MoneyTransfers

How to send money to Nigeria from Saudi Arabia with the best SAR-NGN rate

Of the 3 companies we compared, PayPal App (P2P Transfer) is the cheapest for sending SAR to Nigeria, while PayPal App (P2P Transfer) is the fastest. Sending SAR 1,000 with PayPal App (P2P Transfer) gets your recipient 323,126.66 NGN.

To get the most NGN, deposit money with bank transfer, and withdraw via bank deposit.

Best companies for SAR/NGN transfers

3 of 3 providers

Last updated on 10 November 2026

Based on 1,000 SAR transfer

Best companies for SAR/NGN transfers

Sort Cheapest

Run a live search

Showing top Saudi Arabia to Nigeria deals for 1,000 SAR. Do a live search with your exact amount for today's best rates.
Send Money Between PayPal Accounts

PayPal App (P2P Transfer)

Pay via Bank transfer
Fee SAR 40.00 1 SAR = 336.5903 NGN +6.00% vs mid-market Recipient gets ₦323,126.66 Minutes
0 reviews
Fastest

Ways to receive money in Nigeria with PayPal App (P2P Transfer) when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes
SAR 40.001 SAR = 336.5903 NGN
₦323,126.66You paySAR 1,000.00
Send cash via a MoneyGram agent

MoneyGram Agent

Pay via Bank transfer
Fee SAR 40.00 1 SAR = 336.5903 NGN +6.00% vs mid-market Recipient gets ₦323,126.66 Minutes - 3 days
0 reviews
Cheapest

Ways to receive money in Nigeria with MoneyGram Agent when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 3 days
SAR 40.001 SAR = 336.5903 NGN
₦323,126.66You paySAR 1,000.00
Send cash via a Western Union agent

Western Union Agent

Pay via Bank transfer
Fee SAR 30.00 1 SAR = 333.0095 NGN +7.00% vs mid-market Recipient gets ₦323,019.24 Minutes - 5 days
0 reviews
Our top pick

Ways to receive money in Nigeria with Western Union Agent when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 5 days
SAR 30.001 SAR = 333.0095 NGN
₦323,019.24You paySAR 1,000.00
How Our Results Work
Mid-market rate: 1 SAR = 358.0748 NGN Updates every 60 minutes.

How to send money from Saudi Arabia to Nigeria

Pick a company

For a one-off SAR transfer to Nigeria, I suggest picking the cheapest option which is PayPal App (P2P Transfer).

PayPal App (P2P Transfer) was the cheapest on 30 of the 30 days it quoted SAR1,000 transfers to Nigeria.

On a 1,000 SAR transfer, PayPal App (P2P Transfer) delivers the most NGN.

The best option will change depending on how much you actually send, so I suggest to get the best SAR/NGN rate.

Fund your transfer

You have 1 methods to fund your transfer: bank transfer.

Some other transfer services may accept mada-funded payments, but double check when signing up.

Verify and send

When registering with a new company, you will need to verify your account.

You'll need your Iqama to register and to send.

Compare amounts

How much SAR are you sending to Nigeria?

How much SAR you send to Nigeria 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 PayPal App (P2P Transfer) was the cheapest in 100% of all the transfers it quoted over the past month.

Cheapest service
SAR 1,000This page6.00%SAR 40.00₦323,126.66with bank transfer to bank deposit+₦35.81
SAR 50,0000.27%SAR 0.00₦17,855,391.67with bank transfer to bank deposit₦0.00

Mid-market rate: 1 SAR = 358.0748 NGN

SAR/NGN Exchange Rate History

Is today a good time to send money from Saudi Arabia to Nigeria?

The cheapest way to send SAR to NGN 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 PayPal App (P2P Transfer)), across 30 days of comparisons for 1,000 SAR transfers to Nigeria.

NGN received for SAR 1,000, after fees

Tue, Nov 10, 2026Mid-market rate₦358,074.75 PayPal App (P2P Transfer) ₦323,126.66PayPal App (P2P Transfer)₦323,126.66MoneyGram Agent₦323,126.66Western Union Agent₦323,019.24

310,000
320,000
330,000
340,000
350,000
360,000
370,000
At the mid-market rateWith the cheapest optionPayPal App (P2P Transfer)MoneyGram AgentWestern Union Agent
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.3724 – ₦354,372.41
PayPal App (P2P Transfer) Cheapest 333.1101 SAR 40.00 ₦319,785.67 −₦34,586.74
MoneyGram Agent 333.1101 SAR 40.00 ₦319,785.67 −₦34,586.74
Western Union Agent 329.5663 SAR 30.00 ₦319,679.35 −₦34,693.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.3057 – ₦354,305.75
PayPal App (P2P Transfer) Cheapest 333.0474 SAR 40.00 ₦319,725.51 −₦34,580.24
MoneyGram Agent 333.0474 SAR 40.00 ₦319,725.51 −₦34,580.24
Western Union Agent 329.5043 SAR 30.00 ₦319,619.22 −₦34,686.53
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.0888 – ₦354,088.85
PayPal App (P2P Transfer) Cheapest 332.8435 SAR 40.00 ₦319,529.78 −₦34,559.07
MoneyGram Agent 332.8435 SAR 40.00 ₦319,529.78 −₦34,559.07
Western Union Agent 329.3026 SAR 30.00 ₦319,423.55 −₦34,665.30
Exchange rateFeeRecipient getsDifference
Mid-market rate 361.7045 – ₦361,704.52
PayPal App (P2P Transfer) Cheapest 340.0023 SAR 40.00 ₦326,402.16 −₦35,302.36
MoneyGram Agent 340.0023 SAR 40.00 ₦326,402.16 −₦35,302.36
Western Union Agent 336.3852 SAR 30.00 ₦326,293.65 −₦35,410.87
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.8925 – ₦354,892.53
PayPal App (P2P Transfer) Cheapest 333.5990 SAR 40.00 ₦320,255.02 −₦34,637.51
MoneyGram Agent 333.5990 SAR 40.00 ₦320,255.02 −₦34,637.51
Western Union Agent 330.0501 SAR 30.00 ₦320,148.55 −₦34,743.98
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.7125 – ₦354,712.48
PayPal App (P2P Transfer) Cheapest 333.4297 SAR 40.00 ₦320,092.54 −₦34,619.94
MoneyGram Agent 333.4297 SAR 40.00 ₦320,092.54 −₦34,619.94
Western Union Agent 329.8826 SAR 30.00 ₦319,986.13 −₦34,726.35
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.7211 – ₦354,721.09
PayPal App (P2P Transfer) Cheapest 333.4378 SAR 40.00 ₦320,100.31 −₦34,620.78
MoneyGram Agent 333.4378 SAR 40.00 ₦320,100.31 −₦34,620.78
Western Union Agent 329.8906 SAR 30.00 ₦319,993.90 −₦34,727.19
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.3754 – ₦354,375.45
PayPal App (P2P Transfer) Cheapest 333.1129 SAR 40.00 ₦319,788.40 −₦34,587.05
MoneyGram Agent 333.1129 SAR 40.00 ₦319,788.40 −₦34,587.05
Western Union Agent 329.5692 SAR 30.00 ₦319,682.09 −₦34,693.36
Exchange rateFeeRecipient getsDifference
Mid-market rate 352.4500 – ₦352,449.99
PayPal App (P2P Transfer) Cheapest 331.3030 SAR 40.00 ₦318,050.87 −₦34,399.12
MoneyGram Agent 331.3030 SAR 40.00 ₦318,050.87 −₦34,399.12
Western Union Agent 327.7785 SAR 30.00 ₦317,945.14 −₦34,504.85
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.8132 – ₦354,813.16
PayPal App (P2P Transfer) Cheapest 333.5244 SAR 40.00 ₦320,183.40 −₦34,629.76
MoneyGram Agent 333.5244 SAR 40.00 ₦320,183.40 −₦34,629.76
Western Union Agent 329.9762 SAR 30.00 ₦320,076.95 −₦34,736.21
Exchange rateFeeRecipient getsDifference
Mid-market rate 353.6901 – ₦353,690.10
PayPal App (P2P Transfer) Cheapest 332.4687 SAR 40.00 ₦319,169.94 −₦34,520.16
MoneyGram Agent 332.4687 SAR 40.00 ₦319,169.94 −₦34,520.16
Western Union Agent 328.9318 SAR 30.00 ₦319,063.84 −₦34,626.26
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.5227 – ₦354,522.65
PayPal App (P2P Transfer) Cheapest 333.2513 SAR 40.00 ₦319,921.24 −₦34,601.41
MoneyGram Agent 333.2513 SAR 40.00 ₦319,921.24 −₦34,601.41
Western Union Agent 329.7061 SAR 30.00 ₦319,814.88 −₦34,707.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.9086 – ₦354,908.57
PayPal App (P2P Transfer) Cheapest 333.6141 SAR 40.00 ₦320,269.49 −₦34,639.08
MoneyGram Agent 333.6141 SAR 40.00 ₦320,269.49 −₦34,639.08
Western Union Agent 330.0650 SAR 30.00 ₦320,163.02 −₦34,745.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 354.9086 – ₦354,908.57
PayPal App (P2P Transfer) Cheapest 333.6141 SAR 40.00 ₦320,269.49 −₦34,639.08
MoneyGram Agent 333.6141 SAR 40.00 ₦320,269.49 −₦34,639.08
Western Union Agent 330.0650 SAR 30.00 ₦320,163.02 −₦34,745.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 359.5511 – ₦359,551.14
PayPal App (P2P Transfer) Cheapest 337.9781 SAR 40.00 ₦324,458.95 −₦35,092.19
MoneyGram Agent 337.9781 SAR 40.00 ₦324,458.95 −₦35,092.19
Western Union Agent 334.3826 SAR 30.00 ₦324,351.08 −₦35,200.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 357.7774 – ₦357,777.37
PayPal App (P2P Transfer) Cheapest 336.3107 SAR 40.00 ₦322,858.30 −₦34,919.07
MoneyGram Agent 336.3107 SAR 40.00 ₦322,858.30 −₦34,919.07
Western Union Agent 332.7330 SAR 30.00 ₦322,750.96 −₦35,026.41
Exchange rateFeeRecipient getsDifference
Mid-market rate 357.8230 – ₦357,823.01
PayPal App (P2P Transfer) Cheapest 336.3536 SAR 40.00 ₦322,899.49 −₦34,923.52
MoneyGram Agent 336.3536 SAR 40.00 ₦322,899.49 −₦34,923.52
Western Union Agent 332.7754 SAR 30.00 ₦322,792.14 −₦35,030.87
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.8832 – ₦358,883.16
PayPal App (P2P Transfer) Cheapest 337.3502 SAR 40.00 ₦323,856.16 −₦35,027.00
MoneyGram Agent 337.3502 SAR 40.00 ₦323,856.16 −₦35,027.00
Western Union Agent 333.7613 SAR 30.00 ₦323,748.50 −₦35,134.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.7704 – ₦358,770.39
PayPal App (P2P Transfer) Cheapest 337.2442 SAR 40.00 ₦323,754.40 −₦35,015.99
MoneyGram Agent 337.2442 SAR 40.00 ₦323,754.40 −₦35,015.99
Western Union Agent 333.6565 SAR 30.00 ₦323,646.77 −₦35,123.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.6380 – ₦358,637.99
PayPal App (P2P Transfer) Cheapest 337.1197 SAR 40.00 ₦323,634.92 −₦35,003.07
MoneyGram Agent 337.1197 SAR 40.00 ₦323,634.92 −₦35,003.07
Western Union Agent 333.5333 SAR 30.00 ₦323,527.33 −₦35,110.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.6380 – ₦358,637.99
PayPal App (P2P Transfer) Cheapest 337.1197 SAR 40.00 ₦323,634.92 −₦35,003.07
MoneyGram Agent 337.1197 SAR 40.00 ₦323,634.92 −₦35,003.07
Western Union Agent 333.5333 SAR 30.00 ₦323,527.33 −₦35,110.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 357.1539 – ₦357,153.93
PayPal App (P2P Transfer) Cheapest 335.7247 SAR 40.00 ₦322,295.71 −₦34,858.22
MoneyGram Agent 335.7247 SAR 40.00 ₦322,295.71 −₦34,858.22
Western Union Agent 332.1532 SAR 30.00 ₦322,188.56 −₦34,965.37
Exchange rateFeeRecipient getsDifference
Mid-market rate 356.2071 – ₦356,207.09
PayPal App (P2P Transfer) Cheapest 334.8347 SAR 40.00 ₦321,441.28 −₦34,765.81
MoneyGram Agent 334.8347 SAR 40.00 ₦321,441.28 −₦34,765.81
Western Union Agent 331.2726 SAR 30.00 ₦321,334.41 −₦34,872.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 357.0029 – ₦357,002.89
PayPal App (P2P Transfer) Cheapest 335.5827 SAR 40.00 ₦322,159.41 −₦34,843.48
MoneyGram Agent 335.5827 SAR 40.00 ₦322,159.41 −₦34,843.48
Western Union Agent 332.0127 SAR 30.00 ₦322,052.31 −₦34,950.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.4367 – ₦358,436.72
PayPal App (P2P Transfer) Cheapest 336.9305 SAR 40.00 ₦323,453.30 −₦34,983.42
MoneyGram Agent 336.9305 SAR 40.00 ₦323,453.30 −₦34,983.42
Western Union Agent 333.3461 SAR 30.00 ₦323,345.77 −₦35,090.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.1527 – ₦358,152.73
PayPal App (P2P Transfer) Cheapest 336.6636 SAR 40.00 ₦323,197.03 −₦34,955.70
MoneyGram Agent 336.6636 SAR 40.00 ₦323,197.03 −₦34,955.70
Western Union Agent 333.0820 SAR 30.00 ₦323,089.58 −₦35,063.15
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.8069 – ₦358,806.90
PayPal App (P2P Transfer) Cheapest 337.2785 SAR 40.00 ₦323,787.35 −₦35,019.55
MoneyGram Agent 337.2785 SAR 40.00 ₦323,787.35 −₦35,019.55
Western Union Agent 333.6904 SAR 30.00 ₦323,679.71 −₦35,127.19
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.6496 – ₦358,649.56
PayPal App (P2P Transfer) Cheapest 337.1306 SAR 40.00 ₦323,645.37 −₦35,004.19
MoneyGram Agent 337.1306 SAR 40.00 ₦323,645.37 −₦35,004.19
Western Union Agent 333.5441 SAR 30.00 ₦323,537.77 −₦35,111.79
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.8656 – ₦358,865.62
PayPal App (P2P Transfer) Cheapest 337.3337 SAR 40.00 ₦323,840.34 −₦35,025.28
MoneyGram Agent 337.3337 SAR 40.00 ₦323,840.34 −₦35,025.28
Western Union Agent 333.7450 SAR 30.00 ₦323,732.68 −₦35,132.94
Exchange rateFeeRecipient getsDifference
Mid-market rate 358.0748 – ₦358,074.75
PayPal App (P2P Transfer) Cheapest 336.5903 SAR 40.00 ₦323,126.66 −₦34,948.09
MoneyGram Agent 336.5903 SAR 40.00 ₦323,126.66 −₦34,948.09
Western Union Agent 333.0095 SAR 30.00 ₦323,019.24 −₦35,055.51

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send SAR 1,000, after fees, as quoted by each company. The mid-market line shows what SAR 1,000 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 NGN per SAR 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 NGN on every transfer from Saudi Arabia.

Right now, PayPal App (P2P Transfer) pays 323,126.66 NGN on 1,000 SAR, which is 34,948.09 NGN less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 326,402.16 NGN.

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 Nigeria.

We've tracked 60 comparisons to check how often today's top companies were the cheapest across 2 amounts over the past month.

  1. PayPal App (P2P Transfer)Appeared in 30 comparisons

    Cheapest every time

  2. MoneyGram AgentAppeared in 30 comparisons

    Never the cheapest

  3. Western Union AgentAppeared in 30 comparisons

    Never the cheapest

Based on 60 comparisons across 2 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 PayPal App (P2P Transfer) is the cheapest and gets you the most NGN, and it was also the cheapest in 100% of the 30 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Nigeria.

MoneyGram Agent (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Nigeria.

Ways to send money from Saudi Arabia to Nigeria

3 companies send money from Saudi Arabia to Nigeria, using in person and other options.

Very large transfers

Currency brokers

A currency broker can help with timing the exchange rate and paperwork on a large transfer to Nigeria from Saudi Arabia.

I suggest getting a few quotes from currency brokers like Regency FX and Currencies Direct.

Then compare it to your bank and go with whoever gets you the most NGN.

You will need your Iqama, salary certificate and source-of-funds documents beforehand.

Paying suppliers and contractors

Global accounts

Global accounts help Saudi businesses make regular payments to suppliers and contractors in Nigeria.

VertoFX and Payoneer can manage foreign-currency payments, invoices, batch payments, and more.

Ways to fund SAR and receive NGN in Nigeria

With PayPal App (P2P Transfer), paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending SAR 1,000 gives your recipient 323,126.66 NGN.

For payment, choose bank transfer.

The recipient can collect NGN using bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay SAR1,000.00

    ₦323,127

    Cheapest

Things to know before sending SAR to Nigeria

Here are a few things to consider when making money transfers from Saudi Arabia to Nigeria.

Best options to send SAR to Nigeria

I would suggest starting with these companies unless you have special needs (like specific funding or receiving options):

Cheapest:

PayPal App (P2P Transfer), paid by bank transfer with bank deposit in Nigeria. Your recipient gets 323,126.66 NGN, which is 0% more than the next option.

Fastest:

PayPal App (P2P Transfer), funded by bank transfer with bank deposit for the payout. It delivers 323,126.66 NGN in minutes.

Transfer limits in Saudi Arabia

SAMA's rules for licensed money-transfer centres link an individual customer's limit to documented monthly income.

The rule caps transfers at the monthly salary or SAR 50,000 per month, whichever is lower, with an annual limit of SAR 500,000 where income is proved.

That does not mean every money transfer app will let you send the full amount as they can set their own limits.

SARIE and mada card are deposit methods

SARIE and mada card can be used inside Saudi Arabia only.

A wallet or transfer company may use them to collect your payment, but a licensed cross-border service still handles the transfer internally using local rails or internal network of bank accounts.

Use a SAMA-licensed service

Only use a bank, wallet, exchange business or remittance centre licensed by the Saudi Central Bank.

Do not hand money to an informal dealer because their rate looks better.

Check the recipient details before paying and keep the receipt.

If the company does not resolve a held or failed transfer, raise the complaint through SAMA Cares.

How we analyse the market

We track 3 companies sending SAR to Nigeria, with rates refreshed in real time on live comparisons.

The riyal is fixed to the dollar, so we compare on what lands in NGN, along with the fee and the ways to pay and collect.

In the past 30 days alone, we analysed 60 comparisons across 2 amounts.

This page covers the cheapest and fastest options for SAR/NGN 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.

Each one goes through our review first.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Saudi Arabia

Send money from Saudi Arabia to India Send money from Saudi Arabia to United Arab Emirates Send money from Saudi Arabia to Pakistan Send money from Saudi Arabia to Nigeria Send money from Saudi Arabia to Spain Send money from Saudi Arabia to United States Send money from Saudi Arabia to United Kingdom Send money from Saudi Arabia to Philippines Send money from Saudi Arabia to Bangladesh Send money from Saudi Arabia to South Africa Send money from Saudi Arabia to Egypt Send money from Saudi Arabia to Qatar Send money from Saudi Arabia to Canada Send money from Saudi Arabia to Indonesia Send money from Saudi Arabia to Sri Lanka Send money from Saudi Arabia to Uganda

Send money to Nigeria

Send money from United States to Nigeria Send money from India to Nigeria Send money from Philippines to Nigeria Send money from South Africa to Nigeria Send money from Brazil to Nigeria Send money from United Kingdom to Nigeria Send money from France to Nigeria Send money from Turkey to Nigeria Send money from Mexico to Nigeria Send money from Germany to Nigeria