How to send money to Nigeria from India with the best INR-NGN rate
Find money transfer deals for sending money from India to Nigeria. Compare the cheapest, fastest, and most reliable providers with the best INR to NGN exchange rates.
Read on for the best deals, expert information, and easiest ways to send money to Nigeria from India.
Transferring the other way? Send NGN from Nigeria to India instead.
"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."
"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."
"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."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
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Overall best way: Wise
We tested & reviewed 5 transfer providers, and Wise scored highly.
Sending 22,100 INR to NGN will cost you ₹677.9 in fees, and you will receive 351,266.74 NGN. The delivery time is next day, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your India to Nigeria transfer using Wise.
How to get the best deal on sending money from India 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 India 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
What to consider ahead of money transfers from India to Nigeria
Comparing based on your specific needs is the best way to send money from India to Nigeria with confidence.
Our analysis, and search results, include 5 providers that operate between India and Nigeria. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Nigeria.
The fastest way to send money to Nigeria from India is by sending cash
Cash transfers are almost instant in most cases.
However, in some cases, it can take a few days to process, depending on your branch, how much you are sending, and the deposit method you use.
Considering there aren’t many INR/NGN transfer options available, this is by far the fastest way to do it.
The cheapest way to to send money to Nigeria from India is via PayPal P2P Transfer
The coverage of INR/NGN transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a INR transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Send large sums of money abroad with Currencies Direct
From the 5 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Nigeria from India.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Nairas to Naira.
As such, we recommend Currencies Direct for large Nigeria transfers.
Understanding the cost of transferring money to Nigeria from India
Fees and exchange rates make up the total cost of sending money from Nigeria to Nigeria. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current INR-NGN mid-market rate is 16.1074 NGN per Indian Rupee. You will get more Naira for your Indian Rupees if you find a provider close to this number.
For context, over the last 7 days the INR-NGN mid-market rate has had a high of 16.1497, a low of 16.0096 and averaged 16.1071 NGN per Indian Rupee.
Across the 5 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting INR to NGN will be the biggest determining factor when working out the cost of transferring Indian Rupees to Nigeria.
Fees: Transfer fees are charged as part of the transfer. Wise charges the lowest fee of 677.9 INR at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Naira eventually received in Nigeria. You can assume that a lower cost of sending from India will result in more money received in Nigeria.
Getting the best exchange rate for Indian Rupee to Naira
Tracking the mid-market rate can make a huge difference when sending money INR to NGN. The exchange rate you secure impacts how much NGN you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past 7 days, the interbank rate from INR to NGN has seen some fluctuation. On average, it has been 16.1071.
During this period, the highest value level was 16.1497, with a low of 16.0096.
Wise, which is our recommended service to send money online from India to Nigeria offers an exchange rate that is only -2.39% above the mid-market rate.
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Payment methods available to fund your India to Nigeria transfer
Bank transfers
Bank transfers are often the better option for money transfers from India to Nigeria.
Sending money via a bank transfer with a company such as Wise for transfers from India to Nigeria allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Wise is the best provider for bank transfers of the 5 we tested when sending INR to Nigeria.
With a fee of INR677.9 to send money from India to Nigeria, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Nigeria with a prepaid or a debit card is very simple with Western Union Agent.
Western Union Agent is a leader in card payments for transfers from India to Nigeria, competing among a total of 5 active money transfer companies on this route.
Credit cards
When it comes to international credit card transfers from India to Nigeria, we to get the best deal.
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 India.
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 India to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Related transfer routes
Send money from India
Send money to Nigeria
How much money can be transferred from India to Nigeria?
Are there any tax implications to sending money from India to Nigeria?
Can I send money from India to Nigeria with MoneyTransfers.com?
What are the typical transfer fees for sending Indian Rupees to Nigeria through various providers?
How long does it take to send money from India to Nigeria?
What is the best exchange rate I can get for sending money from India to Nigeria?
Are there any minimum or maximum transfer amounts for sending money from India to Nigeria?
Can I schedule regular transfers between India and Nigeria?
Tools & resources
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