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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June 16th, 2025
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Best Money Transfer Companies

Send money from China to Nigeria

Last updated: Today
Mid-market rate as of 06/16/2025: 1 CNY = 215.20122 NGN
Results below are based on a 51321 CNY search
0 of 2 providers
Sponsored
Wise
Recipient gets (NGN)
₦11,153,818.42
Full transfer details
Visit Wise
₦440,807 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Live Rates
Sort by:
1
Wise
Recipient gets (NGN)
₦11,153,818.42
Full transfer details
Visit Wise
₦440,807 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (NGN)
₦11,010,350.56
Sponsored
Wise
Recipient gets (NGN)
₦11,153,818.42
Full transfer details
Visit Wise
₦440,807 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
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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

Wise is our top pick for sending Yuan Renminbi to Nigeria.

Of the 2 money transfer providers tested and reviewed, Wise will get you the most NGN (11,153,818.42) 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.

Wise is the top rated company for sending money from China (CNY) to Nigeria (NGN) - Wise Screenshot

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
Wise
Total number of CN - NG providers
2
Average cheapest fees & rate
Wise
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Wise

Considerations for sending money from China to Nigeria

1
Compare providers

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.

2
Track the Yuan Renminbi-Naira exchange rate
3
Choose the right payment method
4
Use regulated providers
5
Consider transfer limits
6
How to receive money in Nigeria
7
Have your ID ready
8
Don't forget about taxes

Cheapest way to transfer money from China to Nigeria: Wise

Wise offers the lowest cost transfers between China and Nigeria out of the 2 providers compared.

Our data shows that Wise is 1.46% cheaper than the second-best option.

The company offers an average fee of 440.97* CNY and an average exchange rate between CNY and NGN that is -2.02% 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.

Wise is the cheapest way to send money from China (CNY) to Nigeria (NGN) - Wise Screenshot

Fastest way to send money to Nigeria from China: Wise

We compared 2 companies and found Wise offers the fastest money transfers between China and Nigeria.

Our comparison shows that Wise is the fastest option for sending Yuan Renminbi into Naira 85.7% of the time.

With Wise, the average transfer time is: within minutes (based on a 7-day average ).

A CNY-Naira transfer through Wise comes with an average 440.97 CNY fee.

This comparison is based on the overall speed of sending 51,321 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.

Wise is the fastest way to send money from China (CNY) to Nigeria (NGN) - Wise Screenshot

Send large sums of money

Transferring bigger amounts of money from China to Nigeria should be done with the exchange rate and management of the service in mind.

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51,321 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 7 times last week)

219.2180 (-2.02% markup)

440.97

11,153,818.42 NGN

Bank transfer deposit

Wise (appeared in 100% of the searches last week)

219.2180 (-2.02% markup)

440.97

11,153,818.42 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 7 times last week)

219.2180 (-2.02% markup)

440.97

11,153,818.42 NGN

Bank transfer deposit

Wise (appeared in 100% of the searches last week)

219.2180 (-2.02% markup)

440.97

11,153,818.42 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 7 times last week)

214.5556 (0.3% markup)

4

11,010,350.56 NGN

Bank transfer deposit

Panda Remit (appeared in 100% of the searches last week)

214.5556 (0.3% markup)

4

11,010,350.56 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 6 times last week)

219.2180 (-2.02% markup)

440.97

11,153,818.42 NGN

Bank transfer deposit

Wise (appeared in 85.7% of the searches last week)

219.2180 (-2.02% markup)

440.97

11,153,818.42 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 11,010,350.56 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 11,010,350.56 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 215.3211 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 215.0714 NGN per Yuan Renminbi, with a low of 213.3848 and a high of 217.0206.

  • 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 440.97 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.

Mid-market Rate
1 
=
215.322616 
NGN

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 215.0714.

  • During this period, the highest value recorded was 217.0206, while the lowest was 213.3848.

  • Wise, which is our recommended service to send money online from China to Nigeria offers an exchange rate that is only -2.02% 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!

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 CNY440.97 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 recommend running a quick comparison 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 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.
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