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Best choice: Moneycorp
We tested & reviewed dozens of money transfer providers, and Moneycorp scored highly.
Moneycorp appeared in 40.5% of Nigeria to Canada searches in the last 6 months, and was the top rated company out of 5 that support NGN to CAD.
So for a great blend of cost, speed & features, make your Nigeria to Canada transfer using Moneycorp.
How to get the best deal on your Nigeria to Canada money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Nigeria to Canada.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Nigeria and Canada.
- Click, sign up & send
Follow the steps & make your transfer to Canada. Your funds will be sent from Nigeria and converted into Canadian Dollar.
Summary of recent searches
Sending money from Nigeria to Canada considerations
A comparison of providers offering services between Nigeria and Canada is the easiest way to ensure the best deal.
We've compared 5 providers that offer services for sending Naira to Canada.
This ensures you will get the best options for your transfer to Canada from Nigeria.
Whilst we rate Moneycorp as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Nigeria to Canada.
Cheapest way to send money to Canada from Nigeria: Moneycorp
Data collected through our comparison over the past six months shows that Moneycorp is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* NGN and an exchange rate for buying Canadian Dollar with Naira that is 1.9% different to the mid-market rate.
If you want to secure the best rates on a Nigeria to Canada transfer, Moneycorp offers value. We would still recommend searching for the amount you want to send to Canada.
*The most common fee applied to NGN-CAD by Moneycorp, based on data from the past six months.
Fastest way to transfer money to Canada from Nigeria: Moneycorp.
Through our data, we found Moneycorp to be the fastest option for sending money from Nigeria into Canadian Dollar in 80% of occasions. For fast NGN to CAD money transfers, Moneycorp comes highly recommended.
Nigeria to Canada transfers with Moneycorp have an average fee of 0 NGN.
To test that Moneycorp was the 'fastest' option we compared 5 providers. With this, we compared overall speed of sending money from Nigeria to Canada made up of depositing Nairas, to a money transfer account and transfer times to Canada.
When sending at speed is a priority, Moneycorp is our recommended choice for sending into Canada from Nigeria.
Sending a large amount of money?
Of the 5 providers compared, Moneycorp is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Moneycorp may not always be the fastest or cheapest way to send money from Nigeria to Canada, it's a great provider for things like buying or selling property.
Understanding the costs involved when moving money from Nigeria to Canada
The total cost of money transfers to Canada from Nigeria, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for NGN-CAD is 0.0009 CAD per Naira.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Canadian Dollar for your Nairas.
On average for the last three months, the NGN-CAD mid-market rate has been 0.0009 CAD per Naira. This hit a high of 0.001, and a low of 0.0008.
From the 5 companies compared, Moneycorp offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting NGN to CAD.
Fees: Some money transfers between Nigeria and Canada will be subject to fees. Moneycorp has had an average fee of 0 NGN per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Canadian Dollar eventually received in Canada.
This number should guide you, as a higher amount of money received in Canada means a better overall cost of sending money from Nigeria.
How to find the best exchange rate for Naira to Canadian Dollar
Timing is essential for sending money between NGN and CAD. The exchange rate you secure impacts how much CAD you get for your NGN.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from NGN to CAD has seen some fluctuation. On average, it stood at 0.0009.
During this period, the highest value recorded was 0.001, while the lowest was 0.0008.
Moneycorp, which is our recommended service to send money online from Nigeria to Canada offers an exchange rate that is only 1.9% above the mid-market rate.
Want to secure the best NGN-Canadian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Nigeria to Canada!
Payment options for transfers from Nigeria to Canada
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Nigeria to Canada.
Using a money transfer company such as Moneycorp for payments from Nigeria to Canada, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Moneycorp is the best money transfer provider for bank transfers of the 5 we compared when sending NGN to Canada.With an average fee of 0 NGN to transfer money from Nigeria to Canada, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Nigeria to Canada is easy with Instarem.
Instarem is a leader in debit card money transfers from Nigeria to Canada. They are the best option of the 5 transfer companies compared.
Credit cards
When it comes to credit card transfers from Nigeria to Canada, Instarem is the top choice of the 5 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada 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 Canada.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
