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Our recommendation: Payoneer
We tested & reviewed 3 money transfer providers offering money transfers from Nigeria to Cuba, and Payoneer scored highly.
In total, Payoneer appeared in 62.5% of Nigeria to Cuba searches, and was the top rated company supporting transfers between NGN and CUC.
For a great mix of cost, speed & features, we recommend making your Nigeria to Cuba transfer using Payoneer.
Compare for the best deal on your Nigeria to Cuba transfer
- Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Nigeria to Cuba.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for NGN to CUC transfers.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to Cuba.
Summary of recent searches
Considerations ahead of sending money from Nigeria to Cuba
A comparison of providers offering services between Nigeria and Cuba, 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 Cuba. This ensures you will get the best options for your transfer to Cuba from Nigeria.
Whilst we rate Payoneer as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Nigeria to Cuba.
Cheapest way to send money to Cuba from Nigeria: Payoneer
They offer an average fee of 4.08* NGN and exchange rate between NGN-CUC that is 1.5% different to the mid-market rate.
In comparison, Payoneer is 0% cheaper than the second-best option.
To secure affordable and great rates on a NGN to Cuba transfer, Payoneer is our recommended choice.
*The most common fee applied to NGN-CUC by Payoneer, based on data from the past six months.
Fastest way to transfer money to Cuba from Nigeria: Payoneer.
Through our data, we found Payoneer to be the fastest option for sending money from Nigeria into Peso Convertible in 62.5% of occasions. For fast NGN to CUC money transfers, Payoneer comes highly recommended.
Nigeria to Cuba transfers with Payoneer have an average fee of 0 NGN.
To test that Payoneer was the 'fastest' option we compared 3 providers. With this, we compared overall speed of sending money from Nigeria to Cuba made up of depositing Nairas, to a money transfer account and transfer times to Cuba.
When sending at speed is a priority, Payoneer is our recommended choice for sending into Cuba from Nigeria.
Transferring large sums of money
Of the 3 money transfer companies tested, Payoneer is the strongest option for large transfers from Nigeria to Cuba.
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 Cuba can become expensive through your bank or with the wrong provider.
Payoneer is our choice for sending large sums of money to NGN because they offer a strong all-round product.
Understanding the costs involved when transferring money to Cuba from Nigeria
When calculating the cost of sending money from Nigeria to Cuba, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current NGN-CUC mid-market rate is 0.0006 CUC per Naira. Finding a provider as close to this number as possible will ensure more Peso Convertible for your money.
As a comparison, the NGN-CUC mid-market rate for the past three months has averaged 0.0006 CUC per Naira, hitting a high of 0.0007 and a low of 0.0006.
Wise is currently offering the best exchange rate on transfers between Nigeria and Cuba.
Often the NGN-CUC exchange rate you receive will be the biggest factor impacting the cost of sending Naira to Cuba.
Fees: Transfer fees are charged on top of a transfer. Wise currently offers lowest fees, at an average of 4.08 NGN over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Peso Convertible is the biggest indicator in the total cost of sending money to Nigeria from Cuba. The higher the total amount received in Cuba, the lower the cost of sending from Nigeria.
How to find the best exchange rate for Naira to Peso Convertible
Timing is essential for sending money between NGN and CUC. The exchange rate you secure impacts how much CUC you get for your NGN.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from NGN to CUC has seen some fluctuation. On average, it stood at 0.0006.
During this period, the highest value recorded was 0.0007, while the lowest was 0.0006.
Payoneer, which is our recommended service to send money online from Nigeria to Cuba offers an exchange rate that is only 1.2% above the mid-market rate.
Want to secure the best NGN-Peso Convertible 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 Cuba!
Payment options for transfers from Nigeria to Cuba
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Nigeria to Cuba.
Using a money transfer company such as Payoneer for payments from Nigeria to Cuba, 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.
Payoneer is the best money transfer provider for bank transfers of the 3 we compared when sending NGN to Cuba.With an average fee of 0 NGN to transfer money from Nigeria to Cuba, Payoneer offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Nigeria to Cuba is easy with Wise.
Wise is a leader in debit card money transfers from Nigeria to Cuba. They are the best option of the 3 transfer companies compared.
Credit cards
When it comes to credit card transfers from Nigeria to Cuba, Wise is the top choice of the 3 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 Cuba 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 Cuba.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to CUC.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
