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How to send money from Guinea-Bissau to Nigeria
Sending money from Guinea-Bissau to Nigeria doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to to send from Guinea-Bissau 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 Guinea-Bissau to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your CFA Franc BCEAO & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Sending money from Guinea-Bissau to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from Guinea-Bissau to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Guinea-Bissau and Nigeria. Through this, you get a comprehensive view of all the options you have in Guinea-Bissau when you need to send money to Nigeria.
Cheapest way to send money from Guinea-Bissau to Nigeria
Without any money transfer providers serving the Guinea-Bissau to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Guinea-Bissau to Nigeria
When calculating the costs of money transfers between Guinea-Bissau and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the XOF-NGN mid-market rate equals to 2.4048. Keep in mind that this rate fluctuates all the time.
The XOF-NGN average exchange rate of the past three months has been 2.6664, with a highest of 2.8521 and a lowest of 2.341.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your XOF to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Getting the best exchange rate for CFA Franc BCEAO to Naira
Tracking the mid-market rate can make a huge difference when sending money XOF to NGN. The exchange rate you secure impacts how much NGN you get for your XOF.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from XOF to NGN has seen some fluctuation. On average, it has been 2.6664.
During this period, the highest value level was 2.8521, with a low of 2.341.
, which is our recommended service to send money online from Guinea-Bissau to Nigeria offers an exchange rate that is only % above the mid-market rate.
Want to secure the best XOF-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 Guinea-Bissau to Nigeria!
What payment methods are available when sending money from Guinea-Bissau to Nigeria?
Sending bank transfers from Guinea-Bissau to Nigeria
Bank transfers are the most common way of sending XOF to Nigeria as they are secure, reliable, and convenient.
If you want to send CFA Franc BCEAOs to Nigeria via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Guinea-Bissau to Nigeria by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send CFA Franc BCEAOs to Nigeria with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Guinea-Bissau to Nigeria by payment apps
If you’d like to send money from Guinea-Bissau to Nigeria via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Guinea-Bissau to Nigeria.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Nigeria in Naira at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Guinea-Bissau to Nigeria after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the XOF to NGN exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of XOF to NGN is 2.4048
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Guinea-Bissau.
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 Guinea-Bissau to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XOF 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
