Regular transfers
Money transfer apps
For the regular transfer home, an app like Wise is the easiest and most convenient option.
Wise charges €46.96 on a €7,000 transfer, and 10,833,323.03 NGN lands in within minutes.
How to send money to Nigeria from Italy with the best EUR-NGN rate
Wise is the cheapest right now for transfers from Italy. Using a bank transfer deposit into a bank deposit will get you 10,833,323.03 NGN in Nigeria.
For speed, Revolut is fastest, with delivery in within minutes.
| 3 of 3 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 = 1558.0700 NGN -3.06% vs mid-market | Recipient gets ₦10,833,323.03 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 = 1558.0700 NGN ₦10,833,323.03You pay€7,000.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 1507.0837 NGN +0.27% vs mid-market | Recipient gets ₦10,549,585.66 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 = 1507.0837 NGN ₦10,549,585.66You 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. | |||
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. | |||
| Wise Pay via Bank transfer | Fee €46.96 1 EUR = 1558.0700 NGN -3.06% vs mid-market | Recipient gets ₦10,833,323.03 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 = 1558.0700 NGN ₦10,833,323.03You pay€7,000.00 | |||
| Wise Pay via iDEAL/WERO | Fee €57.07 1 EUR = 1558.0700 NGN -3.06% vs mid-market | Recipient gets ₦10,817,570.95 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 = 1558.0700 NGN ₦10,817,570.95You pay€7,000.00 | |||
| Wise Pay via Debit card | Fee €101.79 1 EUR = 1558.0700 NGN -3.06% vs mid-market | Recipient gets ₦10,747,894.05 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 = 1558.0700 NGN ₦10,747,894.05You pay€7,000.00 | |||
| Wise Pay via Credit card | Fee €143.68 1 EUR = 1558.0700 NGN -3.06% vs mid-market | Recipient gets ₦10,682,626.50 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 = 1558.0700 NGN ₦10,682,626.50You pay€7,000.00 | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 1507.0837 NGN +0.27% vs mid-market | Recipient gets ₦10,549,585.66 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 = 1507.0837 NGN ₦10,549,585.66You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €70.50 1 EUR = 1501.9740 NGN +0.61% vs mid-market | Recipient gets ₦10,407,929.16 Within minutes | |
Ways to receive money in Nigeria with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes €70.501 EUR = 1501.9740 NGN ₦10,407,929.16You 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 = 1511.1638 NGN Updates every 60 minutes. | |||
Transfer details
How to send money from Italy to Nigeria
Pick a company
For a one-off transfer to Nigeria, I suggest picking the cheapest option which is Wise.
On a 7,000 EUR transfer, Wise 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: bank transfer, ideal, debit card, and credit card.
Sending money to Nigeria directly with SEPA is expensive, but using it to fund the money transfer account, since its cheap and quick.
You can also use a debit card to fund the transfer, including the Postepay card.
Verify and send
First time round you'll need your codice fiscale and a photo ID to verify your account.
Ways to send money from Italy to Nigeria
3 companies send money from Italy to Nigeria. You can send EUR via app, multi-currency account, global account, online, and broker, and more below.
For one-off transfers
Online transfers
Outside the euro transfers, a bank transfer 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).
Wise delivers 10,833,323.03 NGN on €7,000 with a €46.96 fee and -3.06% markup.
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.
Regency FX charges no fee and adds 0.27% on EUR/NGN rate.
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 give you local details.
I suggest trying Wise.
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 Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending €7,000 gives your recipient 10,833,323.03 NGN.
In Italy, you can pay by bank transfer, ideal, debit card, and credit card.
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.
- 1 Bank transfer Bank deposit
You pay €7,000.00
₦10,833,323
Cheapest
- 2 Ideal Bank deposit
You pay €7,000.00
₦10,817,571
-₦15,752
- 3 Debit card Bank deposit
You pay €7,000.00
₦10,747,894
-₦85,429
- 4 Credit card Bank deposit
You pay €7,000.00
₦10,682,627
-₦150,697
Consider this when sending money from Italy to NGN
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
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 Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 10,833,323.03 NGN, which is 2.62% 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 10,407,929.16 NGN, with the money arriving in within minutes.
SEPA only covers the first leg
SEPA only covers the first leg
A bonifico can move euros from your Italian bank to the transfer company through SEPA.
Companies like Wise 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
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
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.
Finding the best rate to send money from Italy to Nigeria
The exchange rate affects the final NGN amount, so compare today's quote with the recent EUR/NGN range before sending.
Mid-market rate:1 EUR = 1,511.029653 NGN
How we analyse the market
Every company here is registered with Banca d'Italia or passported in from elsewhere in the EU.
We track 3 of them on EUR to Nigeria, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.
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.
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