Overall best choice: Western Union
We tested & reviewed dozens of money transfer providers, and Western Union scored highly.
Western Union appeared in 78% of Nigeria to China searches, and was the top rated company out of 4 that support NGN to CNY.
So for a great mix of cost, speed & features, make your Nigeria to China transfer using Western Union.
How to get the best deal on your Nigeria to China transfer
Important things to consider before sending money from Nigeria to China
Don't settle for the first option. Always compare ways to send money from Nigeria to China to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between Nigeria and China.
Through this, you get a comprehensive view of all the options you have in Nigeria when you need to send money to China.
Cheapest way to send money to China from Nigeria: Western Union
Data collected over the past six months shows that Western Union is 0% cheaper than the second-best option.
The ₦0 transfer cost represents the most common fee for NGN to CNY international transfers, based on data from the past six months.
If you want to secure the best rates on a NGN to China transfer, make sure you pick Western Union to send your money online.
*The most common fee applied to NGN-CNY by Western Union, based on data from the past six months.
Fastest way to send money from Nigeria to China: Western Union
Our data shows that Western Union came up as the fastest way to send money from Nigeria to China in 78% of searches. This makes them well suited to urgent NGN to CNY money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Nigeria to China - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Western Union is your best choice at the moment. This service emerged as the quickest way to send money to China from Nigeria in 78% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Western Union.
While Western Union may not always be the cheapest or fastest way to send NGN from Nigeria to China, it’s the provider that will keep you safe and relaxed while your money moves into CNY.
Understanding the costs involved when moving money from Nigeria to China
When calculating the costs of money transfers between Nigeria and China, here's what really matters:
The Mid-Market Rate: Today, the NGN-CNY mid-market rate equals to 0.005548 CNY per Naira.
The NGN-CNY average exchange rate for the past three months has been 0.0084 CNY per Naira, with a high of 0.0094 and a low of 0.0044.
When looking to send money, we'd recommend Western Union. On average Western Union is 2.87% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from NGN to CNY.
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 0.0084.
During this period, the highest value recorded was 0.0094, while the lowest was 0.0044.
Western Union, which is our recommended service to send money online from Nigeria to China offers an exchange rate that is only 2.87% above the mid-market rate.
Want to secure the best NGN-Yuan Renminbi 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 China!
Payment methods available to fund your Nigeria to China transfer
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.
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.