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Overall best way: Payoneer
We tested & reviewed 3 transfer providers, and Payoneer scored highly.
In the last six months, Payoneer appeared in 75% of Iran to Nigeria searches, and was the top rated company supporting payments Iran into Naira.
So for a great mix of cost, speed & features, make your Iran to Nigeria transfer using Payoneer.
How to to send from Iran 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 Iran to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your Iranian Rial & 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 Iran to Nigeria money transfers
Comparing providers when sending money from Iran to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 3 providers for sending Iranian Rial to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Iran.
We rate Payoneer as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Iran to Nigeria.
Cheapest way to send money to Nigeria from Iran: Sokin
Data collected through our comparison over the past six months shows that Sokin is 0.7% cheaper than the second-best option.
The cost is made up of an average fee of 0* IRR and an exchange rate for buying Naira with Iranian Rial that is 0.5% different to the mid-market rate.
If you want to secure the best rates on a Iran to Nigeria transfer, Sokin offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to IRR-NGN by Sokin, based on data from the past six months.
Fastest money transfers from Iran to Nigeria: Payoneer.
Through our comparison, we found Payoneer to be the fastest option to transfer money from Iran to Naira in 77.8% of instances.
Over the last six months, sending money from Iran to Nigeria through Payoneer have an average fee of 0 IRR.
Payoneer was one of 3 money transfer providers we compared for overall speed of sending money from Iran to Nigeria. This speed test included depositing Iranian Rials to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Payoneer is our best choice for sending from Iran to Nigeria.
Transferring large sums of money
Of the 3 money transfer companies tested, Payoneer is the strongest option for large transfers from Iran to Nigeria.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from Iran to Nigeria can become expensive through your bank or with the wrong provider.
Payoneer is our choice for sending large sums of money to IRR because they offer a strong all-round product.
Understanding the cost of transferring money from Iran to Nigeria
The total cost of money transfers from Iran to Nigeria is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for IRR-NGN is currently 0.0396 NGN per Iranian Rial. Providers offering services closer to this rate will ensure more Naira for your Iranian Rials.
To give a historic average, over the last three months the IRR-NGN mid-market rate has been 0.0375 NGN per Iranian Rial, this has had a high of 0.0397 and a low of 0.0317.
From the 3 companies compared, Sokin offers the best exchange rate on transfers to Nigeria and Iran.
Generally, the exchange rate you receive on converting IRR to NGN will be the biggest factor impacting the cost of sending Iranian Rials to Nigeria.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Sokin at an average of 0 IRR per transfer over the last 6 months. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in Naira. Simply, the higher the amount received in Iran, the lower the cost of sending from Nigeria.
The best exchange rate for Iranian Rial to Naira transfers
When sending money between IRR and NGN getting a good deal on an exchange rate is essential. The exchange rate you secure impacts how much NGN you get for your IRR.
Here's how the mid-market rate has performed recently, which will impact the overall cost of the exchange rate.
Over the past six months, the mid-market rate from IRR to NGN has been 0.0375.
During this period, there was a high of 0.0397, and 0.0317 being the lowest point.
Payoneer, which is our recommended service to send money online from Iran to Nigeria offers an exchange rate with a 1.44% markup against the mid-market rate.
Want to secure the best IRR-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 Iran to Nigeria!
Paying for your Iran to Nigeria money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Iran to Nigeria.
By using a money transfer company such as Sokin to send money from Iran to Nigeria, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Sokin is the cheapest money transfer provider for bank transfers from the 3 we tested when sending IRR to Nigeria.
With an average fee of IRR0 to send money from Iran to Nigeria, Sokin offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Iran to Nigeria with a prepaid or debit card is very easy with Instarem.
Instarem is a great choice for sending money with a debit card from Iran to Nigeria. This is from the 3 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Iran to Nigeria, Instarem emerges as our top choice of the 3 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend 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 Iran.
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 Iran to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send IRR 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
