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Send money from Nigeria to India
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
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The best way to send NGN to India is to use cash transfer via Western Union
We’ve analysed 100s of money transfer companies, and found that the overall coverage of NGN/INR transfers is very limited for online transfers.
This is why we suggest sending cash as an alternative, using Western Union.
The transfer fees depend on which branch you use and how much you send, but overall you can expect to pay around 3 NGN for a 360,000 NGN transfer.
Depending on where you are, we suggest checking Western Union to see what deposit methods you have available.
In many cases you can deposit NGN online and the recipient in India will need to visit a branch to pick up INR.
How to compare deals on Nigeria to India money transfers
Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Nigeria to India.
Choose a provider
Select the provider that gives you the best value & service for your needs.
Click, sign up & send
Follow the steps & start your transfer from Nigeria. Your funds will be converted to Indian Rupee and transferred to India.
Summary of recent searches
Understanding Nigeria to India money transfers
Comparing providers
Comparing providers when sending money from Nigeria to India is the easiest way to make a transfer at the best price.
We’ve compared 2 providers for sending Naira to India. This ensures you will get the best options for your transfer to India from Nigeria.
We rate Western Union Agent as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Nigeria to India.
Get ahead of the Naira-Indian Rupee exchange rate
Choosing the right payment method
Financial regulators in Nigeria and India
Consider transfer limits
Receiving money in India
Have your ID ready
Tax declarations
The cheapest way to send money from Nigeria to India is a cash transfer via MoneyGram.
The cheapest way to send money to India from Nigeria is via a cash transfer through a MoneyGram Agent.
While cash transfers are usually more expensive than online options, our analysis of hundreds of money transfer companies shows that very few services currently support NGN/INR transfers online.
The total cost of your transfer includes both the transfer fee (around 3 NGN per 360,000 NGN) and an exchange rate markup.
Ultimately, the exact price will depend on your location, payment method, and transfer amount.
The cheapest way to to send money to India from Nigeria is via PayPal P2P Transfer
The coverage of NGN/INR transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a NGN transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Transferring large sums of money
Of the 2 money transfer companies tested, Western Union Agent is the strongest option for large transfers from Nigeria to India.
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 India can become expensive through your bank or with the wrong provider.
Western Union Agent is our choice for sending large sums of money to NGN because they offer a strong all-round product.
Understanding the costs involved when moving money from Nigeria to India
The total cost of sending money to India from Nigeria is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for NGN-INR is 0.0611 INR per Naira.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Indian Rupee for your Nairas.
The NGN-INR mid-market rate over the last 7 days has seen the Naira worth an average 0.0615 INR. Within this there has been a high of 0.0617, and a low of 0.0614.
From 2 companies compared, Western Union Agent offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting NGN to INR.
Fees: When sending money there may be additional fees. Western Union Agent offers the lowest fee of the 2 providers tested, costing justs 3 NGN per transfer.
Amount Received: When comparing providers, the best measure is the amount of Indian Rupee eventually received in India.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in India, means a better overall cost of sending money from Nigeria.
Track the exchange rate for Naira to Indian Rupee
Sending money at the right time between NGN and INR can make a huge difference to overall cost. The exchange rate impacts how much INR you get for your NGN.
Over the last 7 days, the average numbers are:
The exchange rate from NGN to INR averaged 0.0615 INR.
The highest value recorded was 0.0617 INR, while the lowest was 0.0614 INR.
2 providers currently offer transfers between Nigeria and India close to this rate
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Payment options for transfers from Nigeria to India
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Nigeria to India.
Using a money transfer company such as Western Union Agent for payments from Nigeria to India, 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.
Western Union Agent is the best money transfer provider for bank transfers of the 2 we compared when sending NGN to India.With a fee of 3 NGN to transfer money from Nigeria to India, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Nigeria to India is easy with Western Union Agent.
Western Union Agent is a leader in debit card money transfers from Nigeria to India. They are the best option of the 2 transfer companies compared.
Credit cards
Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.
We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.
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 India 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 India.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to INR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
