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Overall best way: Payoneer
We tested & reviewed 3 transfer providers, and Payoneer scored highly.
In the last six months, Payoneer appeared in 53.5% of Cuba to Nigeria searches, and was the top rated company supporting payments Cuba into Naira.
So for a great mix of cost, speed & features, make your Cuba to Nigeria transfer using Payoneer.
How to to send from Cuba to Nigeria in the best way
- Always compare rates
Money transfers to Nigeria should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Cuba to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your Peso Convertible & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Summary of recent searches
Understanding Cuba to Nigeria money transfers
Comparing providers when sending money from Cuba to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 3 providers for sending Peso Convertible to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Cuba.
We rate Payoneer as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Cuba to Nigeria.
Cheapest way to send money to Nigeria from Cuba: Sokin
Data collected through our comparison over the past six months shows that Sokin is 0.6% cheaper than the second-best option.
The cost is made up of an average fee of 0* CUC and an exchange rate for buying Naira with Peso Convertible that is 0.5% different to the mid-market rate.
If you want to secure the best rates on a Cuba to Nigeria transfer, Sokin offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to CUC-NGN by Sokin, based on data from the past six months.
Fastest money transfers from Cuba to Nigeria: Payoneer.
Through our comparison, we found Payoneer to be the fastest option to transfer money from Cuba to Naira in 50.6% of instances.
Over the last six months, sending money from Cuba to Nigeria through Payoneer have an average fee of 0 CUC.
Payoneer was one of 3 money transfer providers we compared for overall speed of sending money from Cuba to Nigeria. This speed test included depositing Peso Convertibles to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Payoneer is our best choice for sending from Cuba to Nigeria.
Sending large sums of money?
Of the 3 companies tested, Payoneer 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 Cuba can be expensive.
Payoneer is our choice for big transfers to CUC because of all round price, speed and management when making large transfers.
Understanding the costs involved when transferring money from Cuba to Nigeria
When calculating the costs of money transfers between Cuba and Nigeria, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the CUC-NGN mid-market rate equals 1,672.22 NGN per Peso Convertible.
For reference, the CUC-NGN average mid-market rate for the past three months has been 1,538.0836 NGN per Peso Convertible, with a high of 1,673.3397 and a low of 1,306.2197.
The company offering the best exchange rate is Sokin.
Often the CUC-NGN exchange rate you receive is the bigger factor than how much it costs to send Peso Convertibles to Nigeria.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Sokin, averaging 0 CUC 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 Cuba to Nigeria. Essentially, the more the recipient receives in Nigeria, the less it is costing to send from Cuba.
Track the exchange rate for Peso Convertible to Naira
Sending money at the right time between CUC and NGN can make a huge difference to overall cost. The exchange rate impacts how much NGN you get for your CUC.
Over the last six months, the average numbers are:
The exchange rate from CUC to NGN averaged 1,538.0836 NGN.
The highest value recorded was 1,673.3397 NGN, while the lowest was 1,306.2197 NGN.
3 providers currently offer transfers between Cuba and Nigeria close to this rate
Want to secure the best CUC-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 Cuba to Nigeria!
How to pay for money transfers between Cuba and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Cuba to Nigeria.
Using a money transfer company such as Sokin for transfers from Cuba 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, Sokin is the cheapest provider for bank transfers of the 3 we compared for transfers from CUC to Nigeria.
To send money from Cuba to Nigeria, Sokin has an average fee of 0 CUC.
Debit cards and prepaid options
Sending money from Cuba 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 Cuba and Nigeria. This is of the 3 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Cuba to Nigeria, Instarem emerges as our top choice of the 3 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 Cuba.
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 Cuba to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CUC 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
