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Overall best way: Moneycorp
We tested & reviewed 4 transfer providers, and Moneycorp scored highly.
In the last six months, Moneycorp appeared in 43.9% of Ethiopia to Nigeria searches, and was the top rated company supporting payments Ethiopia into Naira.
So for a great mix of cost, speed & features, make your Ethiopia to Nigeria transfer using Moneycorp.
How to get the best deal on sending money from Ethiopia 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 Ethiopia 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 money transfers from Ethiopia to Nigeria
Comparing providers offering services between Ethiopia and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 4 companies that provide the ability to send Ethiopian Birr to Nigeria.
This ensures you get the best options for transfers to Nigeria from Ethiopia, based on the amount you want to send.
Cheapest way to send money to Nigeria from Ethiopia: Moneycorp
Data collected through our comparison over the past six months shows that Moneycorp is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* ETB and an exchange rate for buying Naira with Ethiopian Birr that is 1.95% different to the mid-market rate.
If you want to secure the best rates on a Ethiopia to Nigeria transfer, Moneycorp offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to ETB-NGN by Moneycorp, based on data from the past six months.
Fastest money transfers from Ethiopia to Nigeria: Moneycorp.
Through our comparison, we found Moneycorp to be the fastest option to transfer money from Ethiopia to Naira in 65.6% of instances.
Over the last six months, sending money from Ethiopia to Nigeria through Moneycorp have an average fee of 0 ETB.
Moneycorp was one of 4 money transfer providers we compared for overall speed of sending money from Ethiopia to Nigeria. This speed test included depositing Ethiopian Birrs to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Moneycorp is our best choice for sending from Ethiopia to Nigeria.
Sending large sums of money?
Of the 4 companies tested, Moneycorp 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 Ethiopia can be expensive.
Moneycorp is our choice for big transfers to ETB because of all round price, speed and management when making large transfers.
Understanding the cost of moving money from Ethiopia to Nigeria
The total cost of sending money to Nigeria from Ethiopia, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for ETB-NGN is 12.2146 NGN per Ethiopian Birr.
Finding a company offering an exchange rate closer to this will mean more Naira for your Ethiopian Birr.
The average ETB-NGN mid-market rate for the last three months has been 18.5043 NGN per Ethiopian Birr. This includes a high of 28.5407, and low of 13.3111.
Out of the 4 companies compared, Moneycorp offers the best exchange rates.
The exchange rate you receive on converting ETB to NGN should be the biggest determining cost factor when transferring Ethiopian Birr to Nigeria.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Moneycorp, with a fee average of 0 ETB per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Naira eventually received in Nigeria.
A lower cost of sending from Ethiopia will result in more money received in Nigeria.
Getting best exchange rate for transfers between Ethiopian Birr and Naira
Timing is essential for transferring money between ETB and NGN. The exchange rate you secure impacts how much NGN you get for your ETB.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from ETB to NGN has moved slightly. On average, it was 18.5043.
During this same period,there was a high of 28.5407, and a low of 13.3111.
Moneycorp, which is our recommended service to send money online from Ethiopia to Nigeria offers an exchange rate that is only 1.95% above the mid-market rate.
Want to secure the best ETB-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 Ethiopia to Nigeria!
Payment options for Ethiopia to Nigeria money transfers
Bank transfers
Bank transfers are usually the best and easiest way to send money from Ethiopia to Nigeria.
By using a money transfer company such as Moneycorp for transfers from Ethiopia to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.
Moneycorp is the cheapest money transfer company for bank transfers from the 4 we compared for transfers from ETB into Nigeria.With an average fee of 0 ETB to send money from Ethiopia to Nigeria, Moneycorp offers a strong combination of competitive exchange rates and lower fees.
Debit cards and prepaid options
Sending money from Ethiopia to Nigeria with a debit or a prepaid card is available through Instarem.
Instarem is a one of the cheaper options for debit card payments for transfers from Ethiopia to Nigeria. This cost is against a total of 4 money transfer companies offering this option.
Credit cards
When it comes to international credit card transfers from Ethiopia to Nigeria, emerges as our top choice of the 4 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. Where possible, we recommend a bank transfer or debit card payment.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Ethiopia.
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 Ethiopia to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ETB 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
