How to send money to New Zealand from Nigeria with the best NGN-NZD rate

The exchange rate determines the price you’ll pay for New Zealand Dollar when you send Naira to New Zealand.

The current exchange rate between the Naira and New Zealand Dollar is 0.0013, and it constantly fluctuates.

When calculating the cost of sending money from Nigeria to New Zealand, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current NGN-NZD mid-market rate is 0.0013 NZD per Naira. Finding a provider as close to this number as possible will ensure more New Zealand Dollar for your money.

• Fees: Transfer fees are charged on top of a transfer. MoneyGram Agent currently offers the lowest fees of 14400 NGN per transfer (based on ₦360,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in New Zealand Dollar is the biggest indicator in the total cost of sending money to Nigeria from New Zealand. The higher the total amount received in New Zealand, the lower the cost of sending from Nigeria.

It’s possible that waiting a day or two can help you get more NZD for the same amount of Naira. But, the best way to lock in a price between Nigeria and New Zealand is by using a forward contract.

A bank transfer is our recommended option for money transfers between Nigeria and New Zealand. MoneyGram Agent offers the best price on a bank transfer.

Here are all the ways to send money from Nigeria to New Zealand:

Bank transfers

Bank transfers are often the best payment method for money transfers from Nigeria to New Zealand.

A money transfer company like MoneyGram Agent offer bank transfers between Nigeria and New Zealand with lower fees and better exchange rates than you would get from a traditional bank.

On average, MoneyGram Agent is the cheapest provider for bank transfers of the 3 we tested when sending NGN to New Zealand.

Debit and prepaid cards

Sending money from Nigeria to New Zealand with a debit or a prepaid card is very simple with Western Union Agent.


Western Union Agent is a leader in debit card payments for transfers from Nigeria to New Zealand, competing among a total of 3 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both Nigeria and New Zealand to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Nigeria and New Zealand.

Some services have minimum or maximum thresholds on how much you can transfer from Nigeria to New Zealand.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Western Union Agent if you need to send large amounts of NGN to New Zealand. The combination of rates and fees when sending to New Zealand is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Nigeria, or entering New Zealand. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in New Zealand. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Nigeria to New Zealand will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Nigeria into New Zealand Dollar. Western Union Agent is the best company for bank transfers between Nigeria and New Zealand.

And if you need cash right away, check if cash pickup is an option for transfers between Nigeria and New Zealand.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like MoneyGram Agent.

When signing up to a money transfer company to send between Nigeria and New Zealand, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Nigeria this will be a government ID like a passport or driver's license. In New Zealand it will be a similar set of documents, although this should only be needed if you are opening a new account in New Zealand, or collecting in cash.

Big transactions between Nigeria and New Zealand, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Western Union Agent in part due to their easy sign up process in Nigeria.

When sending large amounts of money between Nigeria and New Zealand there will be tax implications to consider.

Some transfers into New Zealand Dollar may need to be reported to tax authorities in New Zealand, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in New Zealand based on age, income and a few other elements. When in doubt, please contact a tax professional in Nigeria or New Zealand to discuss your personal circumstances.