MoneyTransfers

Compare ways to send money from China to Nigeria

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.
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Overall best way: Panda Remit

Panda Remit is our recommended company for transferring Yuan Renminbi to Nigeria.

We tested & reviewed 6 transfer providers, and Panda Remit scored highly.

In the last six months, Panda Remit appeared in 74.4% 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 Panda Remit.

How to get the best deal on sending money from China to Nigeria

Summary of recent searches

Top rated for transfers from China to Nigeria
Panda Remit
Total number of CN - NG providers
6
Average cheapest fees & rate
Panda Remit
Average fastest transfer
Panda Remit
Average transfer time
Within minutes
Best for bank transfers
Panda Remit
Best for debit card
Instarem

Understanding China to Nigeria money transfers

1
Comparing providers

Comparing providers when sending money from China to Nigeria is the easiest way to make a transfer at the best price.

We’ve compared 6 providers for sending Yuan Renminbi to Nigeria. This ensures you will get the best options for your transfer to Nigeria from China.

We rate Panda Remit as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from China to Nigeria.

2
Get ahead of the Yuan Renminbi-Naira exchange rate
3
Choosing the right payment method
4
Financial regulators in China and Nigeria
5
Consider transfer limits
6
Receiving money in Nigeria
7
Have your ID ready
8
Tax declarations

Cheapest way to send money to Nigeria from China: Panda Remit

Panda Remit combines the lowest fees with the best exchange rate and from the 6 companies compared offers the cheapest transfers to Nigeria from China.

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: Panda Remit.

Of the 6 money transfer companies tested, Panda Remit offered the quickest way to send Yuan Renminbis to Nigeria.

Through our comparison, we found Panda Remit to be the fastest option to transfer money from China to Naira in 78.2% of instances.

Over the last six months, sending money from China to Nigeria through Panda Remit have an average fee of 4 CNY.

Panda Remit was one of 6 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, Panda Remit is our best choice for sending from China to Nigeria.

Sending large sums of money?

For transferring a bigger sum of money to Nigeria from China, we’d recommend using a provider that can offer a hands-on approach.

Of the
6 companies tested, Panda Remit 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.

Panda Remit 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 231.0524 NGN per Yuan Renminbi.

  • For reference, the CNY-NGN average mid-market rate for the past three months has been 228.6872 NGN per Yuan Renminbi, with a high of 238.2556 and a low of 197.172.

  • The company offering the best exchange rate is Panda Remit.

  • 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.

Mid-market Rate
1
= 231.052401 NGN

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 228.6872.

  • During this same period,there was a high of 238.2556, and a low of 197.172.

  • Panda Remit, which is our recommended service to send money online from China to Nigeria offers an exchange rate that is only 0.3% 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 6 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 Instarem.


    Instarem is the cheapest option for sending money with a debit card between China and Nigeria. This is of the 6 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 6 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

How much money can be transferred from China to Nigeria?
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Can I send money from China to Nigeria with MoneyTransfers.com?
What are the typical transfer fees for sending Yuan Renminbis to Nigeria through various providers?
How long does it take to send money from China to Nigeria?
What is the best exchange rate I can get for sending money from China to Nigeria?
Are there any minimum or maximum transfer amounts for sending money from China to Nigeria?
Can I schedule regular transfers between China and Nigeria?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.