Of the 3 companies servicing JPY/NGN, Wise is the cheapest, and Revolut is the fastest.
Sending ¥1,000,000 to Nigeria with Wise will get your recipient 8,617,899.22 NGN.
| 3 of 3 providers Last updated on 28 September 2026 | |||
| Based on 1,000,000 JPY transfer Best companies for JPY/NGN transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee ¥9,323.00 1 JPY = 8.6990 NGN -3.04% vs mid-market | Recipient gets ₦8,617,899.22 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer ¥9,323.001 JPY = 8.6990 NGN ₦8,617,899.22You pay¥1,000,000.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee ¥0.00 1 JPY = 8.4157 NGN +0.27% vs mid-market | Recipient gets ₦8,415,713.06 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 JPY = 8.4157 NGN ₦8,415,713.06You pay¥1,000,000.00 | |||
Run a live search Showing top Japan to Nigeria deals for 1,000,000 JPY. 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 JPY 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 JPY you're planning to spend in Nigeria. | |||
Run a live search These are managed services with real human support for large JPY transfers. Click the link and update the transfer amount to get the best deal. | |||
| Wise Pay via Bank transfer | Fee ¥9,323.00 1 JPY = 8.6990 NGN -3.04% vs mid-market | Recipient gets ₦8,617,899.22 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer ¥9,323.001 JPY = 8.6990 NGN ₦8,617,899.22You pay¥1,000,000.00 | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee ¥0.00 1 JPY = 8.4157 NGN +0.27% vs mid-market | Recipient gets ₦8,415,713.06 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 JPY = 8.4157 NGN ₦8,415,713.06You pay¥1,000,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee ¥3,500.00 1 JPY = 8.3846 NGN +0.64% vs mid-market | Recipient gets ₦8,355,296.51 Within minutes | |
Ways to receive money in Nigeria with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes ¥3,500.001 JPY = 8.3846 NGN ₦8,355,296.51You pay¥1,000,000.00 | |||
| 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 JPY = 8.4385 NGN Updates every 60 minutes. | |||
Transfer details
We suggest starting with Wise since its the cheapest option for sending ¥1,000,000.
The best and cheapest options will change depending on the amount, so it's a good idea to to get the best JPY/NGN rate today.
You can fund your transfer from Japan via bank transfer.
A furikomi from your bank reaches the money transfer company account the same day.
You can also pay cash at a konbini terminal or an ATM for cash transfer.
When opening a new money transfers account, you'll need your residence card to register (tourists can't send money from Japan).
If you support family back home, ask about registering them as dependents, it may cut your income and resident tax (not tax advice).
3 companies send money from Japan to Nigeria.
Everyday transfers
Online transfers to Nigeria are usually faster and cheaper than a traditional Japanese bank wire.
Depending on the service, you can deposit money via bank deposit (Suica and other IC cards won’t work).
Wise is the cheapest option.
It charges ¥9323 to send 1,000,000 JPY and your recipient gets 8,617,899.22 NGN (after a ¥9323 fee and a -3.04% markup). The NGN will arrive in within minutes.
You will normally need your residence card to open an account.
Regular overseas spending
A multi-currency account lets you convert part of your yen and keep NGN for future payments.
Wise lets you hold JPY and NGN in one account and swap between them as you need.
Converting ¥1,000,000 gets you 8,617,899.22 NGN, after -3.04% markup and ¥9323 fee.
This is convenient for receiving payments in JPY or NGN, or spending money when traveling to Nigeria.
Paying contractors
Global accounts help Japanese businesses make repeat payments to contractors and suppliers in Nigeria.
Wise Business and Payoneer offer great business accounts in Japan.
With Wise, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending ¥1,000,000 gives your recipient 8,617,899.22 NGN.
You can fund the yen side by bank transfer.
Pay from a Japanese bank account
Transfer JPY using the account and reference provided by the money transfer company.
A domestic bank payment funds the transfer (usually very fast), but it does not determine how quickly NGN reaches the recipient.
For the payout, your recipient can use bank deposit in Nigeria.
You pay ¥1,000,000.00
₦8,617,899
Cheapest
The weak yen makes the exchange-rate margin especially important. Foreign residents should also expect identity and purpose checks before the first overseas transfer.
These are the leading options for a ¥1,000,000 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 8,617,899.22 NGN, which is 2.35% 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 8,355,296.51 NGN in within minutes.
Japanese banks and registered funds-transfer companies can ask for a residence card, address, My Number and the purpose of an overseas payment.
The exact documents depend on the money transfer company and transfer purpose.
The first payment may take longer while the account is being checked.
Keep the invoice or document explaining the payment ready if you are sending tuition, property money or a large personal transfer.
The Financial Services Agency advises foreign residents to use a licensed bank or Funds Transfer Service Provider.
PayPay, Suica, IC cards, and a domestic furikomi are useful inside Japan, but they do not send JPY to Nigeria.
Japan's annual basic gift-tax exemption is ¥1.1 million per recipient under the calendar-year system.
The recipient may need to file and pay tax when total gifts received during the year exceed that amount.
Residence and asset-location rules can make cross-border cases more complicated, so do not assume that receiving the money in an overseas account avoids Japanese tax.
Non-bank remittance balances are protected under the Payment Services Act, but they are not ordinary bank deposits, so avoid leaving more money there beyond what you need to send.
The rate you secure decides how much NGN arrives for your JPY. Recent movement gives you a useful range to compare against today's quote.
Mid-market rate:1 JPY = 8.448838 NGN
We track 3 registered funds transfer companies sending JPY to Nigeria, updated in real time on live searches.
With the yen weak, the exchange margin decides more than the fee does, so that's what we lead the comparison on, along with the ways to pay and collect.
Each goes through 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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