Afriex is the overall cheapest way to send money from Nigeria of the 4 options available. It will get you 15,420.79 PHP from 360,000 NGN transfer.
In Philippines, you can withdraw money using bank deposit.
Use our filters below to find the best transfer option for your needs.
| 4 of 4 providers Last updated on 28 September 2026 | |||
| Based on 360,000 NGN transfer Best companies for NGN/PHP transfers | |||
Run a live search Showing top Nigeria to Philippines 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 PHP rates. | |||
Run a live search These companies offer multi-currency accounts for spending PHP. We suggest doing a live search based on how much NGN you're planning to spend in Philippines. | |||
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. | |||
 Afriex Pay via Bank transfer | Fee ₦0.00 1 NGN = 0.0428 PHP +9.00% vs mid-market | Recipient gets ₱15,420.79 Minutes - 24 hours | |
Ways to receive money in Philippines with Afriex when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 NGN = 0.0428 PHP ₱15,420.79You pay₦360,000.00 | |||
| Send Money Between PayPal Accounts  PayPal App (P2P Transfer) Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 0.0442 PHP +6.00% vs mid-market | Recipient gets ₱15,292.00 Minutes | |
Ways to receive money in Philippines with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₦14,400.001 NGN = 0.0442 PHP ₱15,292.00You pay₦360,000.00 | |||
| Send cash via a MoneyGram agent  MoneyGram Agent Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 0.0442 PHP +6.00% vs mid-market | Recipient gets ₱15,292.00 Minutes - 3 days | |
Ways to receive money in Philippines with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days ₦14,400.001 NGN = 0.0442 PHP ₱15,292.00You pay₦360,000.00 | |||
| Send cash via a Western Union agent  Western Union Agent Pay via Bank transfer | Fee ₦10,800.00 1 NGN = 0.0438 PHP +7.00% vs mid-market | Recipient gets ₱15,286.91 Minutes - 5 days | |
Ways to receive money in Philippines with Western Union Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days ₦10,800.001 NGN = 0.0438 PHP ₱15,286.91You pay₦360,000.00 | |||
| How Our Results Work Mid-market rate: 1 NGN = 0.0471 PHP Updates every 60 minutes. | |||
Transfer details
Start with the best service, which is Afriex at 15,420.79 PHP 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.
How much NGN you send to Philippines 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.
| Cheapest service | |||||
|---|---|---|---|---|---|
| ₦300,000 | 9.00% | ₦0.00 | ₱12,852.57with bank transfer to bank deposit | +₱81.57 | |
| ₦360,000This page | 9.00% | ₦0.00 | ₱15,420.79with bank transfer to bank deposit | +₱97.87 |
Mid-market rate: 1 NGN = 0.0471 PHP
There are 4 money transfer services sending NGN to Philippines.
Cheapest way to send NGN
You can send NGN to the Philippines online or through the app.
The cheapest way is Afriex, it will get you 15,420.79 PHP for ₦360,000.
To get the most out of your transfer, deposit with a bank transfer and receive with a bank deposit.
With Afriex, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending ₦360,000 gives your recipient 15,420.79 PHP.
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 Philippines over internal network.
They can receive PHP using bank deposit.
To receive money as bank deposit (straight to their bank account), enter their bank and account details in Philippines.
You pay ₦360,000.00
₱15,421
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 4 companies available for a ₦360,000 transfer to Philippines, so the shortlist is smaller than it is for money coming into Nigeria.
Cheapest way to send money to Philippines
The cheapest option is Afriex, funded by bank transfer with bank deposit for the payout. Your recipient gets 15,420.79 PHP, which is 0.84% more than the next best option.
Fastest way to send money to Philippines
The fastest option is PayPal App (P2P Transfer). Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 15,292 PHP in minutes.
NIP can move NGN from your bank to the transfer company within Nigeria, but it does not send the money to Philippines.
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/PHP rate affects the final amount received in Philippines, so compare the current quote with its recent range.
Mid-market rate:1 NGN = 0.047048 PHP
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 4 of them on NGN to PHP, 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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