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Send Money from Germany (EUR) to Nigeria (NGN)

Transfer EUR to NGN quickly and easily by comparing the latest exchange rates, and best provider fees, speed and reviews from Germany to Nigeria.

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Amount
2000
EUR
NGN
Germany
EUR
Nigeria
NGN
EUR
Top Provider
Amount Received
By Bank Transfer
 925,378.34
NGN
Fees: €10.00
Rate: 465.01424 *
Payment Options
Speed
Bank Transfer
Next Day
Credit Card
Next Day
Debit Card
Next Day
Key Features
Offers low rates
Well known brand
Amount Received
By Bank Transfer
 901,676.54
NGN
Fees: €40.00
Rate: 460.03905 *
Payment Options
Speed
Bank Transfer
1-2 Hours
Key Features
BUSINESS CUSTOMERS ONLY
NOT SUITABLE FOR PERSONAL USE
Amount Received
By Cash Pickup
$2,253.22
USD
Fees: 0
Rate: 1.12661
Payment Options
Speed
Debit Card
Minutes
Credit Card
Minutes
Bank Transfer
Minutes
Key Features
No fee for first 2 transfers
Cash pickup to over 200,000 locations
Trusted by more than 1 million customers
Current Mid-Market Rate: 1 EUR = 465.014706 NGN
* Some rates may be indicative.

Best Providers for Sending Money to Nigeria from Germany

When considering how to send money Nigeria from Germany there are some key aspects of the transfer that will impact the best provider for your needs. 

There are plenty of international money transfer providers for Germany to Nigeria. The fastest provider is Azimo. The cheapest provider we found is TransferWise at 0.0001% Above Mid-Market Rate.

If you’re looking for the best combination of price, speed, and reliability we recommend using TransferWise when sending EUR – NGN.

This means that by using TransferWise for online money transfers to Nigeria from Germany, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.

Alternatively, if you are unable to access TransferWise for any reason, our comparison engine has found VertoFX and Azimo also to be very good options when sending EUR to NGN.

The cheapest way to send money from Germany to Nigeria

The cost of transferring money will depend on the value of the transaction and amount of NGN you want the recipient in Nigeria to receive. 

In order to avoid high fees, you should consider the cheapest way to send money from Germany to Nigeria.  

TransferWise has been determined by our comparison engine to be currently offering you the cheapest rates possible.

The fastest way to send money from Germany to Nigeria

When sending money from Germany to Nigeria, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers, particularly if you want to send money instantly. Currently, Azimo is the fastest way to send EUR – NGN.

What payment methods are available when sending money from Germany to Nigeria?

Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.

Sending money to Nigeria from Germany using credit card

To avoid high fees you can opt to use an online money transfer provider such as TransferWise to pay for your transfer to Nigeria. Our guide on sending money using a credit card has more information. 

Sending money to Nigeria from Germany using a debit card

With TransferWise you can send money online to Nigeria using your debit card. But before making a payment, make sure you understand all the processing fees in place. Our guide on sending money using a debit card has more information. 

Using a wire transfer to send money from Germany to Nigeria

Bank and international wire transfers are the most common ways of sending money Nigeria as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use TransferWise to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.

When sending money to Nigeria from Germany using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee. If you do decide to make an international transfer using wire transfer, you might be required to use a SWIFT/BIC code when completing your transaction. If you’re unsure of what it is, check out our guide on what is a SWIFT code as well as use our SWIFT code calculator to find the right SWIFT/BIC code.

On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as TransferWise, VertoFX and Azimo.

Considerations for a EUR to NGN Currency Transfer

Before sending money to Nigeria from Germany, you should consider the following:

  1. The amount you want to transfer: It is likely that the more money you send to Nigeria the more value you will get and more NGN the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
  2. The EUR – NGN exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 465.014706 and the lowest exchange rate margin is currently offered by TransferWise at 0.0001% above the mid market rate.
  3. Hidden fees & charges: Before sending money to Nigeria, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers TransferWise, VertoFX and Azimo will give insight here.

How to send money from Germany to Nigeria at the best rate?

This one’s easy. Simply use our comparison table above to find the best provider to send EUR to NGN. After that it’s just a process of making your transfer via the following steps:

  1. Click “Visit Site” inside our comparison table
  2. Register for an account if required
  3. Input how much you are willing to send
  4. Fund your transfer
  5. Receive & save an email confirming your transfer

How to receive transfers from EUR to NGN in Nigeria?

Your recipient has a few methods available to receive your money in Nigeria. These will vary between providers, but it is possible to find services that will:

If your recipient is going to collect or have the money delivered to them in Nigeria, then they will usually need the following:

How much money can be transferred from Germany to Nigeria?

The amount of NGN you can receive from Germany will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers. 

You should also check if there are any government regulations pertaining to the amount of NGN that can be received in Nigeria or sent from Germany before making your transfer.

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