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Overall best way: Payoneer
We tested & reviewed 4 transfer providers, and Payoneer scored highly.
In the last six months, Payoneer appeared in 37.1% of Cameroon to Nigeria searches, and was the top rated company supporting payments Cameroon into Naira.
So for a great mix of cost, speed & features, make your Cameroon to Nigeria transfer using Payoneer.
How to to send from Cameroon to Nigeria in the best way
- Always compare rates
Money transfers to Nigeria should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Cameroon to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your CFA Franc BEAC & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Summary of recent searches
Considerations for money transfers from Cameroon to Nigeria
Comparing providers offering services between Cameroon and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 4 companies that provide the ability to send CFA Franc BEAC to Nigeria.
This ensures you get the best options for transfers to Nigeria from Cameroon, based on the amount you want to send.
Cheapest way to send money to Nigeria from Cameroon: Multipass
Data collected through our comparison over the past six months shows that Multipass is 0.7% cheaper than the second-best option.
The cost is made up of an average fee of 0* XAF and an exchange rate for buying Naira with CFA Franc BEAC that is 0.5% different to the mid-market rate.
If you want to secure the best rates on a Cameroon to Nigeria transfer, Multipass offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to XAF-NGN by Multipass, based on data from the past six months.
Fastest money transfers from Cameroon to Nigeria: Payoneer.
Through our comparison, we found Payoneer to be the fastest option to transfer money from Cameroon to Naira in 58.3% of instances.
Over the last six months, sending money from Cameroon to Nigeria through Payoneer have an average fee of 0 XAF.
Payoneer was one of 4 money transfer providers we compared for overall speed of sending money from Cameroon to Nigeria. This speed test included depositing CFA Franc BEACs to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Payoneer is our best choice for sending from Cameroon to Nigeria.
Sending a large amount of money?
Of the 4 providers compared, Payoneer is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Payoneer may not always be the fastest or cheapest way to send money from Cameroon to Nigeria, it's a great provider for things like buying or selling property.
Understanding the costs involved when transferring money from Cameroon to Nigeria
When calculating the costs of money transfers between Cameroon and Nigeria, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the XAF-NGN mid-market rate equals 2.686 NGN per CFA Franc BEAC.
For reference, the XAF-NGN average mid-market rate for the past three months has been 2.5986 NGN per CFA Franc BEAC, with a high of 2.8486 and a low of 2.095.
The company offering the best exchange rate is Multipass.
Often the XAF-NGN exchange rate you receive is the bigger factor than how much it costs to send CFA Franc BEACs to Nigeria.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Multipass, averaging 0 XAF 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 Naira is the biggest indicator the total cost of sending money from Cameroon to Nigeria. Essentially, the more the recipient receives in Nigeria, the less it is costing to send from Cameroon.
How to get the best exchange rate for CFA Franc BEAC to Naira
Getting the best exchange rate essential for sending money between XAF and NGN. The exchange rate you secure impacts how much NGN you get for your XAF.
Here is how the currency has performed recently.
Over the past six months, the mid-market from XAF to NGN has been 2.5986.
During this period, the highest value was 2.8486, while the lowest was 2.095.
Payoneer, which is our recommended choice to send money online from Cameroon to Nigeria offers an exchange rate that is only 1.5% above the mid-market rate.
Want to secure the best XAF-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 Cameroon to Nigeria!
Payment methods available to fund your Cameroon to Nigeria transfer
Bank transfers
Bank transfers are often the better option for money transfers from Cameroon to Nigeria.
Sending money via a bank transfer with a company such as Multipass for transfers from Cameroon to Nigeria allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Multipass is the best provider for bank transfers of the 4 we tested when sending XAF to Nigeria.
With an average fee of XAF0 to send money from Cameroon to Nigeria, Multipass offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Cameroon to Nigeria with a prepaid or a debit card is very simple with Instarem.
Instarem is a leader in card payments for transfers from Cameroon to Nigeria, competing among a total of 4 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from Cameroon to Nigeria, Instarem emerges as our top choice of the 4 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Cameroon.
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 Cameroon to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XAF to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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