How to send money to Nigeria from China with the best CNY-NGN rate
Find money transfer deals for sending money from China to Nigeria. Compare the cheapest, fastest, and most reliable providers with the best CNY to NGN exchange rates.
Read on for the best deals, expert information, and easiest ways to send money to Nigeria from China.
Transferring the other way? Send NGN from Nigeria to China instead.
"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."
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
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Best recommended: Wise
Of the 2 money transfer providers tested and reviewed, Wise will get you the most NGN (10,401,404.33) based on our 7-day analysis.
Wise appeared in 100% of China to Nigeria searches, and was the top rated company supporting CNY to NGN transfers.
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
Considerations for sending money from China to Nigeria
Always compare ways to send money from China to Nigeria to get the best options for fees, speed, and reliability.
Our analysis included 2 providers that operate between China and Nigeria.
Through this, you get a comprehensive view of all the options you have in China when you need to send money to Nigeria.
Cheapest way to transfer money from China to Nigeria: Wise
Our data shows that Wise is 1.88% cheaper than the second-best option.
The company offers an average fee of 422.05* CNY and an average exchange rate between CNY and NGN that is -2.44% different from the mid-market rate.
For a cheap way to send CNY to Nigeria, Wise is a great all round choice.
*The most common fee applied to CNY-NGN by Wise, based on data from the past 7 days.
Fastest way to send money to Nigeria from China: Wise
Our comparison shows that Wise is the fastest option for sending Yuan Renminbi into Naira 100% of the time.
With Wise, the average transfer time is: within an hour (based on a 7-day average ).
A CNY-Naira transfer through Wise comes with an average 422.05 CNY fee.
This comparison is based on the overall speed of sending 50,000 CNY to Nigeria and is a combination of depositing Yuan Renminbi, transfer times to Nigeria and withdrawal timeframes, where applicable.
When speed is a priority, Wise is the top choice for sending into Nigeria from China.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 2 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Naira to Naira.
As such, opt for Wise for sending large sums of money to Nigeria from China.
Pick the right payment method when sending money to Nigeria from China
When sending money to Nigeria from China, it is important to consider your needs and the payment method you will be using. Some payment methods can be faster but will cost more, while others might have lower fees but get you more NGN.
Below is the data from our search results from the past week. It is based on 元50,000 transfer to Nigeria from China.
Overall best way to send money to Nigeria from China
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 1 times last week) | 209.7990 (-2.44% markup) | 422.05 | 10,401,404.33 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 209.7990 (-2.44% markup) | 422.05 | 10,401,404.33 NGN |
Debit card deposit | (appeared /7 times in the past 7 days) | (% markup) | 0 NGN |
Cheapest money transfer companies to send money to Nigeria from China
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 1 times last week) | 209.7990 (-2.44% markup) | 422.05 | 10,401,404.33 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 209.7990 (-2.44% markup) | 422.05 | 10,401,404.33 NGN |
Debit card deposit | (appeared /7 times in the past 7 days) | (% markup) | 0 NGN |
Money transfer companies with the lowest CNY fees
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Panda Remit (appeared 1 times last week) | 204.1318 (0.3% markup) | 4 | 10,205,775.36 NGN |
Bank transfer deposit | Panda Remit (appeared in 100% of the searches last week) | 204.1318 (0.3% markup) | 4 | 10,205,775.36 NGN |
Debit card deposit | (appeared /7 times in the past 7 days) | (% markup) | 0 NGN |
Fastest money transfer companies to send money to Nigeria from China
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 1 times last week) | 209.7990 (-2.44% markup) | 422.05 | 10,401,404.33 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 209.7990 (-2.44% markup) | 422.05 | 10,401,404.33 NGN |
Debit card deposit | (appeared /7 times in the past 7 days) | (% markup) | 0 NGN |
We recommend avoiding the following companies, as they are the most expensive for transfers from China to Nigeria:
Overall most expensive option: Panda Remit. It will cost you 元4 to send money to Nigeria, and your recipient will get 10,205,775.36 NGN.
Most expensive for bank transfer deposits: Panda Remit. It will cost you 元4 to send money to Nigeria, and your recipient will get 10,205,775.36 NGN.
Most expensive for debit card deposits: . It will cost you 元0 to send money to Nigeria, and your recipient will get 0 NGN.
Understanding the cost of sending money from China to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from China to Nigeria.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Yuan Renminbi. The current CNY-NGN mid-market rate is 205.7976 NGN per Yuan Renminbi.
This rate changes regularly so it can pay to track it. For comparison, the CNY-NGN mid-market rate for the past 7 days has averaged 205.1156 NGN per Yuan Renminbi, with a low of 204.7461 and a high of 205.5836.
Wise is currently offering the best exchange rate from the 2 companies compared.
Often the CNY-NGN exchange rate you pay is the biggest cost factor when transferring Yuan Renminbis to Nigeria.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Yuan Renminbi you’re sending to Nigeria. Wise currently has the lowest fees for transfers into NGN at an average of 422.05 CNY over the last week. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from China. The bigger the amount received in Nigeria, the lower the overall cost of sending from China.
How to find the best exchange rate for Yuan Renminbi to Naira
Timing is essential for sending money between CNY and NGN. The exchange rate you secure impacts how much NGN you get for your CNY.
Let's dive into some interesting recent trends.
In the last 7 days, the exchange rate from CNY to NGN has seen some fluctuation. On average, it stood at 205.1156.
During this period, the highest value recorded was 205.5836, while the lowest was 204.7461.
Wise, which is our recommended service to send money online from China to Nigeria offers an exchange rate that is only -2.44% above the mid-market rate.
Want to secure the best CNY-Naira exchange rates?
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Payment methods for China to Nigeria transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from China to Nigeria.
By opting for a money transfer company such as Wise for transfers from China to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 2 we tested when sending CNY to Nigeria.
With an average fee of CNY422.05 to send money from China to Nigeria, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from China to Nigeria is easy with .
is a market leader in debit card payments for transfers from China to Nigeria, this is among a total of 2 money transfer companies compared.
Credit card transfers
When it comes to credit card transfers from China to Nigeria, we to get the best deal as not many companies offer direct credit card deposits.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
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 and review methodology.
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