Overall best way: WorldRemit
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.
How to send money from Japan to Nigeria
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 0.4% 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.
Fastest money transfers from Japan to Nigeria: WorldRemit.
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.
Transfer a large sum of money
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.
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.
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Paying for your Japan to Nigeria money transfer
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.