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How to send money from Tanzania to Nigeria
Sending money from Tanzania to Nigeria doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to to send from Tanzania 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 Tanzania to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your Tanzanian Shilling & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Sending money from Tanzania to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from Tanzania to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Tanzania and Nigeria. Through this, you get a comprehensive view of all the options you have in Tanzania when you need to send money to Nigeria.
Cheapest way to send money from Tanzania to Nigeria
Without any money transfer providers serving the Tanzania to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Tanzania to Nigeria
When calculating the costs of money transfers between Tanzania and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the TZS-NGN mid-market rate equals to 0.5983. Keep in mind that this rate fluctuates all the time.
The TZS-NGN average exchange rate of the past week has been 0.6105, with a highest of 0.659 and a lowest of 0.5721.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your TZS to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Finding the best exchange rate for Tanzanian Shilling to Naira
Timing is essential for sending money between TZS and NGN. The exchange rate you secure impacts how much NGN you get for your TZS.
Over the last week, here’s what we’ve seen:
The exchange rate from TZS to NGN averaged 0.6105 NGN.
The highest value recorded was 0.659 NGN, while the lowest was 0.5721 NGN.
There are currently 4 providers offering transfers between Tanzania and Nigeria close to this rate
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What payment methods are available when sending money from Tanzania to Nigeria?
Sending bank transfers from Tanzania to Nigeria
Bank transfers are the most common way of sending TZS to Nigeria as they are secure, reliable, and convenient.
If you want to send Tanzanian Shillings to Nigeria via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Tanzania to Nigeria by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Tanzanian Shillings to Nigeria with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Tanzania to Nigeria by payment apps
If you’d like to send money from Tanzania to Nigeria via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Tanzania to Nigeria.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Nigeria in Naira at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Tanzania to Nigeria after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the TZS to NGN exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of TZS to NGN is 0.5983
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Tanzania.
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 Tanzania to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send TZS to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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