Grey is the overall cheapest way to send money from Nigeria of the 6 options available. It will get you 215.28 EUR from 360,000 NGN transfer.
In Germany, you can withdraw money using bank deposit.
Use our filters below to find the best transfer option for your needs.
| 7 of 7 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze NGN/EUR exchange rates from our comparisons. | |||
| Based on 360,000 NGN transfer Best companies for NGN/EUR transfersAll money transfer offers for NGN/EUR transfers, sorted by most EUR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
Run a live search Showing top Nigeria to Germany deals for 360,000 NGN. 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 NGN to EUR rates. | |||
Run a live search These companies offer multi-currency accounts for spending EUR. We suggest doing a live search based on how much NGN you're planning to spend in Germany. | |||
Run a live search These are managed services with real human support for large NGN transfers. Click the link and update the transfer amount to get the best deal. | |||
 Lemfi Pay via Bank transfer | Fee ₦0.00 1 NGN = 0.0006 EUR +8.01% vs mid-market | Recipient gets €215.99 3-6 Hours | |
Ways to receive money in Germany with Lemfi when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit3-6 Hours Free1 NGN = 0.0006 EUR €215.99You pay₦360,000.00 | |||
 Grey Pay via Bank transfer | Fee ₦0.50 1 NGN = 0.0006 EUR +8.00% vs mid-market | Recipient gets €215.28 Minutes | |
Ways to receive money in Germany with Grey when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₦0.501 NGN = 0.0006 EUR €215.28You pay₦360,000.00 | |||
 Afriex Pay via Bank transfer | Fee ₦0.00 1 NGN = 0.0006 EUR +9.00% vs mid-market | Recipient gets €212.94 Minutes - 24 hours | |
Ways to receive money in Germany with Afriex when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 NGN = 0.0006 EUR €212.94You pay₦360,000.00 | |||
 Pesa Pay via Bank transfer | Fee ₦1,800.00 1 NGN = 0.0006 EUR +9.00% vs mid-market | Recipient gets €211.88 Minutes - 24 hours | |
Ways to receive money in Germany with Pesa when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours ₦1,800.001 NGN = 0.0006 EUR €211.88You pay₦360,000.00 | |||
| Send Money Between PayPal Accounts  PayPal App (P2P Transfer) Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 0.0006 EUR +6.00% vs mid-market | Recipient gets €211.16 Minutes | |
Ways to receive money in Germany with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₦14,400.001 NGN = 0.0006 EUR €211.16You pay₦360,000.00 | |||
| Send cash via a MoneyGram agent  MoneyGram Agent Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 0.0006 EUR +6.00% vs mid-market | Recipient gets €211.16 Minutes - 3 days | |
Ways to receive money in Germany with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days ₦14,400.001 NGN = 0.0006 EUR €211.16You pay₦360,000.00 | |||
| Send cash via a Western Union agent  Western Union Agent Pay via Bank transfer | Fee ₦10,800.00 1 NGN = 0.0006 EUR +7.00% vs mid-market | Recipient gets €211.09 Minutes - 5 days | |
Ways to receive money in Germany with Western Union Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days ₦10,800.001 NGN = 0.0006 EUR €211.09You pay₦360,000.00 | |||
| How Our Results Work Mid-market rate: 1 NGN = 0.000650 EUR Updates every 60 minutes. | |||
Transfer details
Start with the best service, which is Grey at 215.28 EUR for ₦360,000 transfer.
Most of the transfer apps you see advertised only bring money into Nigeria, but companies above can send it out.
You have 1 ways to pay, including bank transfer.
A transfer from your banking app is instant and free, and it's how nearly everyone pays.
First time round you'll need your BVN and a photo ID.
Get it done before the day you need to send, since it's the usual reason a first transfer stalls.
Check the rate you're shown against the day's rate before you confirm.
There are 6 money transfer services sending NGN to Germany.
Cheapest way to send NGN
You can send NGN to the Germany online or through the app.
The cheapest way is Afriex, it will get you 212.94 EUR for ₦360,000.
To get the most out of your transfer, deposit with a bank transfer and receive with a bank deposit.
With Grey, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending ₦360,000 gives your recipient 215.28 EUR.
For paying in NGN, you can use bank transfer.
I suggest funding the NGN side by bank transfer
Use bank transfer to add NGN from your Nigerian account.
NIP moves the money to the specialist within Nigeria, then the specialist handles the cross-border transfer to Germany over internal network.
They can receive EUR using bank deposit.
To receive money as bank deposit (straight to their bank account), enter their bank and account details in Germany.
You pay ₦360,000.00
€215
Cheapest
Sending money out of Nigeria is an access-to-FX problem first. The cheapest quote only matters if the company can legally accept NGN from a Nigerian resident.
There are 6 companies available for a ₦360,000 transfer to Germany, so the shortlist is smaller than it is for money coming into Nigeria.
Cheapest way to send money to Germany
The cheapest option is Grey, funded by bank transfer with bank deposit for the payout. Your recipient gets 215.28 EUR, which is 1.09% more than the next best option.
Fastest way to send money to Germany
The fastest option is Grey. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 215.28 EUR in minutes.
NIP can move NGN from your bank to the transfer company within Nigeria, but it does not send the money to Germany.
The company still needs an approved cross-border route for the conversion and payout.
For a bank wire, money already held in a domiciliary account is generally easier to document than foreign currency bought informally and deposited as cash.
Use the CBN's licensed institution records and confirm that the service is authorised for money transfers.
Do not send naira to a personal account or an unknown USDT seller because the quoted rate is better.
If the transfer fails, there may be no real way to recover it.
The NGN/EUR rate affects the final amount received in Germany, so compare the current quote with its recent range.
Mid-market rate:1 NGN = 0.000651 EUR
Only companies licensed to send money out of Nigeria make this table, which rules out most of the apps you'll see advertised.
We track 6 of them on NGN to EUR, comparing rates, fees and how the money is paid in and collected. Each goes through our review first.
Rates here move daily, so ours refresh in real time on live searches. More on who we are, why you can trust us and getting 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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