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Overall best way: Instarem
We tested & reviewed 5 transfer providers, and Instarem scored highly.
In the last six months, Instarem appeared in 39.1% of Morocco to Nigeria searches, and was the top rated company supporting payments Morocco into Naira.
So for a great mix of cost, speed & features, make your Morocco to Nigeria transfer using Instarem.
How to get the best deal on your Morocco to Nigeria money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Morocco to Nigeria.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Morocco and Nigeria.
- Click, sign up & send
Follow the steps & make your transfer to Nigeria. Your funds will be sent from Morocco and converted into Naira.
Summary of recent searches
Considerations for money transfers from Morocco to Nigeria
Comparing providers offering services between Morocco and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 5 companies that provide the ability to send Moroccan Dirham to Nigeria.
This ensures you get the best options for transfers to Nigeria from Morocco, based on the amount you want to send.
Cheapest way to send money to Nigeria from Morocco: Cambridge Currencies
Data collected through our comparison over the past six months shows that Cambridge Currencies is 0% cheaper than the second-best option.
The cost is made up of an average fee of 1.5* MAD and an exchange rate for buying Naira with Moroccan Dirham that is 0.75% different to the mid-market rate.
If you want to secure the best rates on a Morocco to Nigeria transfer, Cambridge Currencies offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to MAD-NGN by Cambridge Currencies, based on data from the past six months.
Fastest money transfers from Morocco to Nigeria: Instarem.
Through our comparison, we found Instarem to be the fastest option to transfer money from Morocco to Naira in 39.1% of instances.
Over the last six months, sending money from Morocco to Nigeria through Instarem have an average fee of 0 MAD.
Instarem was one of 5 money transfer providers we compared for overall speed of sending money from Morocco to Nigeria. This speed test included depositing Moroccan Dirhams to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Instarem is our best choice for sending from Morocco to Nigeria.
Transfer a large amount of money
Instarem is the best rated company for sending large amounts of Naira to Nigeria out of 5 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to Nigeria from Morocco has the potential to be very expensive.
Instarem is our choice for big transfers to MAD because of all round price, speed and management when making large transfers.
Understanding the cost of sending money to Nigeria from Morocco
The cost of sending money from Nigeria to Nigeria, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from MAD-NGN is 154.7678 NGN per Moroccan Dirham.
Finding a provider offering an exchange as close to 154.7678 as possible will ensure more Naira received when transferring.
For context, the MAD-NGN mid-market rate for the past three months has averaged 167.1873 NGN per Moroccan Dirham. This includes a high of 172.2322, and low of 150.118.
Instarem currently offers the best exchange rate on transfers from Morocco to Nigeria.
For the most part the MAD-NGN exchange rate you receive is the biggest factor impacting the cost of sending MAD to Nigeria.
Fees: Outside of exchange rates, you may need to pay a fee to send. Instarem currently offers the lowest fees on transfers to Nigeria from Morocco, averaging 1.5 MAD over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Moroccan Dirhams to NGN, paired with a low fee, means a higher total amount received in Nigeria.
How to get the best exchange rate for Moroccan Dirham to Naira
Getting the best exchange rate essential for sending money between MAD and NGN. The exchange rate you secure impacts how much NGN you get for your MAD.
Here is how the currency has performed recently.
Over the past six months, the mid-market from MAD to NGN has been 167.1873.
During this period, the highest value was 172.2322, while the lowest was 150.118.
Instarem, which is our recommended choice to send money online from Morocco to Nigeria offers an exchange rate that is only 3.14% above the mid-market rate.
Want to secure the best MAD-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 Morocco to Nigeria!
How to pay for money transfers between Morocco and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Morocco to Nigeria.
Using a money transfer company such as Cambridge Currencies for transfers from Morocco to Nigeria, will mean being able to send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Cambridge Currencies is the cheapest provider for bank transfers of the 5 we compared for transfers from MAD to Nigeria.
To send money from Morocco to Nigeria, Cambridge Currencies has an average fee of 0 MAD.
Debit cards and prepaid options
Sending money from Morocco to Nigeria with a debit card or a prepaid card is very simple with Instarem.
Instarem is the cheapest option for sending money with a debit card between Morocco and Nigeria. This is of the 5 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Morocco to Nigeria, emerges as our top choice of the 5 companies offering this service.
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 Morocco.
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 Morocco to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MAD 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
