Best companies for NGN/PHP transfers
4 of 4 providers Last updated on 10 November 2026
Based on 360,000 NGN transfer Best companies for NGN/PHP transfers Sort Cheapest
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 = 0.0426 PHP +9.00% vs mid-market	Recipient gets ₱15,330.37 Minutes - 24 hours
0 reviews Cheapest
Ways to receive money in Philippines with Afriex when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 NGN = 0.0426 PHP ₱15,330.37You pay₦360,000.00
Send Money Between PayPal Accounts PayPal App (P2P Transfer) Pay via Bank transfer	Fee ₦14,400.00 1 NGN = 0.0440 PHP +6.00% vs mid-market	Recipient gets ₱15,202.34 Minutes
0 reviews Fastest
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 = 0.0440 PHP ₱15,202.34You pay₦360,000.00
Send cash via a MoneyGram agent MoneyGram Agent Pay via Bank transfer	Fee ₦14,400.00 1 NGN = 0.0440 PHP +6.00% vs mid-market	Recipient gets ₱15,202.34 Minutes - 3 days
0 reviews
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 = 0.0440 PHP ₱15,202.34You pay₦360,000.00
Send cash via a Western Union agent Western Union Agent Pay via Bank transfer	Fee ₦10,800.00 1 NGN = 0.0435 PHP +7.00% vs mid-market	Recipient gets ₱15,197.28 Minutes - 5 days
0 reviews Our top pick
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 = 0.0435 PHP ₱15,197.28You pay₦360,000.00
How Our Results Work Mid-market rate: 1 NGN = 0.0468 PHP Updates every 60 minutes.

Why compare

NGN/PHP exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Nigeria to Philippines

Pick a company

Start with the best service, which is Afriex at 15,330.37 PHP for a ₦360,000 transfer.

Afriex was the cheapest on 30 of the 30 days it quoted ₦360,000 transfers to the Philippines.

Most of the transfer apps you see advertised only bring money into Nigeria, but companies above can send it out.

Fund your transfer

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.

Verify and send

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.

Compare amounts

How much NGN are you sending to Philippines?

How much NGN you send to the 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.

Our analysis shows Afriex was the cheapest in 100% of all the transfers it quoted over the past month.


₦100,000	9.00%	₦0.00	₱4,254.16with bank transfer to bank deposit	+₱150.77
₦250,000	9.00%	₦0.00	₱10,631.76with bank transfer to bank deposit	+₱67.48
₦300,000	9.00%	₦0.00	₱12,766.57with bank transfer to bank deposit	+₱81.02
₦360,000This page	9.00%	₦0.00	₱15,330.37with bank transfer to bank deposit	+₱97.29

Mid-market rate: 1 NGN = 0.0468 PHP

NGN/PHP Exchange Rate History

Is today a good time to send money from Nigeria to Philippines?

The cheapest way to send NGN to PHP can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Afriex), across 30 days of comparisons for 360,000 NGN transfers to the Philippines.

PHP received for ₦360,000, after fees

Tue, 10 Nov 2026Mid-market rate₱16,846.56 Afriex ₱15,330.37Afriex₱15,330.37PayPal App (P2P Transfer)₱15,202.34MoneyGram Agent₱15,202.34

15,000

15,500

16,000

16,500

17,000

17,500

At the mid-market rateWith the cheapest optionAfriexPayPal App (P2P Transfer)MoneyGram Agent

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0472	–	₱16,988.04
Afriex Cheapest	0.0429	₦0.00	₱15,459.12	−₱1,528.92
PayPal App (P2P Transfer)	0.0444	₦14,400.00	₱15,330.01	−₱1,658.03
MoneyGram Agent	0.0444	₦14,400.00	₱15,330.01	−₱1,658.03

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0472	–	₱17,007.48
Afriex Cheapest	0.0430	₦0.00	₱15,476.81	−₱1,530.67
PayPal App (P2P Transfer)	0.0444	₦14,400.00	₱15,347.55	−₱1,659.93
MoneyGram Agent	0.0444	₦14,400.00	₱15,347.55	−₱1,659.93

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0472	–	₱17,006.04
Afriex Cheapest	0.0430	₦0.00	₱15,475.50	−₱1,530.54
PayPal App (P2P Transfer)	0.0444	₦14,400.00	₱15,346.25	−₱1,659.79
MoneyGram Agent	0.0444	₦14,400.00	₱15,346.25	−₱1,659.79

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0474	–	₱17,073.36
Afriex Cheapest	0.0432	₦0.00	₱15,536.76	−₱1,536.60
PayPal App (P2P Transfer)	0.0446	₦14,400.00	₱15,407.00	−₱1,666.36
MoneyGram Agent	0.0446	₦14,400.00	₱15,407.00	−₱1,666.36

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0473	–	₱17,040.96
Afriex Cheapest	0.0431	₦0.00	₱15,507.27	−₱1,533.69
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,377.76	−₱1,663.20
MoneyGram Agent	0.0445	₦14,400.00	₱15,377.76	−₱1,663.20

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0473	–	₱17,033.40
Afriex Cheapest	0.0431	₦0.00	₱15,500.39	−₱1,533.01
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,370.94	−₱1,662.46
MoneyGram Agent	0.0445	₦14,400.00	₱15,370.94	−₱1,662.46

Sun, 18 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0473	–	₱17,033.40
Afriex Cheapest	0.0431	₦0.00	₱15,500.39	−₱1,533.01
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,370.94	−₱1,662.46
MoneyGram Agent	0.0445	₦14,400.00	₱15,370.94	−₱1,662.46

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0473	–	₱17,029.44
Afriex Cheapest	0.0430	₦0.00	₱15,496.79	−₱1,532.65
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,367.37	−₱1,662.07
MoneyGram Agent	0.0445	₦14,400.00	₱15,367.37	−₱1,662.07

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0476	–	₱17,124.84
Afriex Cheapest	0.0433	₦0.00	₱15,583.60	−₱1,541.24
PayPal App (P2P Transfer)	0.0447	₦14,400.00	₱15,453.46	−₱1,671.38
MoneyGram Agent	0.0447	₦14,400.00	₱15,453.46	−₱1,671.38

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0476	–	₱17,131.68
Afriex Cheapest	0.0433	₦0.00	₱15,589.83	−₱1,541.85
PayPal App (P2P Transfer)	0.0447	₦14,400.00	₱15,459.63	−₱1,672.05
MoneyGram Agent	0.0447	₦14,400.00	₱15,459.63	−₱1,672.05

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0477	–	₱17,154.72
Afriex Cheapest	0.0434	₦0.00	₱15,610.80	−₱1,543.92
PayPal App (P2P Transfer)	0.0448	₦14,400.00	₱15,480.42	−₱1,674.30
MoneyGram Agent	0.0448	₦14,400.00	₱15,480.42	−₱1,674.30

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0477	–	₱17,157.24
Afriex Cheapest	0.0434	₦0.00	₱15,613.09	−₱1,544.15
PayPal App (P2P Transfer)	0.0448	₦14,400.00	₱15,482.69	−₱1,674.55
MoneyGram Agent	0.0448	₦14,400.00	₱15,482.69	−₱1,674.55

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0478	–	₱17,193.24
Afriex Cheapest	0.0435	₦0.00	₱15,645.85	−₱1,547.39
PayPal App (P2P Transfer)	0.0449	₦14,400.00	₱15,515.18	−₱1,678.06
MoneyGram Agent	0.0449	₦14,400.00	₱15,515.18	−₱1,678.06

Sun, 25 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0478	–	₱17,193.24
Afriex Cheapest	0.0435	₦0.00	₱15,645.85	−₱1,547.39
PayPal App (P2P Transfer)	0.0449	₦14,400.00	₱15,515.18	−₱1,678.06
MoneyGram Agent	0.0449	₦14,400.00	₱15,515.18	−₱1,678.06

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0475	–	₱17,083.44
Afriex Cheapest	0.0432	₦0.00	₱15,545.93	−₱1,537.51
PayPal App (P2P Transfer)	0.0446	₦14,400.00	₱15,416.10	−₱1,667.34
MoneyGram Agent	0.0446	₦14,400.00	₱15,416.10	−₱1,667.34

Tue, 27 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0478	–	₱17,200.80
Afriex Cheapest	0.0435	₦0.00	₱15,652.73	−₱1,548.07
PayPal App (P2P Transfer)	0.0449	₦14,400.00	₱15,522.00	−₱1,678.80
MoneyGram Agent	0.0449	₦14,400.00	₱15,522.00	−₱1,678.80

Wed, 28 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0476	–	₱17,149.68
Afriex Cheapest	0.0434	₦0.00	₱15,606.21	−₱1,543.47
PayPal App (P2P Transfer)	0.0448	₦14,400.00	₱15,475.87	−₱1,673.81
MoneyGram Agent	0.0448	₦14,400.00	₱15,475.87	−₱1,673.81

Thu, 29 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0474	–	₱17,075.16
Afriex Cheapest	0.0432	₦0.00	₱15,538.40	−₱1,536.76
PayPal App (P2P Transfer)	0.0446	₦14,400.00	₱15,408.62	−₱1,666.54
MoneyGram Agent	0.0446	₦14,400.00	₱15,408.62	−₱1,666.54

Fri, 30 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0473	–	₱17,028.72
Afriex Cheapest	0.0430	₦0.00	₱15,496.14	−₱1,532.58
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,366.72	−₱1,662.00
MoneyGram Agent	0.0445	₦14,400.00	₱15,366.72	−₱1,662.00

Sat, 31 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0474	–	₱17,048.52
Afriex Cheapest	0.0431	₦0.00	₱15,514.15	−₱1,534.37
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,384.58	−₱1,663.94
MoneyGram Agent	0.0445	₦14,400.00	₱15,384.58	−₱1,663.94

Sun, 1 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0474	–	₱17,048.52
Afriex Cheapest	0.0431	₦0.00	₱15,514.15	−₱1,534.37
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,384.58	−₱1,663.94
MoneyGram Agent	0.0445	₦14,400.00	₱15,384.58	−₱1,663.94

Mon, 2 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0473	–	₱17,029.80
Afriex Cheapest	0.0430	₦0.00	₱15,497.12	−₱1,532.68
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,367.69	−₱1,662.11
MoneyGram Agent	0.0445	₦14,400.00	₱15,367.69	−₱1,662.11

Tue, 3 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0473	–	₱17,041.32
Afriex Cheapest	0.0431	₦0.00	₱15,507.60	−₱1,533.72
PayPal App (P2P Transfer)	0.0445	₦14,400.00	₱15,378.09	−₱1,663.23
MoneyGram Agent	0.0445	₦14,400.00	₱15,378.09	−₱1,663.23

Wed, 4 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0472	–	₱17,006.04
Afriex Cheapest	0.0430	₦0.00	₱15,475.50	−₱1,530.54
PayPal App (P2P Transfer)	0.0444	₦14,400.00	₱15,346.25	−₱1,659.79
MoneyGram Agent	0.0444	₦14,400.00	₱15,346.25	−₱1,659.79

Thu, 5 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0469	–	₱16,877.16
Afriex Cheapest	0.0427	₦0.00	₱15,358.22	−₱1,518.94
PayPal App (P2P Transfer)	0.0441	₦14,400.00	₱15,229.95	−₱1,647.21
MoneyGram Agent	0.0441	₦14,400.00	₱15,229.95	−₱1,647.21

Fri, 6 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0469	–	₱16,884.00
Afriex Cheapest	0.0427	₦0.00	₱15,364.44	−₱1,519.56
PayPal App (P2P Transfer)	0.0441	₦14,400.00	₱15,236.12	−₱1,647.88
MoneyGram Agent	0.0441	₦14,400.00	₱15,236.12	−₱1,647.88

Sat, 7 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0468	–	₱16,863.48
Afriex Cheapest	0.0426	₦0.00	₱15,345.77	−₱1,517.71
PayPal App (P2P Transfer)	0.0440	₦14,400.00	₱15,217.60	−₱1,645.88
MoneyGram Agent	0.0440	₦14,400.00	₱15,217.60	−₱1,645.88

Sun, 8 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0468	–	₱16,863.48
Afriex Cheapest	0.0426	₦0.00	₱15,345.77	−₱1,517.71
PayPal App (P2P Transfer)	0.0440	₦14,400.00	₱15,217.60	−₱1,645.88
MoneyGram Agent	0.0440	₦14,400.00	₱15,217.60	−₱1,645.88

Mon, 9 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0469	–	₱16,880.04
Afriex Cheapest	0.0427	₦0.00	₱15,360.84	−₱1,519.20
PayPal App (P2P Transfer)	0.0441	₦14,400.00	₱15,232.55	−₱1,647.49
MoneyGram Agent	0.0441	₦14,400.00	₱15,232.55	−₱1,647.49

Tue, 10 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0468	–	₱16,846.56
Afriex Cheapest	0.0426	₦0.00	₱15,330.37	−₱1,516.19
PayPal App (P2P Transfer)	0.0440	₦14,400.00	₱15,202.34	−₱1,644.22
MoneyGram Agent	0.0440	₦14,400.00	₱15,202.34	−₱1,644.22

	Exchange rate	Fee	Recipient gets	Difference

Each line shows what the recipient gets when you send ₦360,000, after fees, as quoted by each company. The mid-market line shows what ₦360,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more PHP per NGN than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of PHP on every transfer from Nigeria.

Right now, Afriex pays 15,330.37 PHP on 360,000 NGN, which is 1,516.19 PHP less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 15,652.73 PHP.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to the Philippines.

We've tracked 235 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.

AfriexAppeared in 116 comparisons
Cheapest every time
PayPal App (P2P Transfer)Appeared in 116 comparisons
Never the cheapest
MoneyGram AgentAppeared in 116 comparisons
Never the cheapest

Based on 235 comparisons across 8 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Afriex is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Ways to send money from Nigeria to Philippines

There are 4 money transfer services sending NGN to the Philippines.

Cheapest way to send NGN

Apps and online transfers

You can send NGN to the Philippines online or through the app.

The cheapest way is Afriex, it will get you 15,330.37 PHP for ₦360,000.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

To get the most out of your transfer, deposit with a bank transfer and receive with a bank deposit.

Ways to fund NGN and receive PHP in Philippines

With Afriex, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending ₦360,000 gives your recipient 15,330.37 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 the 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 the Philippines.

1

Bank transfer Bank deposit

You pay ₦360,000.00

₱15,330

Cheapest

Things to know before sending NGN to Philippines

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.

Compare the available NGN/PHP options

There are 4 companies available for a ₦360,000 transfer to the Philippines, so the shortlist is smaller than it is for money coming into Nigeria.

Cheapest way to send money to the Philippines

The cheapest option is Afriex, funded by bank transfer with bank deposit for the payout. Your recipient gets 15,330.37 PHP, which is 0.84% more than the next best option.

Fastest way to send money to the Philippines

The fastest option is PayPal App (P2P Transfer). Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 15,202.34 PHP in minutes.

NIP stops at the Nigerian border

NIP can move NGN from your bank to the transfer company within Nigeria, but it does not send the money to the 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.

Check the CBN licence

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.

How we analyse the market

Only companies licensed to send money out of Nigeria make this table, which rules out most of the apps you'll see advertised.

In the past 30 days alone, we analysed 235 comparisons across 8 amounts.

This page covers the cheapest and fastest options for NGN/PHP transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

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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How to send money to the Philippines from Nigeria with the best NGN-PHP rate

Best companies for NGN/PHP transfers