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Companies for transfers from Japan 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."
"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."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"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."
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
"Send money to over 40 destinations online and in the mobile app."
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: WorldRemit
We tested & reviewed 8 transfer providers, and WorldRemit scored highly.
In the last six months, WorldRemit appeared in 51.5% of Japan to Nigeria searches, and was the top rated company supporting payments Japan into Naira.
So for a great mix of cost, speed & features, make your Japan to Nigeria transfer using WorldRemit.
How to send money from Japan to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Naira from Japan.
- Choose a provider
Select the provider offering the best way to send to Nigeria based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Naira will soon be on their way to Nigeria.
Summary of recent searches
Considerations when sending from Japan to Nigeria
Comparing money transfer companies with services between Japan and Nigeria, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 8 providers providing services between Japan and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.
Over the last six months, we’ve picked WorldRemit as the best overall provider. However, comparing based on the amount you want to send to Nigeria will provide a specific provider that’s best for transferring money from Japan.
Cheapest way to send money to Nigeria from Japan: Revolut
Data collected through our comparison over the past six months shows that Revolut is 0.3% cheaper than the second-best option.
The cost is made up of an average fee of 0* JPY and an exchange rate for buying Naira with Yen that is 0.16% different to the mid-market rate.
If you want to secure the best rates on a Japan to Nigeria transfer, Revolut offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to JPY-NGN by Revolut, based on data from the past six months.
Fastest money transfers from Japan to Nigeria: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from Japan to Naira in 32.3% of instances.
Over the last six months, sending money from Japan to Nigeria through Wise have an average fee of 1,269.48 JPY.
Wise was one of 8 money transfer providers we compared for overall speed of sending money from Japan to Nigeria. This speed test included depositing Yens to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Wise is our best choice for sending from Japan to Nigeria.
Send large sums of money abroad with Currencies Direct
From the 8 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Nigeria from Japan.
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 transfers between Nigeria and Japan.
Understanding the cost of transferring money from Japan to Nigeria
The total cost of money transfers from Japan 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 JPY-NGN is currently 10.0259 NGN per Yen. Providers offering services closer to this rate will ensure more Naira for your Yens.
To give a historic average, over the last three months the JPY-NGN mid-market rate has been 10.6196 NGN per Yen, this has had a high of 11.737 and a low of 9.7842.
From the 8 companies compared, Revolut offers the best exchange rate on transfers to Nigeria and Japan.
Generally, the exchange rate you receive on converting JPY to NGN will be the biggest factor impacting the cost of sending Yens to Nigeria.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Revolut at an average of 0 JPY 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 Japan, the lower the cost of sending from Nigeria.
The best exchange rate for Yen to Naira transfers
When sending money between JPY 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 JPY.
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 JPY to NGN has been 10.6196.
During this period, there was a high of 11.737, and 9.7842 being the lowest point.
WorldRemit, which is our recommended service to send money online from Japan to Nigeria offers an exchange rate with a 2.48% markup against the mid-market rate.
Want to secure the best JPY-Naira exchange rates?
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Paying for your Japan to Nigeria money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Japan to Nigeria.
By using a money transfer company such as Revolut to send money from Japan to Nigeria, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Revolut is the cheapest money transfer provider for bank transfers from the 8 we tested when sending JPY to Nigeria.
With an average fee of JPY0 to send money from Japan to Nigeria, Revolut offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Japan to Nigeria with a prepaid or debit card is very easy with Wise.
Wise is a great choice for sending money with a debit card from Japan to Nigeria. This is from the 8 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Japan to Nigeria, emerges as our top choice of the 8 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 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
