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Best recommended: Wise
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.

How to send money from Japan to Nigeria
Considerations for sending money from Japan to Nigeria
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.
Cheapest way to transfer money from Japan to Nigeria: Xe
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.



Fastest way to send money to Nigeria from Japan: Wise
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.

Send large sums of money
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.
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.
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Payment methods for Japan to Nigeria transfers
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.
