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Overall best way: Payoneer
We tested & reviewed 5 transfer providers, and Payoneer scored highly.
In the last six months, Payoneer appeared in 83.7% of Tanzania to Nigeria searches, and was the top rated company supporting payments Tanzania into Naira.
So for a great mix of cost, speed & features, make your Tanzania to Nigeria transfer using Payoneer.
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.
Summary of recent searches
Considerations for money transfers from Tanzania to Nigeria
Comparing providers offering services between Tanzania 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 Tanzanian Shilling to Nigeria.
This ensures you get the best options for transfers to Nigeria from Tanzania, based on the amount you want to send.
Cheapest way to send money to Nigeria from Tanzania: Multipass
Data collected through our comparison over the past six months shows that Multipass is 0.7% cheaper than the second-best option.
The cost is made up of an average fee of 0* TZS and an exchange rate for buying Naira with Tanzanian Shilling that is 0.5% different to the mid-market rate.
If you want to secure the best rates on a Tanzania to Nigeria transfer, Multipass offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to TZS-NGN by Multipass, based on data from the past six months.
Fastest money transfers from Tanzania to Nigeria: Payoneer.
Through our comparison, we found Payoneer to be the fastest option to transfer money from Tanzania to Naira in 82.3% of instances.
Over the last six months, sending money from Tanzania to Nigeria through Payoneer have an average fee of 0 TZS.
Payoneer was one of 5 money transfer providers we compared for overall speed of sending money from Tanzania to Nigeria. This speed test included depositing Tanzanian Shillings to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Payoneer is our best choice for sending from Tanzania to Nigeria.
Sending large sums of money?
Of the 5 companies tested, Payoneer 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 Tanzania can be expensive.
Payoneer is our choice for big transfers to TZS because of all round price, speed and management when making large transfers.
Understanding the cost of money transfers to Nigeria from Tanzania
The total cost of sending money to Nigeria from Tanzania is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for TZS-NGN is 0.6287 NGN per Tanzanian Shilling.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Naira for your Tanzanian Shillings.
The TZS-NGN mid-market rate over the last three months has seen the Tanzanian Shilling worth an average 0.5961 NGN. Within this there has been a high of 0.6131, and a low of 0.525.
From 5 companies compared, Multipass offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting TZS to NGN.
Fees: When sending money there may be additional fees. Multipass offers the lowest fee of the 5 providers tested, averaging 0 TZS per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Naira eventually received in Nigeria.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Nigeria, means a better overall cost of sending money from Tanzania.
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 six months, here’s what we’ve seen:
The exchange rate from TZS to NGN averaged 0.5961 NGN.
The highest value recorded was 0.6131 NGN, while the lowest was 0.525 NGN.
There are currently 5 providers offering transfers between Tanzania and Nigeria close to this rate
Want to secure the best TZS-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 Tanzania to Nigeria!
How to pay for money transfers between Tanzania and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Tanzania to Nigeria.
Using a money transfer company such as Multipass for transfers from Tanzania 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, Multipass is the cheapest provider for bank transfers of the 5 we compared for transfers from TZS to Nigeria.
To send money from Tanzania to Nigeria, Multipass has an average fee of 0 TZS.
Debit cards and prepaid options
Sending money from Tanzania 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 Tanzania 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 Tanzania to Nigeria, Instarem 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 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.
Money transfer company reviews
