Afriex is the overall cheapest way to send money from Nigeria out of the 4 options available. It will get you 645,626.55 TZS from a 360,000 NGN transfer.
In Tanzania, 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 October 2026 | |||
| Based on 360,000 NGN transfer Best companies for NGN/TZS transfers | |||
Run a live search Showing top Nigeria to Tanzania 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 TZS rates. | |||
Run a live search These companies offer multi-currency accounts for spending TZS. We suggest doing a live search based on how much NGN you're planning to spend in Tanzania. | |||
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 = 1.7934 TZS +9.00% vs mid-market | Recipient gets TZS 645,626.55 Minutes - 24 hours | |
Ways to receive money in Tanzania with Afriex when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 NGN = 1.7934 TZS TZS 645,626.55You pay₦360,000.00 | |||
| Send Money Between PayPal Accounts  PayPal App (P2P Transfer) Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 1.8525 TZS +6.00% vs mid-market | Recipient gets TZS 640,234.50 Minutes | |
Ways to receive money in Tanzania with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₦14,400.001 NGN = 1.8525 TZS TZS 640,234.50You pay₦360,000.00 | |||
| Send cash via a MoneyGram agent  MoneyGram Agent Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 1.8525 TZS +6.00% vs mid-market | Recipient gets TZS 640,234.50 Minutes - 3 days | |
Ways to receive money in Tanzania with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days ₦14,400.001 NGN = 1.8525 TZS TZS 640,234.50You pay₦360,000.00 | |||
| Send cash via a Western Union agent  Western Union Agent Pay via Bank transfer | Fee ₦10,800.00 1 NGN = 1.8328 TZS +7.00% vs mid-market | Recipient gets TZS 640,021.66 Minutes - 5 days | |
Ways to receive money in Tanzania with Western Union Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days ₦10,800.001 NGN = 1.8328 TZS TZS 640,021.66You pay₦360,000.00 | |||
| How Our Results Work Mid-market rate: 1 NGN = 1.9708 TZS Updates every 60 minutes. | |||
Transfer details
Start with the best service, which is Afriex at 645,626.55 TZS for a ₦360,000 transfer.
Afriex was the cheapest on 17 of the 30 days it quoted ₦360,000 transfers to Tanzania.
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 Tanzania 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 48% of all the transfers it quoted over the past month.
| Cheapest service | |||||
|---|---|---|---|---|---|
| ₦100,000 | 6.39% | ₦2,109.08 | TZS 184,914.50with bank transfer to bank deposit | +TZS 9,518.99 | |
| ₦250,000 | 9.00% | ₦0.00 | TZS 448,431.62with bank transfer to bank deposit | +TZS 2,845.81 | |
| ₦300,000 | 9.00% | ₦0.00 | TZS 538,022.12with bank transfer to bank deposit | +TZS 3,414.37 | |
| ₦360,000This page | 9.00% | ₦0.00 | TZS 645,626.55with bank transfer to bank deposit | +TZS 4,097.25 | |
| ₦5,000,000 | 6.39% | ₦2,109.08 | TZS 9,245,725.00with bank transfer to bank deposit | TZS 0.00 | |
| ₦10,000,000 | 6.39% | ₦2,109.08 | TZS 18,491,450.00with bank transfer to bank deposit | TZS 0.00 | |
| ₦25,000,000 | 6.39% | ₦2,109.08 | TZS 46,228,625.00with bank transfer to bank deposit | TZS 0.00 |
Mid-market rate: 1 NGN = 1.9708 TZS
The cheapest way to send NGN to TZS 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 Tanzania.
Wed, 28 Oct 2026Mid-market rateTZS 709,479.72 Afriex TZS 645,626.55AfriexTZS 645,626.55PayPal App (P2P Transfer)TZS 640,234.50MoneyGram AgentTZS 640,234.50
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9932 | – | TZS 717,566.40 | |
| | 1.8138 | ₦0.00 | TZS 652,985.42 | −TZS 64,580.98 |
| PayPal App (P2P Transfer) | 1.8736 | ₦14,400.00 | TZS 647,531.92 | −TZS 70,034.48 |
| MoneyGram Agent | 1.8736 | ₦14,400.00 | TZS 647,531.92 | −TZS 70,034.48 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9985 | – | TZS 719,457.12 | |
| | 1.8186 | ₦0.00 | TZS 654,705.98 | −TZS 64,751.14 |
| PayPal App (P2P Transfer) | 1.8786 | ₦14,400.00 | TZS 649,238.11 | −TZS 70,219.01 |
| MoneyGram Agent | 1.8786 | ₦14,400.00 | TZS 649,238.11 | −TZS 70,219.01 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9884 | – | TZS 715,836.24 | |
| | 1.8095 | ₦0.00 | TZS 651,410.98 | −TZS 64,425.26 |
| PayPal App (P2P Transfer) | 1.8691 | ₦14,400.00 | TZS 645,970.62 | −TZS 69,865.62 |
| MoneyGram Agent | 1.8691 | ₦14,400.00 | TZS 645,970.62 | −TZS 69,865.62 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9831 | – | TZS 713,926.44 | |
| | 1.8046 | ₦0.00 | TZS 649,673.06 | −TZS 64,253.38 |
| PayPal App (P2P Transfer) | 1.8641 | ₦14,400.00 | TZS 644,247.22 | −TZS 69,679.22 |
| MoneyGram Agent | 1.8641 | ₦14,400.00 | TZS 644,247.22 | −TZS 69,679.22 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9800 | – | TZS 712,810.44 | |
| | 1.8018 | ₦0.00 | TZS 648,657.50 | −TZS 64,152.94 |
| PayPal App (P2P Transfer) | 1.8612 | ₦14,400.00 | TZS 643,240.14 | −TZS 69,570.30 |
| MoneyGram Agent | 1.8612 | ₦14,400.00 | TZS 643,240.14 | −TZS 69,570.30 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9757 | – | TZS 711,253.08 | |
| | 1.7979 | ₦0.00 | TZS 647,240.30 | −TZS 64,012.78 |
| PayPal App (P2P Transfer) | 1.8572 | ₦14,400.00 | TZS 641,834.78 | −TZS 69,418.30 |
| MoneyGram Agent | 1.8572 | ₦14,400.00 | TZS 641,834.78 | −TZS 69,418.30 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9866 | – | TZS 715,186.44 | |
| | 1.8078 | ₦0.00 | TZS 650,819.66 | −TZS 64,366.78 |
| PayPal App (P2P Transfer) | 1.8674 | ₦14,400.00 | TZS 645,384.24 | −TZS 69,802.20 |
| MoneyGram Agent | 1.8674 | ₦14,400.00 | TZS 645,384.24 | −TZS 69,802.20 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9967 | – | TZS 718,819.20 | |
 | 1.8671 | ₦2,088.84 | TZS 672,142.32 | −TZS 46,676.88 |
| | 1.8170 | ₦0.00 | TZS 654,125.47 | −TZS 64,693.73 |
| PayPal App (P2P Transfer) | 1.8769 | ₦14,400.00 | TZS 648,662.45 | −TZS 70,156.75 |
| MoneyGram Agent | 1.8769 | ₦14,400.00 | TZS 648,662.45 | −TZS 70,156.75 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 2.0000 | – | TZS 719,983.44 | |
| | 1.8684 | ₦2,087.31 | TZS 672,634.80 | −TZS 47,348.64 |
| | 1.8200 | ₦0.00 | TZS 655,184.93 | −TZS 64,798.51 |
| PayPal App (P2P Transfer) | 1.8800 | ₦14,400.00 | TZS 649,713.06 | −TZS 70,270.38 |
| MoneyGram Agent | 1.8800 | ₦14,400.00 | TZS 649,713.06 | −TZS 70,270.38 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9889 | – | TZS 715,994.64 | |
| | 1.8099 | ₦0.00 | TZS 651,555.12 | −TZS 64,439.52 |
| PayPal App (P2P Transfer) | 1.8695 | ₦14,400.00 | TZS 646,113.56 | −TZS 69,881.08 |
| MoneyGram Agent | 1.8695 | ₦14,400.00 | TZS 646,113.56 | −TZS 69,881.08 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9897 | – | TZS 716,294.88 | |
| | 1.8669 | ₦2,088.99 | TZS 672,095.52 | −TZS 44,199.36 |
| | 1.8106 | ₦0.00 | TZS 651,828.34 | −TZS 64,466.54 |
| PayPal App (P2P Transfer) | 1.8703 | ₦14,400.00 | TZS 646,384.50 | −TZS 69,910.38 |
| MoneyGram Agent | 1.8703 | ₦14,400.00 | TZS 646,384.50 | −TZS 69,910.38 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9867 | – | TZS 715,201.20 | |
| | 1.8697 | ₦2,085.92 | TZS 673,083.00 | −TZS 42,118.20 |
| | 1.8079 | ₦0.00 | TZS 650,833.09 | −TZS 64,368.11 |
| PayPal App (P2P Transfer) | 1.8675 | ₦14,400.00 | TZS 645,397.56 | −TZS 69,803.64 |
| MoneyGram Agent | 1.8675 | ₦14,400.00 | TZS 645,397.56 | −TZS 69,803.64 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9867 | – | TZS 715,201.20 | |
| | 1.8656 | ₦2,090.52 | TZS 671,602.68 | −TZS 43,598.52 |
| | 1.8079 | ₦0.00 | TZS 650,833.09 | −TZS 64,368.11 |
| PayPal App (P2P Transfer) | 1.8675 | ₦14,400.00 | TZS 645,397.56 | −TZS 69,803.64 |
| MoneyGram Agent | 1.8675 | ₦14,400.00 | TZS 645,397.56 | −TZS 69,803.64 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9851 | – | TZS 714,646.80 | |
| | 1.8065 | ₦0.00 | TZS 650,328.59 | −TZS 64,318.21 |
| PayPal App (P2P Transfer) | 1.8660 | ₦14,400.00 | TZS 644,897.27 | −TZS 69,749.53 |
| MoneyGram Agent | 1.8660 | ₦14,400.00 | TZS 644,897.27 | −TZS 69,749.53 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9872 | – | TZS 715,392.72 | |
| | 1.8084 | ₦0.00 | TZS 651,007.38 | −TZS 64,385.34 |
| PayPal App (P2P Transfer) | 1.8680 | ₦14,400.00 | TZS 645,570.39 | −TZS 69,822.33 |
| MoneyGram Agent | 1.8680 | ₦14,400.00 | TZS 645,570.39 | −TZS 69,822.33 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9778 | – | TZS 712,009.08 | |
| | 1.8589 | ₦2,097.97 | TZS 669,219.48 | −TZS 42,789.60 |
| | 1.7998 | ₦0.00 | TZS 647,928.26 | −TZS 64,080.82 |
| PayPal App (P2P Transfer) | 1.8591 | ₦14,400.00 | TZS 642,516.99 | −TZS 69,492.09 |
| MoneyGram Agent | 1.8591 | ₦14,400.00 | TZS 642,516.99 | −TZS 69,492.09 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9817 | – | TZS 713,408.40 | |
| | 1.8691 | ₦2,086.56 | TZS 672,879.24 | −TZS 40,529.16 |
| | 1.8033 | ₦0.00 | TZS 649,201.64 | −TZS 64,206.76 |
| PayPal App (P2P Transfer) | 1.8628 | ₦14,400.00 | TZS 643,779.74 | −TZS 69,628.66 |
| MoneyGram Agent | 1.8628 | ₦14,400.00 | TZS 643,779.74 | −TZS 69,628.66 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9826 | – | TZS 713,731.32 | |
| | 1.8042 | ₦0.00 | TZS 649,495.50 | −TZS 64,235.82 |
| PayPal App (P2P Transfer) | 1.8636 | ₦14,400.00 | TZS 644,071.14 | −TZS 69,660.18 |
| MoneyGram Agent | 1.8636 | ₦14,400.00 | TZS 644,071.14 | −TZS 69,660.18 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9880 | – | TZS 715,679.28 | |
| | 1.8091 | ₦0.00 | TZS 651,268.14 | −TZS 64,411.14 |
| PayPal App (P2P Transfer) | 1.8687 | ₦14,400.00 | TZS 645,828.98 | −TZS 69,850.30 |
| MoneyGram Agent | 1.8687 | ₦14,400.00 | TZS 645,828.98 | −TZS 69,850.30 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9880 | – | TZS 715,679.28 | |
| | 1.8091 | ₦0.00 | TZS 651,268.14 | −TZS 64,411.14 |
| PayPal App (P2P Transfer) | 1.8687 | ₦14,400.00 | TZS 645,828.98 | −TZS 69,850.30 |
| MoneyGram Agent | 1.8687 | ₦14,400.00 | TZS 645,828.98 | −TZS 69,850.30 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9819 | – | TZS 713,493.36 | |
| | 1.8036 | ₦0.00 | TZS 649,278.96 | −TZS 64,214.40 |
| PayPal App (P2P Transfer) | 1.8630 | ₦14,400.00 | TZS 643,856.41 | −TZS 69,636.95 |
| MoneyGram Agent | 1.8630 | ₦14,400.00 | TZS 643,856.41 | −TZS 69,636.95 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9942 | – | TZS 717,917.76 | |
| | 1.8712 | ₦2,084.19 | TZS 673,644.60 | −TZS 44,273.16 |
| | 1.8147 | ₦0.00 | TZS 653,305.16 | −TZS 64,612.60 |
| PayPal App (P2P Transfer) | 1.8746 | ₦14,400.00 | TZS 647,848.99 | −TZS 70,068.77 |
| MoneyGram Agent | 1.8746 | ₦14,400.00 | TZS 647,848.99 | −TZS 70,068.77 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9875 | – | TZS 715,512.24 | |
| | 1.8087 | ₦0.00 | TZS 651,116.14 | −TZS 64,396.10 |
| PayPal App (P2P Transfer) | 1.8683 | ₦14,400.00 | TZS 645,678.25 | −TZS 69,833.99 |
| MoneyGram Agent | 1.8683 | ₦14,400.00 | TZS 645,678.25 | −TZS 69,833.99 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9854 | – | TZS 714,730.68 | |
| | 1.8775 | ₦2,077.19 | TZS 675,911.52 | −TZS 38,819.16 |
| | 1.8067 | ₦0.00 | TZS 650,404.92 | −TZS 64,325.76 |
| PayPal App (P2P Transfer) | 1.8662 | ₦14,400.00 | TZS 644,972.97 | −TZS 69,757.71 |
| MoneyGram Agent | 1.8662 | ₦14,400.00 | TZS 644,972.97 | −TZS 69,757.71 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9871 | – | TZS 715,372.20 | |
| | 1.8728 | ₦2,082.46 | TZS 674,202.96 | −TZS 41,169.24 |
| | 1.8083 | ₦0.00 | TZS 650,988.70 | −TZS 64,383.50 |
| PayPal App (P2P Transfer) | 1.8679 | ₦14,400.00 | TZS 645,551.87 | −TZS 69,820.33 |
| MoneyGram Agent | 1.8679 | ₦14,400.00 | TZS 645,551.87 | −TZS 69,820.33 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9861 | – | TZS 714,995.28 | |
| | 1.8418 | ₦2,117.50 | TZS 663,047.28 | −TZS 51,948.00 |
| | 1.8073 | ₦0.00 | TZS 650,645.70 | −TZS 64,349.58 |
| PayPal App (P2P Transfer) | 1.8669 | ₦14,400.00 | TZS 645,211.74 | −TZS 69,783.54 |
| MoneyGram Agent | 1.8669 | ₦14,400.00 | TZS 645,211.74 | −TZS 69,783.54 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9861 | – | TZS 714,995.28 | |
| | 1.8498 | ₦2,108.36 | TZS 665,921.88 | −TZS 49,073.40 |
| | 1.8073 | ₦0.00 | TZS 650,645.70 | −TZS 64,349.58 |
| PayPal App (P2P Transfer) | 1.8669 | ₦14,400.00 | TZS 645,211.74 | −TZS 69,783.54 |
| MoneyGram Agent | 1.8669 | ₦14,400.00 | TZS 645,211.74 | −TZS 69,783.54 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9644 | – | TZS 707,172.48 | |
| | 1.8551 | ₦2,102.26 | TZS 667,851.84 | −TZS 39,320.64 |
| | 1.7876 | ₦0.00 | TZS 643,526.96 | −TZS 63,645.52 |
| PayPal App (P2P Transfer) | 1.8465 | ₦14,400.00 | TZS 638,152.45 | −TZS 69,020.03 |
| MoneyGram Agent | 1.8465 | ₦14,400.00 | TZS 638,152.45 | −TZS 69,020.03 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9740 | – | TZS 710,634.24 | |
| | 1.7963 | ₦0.00 | TZS 646,677.16 | −TZS 63,957.08 |
| PayPal App (P2P Transfer) | 1.8555 | ₦14,400.00 | TZS 641,276.34 | −TZS 69,357.90 |
| MoneyGram Agent | 1.8555 | ₦14,400.00 | TZS 641,276.34 | −TZS 69,357.90 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.9708 | – | TZS 709,479.72 | |
| | 1.7934 | ₦0.00 | TZS 645,626.55 | −TZS 63,853.17 |
| PayPal App (P2P Transfer) | 1.8525 | ₦14,400.00 | TZS 640,234.50 | −TZS 69,245.22 |
| MoneyGram Agent | 1.8525 | ₦14,400.00 | TZS 640,234.50 | −TZS 69,245.22 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1.9708 | – | TZS 709,479.72 | |
|---|---|---|---|---|
| | ||||
| PayPal App (P2P Transfer) | ||||
| MoneyGram Agent | ||||
| |
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 TZS 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 TZS on every transfer from Nigeria.
Right now, Afriex pays 645,626.55 TZS on 360,000 NGN, which is 63,853.17 TZS less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 675,911.52 TZS.
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.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Tanzania.
We've tracked 170 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.
Cheapest in 39% of them
Never the cheapest
Never the cheapest
Based on 56 comparisons across 8 amounts over the last 7 days.
Cheapest in 48% of them
Never the cheapest
Never the cheapest
Based on 170 comparisons across 8 amounts over the last 30 days.
Cheapest in 70% of them
Never the cheapest
Never the cheapest
Based on 295 comparisons across 8 amounts over the last 90 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 and gets you the most TZS, but it was the cheapest in only 48% of the 91 comparisons it appeared in over the past month.
PayPal App (P2P Transfer) (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Tanzania.
If it's a one-off transfer, go with Afriex, since it's the cheapest right now.
There are 4 money transfer services sending NGN to Tanzania.
Cheapest way to send NGN
You can send NGN to Tanzania online or through the app.
The cheapest way is Afriex, it will get you 645,626.55 TZS for ₦360,000.
In our comparisons over the past month, it was the cheapest online service on 17 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.
With Afriex, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending ₦360,000 gives your recipient 645,626.55 TZS.
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 Tanzania over internal network.
They can receive TZS using bank deposit.
To receive money as bank deposit (straight to their bank account), enter their bank and account details in Tanzania.
You pay ₦360,000.00
TSh645,627
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 Tanzania, so the shortlist is smaller than it is for money coming into Nigeria.
Cheapest way to send money to Tanzania
The cheapest option is Afriex, funded by bank transfer with bank deposit for the payout. Your recipient gets 645,626.55 TZS, which is 0.84% more than the next best option.
Fastest way to send money to Tanzania
The fastest option is PayPal App (P2P Transfer). Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 640,234.5 TZS in minutes.
NIP can move NGN from your bank to the transfer company within Nigeria, but it does not send the money to Tanzania.
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.
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 170 comparisons across 8 amounts.
This page covers the cheapest and fastest options for NGN/TZS 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 TZS, 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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