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Overall best way: WorldRemit
We tested & reviewed 6 transfer providers, and WorldRemit scored highly.
In the last six months, WorldRemit appeared in 41.7% of Malaysia to Nigeria searches, and was the top rated company supporting payments Malaysia into Naira.
So for a great mix of cost, speed & features, make your Malaysia to Nigeria transfer using WorldRemit.
How to to send from Malaysia to Nigeria in the best way
- Always compare rates
Money transfers to Nigeria should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Malaysia to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your Malaysian Ringgit & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Summary of recent searches
Understanding Malaysia to Nigeria money transfers
Comparing providers when sending money from Malaysia to Nigeria is the easiest way to make a transfer at the best price.
We’ve compared 6 providers for sending Malaysian Ringgit to Nigeria. This ensures you will get the best options for your transfer to Nigeria from Malaysia.
We rate WorldRemit as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Malaysia to Nigeria.
Cheapest way to send money to Nigeria from Malaysia: Ria Money Transfer
Data collected through our comparison over the past six months shows that Ria Money Transfer is 3.1% cheaper than the second-best option.
The cost is made up of an average fee of 0* MYR and an exchange rate for buying Naira with Malaysian Ringgit that is 2.8% different to the mid-market rate.
If you want to secure the best rates on a Malaysia to Nigeria transfer, Ria Money Transfer offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to MYR-NGN by Ria Money Transfer, based on data from the past six months.
Fastest money transfers from Malaysia to Nigeria: Ria Money Transfer.
Through our comparison, we found Ria Money Transfer to be the fastest option to transfer money from Malaysia to Naira in 69.7% of instances.
Over the last six months, sending money from Malaysia to Nigeria through Ria Money Transfer have an average fee of 4 MYR.
Ria Money Transfer was one of 6 money transfer providers we compared for overall speed of sending money from Malaysia to Nigeria. This speed test included depositing Malaysian Ringgits to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Ria Money Transfer is our best choice for sending from Malaysia to Nigeria.
Sending large sums of money?
Of the 6 companies tested, WorldRemit is the best rated for larger transfer amounts.
Whether for a property purchase, or as a gift, sending large amounts of money to Nigeria from Malaysia can be expensive.
WorldRemit is our choice for big transfers to MYR because of all round price, speed and management when making large transfers.
Understanding the cost of transferring money to Nigeria from {countryFromName}}
Fees and exchange rates make up the total cost of sending money from Nigeria to Nigeria. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current MYR-NGN mid-market rate is 379.413 NGN per Malaysian Ringgit. You will get more Naira for your Malaysian Ringgits if you find a provider close to this number.
For context, over the last three months the MYR-NGN mid-market rate has had a high of 400.6076, a low of 291.6442 and averaged 360.7935 NGN per Malaysian Ringgit.
Across the 6 companies compared, the best exchange rate is with Instarem.
Unless fees are unusually high, the exchange rate you receive on converting MYR to NGN will be the biggest determining factor when working out the cost of transferring Malaysian Ringgits to Nigeria.
Fees: Transfer fees are charged as part of the transfer. WorldRemit at an average of 0 MYR per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Naira eventually received in Nigeria. You can assume that a lower cost of sending from Malaysia will result in more money received in Nigeria.
Getting the best exchange rate for Malaysian Ringgit to Naira
Tracking the mid-market rate can make a huge difference when sending money MYR to NGN. The exchange rate you secure impacts how much NGN you get for your MYR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from MYR to NGN has seen some fluctuation. On average, it has been 360.7935.
During this period, the highest value level was 400.6076, with a low of 291.6442.
WorldRemit, which is our recommended service to send money online from Malaysia to Nigeria offers an exchange rate that is only 3.27% above the mid-market rate.
Want to secure the best MYR-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 Malaysia to Nigeria!
Paying for your Malaysia to Nigeria transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Malaysia to Nigeria.
By using a money transfer company such as Ria Money Transfer for transfers from Malaysia 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, Ria Money Transfer is the cheapest provider for bank transfers from the 6 we tested when sending MYR to Nigeria.
With an average fee of 4 MYR to send money from Malaysia to Nigeria, Ria Money Transfer offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to Nigeria with a debit or a prepaid card is easy with .
is a one of the better options in the market for international debit card transfers from Malaysia to Nigeria.
Credit cards
For credit card transfers from Malaysia to Nigeria, is our top choice of the 6 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 Malaysia.
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 Malaysia to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR 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
