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Companies for transfers from Singapore to Nigeria
"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."
"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."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
"Send money to over 40 destinations online and in the mobile app."
Overall best way: Revolut
We tested & reviewed 8 transfer providers, and Revolut scored highly.
In the last six months, Revolut appeared in 60% of Singapore to Nigeria searches, and was the top rated company supporting payments Singapore into Naira.
So for a great mix of cost, speed & features, make your Singapore to Nigeria transfer using Revolut.
How to send money from Singapore 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 Singapore.
- 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 Singapore to Nigeria
Comparing money transfer companies with services between Singapore 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 8 providers providing services between Singapore and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.
Over the last six months, we’ve picked Revolut 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 Singapore.
Cheapest way to send money to Nigeria from Singapore: Revolut
Data collected through our comparison over the past six months shows that Revolut is 0.9% cheaper than the second-best option.
The cost is made up of an average fee of 0* SGD and an exchange rate for buying Naira with Singapore Dollar that is 0.17% different to the mid-market rate.
If you want to secure the best rates on a Singapore to Nigeria transfer, Revolut offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to SGD-NGN by Revolut, based on data from the past six months.
Fastest money transfers from Singapore to Nigeria: Ria Money Transfer.
Through our comparison, we found Ria Money Transfer to be the fastest option to transfer money from Singapore to Naira in 80% of instances.
Over the last six months, sending money from Singapore to Nigeria through Ria Money Transfer have an average fee of 4 SGD.
Ria Money Transfer was one of 8 money transfer providers we compared for overall speed of sending money from Singapore to Nigeria. This speed test included depositing Singapore Dollars 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 Singapore to Nigeria.
Transfer a large amount of money
Revolut is the best rated company for sending large amounts of Naira to Nigeria out of 8 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to Nigeria from Singapore has the potential to be very expensive.
Revolut is our choice for big transfers to SGD because of all round price, speed and management when making large transfers.
Understanding the cost of sending money from Singapore to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Singapore 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 Singapore Dollar. The current SGD-NGN mid-market rate is 1,124.3863 NGN per Singapore Dollar.
This rate changes regularly so it can pay to track it. For comparison, the SGD-NGN mid-market rate for the past three months has averaged 1,232.5033 NGN per Singapore Dollar, with a low of 1,147.438 and a high of 1,303.1996.
Revolut is currently offering the best exchange rate from the 8 companies compared.
Often the SGD-NGN exchange rate you pay is the biggest cost factor when transferring Singapore Dollars 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 Singapore Dollar you’re sending to Nigeria. Revolut currently has the lowest fees for transfers into NGN at an average of 0 SGD over the last 6 months. 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 Singapore. The bigger the amount received in Nigeria, the lower the overall cost of sending from Singapore.
Track the exchange rate for Singapore Dollar to Naira
Sending money at the right time between SGD and NGN can make a huge difference to overall cost. The exchange rate impacts how much NGN you get for your SGD.
Over the last six months, the average numbers are:
The exchange rate from SGD to NGN averaged 1,232.5033 NGN.
The highest value recorded was 1,303.1996 NGN, while the lowest was 1,147.438 NGN.
8 providers currently offer transfers between Singapore and Nigeria close to this rate
Want to secure the best SGD-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 Singapore to Nigeria!
How to pay for money transfers between Singapore and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Singapore to Nigeria.
Using a money transfer company such as Revolut for transfers from Singapore 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, Revolut is the cheapest provider for bank transfers of the 8 we compared for transfers from SGD to Nigeria.
To send money from Singapore to Nigeria, Revolut has an average fee of 0 SGD.
Debit cards and prepaid options
Sending money from Singapore 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 Singapore and Nigeria. This is of the 8 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Singapore to Nigeria, emerges as our top choice of the 8 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 Singapore.
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 Singapore to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD 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
