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Overall best way: WorldRemit
We tested & reviewed 16 transfer providers, and WorldRemit scored highly.
In the last six months, WorldRemit appeared in 88.9% of Germany to Nigeria searches, and was the top rated company supporting payments Germany into Naira.
So for a great mix of cost, speed & features, make your Germany to Nigeria transfer using WorldRemit.
How to to send from Germany 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 Germany to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your Euro & 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 Germany to Nigeria money transfers
Comparing providers when sending money from Germany to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 16 providers for sending Euro to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Germany.
We rate WorldRemit as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Germany to Nigeria.
Cheapest way to send money to Nigeria from Germany: Dahabshiil
Data collected through our comparison over the past six months shows that Dahabshiil is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* EUR and an exchange rate for buying Naira with Euro that is -3.09% different to the mid-market rate.
If you want to secure the best rates on a Germany to Nigeria transfer, Dahabshiil 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 Dahabshiil, based on data from the past six months.
Fastest money transfers from Germany to Nigeria: Paysend.
Through our comparison, we found Paysend to be the fastest option to transfer money from Germany to Naira in 53.6% of instances.
Over the last six months, sending money from Germany to Nigeria through Paysend have an average fee of 0 EUR.
Paysend was one of 16 money transfer providers we compared for overall speed of sending money from Germany 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 Germany to Nigeria.
Sending large amounts of money
Of the 16 companies compared, WorldRemit has the strongest option for large transfers from Germany to Nigeria.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Euro to Naira.
The WorldRemit rate makes them great for large transfers between Nigeria and Germany.
Understanding the cost of moving money from Germany to Nigeria
The total cost of sending money to Nigeria from Germany, 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 EUR-NGN is 1,766.7091 NGN per Euro.
Finding a company offering an exchange rate closer to this will mean more Naira for your Euro.
The average EUR-NGN mid-market rate for the last three months has been 1,738.5477 NGN per Euro. This includes a high of 1,869.6027, and low of 1,443.7715.
Out of the 16 companies compared, Dahabshiil offers the best exchange rates.
The exchange rate you receive on converting EUR to NGN should be the biggest determining cost factor when transferring Euro to Nigeria.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Dahabshiil, with a fee average of 0 EUR 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 Germany will result in more money received in Nigeria.
Getting the best exchange rate for Euro to Naira
Tracking the mid-market rate can make a huge difference when sending money EUR to NGN. The exchange rate you secure impacts how much NGN you get for your EUR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from EUR to NGN has seen some fluctuation. On average, it has been 1,738.5477.
During this period, the highest value level was 1,869.6027, with a low of 1,443.7715.
WorldRemit, which is our recommended service to send money online from Germany to Nigeria offers an exchange rate that is only 4.11% 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 Germany to Nigeria!
Payment methods available to fund your Germany to Nigeria transfer
Bank transfers
Bank transfers are often the better option for money transfers from Germany to Nigeria.
Sending money via a bank transfer with a company such as Dahabshiil for transfers from Germany to Nigeria allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Dahabshiil is the best provider for bank transfers of the 16 we tested when sending EUR to Nigeria.
With an average fee of EUR0 to send money from Germany to Nigeria, Dahabshiil offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Germany to Nigeria with a prepaid or a debit card is very simple with Instarem.
Instarem is a leader in card payments for transfers from Germany to Nigeria, competing among a total of 16 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from Germany to Nigeria, Wise emerges as our top choice of the 16 companies offering this service.
Beware 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 instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Germany.
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 Germany 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
