Our recommendation: Western Union
We tested & reviewed 4 money transfer providers offering money transfers from Nigeria to Cameroon, and Western Union scored highly.
In total, Western Union appeared in 40% of Nigeria to Cameroon searches, and was the top rated company supporting transfers between NGN and XAF.
For a great mix of cost, speed & features, we recommend making your Nigeria to Cameroon transfer using Western Union.
Getting the best deal on your Nigeria to Cameroon transfer
Understanding Nigeria to Cameroon money transfers
Comparing providers when sending money from Nigeria to Cameroon is the easiest way to make a transfer at the best price.
We’ve compared 4 providers for sending Naira to Cameroon. This ensures you will get the best options for your transfer to Cameroon from Nigeria.
We rate Western Union as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Nigeria to Cameroon.
Cheapest way to send money from Nigeria to Cameroon: Multipass
Our data shows, over the past six months, that Multipass is 0.7% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 0* NGN and a NGN-XAF exchange rate for international transfers that is 0.5% different to the mid-market rate.
Securing the best rates on a NGN to Cameroon transfer can be done with Multipass but you can always search for your specific amount.
*The most common fee applied by Multipass when sending NGN-XAF, based on data from the past six months.
Fastest way to send money to Cameroon from Nigeria: Payoneer
Our comparison shows Payoneer is the fastest option for sending Naira into CFA Franc BEAC 66.7% of the time. For urgent NGN to XAF money transfers, they’re our recommended choice.
A NGN-CFA Franc BEAC transfer through Payoneer comes with an average 0 NGN fee.
To ensure Payoneer was the 'fastest' option we compared 4 providers. This comparison was for overall speed of sending money from Nigeria to Cameroon and is a combination of depositing Naira, transfer times to Cameroon and withdrawal timeframes where applicable.
When speed is a priority, Payoneer is the top choice for sending into Cameroon from Nigeria.
Transferring large sums of money
Of the 4 money transfer companies tested, Western Union is the strongest option for large transfers from Nigeria to Cameroon.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from Nigeria to Cameroon can become expensive through your bank or with the wrong provider.
Western Union is our choice for sending large sums of money to NGN because they offer a strong all-round product.
Understanding the costs involved when transferring money to Cameroon from Nigeria
When calculating the cost of sending money from Nigeria to Cameroon, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current NGN-XAF mid-market rate is 0.3713 XAF per Naira. Finding a provider as close to this number as possible will ensure more CFA Franc BEAC for your money.
As a comparison, the NGN-XAF mid-market rate for the past three months has averaged 0.377 XAF per Naira, hitting a high of 0.4271 and a low of 0.3521.
Multipass is currently offering the best exchange rate on transfers between Nigeria and Cameroon.
Often the NGN-XAF exchange rate you receive will be the biggest factor impacting the cost of sending Naira to Cameroon.
Fees: Transfer fees are charged on top of a transfer. Multipass currently offers lowest fees, at an average of 0 NGN over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in CFA Franc BEAC is the biggest indicator in the total cost of sending money to Nigeria from Cameroon. The higher the total amount received in Cameroon, the lower the cost of sending from Nigeria.
Track the exchange rate for Naira to CFA Franc BEAC
Sending money at the right time between NGN and XAF can make a huge difference to overall cost. The exchange rate impacts how much XAF you get for your NGN.
Over the last six months, the average numbers are:
The exchange rate from NGN to XAF averaged 0.377 XAF.
The highest value recorded was 0.4271 XAF, while the lowest was 0.3521 XAF.
4 providers currently offer transfers between Nigeria and Cameroon close to this rate
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Payment options for transfers from Nigeria to Cameroon
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Cameroon 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 Cameroon.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to XAF.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.