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Our recommendation: Moneycorp
We tested & reviewed 5 money transfer providers offering money transfers from Nigeria to Germany, and Moneycorp scored highly.
In total, Moneycorp appeared in 44.7% of Nigeria to Germany searches, and was the top rated company supporting transfers between NGN and EUR.
For a great mix of cost, speed & features, we recommend making your Nigeria to Germany transfer using Moneycorp.
How to get the best deal on your Nigeria to Germany money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Nigeria to Germany.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Nigeria and Germany.
- Click, sign up & send
Follow the steps & make your transfer to Germany. Your funds will be sent from Nigeria and converted into Euro.
Summary of recent searches
Get the most from sending money from Nigeria to Germany
Comparing providers offering services between Nigeria and Germany based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire NGN-EUR market and have compared 5 providers offering services between Nigeria and Germany.
This ensures you will get the most comprehensive options for sending Naira to Germany.
Whilst we rate Moneycorp as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Nigeria to Germany transfer needs.
Cheapest way to send money from Nigeria to Germany: 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-EUR exchange rate for international transfers that is 2% different to the mid-market rate.
Securing the best rates on a NGN to Germany 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-EUR, based on data from the past six months.
Fastest company to send money to Germany from Nigeria: Moneycorp.
Through our data, Moneycorp was the quickest way to send money from Nigeria to Euro 44.7% of the time.
Sending money through Moneycorp to Germany from Nigeria has an average fee of 0 NGN.
To understand who was the fastest, we tested Moneycorp as part of 5 money transfer providers. Within this, we looked at the overall speed of sending money from Nigeria to Germany. This was made up of transfer times to Germany after Nairas were added to a money transfer account.
When fast money transfers between Nigeria and Germany are a priority, Moneycorp is our recommended choice.
Transferring large sums of money
Of the 5 money transfer companies tested, Moneycorp is the strongest option for large transfers from Nigeria to Germany.
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 Germany 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 costs involved when transferring money from Nigeria to Germany
When calculating the costs of money transfers between Nigeria and Germany, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the NGN-EUR mid-market rate equals 0.0006 EUR per Naira.
For reference, the NGN-EUR average mid-market rate for the past three months has been 0.0006 EUR per Naira, with a high of 0.0007 and a low of 0.0005.
The company offering the best exchange rate is Moneycorp.
Often the NGN-EUR exchange rate you receive is the bigger factor than how much it costs to send Nairas to Germany.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Moneycorp, averaging 0 NGN over the last 6 months. We would recommend searching for your exact send amount to get an idea of fees.
Amount Received: The amount received in Euro is the biggest indicator the total cost of sending money from Nigeria to Germany. Essentially, the more the recipient receives in Germany, the less it is costing to send from Nigeria.
Track the exchange rate for Naira to Euro
Sending money at the right time between NGN and EUR can make a huge difference to overall cost. The exchange rate impacts how much EUR you get for your NGN.
Over the last six months, the average numbers are:
The exchange rate from NGN to EUR averaged 0.0006 EUR.
The highest value recorded was 0.0007 EUR, while the lowest was 0.0005 EUR.
5 providers currently offer transfers between Nigeria and Germany close to this rate
Want to secure the best NGN-Euro 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 Germany!
Payment options for transfers from Nigeria to Germany
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Nigeria to Germany.
Using a money transfer company such as Moneycorp for payments from Nigeria to Germany, 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.
Moneycorp is the best money transfer provider for bank transfers of the 5 we compared when sending NGN to Germany.With an average fee of 0 NGN to transfer money from Nigeria to Germany, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Nigeria to Germany is easy with Wise.
Wise is a leader in debit card money transfers from Nigeria to Germany. They are the best option of the 5 transfer companies compared.
Credit cards
When it comes to credit card transfers from Nigeria to Germany, is the top choice of the 5 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 Germany 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 Germany.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
