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How to send money from Nigeria to South Africa
Sending money from Nigeria to South Africa doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
Compare for the best deal on your Nigeria to South Africa transfer
- Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Nigeria to South Africa.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for NGN to ZAR transfers.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Sending money from Nigeria to South Africa: key insights and tips
Don't settle for the first option. Always compare ways to send money from Nigeria to South Africa to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Nigeria and South Africa. Through this, you get a comprehensive view of all the options you have in Nigeria when you need to send money to South Africa.
Cheapest way to send money from Nigeria to South Africa
Without any money transfer providers serving the Nigeria to South Africa route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Nigeria to South Africa
When calculating the costs of money transfers between Nigeria and South Africa, here's what really matters:
The Mid-Market Rate: Today, the NGN-ZAR mid-market rate equals to 0.0115. Keep in mind that this rate fluctuates all the time.
The NGN-ZAR average exchange rate of the past week has been 0.0115, with a highest of 0.0116 and a lowest of 0.0115.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your NGN to ZAR transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Track the exchange rate for Naira to Rand
Sending money at the right time between NGN and ZAR can make a huge difference to overall cost. The exchange rate impacts how much ZAR you get for your NGN.
Over the last 7 days, the average numbers are:
The exchange rate from NGN to ZAR averaged 0.0115 ZAR.
The highest value recorded was 0.0116 ZAR, while the lowest was 0.0115 ZAR.
5 providers currently offer transfers between Nigeria and South Africa close to this rate
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What payment methods are available when sending money from Nigeria to South Africa?
Sending bank transfers from Nigeria to South Africa
Bank transfers are the most common way of sending NGN to South Africa as they are secure, reliable, and convenient.
If you want to send Nairas to South Africa via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Nigeria to South Africa by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Nairas to South Africa with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Nigeria to South Africa by payment apps
If you’d like to send money from Nigeria to South Africa via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Nigeria to South Africa.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to South Africa in Rand at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Nigeria to South Africa after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the NGN to ZAR exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of NGN to ZAR is 0.0115
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between South Africa and Nigeria.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Nigeria to South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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