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Overall best choice: WorldRemit
We tested & reviewed dozens of money transfer providers, and WorldRemit scored highly.
WorldRemit appeared in 47% of Canada to Nigeria searches, and was the top rated company out of 5 that support CAD to NGN.
So for a great mix of cost, speed & features, make your Canada to Nigeria transfer using WorldRemit.
How to get the best deal on your Canada to Nigeria transfer
Summary of recent searches
Important things to consider before sending money from Canada to Nigeria
Don't settle for the first option. Always compare ways to send money from Canada to Nigeria to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between Canada and Nigeria.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Nigeria.
Cheapest way to send money to Nigeria from Canada: Remitly
Data collected over the past six months shows that Remitly is 0% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for CAD to NGN international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Nigeria transfer, make sure you pick Remitly to send your money online.
*The most common fee applied to CAD-NGN by Remitly, based on data from the past six months.
Fastest way to send money from Canada to Nigeria: WorldRemit
Our data shows that WorldRemit came up as the fastest way to send money from Canada to Nigeria in 51.7% of searches. This makes them well suited to urgent CAD to NGN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Nigeria - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, WorldRemit is your best choice at the moment. This service emerged as the quickest way to send money to Nigeria from Canada in 51.7% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is WorldRemit.
While WorldRemit may not always be the cheapest or fastest way to send CAD from Canada to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.
Understanding the costs involved when moving money from Canada to Nigeria
When calculating the costs of money transfers between Canada and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the CAD-NGN mid-market rate equals to 1003.831641 NGN per Canadian Dollar.
The CAD-NGN average exchange rate for the past three months has been 785.4729 NGN per Canadian Dollar, with a high of 1194.4396 and a low of 580.1808.
When looking to send money, we'd recommend WorldRemit. On average WorldRemit is -20.27% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to NGN.
How to find the best exchange rate for Canadian Dollar to Naira
Timing is essential for sending money between CAD and NGN. The exchange rate you secure impacts how much NGN you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to NGN has seen some fluctuation. On average, it stood at 785.4729.
During this period, the highest value recorded was 1194.4396, while the lowest was 580.1808.
WorldRemit, which is our recommended service to send money online from Canada to Nigeria offers an exchange rate that is only -20.27% above the mid-market rate.
Want to secure the best CAD-Naira exchange rates?
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Payment methods available to fund your Canada to Nigeria transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Nigeria.
By using a money transfer company such as Remitly for transfers from Canada to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Remitly is the cheapest provider for bank transfers from the 5 we tested when sending CAD to Nigeria.
With an average fee of CAD to send money from Canada to Nigeria, Remitly offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Nigeria with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Canada to Nigeria, competing among a total of 5 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Canada to Nigeria, Instarem emerges as our top choice of the 5 companies offering this service.
Fee alert: using a credit card to transfer money 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 Nigeria and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Canada to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD 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
