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Send money from Mali 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."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
Alternative for Mali to Nigeria
While you can’t send XOF 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 money from Mali to Nigeria is using PayPal P2P transfer service.
With P2P transfers, if you and your recipient both have the PayPal app, you can send money between them.
You will initiate the transfer in XOF and your recipient will receive the NGN into their PayPal account.
The downside of this, is that PayPal charges higher fees and the withdrawal options can be limited depending.
How to send money from Mali to Nigeria
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Naira from Mali.
Choose a provider
Select the provider offering the best way to send to Nigeria based on your needs.
Click, sign up & send
Follow the steps & make your transfer. Your Naira will soon be on their way to Nigeria.
Summary of recent searches
Considerations when sending from Mali to Nigeria
Compare providers
Comparing money transfer companies with services between Mali 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 Mali 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 Mali.
Understanding the CFA Franc BCEAO-Naira exchange rate
Choose the right payment method
Financial regulations
Consider transfer limits
Receiving money from CFA Franc BCEAO in Nigeria
Confirm the ID you need
Tax declarations
The cheapest way to send money to Nigeria from Mali 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 XOF/NGN.
The main cost is made up of the fee (around 3 XOF) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much XOF you are sending.
The fastest way to send money to Nigeria from Mali is to use cash transfer via MoneyGram Agent
In most cases cash transfers with MoneyGram are instant, and your recipient will be able to collect NGN in minutes.
However, depending on how much you send, it can take a bit longer (up to a day) due to the processing time.
With the limited number of money transfer companies servicing XOF/NGN, cash transfer with MoneyGram is the fastest way.
Sending large amounts of money
Of the 3 companies compared, Western Union Agent has the strongest option for large transfers from Mali to Nigeria.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from CFA Franc BCEAO to Naira.
The Western Union Agent rate makes them great for large transfers between Nigeria and Mali.
Understanding the cost of sending money from Mali to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Mali 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 CFA Franc BCEAO. The current XOF-NGN mid-market rate is 2.5568 NGN per CFA Franc BCEAO.
This rate changes regularly so it can pay to track it. For comparison, the XOF-NGN mid-market rate for the past 7 days has averaged 2.555 NGN per CFA Franc BCEAO, with a low of 2.5481 and a high of 2.5643.
Western Union Agent is currently offering the best exchange rate from the 3 companies compared.
Often the XOF-NGN exchange rate you pay is the biggest cost factor when transferring CFA Franc BCEAOs 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 CFA Franc BCEAO you’re sending to Nigeria. Western Union Agent currently has the lowest fees for transfers into NGN of just 3 XOF. 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 Mali. The bigger the amount received in Nigeria, the lower the overall cost of sending from Mali.
Getting best exchange rate for transfers between CFA Franc BCEAO and Naira
Timing is essential for transferring money between XOF and NGN. The exchange rate you secure impacts how much NGN you get for your XOF.
The recent trends between the currencies are:
Over the past 7 days, the mid-market rate from XOF to NGN has moved slightly. On average, it was 2.555.
During this same period,there was a high of 2.5643, and a low of 2.5481.
Western Union Agent, which is our recommended service to send money online from Mali to Nigeria offers 2.4361 NGN per XOF which is only 5% above the mid-market rate.
Want to secure the best XOF-Naira exchange rates?
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How to pay for money transfers between Mali and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Mali to Nigeria.
Using a money transfer company such as Western Union Agent for transfers from Mali to Nigeria, will mean being able to send money via a bank transfer while benefiting from lower fees and more favorable exchange rates.
On average, Western Union Agent is the cheapest provider for bank transfers of the 3 we compared for transfers from XOF to Nigeria.
To send money from Mali to Nigeria, Western Union Agent has a fee of 3 XOF.
Debit cards and prepaid options
Sending money from Mali to Nigeria with a debit card or a prepaid card is very simple with Western Union Agent.
Western Union Agent is the cheapest option for sending money with a debit card between Mali and Nigeria. This is of the 3 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card transfers from Mali to Nigeria, we recommend comparing your options to get the best deal.
Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Mali.
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 Mali to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XOF to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
