How to send money to Nigeria from Gibraltar with the best GIP-NGN rate
Find money transfer deals for sending money from Gibraltar to Nigeria. Compare the cheapest, fastest, and most reliable providers with the best GIP to NGN exchange rates.
Read on for the best deals, expert information, and easiest ways to send money to Nigeria from Gibraltar.
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
Alternative for Gibraltar to Nigeria
While you can’t send GIP to NGN with Wise, you can transfer USD to USD.
"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."
"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."
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The best way to send GIP to Nigeria is through a cash transfer with Western Union.
Western Union offers broad coverage across Gibraltar and Nigeria, making it a reliable option.
Transfer fees vary depending on the branch and the amount you send, but you can generally expect to pay around 3 GIP per 200 GIP transferred.
Before sending, check which deposit options are available in your area. In many cases, you can fund your transfer online in GIP, while the recipient collects NGN in cash at a local branch.
If you’re looking for alternatives, MoneyGram also offers competitive cash pickup services.
How to get the best deal on your Gibraltar to Nigeria transfer
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 Gibraltar to Nigeria.
Choose a provider
Select the provider that offers you the best value & 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
Important things to consider before sending money from Gibraltar to Nigeria
Don't settle for the first option. Always compare ways to send money from Gibraltar to Nigeria to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Gibraltar and Nigeria.
Through this, you get a comprehensive view of all the options you have in Gibraltar when you need to send money to Nigeria.
The cheapest way to send money to Nigeria from Gibraltar is to send cash via Western Union Agent.
Generally speaking, sending cash is more expensive than using the online transfer, however, after looking at 100+ money transfer companies, there aren’t many options servicing GIP/NGN.
The main cost is made up of the fee (around 3 GIP) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much GIP you are sending.
Fastest money transfers from Gibraltar to Nigeria: cash transfer via MoneyGram Agent
The quickest way to send money from Gibraltar to Nigeria is through a cash transfer with a MoneyGram Agent.
In most cases, cash transfers are processed instantly, allowing your recipient to collect NGN within minutes.
In some cases, transfer times can vary depending on the amount sent and the branch you use, with larger transfers occasionally taking up to 24 hours to process.
Given the limited number of providers supporting GIP to NGN transfers, MoneyGram remains the fastest and most reliable option for cash pickups in Nigeria.
Need to send over $10,000?
For transfers over $10,000, your best bet is Western Union Agent.
While Western Union Agent may not always be the cheapest or fastest way to send GIP from Gibraltar to Nigeria, it offers the best GIP-NGN exchange rate right now (1848.6347 Nairas per 1 GIP sent).
They will also keep your money safe and you relaxed while your money moves into NGN.
Understanding the costs involved when moving money from Gibraltar to Nigeria
When calculating the costs of money transfers between Gibraltar and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the GIP-NGN mid-market rate equals to 1,945.9307 NGN per Gibraltar Pound.
The GIP-NGN average exchange rate for the past 7 days has been 1,934.7062 NGN per Gibraltar Pound, with a high of 1,945.9313 and a low of 1,926.2715.
Fees may also be added on top, and usually vary depending on how much GIP you are sending to Nigeria.
For the best combination of rates and fees, we suggest using Western Union Agent.
For a £200 transfer to NG, they charge £3 with a small markup of 5%. This is 0% cheaper than the next cheapest option.
How to find the best exchange rate for Gibraltar Pound to Naira
Timing is essential for sending money between GIP and NGN. The exchange rate you secure impacts how much NGN you get for your GIP.
Let's dive into some interesting recent trends.
Over the past 7 days, the exchange rate from GIP to NGN has seen some fluctuation. On average, it stood at 1,934.7062.
During this period, the highest value recorded was 1,945.9313, while the lowest was 1,926.2715.
Western Union Agent, which is our recommended service to send money online from Gibraltar to Nigeria offers an exchange rate that is only 5% above the mid-market rate.
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Payment methods available to fund your Gibraltar to Nigeria transfer
Bank transfers
Bank transfers are often the default option for sending money from Gibraltar to Nigeria.
By using a money transfer company such as Western Union Agent for transfers from Gibraltar to Nigeria, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates.
Western Union Agent is the cheapest provider for bank transfers from the 2 we tested when sending GIP to Nigeria.
They charge GIP3 on a 200 GIP transfer from Gibraltar to Nigeria.
Debit and prepaid cards
Sending money from Gibraltar to Nigeria with a debit or a prepaid card is very simple with Western Union Agent.
Western Union Agent is a leader in debit card payments for transfers from Gibraltar to Nigeria, competing among a total of 2 active money transfer companies on this route.
Credit cards
You can deposit GIP with a credit card when sending NGN to Nigeria, but in most cases, this means taking a cash advance, resulting in higher fees.
We suggest using a bank transfer or a debit card deposit for transfers to Nigeria
If you really need to send money with a credit card, running our is a better way to find the latest deals on NGN transfers.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why it is better to use a 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 Gibraltar.
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 Gibraltar to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GIP to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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