Lemfi is the overall cheapest way to send money from Nigeria out of the 5 options available. It will get you 345.07 CAD from a 360,000 NGN transfer.
In Canada, you can withdraw money using bank deposit.
Use our filters below to find the best transfer option for your needs.
| 5 of 5 providers Last updated on 28 October 2026 | |||
| Based on 360,000 NGN transfer Best companies for NGN/CAD transfers | |||
Run a live search Showing top Nigeria to Canada 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 CAD rates. | |||
Run a live search These companies offer multi-currency accounts for spending CAD. We suggest doing a live search based on how much NGN you're planning to spend in Canada. | |||
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. | |||
 Lemfi Pay via Bank transfer | Fee ₦0.00 1 NGN = 0.0010 CAD +8.72% vs mid-market | Recipient gets $345.07 3-6 Hours | |
Ways to receive money in Canada with Lemfi when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit3-6 Hours Free1 NGN = 0.0010 CAD $345.07You pay₦360,000.00 | |||
 Afriex Pay via Bank transfer | Fee ₦0.00 1 NGN = 0.0010 CAD +9.00% vs mid-market | Recipient gets $342.64 Minutes - 24 hours | |
Ways to receive money in Canada with Afriex when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 NGN = 0.0010 CAD $342.64You pay₦360,000.00 | |||
 Pesa Pay via Bank transfer | Fee ₦1,800.00 1 NGN = 0.0010 CAD +9.00% vs mid-market | Recipient gets $340.93 Minutes - 24 hours | |
Ways to receive money in Canada with Pesa when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours ₦1,800.001 NGN = 0.0010 CAD $340.93You pay₦360,000.00 | |||
| Send Money Between PayPal Accounts  PayPal App (P2P Transfer) Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 0.0010 CAD +6.00% vs mid-market | Recipient gets $339.78 Minutes | |
Ways to receive money in Canada with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₦14,400.001 NGN = 0.0010 CAD $339.78You pay₦360,000.00 | |||
| Send cash via a MoneyGram agent  MoneyGram Agent Pay via Bank transfer | Fee ₦14,400.00 1 NGN = 0.0010 CAD +6.00% vs mid-market | Recipient gets $339.78 Minutes - 3 days | |
Ways to receive money in Canada with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days ₦14,400.001 NGN = 0.0010 CAD $339.78You pay₦360,000.00 | |||
| How Our Results Work Mid-market rate: 1 NGN = 0.0010 CAD Updates every 60 minutes. | |||
Transfer details
Start with the best service, which is Lemfi at 345.07 CAD for a ₦360,000 transfer.
Lemfi was the cheapest on 3 of the 19 days it quoted ₦360,000 transfers to Canada.
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 Canada 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 Lemfi was the cheapest in 21% of all the transfers it quoted over the past month.
| Cheapest service | |||||
|---|---|---|---|---|---|
| ₦100,000 | 8.92% | ₦0.00 | $95.85with bank transfer to bank deposit | +$2.41 | |
| ₦250,000 | 8.90% | ₦0.00 | $239.63with bank transfer to bank deposit | +$2.03 | |
| ₦300,000 | 4.67% | ₦0.00 | $289.86with bank transfer to bank deposit | +$3.97 | |
| ₦360,000This page | 8.72% | ₦0.00 | $345.07with bank transfer to bank deposit | +$3.43 | |
| ₦25,000,000 | 4.67% | ₦0.00 | $24,154.59with bank transfer to bank deposit | $0.00 |
Mid-market rate: 1 NGN = 0.0010 CAD
The cheapest way to send NGN to CAD 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 Lemfi), across 30 days of comparisons for 360,000 NGN transfers to Canada.
Wed, 28 Oct 2026Mid-market rate$376.53 Lemfi $345.07Lemfi$345.07Afriex$342.64Pesa$340.93
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $386.24 | |
| | 0.0010 | ₦0.00 | $351.48 | −$34.76 |
| | 0.0010 | ₦1,800.00 | $349.72 | −$36.52 |
| | 0.0009 | ₦0.00 | $336.65 | −$49.59 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $384.84 | |
 | 0.0010 | ₦0.00 | $352.94 | −$31.90 |
| | 0.0010 | ₦0.00 | $350.20 | −$34.64 |
| | 0.0010 | ₦1,800.00 | $348.45 | −$36.39 |
| | 0.0009 | ₦0.00 | $336.65 | −$48.19 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $386.38 | |
| | 0.0010 | ₦0.00 | $352.94 | −$33.44 |
| | 0.0010 | ₦0.00 | $351.60 | −$34.78 |
| | 0.0010 | ₦1,800.00 | $349.85 | −$36.53 |
| | 0.0009 | ₦0.00 | $336.65 | −$49.73 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $385.20 | |
| | 0.0010 | ₦0.00 | $352.94 | −$32.26 |
| | 0.0010 | ₦0.00 | $350.53 | −$34.67 |
| | 0.0010 | ₦1,800.00 | $348.78 | −$36.42 |
| | 0.0009 | ₦0.00 | $336.65 | −$48.56 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $385.44 | |
| | 0.0010 | ₦0.00 | $361.81 | −$23.64 |
| | 0.0010 | ₦0.00 | $350.75 | −$34.69 |
| | 0.0010 | ₦1,800.00 | $349.00 | −$36.44 |
| | 0.0009 | ₦0.00 | $336.65 | −$48.80 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $385.47 | |
| | 0.0010 | ₦0.00 | $361.81 | −$23.66 |
| | 0.0010 | ₦0.00 | $350.78 | −$34.69 |
| | 0.0010 | ₦1,800.00 | $349.03 | −$36.44 |
| | 0.0009 | ₦0.00 | $336.65 | −$48.83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $387.29 | |
| | 0.0010 | ₦0.00 | $361.81 | −$25.48 |
| | 0.0010 | ₦0.00 | $352.43 | −$34.86 |
| | 0.0010 | ₦1,800.00 | $350.67 | −$36.62 |
| | 0.0009 | ₦0.00 | $336.65 | −$50.64 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $388.68 | |
| | 0.0010 | ₦0.00 | $361.81 | −$26.87 |
| | 0.0010 | ₦0.00 | $353.69 | −$34.99 |
| | 0.0010 | ₦1,800.00 | $351.93 | −$36.75 |
| | 0.0009 | ₦0.00 | $336.65 | −$52.03 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $386.20 | |
| | 0.0010 | ₦0.00 | $358.21 | −$27.99 |
| | 0.0010 | ₦0.00 | $351.45 | −$34.75 |
| | 0.0010 | ₦1,800.00 | $349.69 | −$36.51 |
| | 0.0009 | ₦0.00 | $336.65 | −$49.56 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $386.45 | |
| | 0.0010 | ₦0.00 | $351.67 | −$34.78 |
| | 0.0010 | ₦1,800.00 | $349.91 | −$36.54 |
| | 0.0009 | ₦0.00 | $336.65 | −$49.81 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $385.00 | |
| | 0.0010 | ₦0.00 | $354.68 | −$30.32 |
| | 0.0010 | ₦0.00 | $350.35 | −$34.65 |
| | 0.0010 | ₦1,800.00 | $348.60 | −$36.40 |
| | 0.0009 | ₦0.00 | $336.65 | −$48.36 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $386.33 | |
| | 0.0010 | ₦0.00 | $354.68 | −$31.65 |
| | 0.0010 | ₦0.00 | $351.56 | −$34.77 |
| | 0.0010 | ₦1,800.00 | $349.80 | −$36.53 |
| | 0.0009 | ₦0.00 | $336.65 | −$49.69 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $386.33 | |
| | 0.0010 | ₦0.00 | $354.68 | −$31.65 |
| | 0.0010 | ₦0.00 | $351.56 | −$34.77 |
| | 0.0010 | ₦1,800.00 | $349.80 | −$36.53 |
| | 0.0009 | ₦0.00 | $336.65 | −$49.69 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $385.42 | |
| | 0.0010 | ₦0.00 | $354.68 | −$30.74 |
| | 0.0010 | ₦0.00 | $350.74 | −$34.68 |
| | 0.0010 | ₦1,800.00 | $348.98 | −$36.44 |
| | 0.0009 | ₦0.00 | $336.65 | −$48.78 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $385.89 | |
| | 0.0010 | ₦0.00 | $351.16 | −$34.73 |
| | 0.0010 | ₦1,800.00 | $349.40 | −$36.49 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $384.67 | |
| | 0.0010 | ₦0.00 | $350.05 | −$34.62 |
| | 0.0010 | ₦1,800.00 | $348.30 | −$36.37 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $384.79 | |
| | 0.0010 | ₦0.00 | $350.16 | −$34.63 |
| | 0.0010 | ₦1,800.00 | $348.41 | −$36.38 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $383.53 | |
| | 0.0010 | ₦0.00 | $352.94 | −$30.59 |
| | 0.0010 | ₦0.00 | $349.01 | −$34.52 |
| | 0.0010 | ₦1,800.00 | $347.26 | −$36.27 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $382.86 | |
| | 0.0010 | ₦0.00 | $348.40 | −$34.46 |
| | 0.0010 | ₦1,800.00 | $346.66 | −$36.20 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $382.86 | |
| | 0.0010 | ₦0.00 | $352.94 | −$29.92 |
| | 0.0010 | ₦0.00 | $348.40 | −$34.46 |
| | 0.0010 | ₦1,800.00 | $346.66 | −$36.20 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $380.91 | |
| | 0.0010 | ₦0.00 | $352.94 | −$27.97 |
| | 0.0010 | ₦0.00 | $346.63 | −$34.28 |
| | 0.0010 | ₦1,800.00 | $344.89 | −$36.02 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $382.00 | |
| | 0.0010 | ₦0.00 | $347.62 | −$34.38 |
| | 0.0010 | ₦1,800.00 | $345.88 | −$36.12 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $380.26 | |
| | 0.0010 | ₦0.00 | $351.22 | −$29.04 |
| | 0.0010 | ₦0.00 | $346.04 | −$34.22 |
| | 0.0010 | ₦1,800.00 | $344.31 | −$35.95 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $379.09 | |
| | 0.0010 | ₦0.00 | $351.22 | −$27.87 |
| | 0.0010 | ₦0.00 | $344.97 | −$34.12 |
| | 0.0010 | ₦1,800.00 | $343.25 | −$35.84 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $379.02 | |
| | 0.0010 | ₦0.00 | $344.91 | −$34.11 |
| | 0.0010 | ₦1,800.00 | $343.18 | −$35.84 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $378.43 | |
| | 0.0010 | ₦0.00 | $345.07 | −$33.36 |
| | 0.0010 | ₦0.00 | $344.37 | −$34.06 |
| | 0.0010 | ₦1,800.00 | $342.65 | −$35.78 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0011 | – | $378.43 | |
| | 0.0010 | ₦0.00 | $351.22 | −$27.21 |
| | 0.0010 | ₦0.00 | $345.07 | −$33.36 |
| | 0.0010 | ₦0.00 | $344.37 | −$34.06 |
| | 0.0010 | ₦1,800.00 | $342.65 | −$35.78 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0010 | – | $374.71 | |
| | 0.0010 | ₦0.00 | $345.07 | −$29.64 |
| | 0.0009 | ₦0.00 | $340.98 | −$33.73 |
| | 0.0009 | ₦1,800.00 | $339.28 | −$35.43 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0010 | – | $376.65 | |
| | 0.0010 | ₦0.00 | $351.22 | −$25.43 |
| | 0.0010 | ₦0.00 | $345.07 | −$31.58 |
| | 0.0010 | ₦0.00 | $342.75 | −$33.90 |
| | 0.0010 | ₦1,800.00 | $341.04 | −$35.61 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 0.0010 | – | $376.53 | |
| | 0.0010 | ₦0.00 | $345.07 | −$31.46 |
| | 0.0010 | ₦0.00 | $342.64 | −$33.89 |
| | 0.0010 | ₦1,800.00 | $340.93 | −$35.60 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 0.0010 | – | $376.53 | |
|---|---|---|---|---|
| | ||||
| | ||||
| | ||||
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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 CAD 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 CAD on every transfer from Nigeria.
Right now, Lemfi pays 345.07 CAD on 360,000 NGN, which is 31.46 CAD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 361.81 CAD.
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 Canada.
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 53% of them
Cheapest in 7% of them
Never the cheapest
Based on 56 comparisons across 8 amounts over the last 7 days.
Cheapest in 21% of them
Cheapest in 23% of them
Never the cheapest
Based on 170 comparisons across 8 amounts over the last 30 days.
Cheapest in 11% of them
Cheapest in 26% of them
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 Lemfi is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.
Afriex (today's second cheapest) was the cheapest in only 23% of its comparisons, so it's rarely the cheapest option for transfers to Canada.
There are 5 money transfer services sending NGN to Canada.
Cheapest way to send NGN
You can send NGN to Canada online or through the app.
The cheapest way is Lemfi, it will get you 345.07 CAD for ₦360,000.
In our comparisons over the past month, it was the cheapest online service on 3 of the 19 days it quoted.
To get the most out of your transfer, deposit with a bank transfer and receive with a bank deposit.
With Lemfi, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending ₦360,000 gives your recipient 345.07 CAD.
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 Canada over internal network.
They can receive CAD using bank deposit.
To receive money as bank deposit (straight to their bank account), enter their bank and account details in Canada.
You pay ₦360,000.00
CA$345
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 5 companies available for a ₦360,000 transfer to Canada, so the shortlist is smaller than it is for money coming into Nigeria.
Cheapest way to send money to Canada
The cheapest option is Lemfi, funded by bank transfer with bank deposit for the payout. Your recipient gets 345.07 CAD, which is 0.7% more than the next best option.
Fastest way to send money to Canada
The fastest option is PayPal App (P2P Transfer). Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 339.78 CAD in minutes.
NIP can move NGN from your bank to the transfer company within Nigeria, but it does not send the money to Canada.
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/CAD 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 5 of them on NGN to CAD, 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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