How to send money to France from Nigeria with the best NGN-EUR rate

The exchange rate determines the price you’ll pay for Euro when you send Naira to France.

The current exchange rate between the Naira and Euro is 0.0006. Afriex offers the best exchange.

The NGN-EUR exchange rate is always moving.

It’s possible that waiting a day or two can help you get more EUR for the same amount of Naira. But, the best way to lock in a price between Nigeria and France is by using a forward contract.

A bank transfer is our recommended option for money transfers between Nigeria and France. Afriex offers the best price on a bank transfer.

A bank transfer to France through Afriex is 0.2% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both Nigeria and France to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Nigeria and France.

Some services have minimum or maximum thresholds on how much you can transfer from Nigeria to France.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Western Union Agent if you need to send large amounts of NGN to France. The combination of rates and fees when sending to France is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Nigeria, or entering France. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in France. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Nigeria to France will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Nigeria into Euro. Western Union Agent is the best company for bank transfers between Nigeria and France.

And if you need cash right away, check if cash pickup is an option for transfers between Nigeria and France.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Afriex.

When signing up to a money transfer company to send between Nigeria and France, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Nigeria this will be a government ID like a passport or driver's license. In France it will be a similar set of documents, although this should only be needed if you are opening a new account in France, or collecting in cash.

Big transactions between Nigeria and France, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Western Union Agent in part due to their easy sign up process in Nigeria.

When sending large amounts of money between Nigeria and France there will be tax implications to consider.

Some transfers into Euro may need to be reported to tax authorities in France, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in France based on age, income and a few other elements. When in doubt, please contact a tax professional in Nigeria or France to discuss your personal circumstances.