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Send money from Nigeria to China
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
The best way to send NGN to China is to use cash transfer via Western Union
We’ve analysed 100s of money transfer companies, and found that the overall coverage of NGN/CNY transfers is very limited for online transfers.
This is why we suggest sending cash as an alternative, using Western Union.
The transfer fees depend on which branch you use and how much you send, but overall you can expect to pay around 3 NGN for a 360,000 NGN transfer.
Depending on where you are, we suggest checking Western Union to see what deposit methods you have available.
In many cases you can deposit NGN online and the recipient in China will need to visit a branch to pick up CNY.
How to get the best deal on your Nigeria to China transfer
Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from Nigeria to China.
Choose a provider
Select the provider that offers you the best value & service for transfers between Nigeria and China.
Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to China.
Summary of recent searches
Considerations ahead of sending money from Nigeria to China
Compare providers
A comparison of providers offering services between Nigeria and China, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 3 providers that provide services for sending Naira to China. This ensures you will get the best options for your transfer to China from Nigeria.
Whilst we rate Western Union Agent as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Nigeria to China.
Get ahead of the Naira-Yuan Renminbi exchange rate
Choose the right payment method
Financial regulation in China and Nigeria
Consider transfer limits
Receiving money in China
Have your ID ready
Tax declarations
The cheapest way to send money from Nigeria to China is a cash transfer via MoneyGram.
The cheapest way to send money to China from Nigeria is via a cash transfer through a MoneyGram Agent.
While cash transfers are usually more expensive than online options, our analysis of hundreds of money transfer companies shows that very few services currently support NGN/CNY transfers online.
The total cost of your transfer includes both the transfer fee (around 3 NGN per 360,000 NGN) and an exchange rate markup.
Ultimately, the exact price will depend on your location, payment method, and transfer amount.
The cheapest way to to send money to China from Nigeria is via PayPal P2P Transfer
The coverage of NGN/CNY transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a NGN transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Transferring large sums of money
Of the 3 money transfer companies tested, Western Union Agent is the strongest option for large transfers from Nigeria to China.
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 China can become expensive through your bank or with the wrong provider.
Western Union Agent is our choice for sending large sums of money to NGN because they offer a strong all-round product.
Understanding the cost of sending money to China from Nigeria
The cost of sending money from China to China, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from NGN-CNY is 0.0049 CNY per Naira.
Finding a provider offering an exchange as close to 0.0049 as possible will ensure more Yuan Renminbi received when transferring.
For context, the NGN-CNY mid-market rate for the past week has averaged 0.0049 CNY per Naira. This includes a high of 0.005, and low of 0.0049.
Western Union Agent currently offers the best exchange rate on transfers from Nigeria to China.
For the most part the NGN-CNY exchange rate you receive is the biggest factor impacting the cost of sending NGN to China.
Fees: Outside of exchange rates, you may need to pay a fee to send. Western Union Agent currently offers the lowest fees on transfers to China from Nigeria, costing 3 NGN per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Yuan Renminbi is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Nairas to CNY, paired with a low fee, means a higher total amount received in China.
How to find the best exchange rate for Naira to Yuan Renminbi
Timing is essential for sending money between NGN and CNY. The exchange rate you secure impacts how much CNY you get for your NGN.
Let's dive into some interesting recent trends.
Over the past week, the exchange rate from NGN to CNY has seen some fluctuation. On average, it stood at 0.0049.
During this period, the highest value recorded was 0.005, while the lowest was 0.0049.
Western Union Agent, which is our recommended service to send money online from Nigeria to China offers an exchange rate that is only 5% above the mid-market rate.
Want to secure the best NGN-Yuan Renminbi exchange rates?
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Payment methods available to fund your Nigeria to China transfer
Bank transfers
Bank transfers are often the better option for money transfers from Nigeria to China.
Sending money via a bank transfer with a company such as Western Union Agent for transfers from Nigeria to China allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Western Union Agent is the best provider for bank transfers of the 3 we tested when sending NGN to China.
With a fee of NGN3 to send money from Nigeria to China, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Nigeria to China with a prepaid or a debit card is very simple with Western Union Agent.
Western Union Agent is a leader in card payments for transfers from Nigeria to China, competing among a total of 3 active money transfer companies on this route.
Credit cards
We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.
If you have to, we recommend running a comparison to find the best deal for your transfer.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between China 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 China.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to CNY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
