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Send money from Brazil to Nigeria
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
HSBCRecipient gets (NGN)₦10,703,593.91Not recommended
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Overall best way: Wise
We tested & reviewed 3 transfer providers, and Wise scored highly.
Sending 40,000 BRL to NGN will cost you R$1745.47 in fees, and you will receive 10,599,144.37 NGN. The delivery time is within minutes, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your Brazil to Nigeria transfer using Wise.
How to compare deals on Brazil to Nigeria 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 Brazil to Nigeria.
- 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 Brazil. Your funds will be converted to Naira and transferred to Nigeria.
Summary of recent searches
Understanding Brazil to Nigeria money transfers
Comparing providers when sending money from Brazil to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 3 providers for sending Brazilian Real to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Brazil.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Brazil to Nigeria.
Cheapest way to send money to Nigeria from Brazil: Panda Remit
Data collected through our comparison over the past week shows that Panda Remit is 1.55% cheaper than the second-best option.
The cost is made up of a fee of 4 BRL and an exchange rate for buying Naira with Brazilian Real that is 0.3% different to the mid-market rate.
If you want to secure the best rates on a Brazil to Nigeria transfer, Panda Remit offers value. We would still recommend searching for the amount you want to send to Nigeria.
Fastest money transfers from Brazil to Nigeria: Wise.
Based on our recent data, transfer time for a R$40,000 transfer to Nigeria with Wise is within minutes. This can vary by amount and method, but it is a good point of reference.
Sending money from Brazil to Nigeria through Wise will cost you 1745.47 BRL in fees & small markup.
Wise was one of 3 money transfer providers we compared for overall speed of sending money from Brazil to Nigeria. This speed test included depositing Brazilian Reals to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Wise is our best choice for sending from Brazil to Nigeria.
Transferring large sums of money
Of the 3 money transfer companies tested, Wise is the strongest option for large transfers from Brazil to Nigeria.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from Brazil to Nigeria can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to BRL because they offer a strong all-round product.
Understanding the cost of money transfers to Nigeria from Brazil
The total cost of sending money to Nigeria from Brazil is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for BRL-NGN is 275.4525 NGN per Brazilian Real.
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 Naira for your Brazilian Reals.
The BRL-NGN mid-market rate over the last 7 days has seen the Brazilian Real worth an average 274.9243 NGN. Within this there has been a high of 276.6478, and a low of 274.145.
From 3 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting BRL to NGN.
Fees: When sending money there may be additional fees. Panda Remit offers the lowest fee of the 3 providers tested, costing 4 BRL per transfer (based on R$40,000 transferred).
Amount Received: When comparing providers, the best measure is the amount of Naira eventually received in Nigeria.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Nigeria, means a better overall cost of sending money from Brazil.
Finding the best exchange rate between Brazilian Real and Naira
Getting a strong exchange rate between BRL and NGN is essential. The exchange rate you secure impacts how much NGN you get for your BRL.
It can pay to track rates, and keep on top of currency trends.
In the past 7 days, the mid-market rate from BRL to NGN has averaged 274.9243.
In this period there was a high of 276.6478, and a low of 274.145.
Wise, which is our recommended service to send money online from Brazil to Nigeria offers 277.0690 NGN per BRL which is only -0.15% above the mid-market rate.
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Paying for your Brazil to Nigeria transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Brazil to Nigeria.
By using a money transfer company such as Panda Remit for transfers from Brazil to Nigeria, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Panda Remit is the cheapest provider for bank transfers from the 3 we tested when sending BRL to Nigeria.
With a fee of 4 BRL to send money from Brazil to Nigeria, Panda Remit offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Brazil to Nigeria with a debit or a prepaid card is easy with Paysend.
Paysend is a one of the better options in the market for international debit card transfers from Brazil to Nigeria.
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.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Brazil.
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 Brazil to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BRL to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
