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Companies for transfers from China 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."
"Send money to over 40 destinations online and in the mobile app."
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
We tested & reviewed 7 transfer providers, and Wise scored highly.
In the last six months, Wise appeared in 88.7% of China to Nigeria searches, and was the top rated company supporting payments China into Naira.
So for a great mix of cost, speed & features, make your China to Nigeria transfer using Wise.
How to get the best deal on sending money from China to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from China to Nigeria.
- Choose a provider
Select the provider that offers you the best value on buying NGN & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Understanding China to Nigeria money transfers
Comparing providers when sending money from China to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 7 providers for sending Yuan Renminbi to Nigeria. This ensures you will get the best options for your transfer to Nigeria from China.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from China to Nigeria.
Cheapest way to send money to Nigeria from China: Panda Remit
Data collected through our comparison over the past six months shows that Panda Remit is 0% cheaper than the second-best option.
The cost is made up of an average fee of 4* CNY and an exchange rate for buying Naira with Yuan Renminbi that is 0.3% different to the mid-market rate.
If you want to secure the best rates on a China to Nigeria transfer, Panda Remit offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to CNY-NGN by Panda Remit, based on data from the past six months.
Fastest money transfers from China to Nigeria: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from China to Naira in 66.7% of instances.
Over the last six months, sending money from China to Nigeria through Wise have an average fee of 139.74 CNY.
Wise was one of 7 money transfer providers we compared for overall speed of sending money from China to Nigeria. This speed test included depositing Yuan Renminbis 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 China to Nigeria.
Sending large sums of money?
Of the 7 companies tested, Wise is the best rated for larger transfer amounts.
Whether for a property purchase, or as a gift, sending large amounts of money to Nigeria from China can be expensive.
Wise is our choice for big transfers to CNY because of all round price, speed and management when making large transfers.
Understanding the costs involved when transferring money from China to Nigeria
When calculating the costs of money transfers between China and Nigeria, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the CNY-NGN mid-market rate equals 219.9144 NGN per Yuan Renminbi.
For reference, the CNY-NGN average mid-market rate for the past three months has been 217.7022 NGN per Yuan Renminbi, with a high of 232.5352 and a low of 205.5658.
The company offering the best exchange rate is Wise.
Often the CNY-NGN exchange rate you receive is the bigger factor than how much it costs to send Yuan Renminbis to Nigeria.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Panda Remit, averaging 4 CNY 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 China to Nigeria. Essentially, the more the recipient receives in Nigeria, the less it is costing to send from China.
Getting best exchange rate for transfers between Yuan Renminbi and Naira
Timing is essential for transferring money between CNY and NGN. The exchange rate you secure impacts how much NGN you get for your CNY.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from CNY to NGN has moved slightly. On average, it was 217.7022.
During this same period,there was a high of 232.5352, and a low of 205.5658.
Wise, which is our recommended service to send money online from China to Nigeria offers an exchange rate that is only -2.6% above the mid-market rate.
Want to secure the best CNY-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 China to Nigeria!
How to pay for money transfers between China and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from China to Nigeria.
Using a money transfer company such as Panda Remit for transfers from China to Nigeria, will mean being able to send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Panda Remit is the cheapest provider for bank transfers of the 7 we compared for transfers from CNY to Nigeria.
To send money from China to Nigeria, Panda Remit has an average fee of 4 CNY.
Debit cards and prepaid options
Sending money from China to Nigeria with a debit card or a prepaid card is very simple with Wise.
Wise is the cheapest option for sending money with a debit card between China and Nigeria. This is of the 7 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from China to Nigeria, emerges as our top choice of the 7 companies offering this service.
Be aware of fees: 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 China.
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 China to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CNY 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
