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Send money from Libya to Nigeria
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
Alternative for Libya to Nigeria
While you can’t send LYD to NGN with Wise, you can transfer USD to USD.
"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."
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.
The best way to send LYD to Nigeria is through a cash transfer with Western Union.
Western Union offers broad coverage across Libya and Nigeria, making it a reliable option.
Transfer fees vary depending on the branch and the amount you send, but you can generally expect to pay around 3 LYD per 1,400 LYD transferred.
Before sending, check which deposit options are available in your area. In many cases, you can fund your transfer online in LYD, while the recipient collects NGN in cash at a local branch.
If you’re looking for alternatives, MoneyGram also offers competitive cash pickup services.
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
Compare providers
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 2 providers providing services between Libya and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.
Over the last 7 days, we’ve picked Western Union Agent 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.
Understanding the Libyan Dinar-Naira exchange rate
Choose the right payment method
Financial regulations
Consider transfer limits
Receiving money from Libyan Dinar in Nigeria
Confirm the ID you need
Tax declarations
The cheapest way to send money to Nigeria from Libya is to send cash via Western Union Agent.
Generally speaking, sending cash is more expensive than using the online transfer, however, after looking at 100+ money transfer companies, there aren’t many options servicing LYD/NGN.
The main cost is made up of the fee (around 3 LYD) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much LYD you are sending.
Fastest money transfers from Libya to Nigeria: cash transfer via MoneyGram Agent
The quickest way to send money from Libya to Nigeria is through a cash transfer with a MoneyGram Agent.
In most cases, cash transfers are processed instantly, allowing your recipient to collect NGN within minutes.
In some cases, transfer times can vary depending on the amount sent and the branch you use, with larger transfers occasionally taking up to 24 hours to process.
Given the limited number of providers supporting LYD to NGN transfers, MoneyGram remains the fastest and most reliable option for cash pickups in Nigeria.
Transferring large sums of money
Of the 2 money transfer companies tested, Western Union Agent 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.
Western Union Agent 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 264.234 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 week has averaged 263.8164 NGN per Libyan Dinar, hitting a high of 264.234 and a low of 263.3051.
Western Union Agent 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. Western Union Agent currently offers lowest fees of 3 LYD. 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 7 days, the average numbers are:
The exchange rate from LYD to NGN averaged 263.8164 NGN.
The highest value recorded was 264.234 NGN, while the lowest was 263.3051 NGN.
2 providers currently offer transfers between Libya and Nigeria close to this rate
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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 Western Union Agent 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, Western Union Agent is the cheapest provider for bank transfers from the 2 we tested when sending LYD to Nigeria.
With a fee of 3 LYD to send money from Libya to Nigeria, Western Union Agent 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 Western Union Agent.
Western Union Agent is a one of the better options in the market for international debit card transfers from Libya to Nigeria.
Credit cards
Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.
We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.
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 and review methodology.
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