How to send money to Togo from Nigeria with the best NGN-XOF rate

The exchange rate determines the price you’ll pay for CFA Franc BCEAO when sending Naira to Togo.

The rate between the Naira and CFA Franc BCEAO is currently 0.4207. MoneyGram Agent offers the best exchange from NGN-XOF.

The total cost of sending money to Togo from Nigeria is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for NGN-XOF is 0.4207 XOF per Naira.

• Fees: When sending money there may be additional fees. MoneyGram Agent offers the lowest fee of the 3 providers tested, costing justs 14400 NGN per transfer.

• Amount Received: When comparing providers, the best measure is the amount of CFA Franc BCEAO eventually received in Togo.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in Togo, means a better overall cost of sending money from Nigeria.

Sending money via a bank transfer is the recommended option for sending money from Nigeria to Togo.

Here are the popular ways to send money from Nigeria to Togo:

Bank transfers

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

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


Debit and prepaid cards

Sending money from Nigeria to Togo 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 Togo, competing among a total of 3 active money transfer companies on this route.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Ensuring you fully understand regulations in Nigeria and Togo will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between Nigeria and Togo.

Some services between Nigeria and Togo have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Togo as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Togo, use Western Union Agent. The combination of rates and fees when sending from Nigeria to Togo 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 Togo. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive CFA Franc BCEAO in Togo. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Nigeria to Togo will offer every method for incoming CFA Franc BCEAO, so it’s best to check ahead of time.

One of the more common ways to transfer from Nigeria into CFA Franc BCEAO is directly into a bank account. Western Union Agent is the best company for bank transfers between Nigeria and Togo.

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

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 and sending Naira to Togo, through a money transfer company, you will have to verify your ID.

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

For the most part however, in Nigeria this will be a government issued ID such as a passport or driver's license. In Togo it will be similar, although this should only be needed if you are opening a new account in Togo, or collecting in cash. Sending to an existing bank account in Togo shouldn’t require any additional ID checks.

Large transactions between Nigeria and Togo, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Western Union Agent has scored so highly for transfers to Togo is their easy sign up process in Nigeria.

When sending large amounts of money between Nigeria and Togo there will potentially be a tax declaration to consider.

Some transfers into CFA Franc BCEAO may need to be reported to tax authorities in Togo, particularly where inheritance or property purchases are involved.

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