneyGram₦10,787,000.00Wise₦10,781,801.01TapTap Send₦10,731,000.00

10,3M
10,4M
10,5M
10,6M
10,7M
10,8M
10,9M
At the mid-market rateWith the cheapest optionMoneyGramWiseTapTap Send
Exchange rateFeeRecipient getsDifference
Mid-market rate 1492.1141 – ₦10,444,798.51
TapTap Send Cheapest 1521.0000 €0.00 ₦10,647,000.00 +₦202,201.49
MoneyGram 1517.5672 €0.99 ₦10,622,970.40 +₦178,171.89
Wise 1527.6100 €46.96 ₦10,621,533.43 +₦176,734.92
Exchange rateFeeRecipient getsDifference
Mid-market rate 1488.3435 – ₦10,418,404.79
MoneyGram Cheapest 1520.9520 €4.99 ₦10,646,664.00 +₦228,259.21
Wise 1525.2900 €46.96 ₦10,605,402.38 +₦186,997.59
TapTap Send 1512.0000 €0.00 ₦10,584,000.00 +₦165,595.21
Exchange rateFeeRecipient getsDifference
Mid-market rate 1488.4256 – ₦10,418,979.03
Sendwave Cheapest 1516.3970 €0.99 ₦10,613,277.56 +₦194,298.53
Wise 1525.5400 €46.96 ₦10,607,140.64 +₦188,161.61
TapTap Send 1515.0000 €0.00 ₦10,605,000.00 +₦186,020.97
MoneyGram 1513.4543 €0.99 ₦10,594,180.10 +₦175,201.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 1491.5649 – ₦10,440,954.60
MoneyGram Cheapest 1515.2329 €0.99 ₦10,606,630.30 +₦165,675.70
Wise No quote collected this day – – – –
TapTap Send No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1496.6225 – ₦10,476,357.74
TapTap Send Cheapest 1523.0600 €0.00 ₦10,661,420.00 +₦185,062.26
MoneyGram 1521.2270 €4.99 ₦10,648,589.00 +₦172,231.26
Wise 1527.0300 €46.96 ₦10,617,500.67 +₦141,142.93
Exchange rateFeeRecipient getsDifference
Mid-market rate 1495.9032 – ₦10,471,322.26
MoneyGram Cheapest 1525.0147 €0.99 ₦10,675,102.90 +₦203,780.64
TapTap Send 1521.0000 €0.00 ₦10,647,000.00 +₦175,677.74
Wise 1526.4700 €46.96 ₦10,613,606.97 +₦142,284.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 1495.9032 – ₦10,471,322.26
MoneyGram Cheapest 1525.0147 €0.99 ₦10,675,102.90 +₦203,780.64
TapTap Send 1521.0000 €0.00 ₦10,647,000.00 +₦175,677.74
Wise 1526.4700 €46.96 ₦10,613,606.97 +₦142,284.71
Exchange rateFeeRecipient getsDifference
Mid-market rate 1494.0001 – ₦10,458,000.63
MoneyGram Cheapest 1525.0147 €0.99 ₦10,675,102.90 +₦217,102.27
TapTap Send 1521.0000 €0.00 ₦10,647,000.00 +₦188,999.37
Wise 1522.3500 €46.96 ₦10,584,960.44 +₦126,959.81
Exchange rateFeeRecipient getsDifference
Mid-market rate 1491.2802 – ₦10,438,961.12
TapTap Send Cheapest 1523.0000 €0.00 ₦10,661,000.00 +₦222,038.88
MoneyGram 1521.0492 €0.99 ₦10,647,344.40 +₦208,383.28
Wise 1527.1400 €46.96 ₦10,618,265.51 +₦179,304.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 1493.4887 – ₦10,454,420.58
MoneyGram Cheapest 1525.0901 €4.99 ₦10,675,630.70 +₦221,210.12
TapTap Send 1521.0000 €0.00 ₦10,647,000.00 +₦192,579.42
Wise 1524.3900 €46.96 ₦10,599,144.65 +₦144,724.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 1496.5558 – ₦10,475,890.52
TapTap Send Cheapest 1521.2400 €0.00 ₦10,648,680.00 +₦172,789.48
MoneyGram 1521.0288 €0.99 ₦10,647,201.60 +₦171,311.08
Wise 1526.7000 €46.96 ₦10,615,206.17 +₦139,315.65
Exchange rateFeeRecipient getsDifference
Mid-market rate 1492.0247 – ₦10,444,173.06
Sendwave Cheapest 1547.3180 €0.99 ₦10,829,694.23 +₦385,521.17
MoneyGram 1521.3879 €0.99 ₦10,649,715.30 +₦205,542.24
TapTap Send 1521.3500 €0.00 ₦10,649,450.00 +₦205,276.94
Wise 1526.2000 €46.96 ₦10,611,729.65 +₦167,556.59
Exchange rateFeeRecipient getsDifference
Mid-market rate 1492.2197 – ₦10,445,537.85
TapTap Send Cheapest 1521.6000 €0.00 ₦10,651,200.00 +₦205,662.15
MoneyGram 1521.3969 €4.99 ₦10,649,778.30 +₦204,240.45
Wise 1526.4800 €46.96 ₦10,613,676.50 +₦168,138.65
Exchange rateFeeRecipient getsDifference
Mid-market rate 1492.2197 – ₦10,445,537.85
TapTap Send Cheapest 1522.0000 €0.00 ₦10,654,000.00 +₦208,462.15
MoneyGram 1521.3969 €4.99 ₦10,649,778.30 +₦204,240.45
Wise 1526.4800 €46.96 ₦10,613,676.50 +₦168,138.65
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 1541.0700 €46.96 ₦10,715,121.35 –
TapTap Send 1525.0000 €0.00 ₦10,675,000.00 –
MoneyGram 1521.3969 €4.99 ₦10,649,778.30 –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1495.8755 – ₦10,471,128.53
MoneyGram Cheapest 1536.4425 €0.99 ₦10,755,097.50 +₦283,968.97
Wise 1545.6800 €46.96 ₦10,747,174.87 +₦276,046.34
TapTap Send 1525.0000 €0.00 ₦10,675,000.00 +₦203,871.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 1491.5999 – ₦10,441,199.43
TapTap Send Cheapest 1540.0000 €0.00 ₦10,780,000.00 +₦338,800.57
MoneyGram 1532.2281 €0.99 ₦10,725,596.70 +₦284,397.27
Wise 1534.5400 €46.96 ₦10,669,718.00 +₦228,518.57
Exchange rateFeeRecipient getsDifference
Mid-market rate 1500.3672 – ₦10,502,570.72
MoneyGram Cheapest 1536.0049 €4.99 ₦10,752,034.30 +₦249,463.58
TapTap Send 1536.0000 €0.00 ₦10,752,000.00 +₦249,429.28
Wise 1537.5900 €46.96 ₦10,690,924.77 +₦188,354.05
Exchange rateFeeRecipient getsDifference
Mid-market rate 1506.4702 – ₦10,545,291.43
MoneyGram Cheapest 1538.3042 €4.99 ₦10,768,129.40 +₦222,837.97
TapTap Send 1525.0000 €0.00 ₦10,675,000.00 +₦129,708.57
Wise 1533.6400 €46.96 ₦10,663,460.27 +₦118,168.84
Exchange rateFeeRecipient getsDifference
Mid-market rate 1508.8124 – ₦10,561,686.81
MoneyGram Cheapest 1526.9499 €0.99 ₦10,688,649.30 +₦126,962.49
TapTap Send 1521.0000 €0.00 ₦10,647,000.00 +₦85,313.19
Wise 1527.8700 €46.96 ₦10,623,341.22 +₦61,654.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 1508.8124 – ₦10,561,686.81
MoneyGram Cheapest 1526.9499 €0.99 ₦10,688,649.30 +₦126,962.49
TapTap Send 1523.0000 €0.00 ₦10,661,000.00 +₦99,313.19
Wise 1527.8700 €46.96 ₦10,623,341.22 +₦61,654.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 1505.1048 – ₦10,535,733.63
MoneyGram Cheapest 1526.9499 €0.99 ₦10,688,649.30 +₦152,915.67
Wise 1535.8200 €46.96 ₦10,678,617.89 +₦142,884.26
TapTap Send 1523.0000 €0.00 ₦10,661,000.00 +₦125,266.37
Exchange rateFeeRecipient getsDifference
Mid-market rate 1505.2737 – ₦10,536,915.64
Wise Cheapest 1541.6600 €46.96 ₦10,719,223.65 +₦182,308.01
MoneyGram 1530.5785 €0.99 ₦10,714,049.50 +₦177,133.86
TapTap Send 1515.0000 €0.00 ₦10,605,000.00 +₦68,084.36
Exchange rateFeeRecipient getsDifference
Mid-market rate 1510.1787 – ₦10,571,251.11
Wise Cheapest 1545.3600 €46.96 ₦10,744,949.89 +₦173,698.78
TapTap Send 1530.0000 €0.00 ₦10,710,000.00 +₦138,748.89
MoneyGram 1526.2157 €0.99 ₦10,683,509.90 +₦112,258.79
Exchange rateFeeRecipient getsDifference
Mid-market rate 1513.9257 – ₦10,597,479.84
MoneyGram Cheapest 1542.5920 €0.99 ₦10,798,144.00 +₦200,664.16
Wise 1547.7200 €46.96 ₦10,761,359.07 +₦163,879.23
TapTap Send 1535.0000 €0.00 ₦10,745,000.00 +₦147,520.16
Exchange rateFeeRecipient getsDifference
Mid-market rate 1502.4141 – ₦10,516,898.87
MoneyGram Cheapest 1541.3859 €4.99 ₦10,789,701.30 +₦272,802.43
TapTap Send 1541.3300 €0.00 ₦10,789,310.00 +₦272,411.13
Wise 1531.6600 €46.96 ₦10,649,693.25 +₦132,794.38
Exchange rateFeeRecipient getsDifference
Mid-market rate 1502.2349 – ₦10,515,643.95
MoneyGram Cheapest 1527.6155 €0.99 ₦10,693,308.50 +₦177,664.55
Wise 1529.2800 €46.96 ₦10,633,145.01 +₦117,501.06
TapTap Send 1515.0000 €0.00 ₦10,605,000.00 +₦89,356.05
Exchange rateFeeRecipient getsDifference
Mid-market rate 1502.2349 – ₦10,515,643.95
MoneyGram Cheapest 1527.6155 €0.99 ₦10,693,308.50 +₦177,664.55
TapTap Send 1525.0000 €0.00 ₦10,675,000.00 +₦159,356.05
Wise 1529.2800 €46.96 ₦10,633,145.01 +₦117,501.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 1507.7927 – ₦10,554,549.01
MoneyGram Cheapest 1527.6155 €0.99 ₦10,693,308.50 +₦138,759.49
Wise 1536.4400 €46.96 ₦10,682,928.78 +₦128,379.77
TapTap Send 1525.0000 €0.00 ₦10,675,000.00 +₦120,450.99
Exchange rateFeeRecipient getsDifference
Mid-market rate 1512.0156 – ₦10,584,109.05
MoneyGram Cheapest 1541.0000 €0.99 ₦10,787,000.00 +₦202,890.95
Wise 1550.6600 €46.96 ₦10,781,801.01 +₦197,691.96
TapTap Send 1533.0000 €0.00 ₦10,731,000.00 +₦146,890.95

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more NGN per EUR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 29 of the last 30 days.

Right now, MoneyGram pays 10,787,000 NGN on 7,000 EUR, which is 202,890.95 NGN more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 10,829,694.23 NGN.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Nigeria.

We've tracked 146 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.

  1. MoneyGramAppeared in 124 comparisons

    Cheapest in 55% of them

  2. WiseAppeared in 133 comparisons

    Cheapest in 13% of them

  3. TapTap SendAppeared in 129 comparisons

    Cheapest in 31% of them

Based on 146 comparisons across 5 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today MoneyGram is the cheapest and gets you the most NGN, and it was also the cheapest in 55% of the 124 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Nigeria.

Wise (today's second cheapest) was the cheapest in only 13% of its comparisons, so it's rarely the cheapest option for transfers to Nigeria.

Ways to send money from Italy to Nigeria

8 companies send money from Italy to Nigeria. You can send EUR via app, online, multi-currency account, global business account, currency broker, and in person, and more below.

Regular transfers

Money transfer apps

For the regular transfer home, an app like MoneyGram is the easiest and most convenient option.

Over the past month, MoneyGram was the cheapest app on 60% of the days it appeared for €7,000 transfers.

MoneyGram charges €0.99 on a €7,000 transfer, and 10,787,000 NGN lands in minutes - 24 hours.

For one-off transfers

Online transfers

For transfers outside the euro, a bank transfer often passes through intermediary banks, and each one can take a cut along the way.

Online services skip this and use their own network (it’s much cheaper).

MoneyGram delivers 10,787,000 NGN on €7,000 with a €0.99 fee and -1.9% markup.

In our comparisons over the past month, it was the cheapest online service on 26 of the 30 days it quoted.

Sending large sums

Currency brokers

Managed services charge no fees and work on margin instead, and the more you send to Nigeria, the better rate you will get.

Xe charges no fee and adds -1.2% on EUR/NGN rate.

Our analysis shows Xe was the cheapest broker in 100% of the transfers from €5,000 it quoted.

Travelling and receiving

Multi-currency accounts

If you travel to Nigeria often, or receive payments from there, this is the best option.

Multi-currency accounts let you hold EUR and NGN in one account, and for some currencies you also get local account details.

I suggest trying Wise.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

It holds EUR and NGN balances and charges small fees to convert between them.

For business payments

Global accounts

Global accounts are for businesses and freelancers with a partita IVA, paying suppliers abroad, invoicing foreign clients, holding a few currencies.

A few good options are Wise Business, Airwallex, and Payoneer.

Ways to fund EUR and receive NGN in Nigeria

With MoneyGram, paying by debit card and receiving through mobile money is the cheapest combination. Sending €7,000 gives your recipient 10,787,000 NGN.

In Italy, you can pay by debit card, bank transfer, credit card, and iDEAL.

Satispay and Bancomat Pay are mainly domestic payment methods, they do not send NGN to Nigeria by themselves.

In Nigeria, the recipient can use bank deposit, mobile money, and cash pickup.

In Nigeria, they can collect cash through MoneyGram.

They need to take a photo ID and the collection reference to a participating MoneyGram location in Nigeria.

  1. 1
    Debit card Mobile money

    You pay €7,000.99

    ₦10,787,000

    Cheapest

  2. 2
    Credit card Mobile money

    You pay €7,000.99

    ₦10,787,000

    ₦0

  3. 3
    Bank transfer Mobile money

    You pay €7,000.99

    ₦10,787,000

    ₦0

  4. 4
    Debit card Bank deposit

    You pay €7,000.99

    ₦10,786,810

    -₦190

  5. 5
    Credit card Bank deposit

    You pay €7,000.99

    ₦10,786,810

    -₦190

Show moreShow less
  1. 6
    Bank transfer Bank deposit

    You pay €7,000.99

    ₦10,786,810

    -₦190

  2. 7
    iDEAL Bank deposit

    You pay €7,000.00

    ₦10,766,124

    -₦20,876

  3. 8
    Debit card Cash pickup

    You pay €7,004.99

    ₦10,709,724

    -₦77,276

  4. 9
    Credit card Cash pickup

    You pay €7,004.99

    ₦10,709,724

    -₦77,276

  5. 10
    Bank transfer Cash pickup

    You pay €7,004.99

    ₦10,709,724

    -₦77,276

Consider this when sending money from Italy to Nigeria

For a transfer from Italy, compare the amount received first. Then check whether you are making a SEPA payment, an extra-SEPA transfer or a cash-agent remittance, because each works differently.

Compare money transfer options

These are the leading options for a €7,000 transfer to Nigeria.

Cheapest way to send money to Nigeria

The cheapest option is MoneyGram, funded by debit card with mobile money for the payout. Your recipient gets 10,787,000 NGN, which is 0.05% 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 10,411,061.78 NGN, with the money arriving in within minutes.

SEPA only covers the first leg

A bonifico can move euros from your Italian bank to the transfer company through SEPA.

Companies like MoneyGram then convert the money into NGN and pay your recipient in Nigeria through a local bank, a wallet, or a cash-pickup network.

SEPA may fund the transfer quickly, but the delivery time depends on the local payout method.

Check the agent when paying in person

In Italy, the term "money transfer" often means a cash-agent shop rather than an online bank transfer.

The Banca d'Italia confirms that money remittance must be provided by a bank, electronic money institution or authorised payment institution.

Their Italian agents must appear in the OAM register.

Prepare for anti-money-laundering checks

Italian banks and transfer companies can pause a large, unusual or poorly explained payment while they check its purpose and source.

Use a clear causale and keep the document that explains the money ready.

For property proceeds, tuition or moving savings, tell the bank before the transfer is due.

If a payment-service complaint is not resolved directly, the Arbitro Bancario Finanziario is the Italian financial ombudsman route.

How we analyse the market

Every company here is regulated by Banca d’Italia or by its home country’s financial regulator.

We track 8 of them on EUR to Nigeria, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.

In the past 30 days alone, we analysed 146 comparisons across 5 amounts.

This page covers the cheapest and fastest options for EUR/NGN transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Nothing appears without passing our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.