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Companies for transfers from Cyprus 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."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"Send money anytime, anywhere with the TalkRemit app. There's zero fees on your first transaction and you're able to send to family and friends in over 40 countries."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Card-to-card transfers can be received in just two minutes."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
Overall best way: Wise
We tested & reviewed 9 transfer providers, and Wise scored highly.
In the last six months, Wise appeared in 50% of Cyprus to Nigeria searches, and was the top rated company supporting payments Cyprus into Naira.
So for a great mix of cost, speed & features, make your Cyprus to Nigeria transfer using Wise.
How to send money from Cyprus to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Naira from Cyprus.
- Choose a provider
Select the provider offering the best way to send to Nigeria based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Naira will soon be on their way to Nigeria.
Summary of recent searches
Considerations for money transfers from Cyprus to Nigeria
Comparing providers offering services between Cyprus and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 9 companies that provide the ability to send Euro to Nigeria.
This ensures you get the best options for transfers to Nigeria from Cyprus, based on the amount you want to send.
Cheapest way to send money to Nigeria from Cyprus: Wise
Data collected through our comparison over the past six months shows that Wise is 2.5% cheaper than the second-best option.
The cost is made up of an average fee of 15.26* EUR and an exchange rate for buying Naira with Euro that is -8.56% different to the mid-market rate.
If you want to secure the best rates on a Cyprus to Nigeria transfer, Wise offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to EUR-NGN by Wise, based on data from the past six months.
Fastest money transfers from Cyprus to Nigeria: Paysend.
Through our comparison, we found Paysend to be the fastest option to transfer money from Cyprus to Naira in 50% of instances.
Over the last six months, sending money from Cyprus to Nigeria through Paysend have an average fee of 0 EUR.
Paysend was one of 9 money transfer providers we compared for overall speed of sending money from Cyprus to Nigeria. This speed test included depositing Euros to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Paysend is our best choice for sending from Cyprus to Nigeria.
Sending a large amount of money?
Of the 9 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from Cyprus to Nigeria, it's a great provider for things like buying or selling property.
Understanding the cost of sending money to Nigeria from Cyprus
The cost of sending money from Nigeria to Nigeria, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from EUR-NGN is 1,612.9334 NGN per Euro.
Finding a provider offering an exchange as close to 1,612.9334 as possible will ensure more Naira received when transferring.
For context, the EUR-NGN mid-market rate for the past three months has averaged 1,751.8272 NGN per Euro. This includes a high of 1,869.6027, and low of 1,443.7715.
Wise currently offers the best exchange rate on transfers from Cyprus to Nigeria.
For the most part the EUR-NGN exchange rate you receive is the biggest factor impacting the cost of sending EUR to Nigeria.
Fees: Outside of exchange rates, you may need to pay a fee to send. Wise currently offers the lowest fees on transfers to Nigeria from Cyprus, averaging 15.26 EUR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Euros to NGN, paired with a low fee, means a higher total amount received in Nigeria.
Finding the best exchange rate between Euro and Naira
Getting a strong exchange rate between EUR and NGN is essential. The exchange rate you secure impacts how much NGN you get for your EUR.
It can pay to track rates, and keep on top of currency trends.
Over the past six months, the mid-market rate from EUR to NGN has averaged 1,751.8272.
In this period there was a high of 1,869.6027, and a low of 1,443.7715.
Wise, which is our recommended service to send money online from Cyprus to Nigeria offers an exchange rate with a mark up of -1.99% above the mid-market rate.
Want to secure the best EUR-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 Cyprus to Nigeria!
Paying for your Cyprus to Nigeria transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Cyprus to Nigeria.
By using a money transfer company such as Wise for transfers from Cyprus to Nigeria, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Wise is the cheapest provider for bank transfers from the 9 we tested when sending EUR to Nigeria.
With an average fee of 15.26 EUR to send money from Cyprus to Nigeria, Wise offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Cyprus to Nigeria with a debit or a prepaid card is easy with Instarem.
Instarem is a one of the better options in the market for international debit card transfers from Cyprus to Nigeria.
Credit cards
For credit card transfers from Cyprus to Nigeria, is our top choice of the 9 companies offering this payment method.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Cyprus.
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 Cyprus to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR 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
