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How to send money from Nigeria to China

Compare the best ways to send money from Nigeria to China. Find the cheapest, fastest, and most reliable providers with the best NGN to CNY exchange rates.

Explore the best deals, read expert information, and discover all you need to send money to China from Nigeria.

Transferring the other way? Send CNY from China to Nigeria instead.
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Overall top choice: Airwallex

Airwallex is the best way to transfer Naira into Yuan Renminbi.

Of the 7 money transfer providers we tested and reviewed, Airwallex was a standout option for its combination of speed and cost.

Over the last six months, Airwallex appeared in 41.4% of searches for transfers between Nigeria and China.

When sending money from Nigeria to China, using Airwallex in a great option.

How to get the best deal on your Nigeria to China transfer

Summary of recent searches

Top rated for transfers from Nigeria to China
Airwallex
Total number of NG - CN providers
7
Average cheapest fees & rate
Airwallex
Average fastest transfer
Airwallex
Average transfer time
Within minutes
Best for bank transfers
Airwallex
Best for debit card
Wise

Considerations ahead of sending money from Nigeria to China

1
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 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 Airwallex as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Nigeria to China.

2
Get ahead of the Naira-Yuan Renminbi exchange rate
3
Choose the right payment method
4
Financial regulation in China and Nigeria
5
Consider transfer limits
6
Receiving money in China
7
Have your ID ready
8
Tax declarations

Cheapest way to send money from Nigeria to China: Airwallex

The combination of the lowest fees and best exchange rate is through Airwallex. This makes them our cheapest transfer service of the 7 compared for sending Naira to China.

Our data shows, over the past six months, that Airwallex is 0.5% 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 0.15% different to the mid-market rate.

Securing the best rates on a NGN to China transfer can be done with Airwallex but you can always search for your specific amount.

*The most common fee applied by Airwallex when sending NGN-CNY, based on data from the past six months.

Fastest way to transfer money to China from Nigeria: Airwallex.

We tested 7 companies offering transfers from Nigeria to China and Airwallex offered the quickest option.

Airwallex was the quickest way to send Naira to Yuan Renminbi in 44.8% of searches. For fast transfers between NGN and CNY, Airwallex comes highly recommended.

When using Airwallex 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, Airwallex is our recommended choice.

Transferring large sums of money

For transfers of larger amounts of Yuan Renminbis to China picking a provider with a competitive exchange rate and hands on management can make a huge difference.

Of the
7 money transfer companies tested, Airwallex 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.

Airwallex 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 0.0043 CNY per Naira.

  • Finding a provider offering an exchange as close to 0.0043 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.

  • Revolut 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. Airwallex 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.

Mid-market Rate
1
= 0.004338 CNY

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.

  • Airwallex, which is our recommended service to send money online from Nigeria to China offers an exchange rate that is only 0.17% 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 Airwallex 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, Airwallex 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, Airwallex 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

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How long does it take to send money from Nigeria to China?
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Are there any minimum or maximum transfer amounts for sending money from Nigeria to China?
Can I schedule regular transfers between Nigeria and China?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.