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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Overall best way: WorldRemit

WorldRemit is our recommended company for transferring Yen to Nigeria.

We tested & reviewed 8 transfer providers, and WorldRemit scored highly.

In the last six months, WorldRemit appeared in 94.1% 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.

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How to send money from Japan to Nigeria

Summary of recent searches

Top rated for transfers from Japan to Nigeria
WorldRemit
Total number of JP - NG providers
8
Average cheapest fees & rate
Revolut
Average fastest transfer
WorldRemit
Average transfer time
Within minutes
Best for bank transfers
Revolut
Best for debit card
Instarem
Best for credit card
Instarem

Considerations when sending from Japan to Nigeria

1
Compare providers

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.

2
Understanding the Yen-Naira exchange rate
3
Choose the right payment method
4
Financial regulations
5
Consider transfer limits
6
Receiving money from Yen in Nigeria
7
Confirm the ID you need
8
Tax declarations

Cheapest way to send money to Nigeria from Japan: Revolut

Revolut combines the lowest fees with the best exchange rate and from the 8 companies compared offers the cheapest transfers to Nigeria from Japan.

Data collected through our comparison over the past six months shows that Revolut is 0.4% 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 0.07% 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.

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Fastest money transfers from Japan to Nigeria: WorldRemit.

Of the 8 money transfer companies tested, WorldRemit offered the quickest way to send Yens to Nigeria.

Through our comparison, we found WorldRemit to be the fastest option to transfer money from Japan to Naira in 62.5% of instances.

Over the last six months, sending money from Japan to Nigeria through WorldRemit have an average fee of 0 JPY.

WorldRemit 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, WorldRemit is our best choice for sending from Japan to Nigeria.

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Transfer a large sum of money

When sending large amounts of Naira to Nigeria it’s best the pick a company with higher maximum limits on exchange rates and send amounts.

From
8 money transfer companies compared, WorldRemit is the best option for large transfers from Japan to Nigeria.

Whether it’s for property purchases, business or any other reason, sending large amounts of money from Japan to Nigeria can become expensive if you use a bank, or the wrong provider.

WorldRemit is the top choice for sending large sums of money to Nigeria from Japan because they offer a strong service and competitive exchange rates.

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 10.7957 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 10.0357 NGN per Yen, this has had a high of 11.737 and a low of 8.5234.

  • 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.

Mid-market Rate
1
= 10.795684 NGN

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 10.0357.

  • During this period, there was a high of 11.737, and 8.5234 being the lowest point.

  • WorldRemit, which is our recommended service to send money online from Japan to Nigeria offers an exchange rate with a 13.87% 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 Instarem.


    Instarem 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, Instarem 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

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.