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Overall top choice: Moneycorp
Of the 7 money transfer providers we tested and reviewed, Moneycorp was a standout option for its combination of speed and cost.
Over the last six months, Moneycorp appeared in 66.7% of searches for transfers between Nigeria and China.
When sending money from Nigeria to China, using Moneycorp in a great option.
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
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 7 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 Moneycorp as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Nigeria to China.
Cheapest way to send money from Nigeria to China: Moneycorp
Our data shows, over the past six months, that Moneycorp is 0% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 0* NGN and a NGN-CNY exchange rate for international transfers that is 2% different to the mid-market rate.
Securing the best rates on a NGN to China transfer can be done with Moneycorp but you can always search for your specific amount.
*The most common fee applied by Moneycorp when sending NGN-CNY, based on data from the past six months.
Fastest way to transfer money to China from Nigeria: Moneycorp.
Moneycorp was the quickest way to send Naira to Yuan Renminbi in 66.7% of searches. For fast transfers between NGN and CNY, Moneycorp comes highly recommended.
When using Moneycorp to send money from Nigeria to China you can expect an average fee of 0 NGN. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 7 money transfer providers. To test overall speed of sending money from Nigeria to China we included the timeframe for depositing Naira to a money transfer account and average transfer times to China.
When sending money to China from Nigeria quickly is a priority, Moneycorp is our recommended choice.
Transferring large sums of money
Of the 7 money transfer companies tested, Moneycorp 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.
Moneycorp 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 0.0047 CNY per Naira.
Finding a provider offering an exchange as close to 0.0047 as possible will ensure more Yuan Renminbi received when transferring.
For context, the NGN-CNY mid-market rate for the past three months has averaged 0.0045 CNY per Naira. This includes a high of 0.0052, and low of 0.0043.
Payoneer 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. Moneycorp currently offers the lowest fees on transfers to China from Nigeria, averaging 0 NGN over the last 6 months. 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 six months, the exchange rate from NGN to CNY has seen some fluctuation. On average, it stood at 0.0045.
During this period, the highest value recorded was 0.0052, while the lowest was 0.0043.
Moneycorp, which is our recommended service to send money online from Nigeria to China offers an exchange rate that is only 2% 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 Moneycorp 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, Moneycorp is the best provider for bank transfers of the 7 we tested when sending NGN to China.
With an average fee of NGN0 to send money from Nigeria to China, Moneycorp 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 Wise.
Wise is a leader in card payments for transfers from Nigeria to China, competing among a total of 7 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from Nigeria to China, emerges as our top choice of the 7 companies offering this service.
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 document.
Money transfer company reviews
