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How to send money to Nigeria from Brazil with the best BRL-NGN rate

Find money transfer deals for sending money from Brazil to Nigeria. Compare the cheapest, fastest, and most reliable providers with the best BRL to NGN exchange rates.

Read on for the best deals, expert information, and easiest ways to send money to Nigeria from Brazil.

Transferring the other way? Send NGN from Nigeria to Brazil instead.
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July 5th, 2025
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Best money transfer companies

Send money from Brazil to Nigeria

Last updated: Today
Mid-market rate as of 07/05/2025: 1 BRL = 282.349536 NGN
Results below are based on a 40000 BRL search
0 of 3 providers
Sponsored
Wise
Recipient gets (NGN)
₦11,181,054.06
Full transfer details
Visit Wise
₦225,892 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Live Rates
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1
Wise
Recipient gets (NGN)
₦11,181,054.06
Full transfer details
Visit Wise
₦225,892 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (NGN)
₦11,258,973.49
Not Recommended
These providers aren't as competitive as the others we've reviewed.
  • HSBC
    HSBC
    Recipient gets (NGN)
    ₦10,924,195.31
    Not recommended
Sponsored
Wise
Recipient gets (NGN)
₦11,181,054.06
Full transfer details
Visit Wise
₦225,892 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
How effectively does your finance team manage international cash flow?

In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.

Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.

Overall best way: Wise

Wise is our recommended company for transferring Brazilian Real to Nigeria.

We tested & reviewed 3 transfer providers, and Wise scored highly.

Sending 40,000 BRL to NGN will cost you R$837.35 in fees, and you will receive 11,181,054.06 NGN. The delivery time is next day, 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.

Wise is the top rated company for sending money from Brazil (BRL) to Nigeria (NGN) - Wise Screenshot

How to compare deals on Brazil to Nigeria money transfers

Summary of recent searches

Top rated for transfers from Brazil to Nigeria
Wise
Total number of BR - NG providers
3
Average cheapest fees & rate
Panda Remit
Average fastest transfer
Panda Remit
Average transfer time
Within minutes
Best for bank transfers
Panda Remit

Understanding Brazil to Nigeria money transfers

1
Comparing providers

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.

2
Get ahead of the Brazilian Real-Naira exchange rate
3
Choosing the right payment method
4
Financial regulators in Brazil and Nigeria
5
Consider transfer limits
6
Receiving money in Nigeria
7
Have your ID ready
8
Tax declarations

Cheapest way to send money to Nigeria from Brazil: Panda Remit

Panda Remit combines the lowest fees with the best exchange rate and from the 3 companies compared offers the cheapest transfers to Nigeria from Brazil.

Data collected through our comparison over the past week shows that Panda Remit is 0.69% 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: Panda Remit.

Of the 3 money transfer companies tested, Panda Remit offered the quickest way to send Brazilian Reals to Nigeria.

Based on our recent data, transfer time for a R$40,000 transfer to Nigeria with Panda Remit is minutes - 24 hours. This can vary by amount and method, but it is a good point of reference.

Sending money from Brazil to Nigeria through Panda Remit will cost you 4 BRL in fees & small markup.

Panda Remit 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, Panda Remit is our best choice for sending from Brazil to Nigeria.

Transferring large sums of money

For transfers of larger amounts of Nairas to Nigeria picking a provider with a competitive exchange rate and hands on management can make a huge difference.

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 282.3495 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 281.9833 NGN. Within this there has been a high of 283.0004, and a low of 280.8672.

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.

Mid-market Rate
1 
=
282.349536 
NGN

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 281.9833.

  • In this period there was a high of 283.0004, and a low of 280.8672.

  • Wise, which is our recommended service to send money online from Brazil to Nigeria offers 285.5030 NGN per BRL which is only -1.11% above the mid-market rate.

Want to secure the best BRL-Naira exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Brazil to Nigeria!

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 .


    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

How much money can be transferred from Brazil to Nigeria?
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Can I send money from Brazil to Nigeria with MoneyTransfers.com?
What are the typical transfer fees for sending Brazilian Reals to Nigeria through various providers?
How long does it take to send money from Brazil to Nigeria?
What is the best exchange rate I can get for sending money from Brazil to Nigeria?
Are there any minimum or maximum transfer amounts for sending money from Brazil to Nigeria?
Can I schedule regular transfers between Brazil and Nigeria?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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