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Cheapest ways to send money from Canada to Nigeria
These are the best remittance companies on the market for sending money online to Nigeria from Canada.
All CAD/NGNexchange rates, fees, and remittance companies are updated daily. Data verified via the MoneyTransfers.com comparison engine and live feeds from money transfer companies.
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Card-to-card transfers can be received in just two minutes."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Sendwave is trusted by over 1 million users across the US, UK, Canada and EU. 24/7 support is available online and via the app."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
HSBCRecipient gets (NGN)₦9,955,047.87Not recommended
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
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.
What is the best way to send money to Nigeria from Canada?
We’ve compared 9 money transfer companies for CAD/NGN transfers.
Paysend is currently the cheapest and the best overall option. It offers the best CAD/NGN exchange rate (1 CAD = 998.6521 NGN) and the lowest fees of 0 CAD.
For a 10,000 CAD transfer, you will receive 9,986,521.5 NGN with Paysend.
If you need money quickly, Paysend is the fastest way to send Canadian Dollars to Nigeria.
It will cost you 0 CAD, and NGN will arrive in minutes - 24 hours.
If you didn’t find what you were looking for or have any questions, send us a quick message using the chat below or to our email contact@moneytransfers.com.
Latest CAD to NGN exchange rates
Exchange rates constantly change, so it’s very important to keep an eye on the current CAD/NGN mid-market rate.
This way, you will be able to get the most Nairas per Canadian Dollar.
Here are the latest CAD/NGN conversion rates for the most popular transfer amounts.
| CAD | NGN Price |
|---|---|
| 1 CAD | 1030.05 |
| 5 CAD | 5150.24 |
| 10 CAD | 10300.49 |
| 25 CAD | 25751.21 |
| 50 CAD | 51502.43 |
| 100 CAD | 103004.85 |
| 150 CAD | 154507.28 |
| 200 CAD | 206009.71 |
| 250 CAD | 257512.13 |
| 300 CAD | 309014.56 |
| 400 CAD | 412019.42 |
| 500 CAD | 515024.27 |
| 600 CAD | 618029.12 |
| 700 CAD | 721033.98 |
| 800 CAD | 824038.83 |
| 1000 CAD | 1030048.54 |
| 1500 CAD | 1545072.81 |
| 2000 CAD | 2060097.08 |
| 2500 CAD | 2575121.35 |
| 3000 CAD | 3090145.61 |
| 4000 CAD | 4120194.15 |
| 5000 CAD | 5150242.69 |
| 10000 CAD | 10300485.38 |
| 15000 CAD | 15450728.07 |
| 20000 CAD | 20600970.76 |
| 30000 CAD | 30901456.14 |
| 40000 CAD | 41201941.52 |
| 50000 CAD | 51502426.90 |
| 100000 CAD | 103004853.80 |
| NGN | CAD Price |
|---|---|
| 1 NGN | 0.00 |
| 5 NGN | 0.00 |
| 10 NGN | 0.01 |
| 25 NGN | 0.02 |
| 50 NGN | 0.05 |
| 100 NGN | 0.10 |
| 150 NGN | 0.15 |
| 200 NGN | 0.19 |
| 250 NGN | 0.24 |
| 300 NGN | 0.29 |
| 400 NGN | 0.39 |
| 500 NGN | 0.49 |
| 600 NGN | 0.58 |
| 700 NGN | 0.68 |
| 800 NGN | 0.78 |
| 1000 NGN | 0.97 |
| 1500 NGN | 1.46 |
| 2000 NGN | 1.94 |
| 2500 NGN | 2.43 |
| 3000 NGN | 2.91 |
| 4000 NGN | 3.88 |
| 5000 NGN | 4.85 |
| 10000 NGN | 9.71 |
| 15000 NGN | 14.56 |
| 20000 NGN | 19.42 |
| 30000 NGN | 29.13 |
| 40000 NGN | 38.84 |
| 50000 NGN | 48.55 |
| 100000 NGN | 97.10 |
*Based on the mid-market rates (also known as the interbank rates or the "real" exchange rates). The actual rate offered during the transfer may vary depending on the FX markup added by the money transfer companies.
Everything you need to know about sending CAD to NGN
How to send money from Canada to Nigeria
Sending money to Nigeria from Canada is quick and easy, and usually takes less than 10 minutes from start to finish.
Follow these steps to get started:
Pick the company - Pick the best money transfer company for your needs (we suggest Paysend as it’s the cheapest) and click Visit Now*.
Register and verify your account - This will require submitting your details, and you will need to provide an ID or a passport from Canada.
Start the transfer - Once all verified, start the transfer, fill in the amount, and your recipient's details. This will include personal details and Nigeria bank account details (where they will receive Nairas).
Add payment details - Next, add your funding details. We suggest using a Bank transfer as it’s the cheapest deposit method for CAD/NGN transfers.
Verify and hit “Send” - Once all is done, scan through the details to make sure everything is correct and click the “Send” button. Your CAD will convert to NGN and land in Nigeria bank account.
*We may receive a small commission when you click “Visit” links on our website. This does not influence the order of the remittance companies.
How to send money from Canada to Nigeria through a bank?
What is the cheapest way to send money to Nigeria from Canada?
The cheapest way to send money from Canada to Nigeria is with Paysend.
Paysend adds 3.09% to the interbank rate and charges 0 CAD for a 10,000 NGN transfer. This means you will receive 9,986,521.5 NGN.
In addition, we suggest using a bank transfer to deposit your funds. Based on our CAD/NGN comparison, it is the cheapest payment method.
If you want to send more or less CAD to Nigeria, use our comparison form and update the amount field.
What is the fastest way to transfer money from Canada to Nigeria?
The fastest way to send CAD to Nigeria is with Paysend.
Most money transfers between Canada and Nigeria will take minutes - 24 hours to arrive.
However, if you are sending a large amount of money (think 10,000+ CAD), it may take slightly longer depending on your bank.
Some banks may run additional checks, so if you are expecting to send or receive large amounts of money, we suggest contacting your bank in advance.
The best apps to send CAD to Nigeria from Canada
Most money transfer companies have apps you can use to send money abroad.
We've compared and analyzed over 9 apps & companies for CAD/NGN transfers and these are the best apps we found. All these apps are available on iOS and Android for free.
App | Rating | Mobile wallet |
|---|---|---|
iOS: 4.8 / 578 reviews Android: 4.7 / 12.3K reviews | Yes (4 currencies) | |
iOS: 4.9 / 2.3M reviews Android: 4.8 / 1.29M reviews | Yes (Remitly One) | |
iOS: 4.7 / 73.2K reviews Android: 4.7 / 117K reviews | No | |
iOS: 4.8 / 158K reviews Android: 4.8 / 1.52M reviews | Yes (40+ currencies) | |
iOS: 4.7 / 99.8K reviews Android: 4.7 / 229K reviews | No | |
iOS: 4.8 / 108.4K reviews Android: 4.8 / 346K reviews | No |
How to get the best exchange rate for your money transfers from Canada to Nigeria?
Keeping an eye on the exchange rate is extremely important, a small change in the interbank rate can get you over 100s NGN more per transfer from Canada.
Our comparison above already shows you the best exchange rates on the market for sending money from Canada to Nigeria.
To get an even better exchange rate, we recommend creating a free account on MoneyTransfers.com and saving this search, as well as setting up CAD/NGN exchange rate alerts.
This will let you quickly access this search in your dashboard, and you will receive email notifications when the rate changes.
Want to secure the best CAD-Naira exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to send your money from Canada to Nigeria!
What is the best payment method for CAD/NGN transfers?
bank transfer is the best deposit method to use when sending Canadian Dollars to Nigeria.
After analyzing 9 remittance companies accepting CAD/NGN, we found that it is the most cost-efficient option.
As a general rule of thumb, bank transfers are usually the cheapest, debit cards are most convenient but slightly more expensive, while credit cards are the most expensive (due to cash advance fees).
What is the best withdrawal method when sending money from Canada to Nigeria?
A bank account is the most popular and convenient way to receive Nigeria from Canada.
There’s nothing for your recipient to do, Nigeria will land directly into their account. This usually takes minutes, but can take up to 3 days depending on the amount.
Mobile wallets and multi-currency accounts are also popular and very convenient options for receiving money in Nigeria from Canada.
If you need money urgently, we recommend cash pickup via Western Union or MoneyGram. You will deposit CAD online or in-store, and NGN will be available as cash for pickup within minutes.
Our methodology
We’ve compared and analyzed 9 money transfer companies that support money transfers from Canada to Nigeria.
First of all, every single remittance provider on the list is regulated, legit, and safe to send money abroad.
When testing CAD/NGN transfer specialists, we’ve rated each company on a scale of 1-10 based on the following categories:
Fees & rates
Transfer speed
Safety & trust
Product offering
Transfer limits
Ease of use
Customer feedback
In addition, each company goes through an unbiased editorial process, where we look for a comprehensive list of flaws and benefits.
To ensure this page remains up to date, we use our first-party data from our comparison engine and merge it with the live data feeds and API from the remittance companies.
This page updates daily with the latest rates and fees.
If you want to know more about our methodology and standards, check these guides:
If you want to see the full money transfer companies list, check out our company reviews page.
