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Send money from Togo 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 Togo 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 Togo 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 Togo 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 Togo.
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 for money transfers from Togo to Nigeria
Compare providers
Comparing providers offering services between Togo and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 3 companies that provide the ability to send CFA Franc BCEAO to Nigeria.
This ensures you get the best options for transfers to Nigeria from Togo, based on the amount you want to send.
Watch the CFA Franc BCEAO-Naira exchange rate
Choose the right payment method
Use providers regulated in Nigeria and Togo
Consider transfer limits
Receiving money in Nigeria
Have your ID ready
Tax declarations
The cheapest way to send money to Nigeria from Togo 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 Togo 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 Togo 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 Togo.
Understanding the cost of sending money to Nigeria from Togo
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 XOF-NGN is 2.5538 NGN per CFA Franc BCEAO.
Finding a provider offering an exchange as close to 2.5538 as possible will ensure more Naira received when transferring.
For context, the XOF-NGN mid-market rate for the past 7 days has averaged 2.5497 NGN per CFA Franc BCEAO. This includes a high of 2.5591, and low of 2.5349.
Western Union Agent currently offers the best exchange rate on transfers from Togo to Nigeria.
For the most part the XOF-NGN exchange rate you receive is the biggest factor impacting the cost of sending XOF to Nigeria.
Fees: Outside of exchange rates, you may need to pay a fee to send. Western Union Agent currently offers the lowest fees on transfers to Nigeria from Togo. They charge 3 XOF per transfer.
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 CFA Franc BCEAOs to NGN, paired with a low fee, means a higher total amount received in Nigeria.
Finding the best exchange rate for CFA Franc BCEAO to Naira
Timing is essential for sending money between XOF and NGN. The exchange rate you secure impacts how much NGN you get for your XOF.
Over the last week, here’s what we’ve seen:
The exchange rate from XOF to NGN averaged 2.5497 NGN.
The highest value recorded was 2.5591 NGN, while the lowest was 2.5349 NGN.
There are currently 3 providers offering transfers between Togo and Nigeria close to this rate
Want to secure the best XOF-Naira exchange rates?
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Payment methods for Togo to Nigeria transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Togo to Nigeria.
By opting for a money transfer company such as Western Union Agent for transfers from Togo to Nigeria, you can 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 from the 3 we tested when sending XOF to Nigeria.
With a fee of XOF3 to send money from Togo to Nigeria, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Togo to Nigeria is easy with Western Union Agent.
Western Union Agent is a market leader in debit card payments for transfers from Togo to Nigeria, this is among a total of 3 money transfer companies compared.
Credit cards transfers
When it comes to the credit card deposits, when sending money from Togo to Nigeria, we recommend comparing your options to get the best deal.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Togo.
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 Togo 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
