MoneyTransfers

Compare ways to send money from Japan to Nigeria

Find money transfer deals for sending money from Japan to Nigeria. Compare the cheapest, fastest, and most reliable providers with the best JPY to NGN exchange rates.

Read on for the best deals, expert information, and easiest ways to send money to Nigeria from Japan.

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Best recommended: Wise

Wise is our top pick for sending Yen to Nigeria.

Of the 5 money transfer providers tested and reviewed, Wise will get you the most NGN (10,874,526.9) based on our 7-day analysis.

Wise appeared in 100% of Japan to Nigeria searches, and was the top rated company supporting JPY to NGN transfers.

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How to send money from Japan to Nigeria

Summary of recent searches

Top rated for transfers from Japan to Nigeria
Wise
Total number of JP - NG providers
5
Average cheapest fees & rate
Xe
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Xe

Considerations for sending money from Japan to Nigeria

1
Compare providers

Always compare ways to send money from Japan to Nigeria to get the best options for fees, speed, and reliability.

Our analysis included 5 providers that operate between Japan and Nigeria.

Through this, you get a comprehensive view of all the options you have in Japan when you need to send money to Nigeria.

2
Track the Yen-Naira exchange rate
3
Choose the right payment method
4
Use regulated providers
5
Consider transfer limits
6
How to receive money in Nigeria
7
Have your ID ready
8
Don't forget about taxes

Cheapest way to transfer money from Japan to Nigeria: Xe

Xe offers the lowest cost transfers between Japan and Nigeria out of the 5 providers compared.

Our data shows that Xe is -12.57% cheaper than the second-best option.

The company offers an average fee of 0* JPY and an average exchange rate between JPY and NGN that is 9.87% different from the mid-market rate.

For a cheap way to send JPY to Nigeria, Xe is a great all round choice.

*The most common fee applied to JPY-NGN by Xe, based on data from the past 7 days.

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Fastest way to send money to Nigeria from Japan: Wise

We compared 5 companies and found Wise offers the fastest money transfers between Japan and Nigeria.

Our comparison shows that Wise is the fastest option for sending Yen into Naira 85.7% of the time.

With Wise, the average transfer time is: Within minutes (based on a 7-day average ).

A JPY-Naira transfer through Wise comes with an average 8,938 JPY fee.

This comparison is based on the overall speed of sending 1,000,000 JPY to Nigeria and is a combination of depositing Yen, transfer times to Nigeria and withdrawal timeframes, where applicable.

When speed is a priority, Wise is the top choice for sending into Nigeria from Japan.

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Send large sums of money

Transferring bigger amounts of money from Japan to Nigeria should be done with the exchange rate and management of the service in mind.

Wise offers the strongest all round option for large transfers of the
5 money transfer companies compared.

Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Naira to Naira.

As such, opt for Wise for sending large sums of money to Nigeria from Japan.

Pick the right payment method when sending money to Nigeria from Japan

When sending money to Nigeria from Japan, it is important to consider your needs and the payment method you will be using. Some payment methods can be faster but will cost more, while others might have lower fees but get you more NGN.

Below is the data from our search results from the past week. It is based on ¥1,000,000 transfer to Nigeria from Japan.

Overall best way to send money to Nigeria from Japan

Funding method

Provider

FX Rate & Markup

Transfer Fee

NGN Received

Overall best

Wise (appeared 7 times last week)

10.9726 (-0.31% markup)

8,938

10,874,526.9 NGN

Bank transfer deposit

Wise (appeared in 100% of the searches last week)

10.9726 (-0.31% markup)

8,938

10,874,526.9 NGN

Debit card deposit

(appeared /7 times in the past 7 days)

(% markup)

0

0 NGN

Cheapest money transfer companies to send money to Nigeria from Japan

Funding method

Provider

FX Rate & Markup

Transfer Fee

NGN Received

Overall best

Xe (appeared 5 times last week)

9.7877 (9.87% markup)

0

9,787,700 NGN

Bank transfer deposit

Xe (appeared in 71.4% of the searches last week)

9.7877 (9.87% markup)

0

9,787,700 NGN

Debit card deposit

(appeared /7 times in the past 7 days)

(% markup)

0

0 NGN

Money transfer companies with the lowest JPY fees

Funding method

Provider

FX Rate & Markup

Transfer Fee

NGN Received

Overall best

Xe (appeared 5 times last week)

9.7877 (9.87% markup)

0

9,787,700 NGN

Bank transfer deposit

Xe (appeared in 100% of the searches last week)

9.7877 (9.87% markup)

0

9,787,700 NGN

Debit card deposit

(appeared /7 times in the past 7 days)

(% markup)

0

0 NGN

Fastest money transfer companies to send money to Nigeria from Japan

Funding method

Provider

FX Rate & Markup

Transfer Fee

NGN Received

Overall best

Wise (appeared 6 times last week)

10.9726 (-0.31% markup)

8,938

10,874,526.9 NGN

Bank transfer deposit

Wise (appeared in 85.7% of the searches last week)

10.9726 (-0.31% markup)

8,938

10,874,526.9 NGN

Debit card deposit

(appeared /7 times in the past 7 days)

(% markup)

0

0 NGN

We recommend avoiding the following companies, as they are the most expensive for transfers from Japan to Nigeria:

  • Overall most expensive option: WorldRemit. It will cost you ¥0 to send money to Nigeria, and your recipient will get 10,542,433 NGN.

  • Most expensive for bank transfer deposits: Wise. It will cost you ¥8,938 to send money to Nigeria, and your recipient will get 10,874,526.9 NGN.

  • Most expensive for debit card deposits: . It will cost you ¥0 to send money to Nigeria, and your recipient will get 0 NGN.

Understanding the cost of sending money from Japan to Nigeria

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Japan to Nigeria.

The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Yen. The current JPY-NGN mid-market rate is 11.0609 NGN per Yen.

  • This rate changes regularly so it can pay to track it. For comparison, the JPY-NGN mid-market rate for the past 7 days has averaged 11.0246 NGN per Yen, with a low of 10.9772 and a high of 11.0524.

  • Xe is currently offering the best exchange rate from the 5 companies compared.

  • Often the JPY-NGN exchange rate you pay is the biggest cost factor when transferring Yens to Nigeria.

Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Yen you’re sending to Nigeria. Xe currently has the lowest fees for transfers into NGN at an average of 0 JPY over the last week. We always recommend searching for your exact send amount for an exact fee.

Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from Japan. The bigger the amount received in Nigeria, the lower the overall cost of sending from Japan.

How to find the best exchange rate for Yen to Naira

Timing is essential for sending money between JPY and NGN. The exchange rate you secure impacts how much NGN you get for your JPY.

Mid-market Rate
1 
=
11.060858 
NGN

Let's dive into some interesting recent trends.

  • In the last 7 days, the exchange rate from JPY to NGN has seen some fluctuation. On average, it stood at 11.0246.

  • During this period, the highest value recorded was 11.0524, while the lowest was 10.9772.

  • Wise, which is our recommended service to send money online from Japan to Nigeria offers an exchange rate that is only -0.31% above the mid-market rate.

Want to secure the best JPY-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 Japan to Nigeria!

Payment methods for Japan to
Nigeria transfers

  • Bank transfers

    Bank transfers are often the fastest option, and normally the cheapest, for sending money from Japan to Nigeria.

    By opting for a money transfer company such as Xe for transfers from Japan to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


    On average, Xe is the cheapest provider for bank transfers from the 5 we tested when sending JPY to Nigeria.

    With an average fee of JPY0 to send money from Japan to Nigeria, Xe offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid card payments

    Using a debit card, or prepaid option, for sending money from Japan to Nigeria is easy with .


    is a market leader in debit card payments for transfers from Japan to Nigeria, this is among a total of 5 money transfer companies compared.

  • Credit card transfers

    When it comes to credit card transfers from Japan to Nigeria, we recommend running a quick comparison to get the best deal as not many companies offer direct credit card deposits.

    Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Japan.


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 Japan to Nigeria.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send JPY 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

How much money can be transferred from Japan to Nigeria?
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Can I send money from Japan to Nigeria with MoneyTransfers.com?
What are the typical transfer fees for sending Yens to Nigeria through various providers?
How long does it take to send money from Japan to Nigeria?
What is the best exchange rate I can get for sending money from Japan to Nigeria?
Are there any minimum or maximum transfer amounts for sending money from Japan to Nigeria?
Can I schedule regular transfers between Japan and Nigeria?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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