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Send money from Italy to Nigeria
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Card-to-card transfers can be received in just two minutes."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
HSBCRecipient gets (NGN)₦12,187,659.97Not recommended
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best way: Wise
We tested & reviewed 8 transfer providers, and Wise scored highly.
Sending 7,000 EUR to NGN will cost you €48.04 in fees, and you will receive 12,669,877.58 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 Italy to Nigeria transfer using Wise.
How to get the best deal on sending money from Italy 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 Italy 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
Understanding Italy to Nigeria money transfers
Comparing providers when sending money from Italy to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 8 providers for sending Euro to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Italy.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Italy to Nigeria.
Cheapest way to send money to Nigeria from Italy: Profee
Data collected through our comparison over the past week shows that Profee is 0.02% cheaper than the second-best option.
The cost is made up of a fee of 0 EUR and an exchange rate for buying Naira with Euro that is -0.46% different to the mid-market rate.
If you want to secure the best rates on a Italy to Nigeria transfer, Profee offers value. We would still recommend searching for the amount you want to send to Nigeria.
Fastest money transfers from Italy to Nigeria: Profee.
Based on our recent data, transfer time for a €7,000 transfer to Nigeria with Profee is minutes - 24 hours. This can vary by amount and method, but it is a good point of reference.
Sending money from Italy to Nigeria through Profee will cost you 0 EUR in fees & small markup.
Profee was one of 8 money transfer providers we compared for overall speed of sending money from Italy 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, Profee is our best choice for sending from Italy to Nigeria.
Sending large amounts of money
Of the 8 companies compared, Wise has the strongest option for large transfers from Italy 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 Wise rate makes them great for large transfers between Nigeria and Italy.
Understanding the cost of money transfers to Nigeria from Italy
The total cost of sending money to Nigeria from Italy is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for EUR-NGN is 1,802.1552 NGN per Euro.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Naira for your Euros.
The EUR-NGN mid-market rate over the last 7 days has seen the Euro worth an average 1,804.533 NGN. Within this there has been a high of 1,807.9658, and a low of 1,802.1552.
From 8 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting EUR to NGN.
Fees: When sending money there may be additional fees. Profee offers the lowest fee of the 8 providers tested, costing 0 EUR per transfer (based on €7,000 transferred).
Amount Received: When comparing providers, the best measure is the amount of Naira eventually received in Nigeria.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Nigeria, means a better overall cost of sending money from Italy.
Track the exchange rate for Euro to Naira
Sending money at the right time between EUR and NGN can make a huge difference to overall cost. The exchange rate impacts how much NGN you get for your EUR.
Over the last 7 days, the average numbers are:
The exchange rate from EUR to NGN averaged 1,804.533 NGN.
The highest value recorded was 1,807.9658 NGN, while the lowest was 1,802.1552 NGN.
8 providers currently offer transfers between Italy and Nigeria close to this 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 Italy to Nigeria!
How to pay for money transfers between Italy and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Italy to Nigeria.
Using a money transfer company such as Profee for transfers from Italy to Nigeria, will mean being able to send money via a bank transfer while benefiting from lower fees and more favorable exchange rates.
On average, Profee is the cheapest provider for bank transfers of the 8 we compared for transfers from EUR to Nigeria.
To send money from Italy to Nigeria, Profee has a fee of 0 EUR.
Debit cards and prepaid options
Sending money from Italy to Nigeria with a debit card or a prepaid card is very simple with Wise.
Wise is the cheapest option for sending money with a debit card between Italy and Nigeria. This is of the 8 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card transfers from Italy to Nigeria, we recommend comparing your options to get the best deal.
Be aware of fees: using a credit card to transfer money 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 Italy.
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 Italy 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
