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Overall best way: Payoneer
We tested & reviewed 3 transfer providers, and Payoneer scored highly.
In the last six months, Payoneer appeared in 39.3% of Libya to Nigeria searches, and was the top rated company supporting payments Libya into Naira.
So for a great mix of cost, speed & features, make your Libya to Nigeria transfer using Payoneer.
How to get the best deal on sending money from Libya to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Libya to Nigeria.
- Choose a provider
Select the provider that offers you the best value on buying NGN & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations when sending from Libya to Nigeria
Comparing money transfer companies with services between Libya 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 3 providers providing services between Libya and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.
Over the last six months, we’ve picked Payoneer 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 Libya.
Cheapest way to send money to Nigeria from Libya: Sokin
Data collected through our comparison over the past six months shows that Sokin is 0.7% cheaper than the second-best option.
The cost is made up of an average fee of 0* LYD and an exchange rate for buying Naira with Libyan Dinar that is 0.53% different to the mid-market rate.
If you want to secure the best rates on a Libya to Nigeria transfer, Sokin offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to LYD-NGN by Sokin, based on data from the past six months.
Fastest money transfers from Libya to Nigeria: Payoneer.
Through our comparison, we found Payoneer to be the fastest option to transfer money from Libya to Naira in 37.9% of instances.
Over the last six months, sending money from Libya to Nigeria through Payoneer have an average fee of 0 LYD.
Payoneer was one of 3 money transfer providers we compared for overall speed of sending money from Libya to Nigeria. This speed test included depositing Libyan Dinars to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Payoneer is our best choice for sending from Libya to Nigeria.
Transferring large sums of money
Of the 3 money transfer companies tested, Payoneer is the strongest option for large transfers from Libya to Nigeria.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from Libya to Nigeria can become expensive through your bank or with the wrong provider.
Payoneer is our choice for sending large sums of money to LYD because they offer a strong all-round product.
Understanding the costs involved when transferring money to Nigeria from Libya
When calculating the cost of sending money from Libya to Nigeria, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current LYD-NGN mid-market rate is 342.1993 NGN per Libyan Dinar. Finding a provider as close to this number as possible will ensure more Naira for your money.
As a comparison, the LYD-NGN mid-market rate for the past three months has averaged 322.3431 NGN per Libyan Dinar, hitting a high of 352.6632 and a low of 274.8802.
Sokin is currently offering the best exchange rate on transfers between Libya and Nigeria.
Often the LYD-NGN exchange rate you receive will be the biggest factor impacting the cost of sending Libyan Dinar to Nigeria.
Fees: Transfer fees are charged on top of a transfer. Sokin currently offers lowest fees, at an average of 0 LYD over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Naira is the biggest indicator in the total cost of sending money to Libya from Nigeria. The higher the total amount received in Nigeria, the lower the cost of sending from Libya.
Track the exchange rate for Libyan Dinar to Naira
Sending money at the right time between LYD and NGN can make a huge difference to overall cost. The exchange rate impacts how much NGN you get for your LYD.
Over the last six months, the average numbers are:
The exchange rate from LYD to NGN averaged 322.3431 NGN.
The highest value recorded was 352.6632 NGN, while the lowest was 274.8802 NGN.
3 providers currently offer transfers between Libya and Nigeria close to this rate
Want to secure the best LYD-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 Libya to Nigeria!
Paying for your Libya to Nigeria transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Libya to Nigeria.
By using a money transfer company such as Sokin for transfers from Libya to Nigeria, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Sokin is the cheapest provider for bank transfers from the 3 we tested when sending LYD to Nigeria.
With an average fee of 0 LYD to send money from Libya to Nigeria, Sokin offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Libya to Nigeria with a debit or a prepaid card is easy with Instarem.
Instarem is a one of the better options in the market for international debit card transfers from Libya to Nigeria.
Credit cards
For credit card transfers from Libya to Nigeria, Instarem is our top choice of the 3 companies offering this payment method.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Libya.
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 Libya to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send LYD 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
