We’ve compared 11 companies, and found Remitly to be the cheapest, while Revolut is the fastest.
Sending £500 gets you ₦929,800 with Remitly at 1,859.6000 NGN per GBP, about 0.8% more than the next best option.
| 11 of 11 providers Last updated on 10 November 2026 | |||
| Based on 500 GBP transfer Best companies for GBP/NGN transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee £3.34 1 GBP = 1856.0300 NGN -2.45% vs mid-market | Recipient gets ₦921,815.86 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer £3.341 GBP = 1856.0300 NGN ₦921,815.86You pay£500.00 | |||
| Promoted  WorldRemit Pay via Debit card | Fee £0.99 1 GBP = 1834.7473 NGN -1.30% vs mid-market | Recipient gets ₦915,557.25 Minutes - 2 days | |
Ways to receive money in Nigeria with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days £0.991 GBP = 1834.7473 NGN ₦915,557.25You pay£500.00 | |||
Run a live search Showing top United Kingdom to Nigeria deals for 500 GBP. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live GBP to NGN rates. | |||
Run a live search These companies offer multi-currency accounts for spending NGN. We suggest doing a live search based on how much GBP you're planning to spend in Nigeria. | |||
Run a live search These are managed services with real human support for large GBP transfers. Click the link and update the transfer amount to get the best deal. | |||
 Remitly Pay via Bank transfer | Fee £0.00 1 GBP = 1859.6000 NGN -2.65% vs mid-market | Recipient gets ₦929,800.00 Within a week | |
Ways to receive money in Nigeria with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 GBP = 1859.6000 NGN ₦929,800.00You pay£500.00 | |||
| Remitly Pay via Debit card | Fee £0.00 1 GBP = 1855.6000 NGN -2.43% vs mid-market | Recipient gets ₦927,800.00 Within minutes | |
Ways to receive money in Nigeria with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1855.6000 NGN ₦927,800.00You pay£500.00 | |||
| Remitly Pay via Credit card | Fee £0.00 1 GBP = 1855.6000 NGN -2.43% vs mid-market | Recipient gets ₦927,800.00 Within minutes | |
Ways to receive money in Nigeria with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 GBP = 1855.6000 NGN ₦927,800.00You pay£500.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee £0.99 1 GBP = 1844.7280 NGN -1.84% vs mid-market | Recipient gets ₦922,364.00 Minutes - 24 hours | |
Ways to receive money in Nigeria with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks £0.991 GBP = 1844.7280 NGN ₦922,364.00You pay£500.99 Cash pickupMinutes - 24 hours £4.991 GBP = 1807.8213 NGN ₦903,910.65You pay£504.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel Free1 GBP = 1667.7232 NGN ₦833,861.60You pay£500.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee £0.99 1 GBP = 1844.7280 NGN -1.84% vs mid-market | Recipient gets ₦922,364.00 Minutes - 24 hours | |
Ways to receive money in Nigeria with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks £0.991 GBP = 1844.7280 NGN ₦922,364.00You pay£500.99 Cash pickupMinutes - 24 hours £4.991 GBP = 1807.8213 NGN ₦903,910.65You pay£504.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel Free1 GBP = 1667.7232 NGN ₦833,861.60You pay£500.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee £0.99 1 GBP = 1844.7280 NGN -1.84% vs mid-market | Recipient gets ₦922,364.00 Minutes - 24 hours | |
Ways to receive money in Nigeria with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks £0.991 GBP = 1844.7280 NGN ₦922,364.00You pay£500.99 Cash pickupMinutes - 24 hours £4.991 GBP = 1807.8213 NGN ₦903,910.65You pay£504.99 Mobile moneyMinutes - 24 hoursAvailable via:SmartCash/Airtel Free1 GBP = 1667.7232 NGN ₦833,861.60You pay£500.00 | |||
| Wise Pay via Bank transfer | Fee £3.34 1 GBP = 1856.0300 NGN -2.45% vs mid-market | Recipient gets ₦921,815.86 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer £3.341 GBP = 1856.0300 NGN ₦921,815.86You pay£500.00 | |||
 TapTap Send Pay via Debit card | Fee £0.00 1 GBP = 1843.0000 NGN -1.75% vs mid-market | Recipient gets ₦921,500.00 Minutes | |
Ways to receive money in Nigeria with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 GBP = 1843.0000 NGN ₦921,500.00You pay£500.00 Mobile moneyMinutesAvailable via:FairMoney, Kuda Bank, OPay, PalmPay Free1 GBP = 1843.0000 NGN ₦921,500.00You pay£500.00 | |||
 Ria Money Transfer Pay via Credit card | Fee £3.99 1 GBP = 1856.5448 NGN -2.48% vs mid-market | Recipient gets ₦920,864.79 Minutes - 24 hours | |
Ways to receive money in Nigeria with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours £3.991 GBP = 1856.5448 NGN ₦920,864.79You pay£500.00 Mobile walletMinutes - 24 hours £3.991 GBP = 1856.5448 NGN ₦920,864.79You pay£500.00 Cash pickupMinutes - 24 hours £3.991 GBP = 1816.4310 NGN ₦900,967.94You pay£500.00 | |||
| Ria Money Transfer Pay via Debit card | Fee £3.99 1 GBP = 1856.5448 NGN -2.48% vs mid-market | Recipient gets ₦920,864.79 Minutes - 24 hours | |
Ways to receive money in Nigeria with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours £3.991 GBP = 1856.5448 NGN ₦920,864.79You pay£500.00 Mobile walletMinutes - 24 hours £3.991 GBP = 1856.5448 NGN ₦920,864.79You pay£500.00 Cash pickupMinutes - 24 hours £3.991 GBP = 1816.4310 NGN ₦900,967.94You pay£500.00 | |||
| Wise Pay via Debit card | Fee £4.90 1 GBP = 1856.0300 NGN -2.45% vs mid-market | Recipient gets ₦918,920.45 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer £4.901 GBP = 1856.0300 NGN ₦918,920.45You pay£500.00 | |||
 Paysend Pay via Debit card | Fee £0.00 1 GBP = 1837.3937 NGN -1.44% vs mid-market | Recipient gets ₦918,696.87 Minutes - 24 hours | |
Ways to receive money in Nigeria with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1837.3937 NGN ₦918,696.87You pay£500.00 | |||
| Paysend Pay via Credit card | Fee £0.00 1 GBP = 1837.3937 NGN -1.44% vs mid-market | Recipient gets ₦918,696.87 Minutes - 24 hours | |
Ways to receive money in Nigeria with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1837.3937 NGN ₦918,696.87You pay£500.00 | |||
| Only available via Mobile App WorldRemit Pay via Debit card | Fee £0.99 1 GBP = 1834.7473 NGN -1.30% vs mid-market | Recipient gets ₦915,557.25 Minutes - 2 days | |
Ways to receive money in Nigeria with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days £0.991 GBP = 1834.7473 NGN ₦915,557.25You pay£500.00 | |||
| Only available via Mobile App  Sendwave Pay via Debit card | Fee £0.99 1 GBP = 1834.7473 NGN -1.30% vs mid-market | Recipient gets ₦915,557.25 Minutes - 3 days | |
Ways to receive money in Nigeria with Sendwave when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days £0.991 GBP = 1834.7473 NGN ₦915,557.25You pay£500.00 | |||
 Western Union Pay via Debit card | Fee £0.00 1 GBP = 1805.6610 NGN +0.30% vs mid-market | Recipient gets ₦902,830.50 Minutes - 2 days | |
Ways to receive money in Nigeria with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 GBP = 1805.6610 NGN ₦902,830.50You pay£500.00 | |||
| Western Union Pay via Bank transfer | Fee £0.00 1 GBP = 1805.6610 NGN +0.30% vs mid-market | Recipient gets ₦902,830.50 Minutes - 2 days | |
Ways to receive money in Nigeria with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 GBP = 1805.6610 NGN ₦902,830.50You pay£500.00 | |||
 Instarem Pay via Bank transfer | Fee £0.00 1 GBP = 1803.0282 NGN +0.44% vs mid-market | Recipient gets ₦901,514.10 Minutes - 24 hours | |
Ways to receive money in Nigeria with Instarem when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1803.0282 NGN ₦901,514.10You pay£500.00 | |||
| Instarem Pay via Debit card | Fee £0.00 1 GBP = 1803.0282 NGN +0.44% vs mid-market | Recipient gets ₦901,514.10 Minutes - 24 hours | |
Ways to receive money in Nigeria with Instarem when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1803.0282 NGN ₦901,514.10You pay£500.00 | |||
| Wise Pay via Credit card | Fee £14.33 1 GBP = 1856.0300 NGN -2.45% vs mid-market | Recipient gets ₦901,418.09 Within minutes | |
Ways to receive money in Nigeria with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer £14.331 GBP = 1856.0300 NGN ₦901,418.09You pay£500.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee £0.40 1 GBP = 1794.5628 NGN +0.91% vs mid-market | Recipient gets ₦896,563.58 Within minutes | |
Ways to receive money in Nigeria with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes £0.401 GBP = 1794.5628 NGN ₦896,563.58You pay£500.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| How Our Results Work Mid-market rate: 1 GBP = 1811.0544 NGN Updates every 60 minutes. | |||
Transfer details
For a one-off GBP transfer to Nigeria, I suggest picking the cheapest option which is Remitly.
Remitly was the cheapest on 26 of the 30 days it quoted £500 transfers to Nigeria.
On a 500 GBP transfer, Remitly delivers the most NGN.
The best option will change depending on how much you actually send, so I suggest to get the best GBP/NGN rate.
You have 3 ways to pay, including debit card, bank transfer, and credit card.
Paying from your bank is usually the fastest, since most companies connect to your banking app via Open Banking.
Anywhere a debit card works, Apple Pay and Google Pay usually do too.
First time round you'll need to confirm your name, date of birth, address and a photo ID.
On a £500 transfer the verification is normally instant but can take a couple of hours.
How much GBP you send to Nigeria heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows Remitly was the cheapest in 0% of the transfers from £6,000 it quoted, and in 62% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| £500This page | -2.65% | £0.00 | ₦929,800.00with bank transfer to bank deposit | +₦14,007.76 | |
| £600 | -2.51% | £0.00 | ₦1,114,188.00with bank transfer to bank deposit | +₦15,316.58 | |
| £1,000 | -2.24% | £0.00 | ₦1,851,760.00with bank transfer to bank deposit | +₦21,803.83 | |
| £2,000 | -2.03% | £0.00 | ₦3,695,680.00with bank transfer to bank deposit | +₦32,744.42 | |
| £6,000 | -2.61% | £33.43 | ₦11,090,540.98with bank transfer to bank deposit | +₦102,472.38 | |
| £10,000 | -2.46% | £55.30 | ₦18,456,269.28with bank transfer to bank deposit | +₦182,656.78 | |
| £50,000 | -2.44% | £243.11 | ₦92,360,729.49with bank transfer to bank deposit | +₦934,216.60 | |
| £250,000 | -1.73% | £0.00 | ₦460,750,000.00with debit card to bank deposit | +₦6,361,500.30 |
Mid-market rate: 1 GBP = 1811.0544 NGN
The cheapest way to send GBP to NGN can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Remitly), across 30 days of comparisons for 500 GBP transfers to Nigeria.
Tue, 10 Nov 2026Mid-market rate₦905,527.19 Remitly ₦929,800.00Remitly₦929,800.00MoneyGram₦922,364.00Wise₦921,815.86
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1763.7375 | – | ₦881,868.73 | |
| | 1842.9770 | £3.99 | ₦914,135.02 | +₦32,266.29 |
| | 1806.3400 | £3.34 | ₦897,136.82 | +₦15,268.09 |
| | 1792.9032 | £0.99 | ₦896,451.60 | +₦14,582.87 |
| | 1788.8900 | £0.00 | ₦894,445.00 | +₦12,576.27 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1759.6061 | – | ₦879,803.05 | |
| | 1801.0300 | £0.00 | ₦900,515.00 | +₦20,711.95 |
| | 1799.7309 | £0.99 | ₦899,865.45 | +₦20,062.40 |
| | 1803.2700 | £3.34 | ₦895,612.08 | +₦15,809.03 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1749.2624 | – | ₦874,631.20 | |
| | 1802.5129 | £0.99 | ₦901,256.45 | +₦26,625.25 |
| | 1800.8600 | £0.00 | ₦900,430.00 | +₦25,798.80 |
| | 1792.3700 | £3.34 | ₦890,198.48 | +₦15,567.28 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1762.5284 | – | ₦881,264.18 | |
| | 1815.4900 | £0.00 | ₦907,745.00 | +₦26,480.82 |
| | 1800.9387 | £0.99 | ₦900,469.35 | +₦19,205.17 |
| | 1804.7900 | £3.34 | ₦896,367.00 | +₦15,102.82 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1771.8317 | – | ₦885,915.87 | |
| | 1818.5900 | £0.00 | ₦909,295.00 | +₦23,379.13 |
| | 1801.3664 | £0.99 | ₦900,683.20 | +₦14,767.33 |
| | 1808.0000 | £3.34 | ₦897,961.28 | +₦12,045.41 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1770.0439 | – | ₦885,021.93 | |
| | 1822.4300 | £0.00 | ₦911,215.00 | +₦26,193.07 |
| | 1807.9432 | £0.99 | ₦903,971.60 | +₦18,949.67 |
| | 1810.0700 | £3.34 | ₦898,989.37 | +₦13,967.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1770.0439 | – | ₦885,021.93 | |
| | 1821.2500 | £0.00 | ₦910,625.00 | +₦25,603.07 |
| | 1807.9432 | £0.99 | ₦903,971.60 | +₦18,949.67 |
| | 1810.0700 | £3.34 | ₦898,989.37 | +₦13,967.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1777.2495 | – | ₦888,624.77 | |
| | 1816.2100 | £0.00 | ₦908,105.00 | +₦19,480.23 |
| | 1807.9432 | £0.99 | ₦903,971.60 | +₦15,346.83 |
| | 1811.3500 | £3.34 | ₦899,625.09 | +₦11,000.32 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1771.6115 | – | ₦885,805.73 | |
| | 1821.2500 | £0.00 | ₦910,625.00 | +₦24,819.27 |
| | 1811.7149 | £0.99 | ₦905,857.45 | +₦20,051.72 |
| | 1816.4000 | £3.34 | ₦902,133.22 | +₦16,327.49 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1779.1275 | – | ₦889,563.77 | |
| | 1827.3100 | £0.00 | ₦913,655.00 | +₦24,091.23 |
| | 1815.2358 | £0.99 | ₦907,617.90 | +₦18,054.13 |
| | 1816.6100 | £3.34 | ₦902,237.52 | +₦12,673.75 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1785.8463 | – | ₦892,923.13 | |
| | 1826.4500 | £0.00 | ₦913,225.00 | +₦20,301.87 |
| | 1819.0215 | £0.99 | ₦909,510.75 | +₦16,587.62 |
| | 1821.6700 | £3.34 | ₦904,750.62 | +₦11,827.49 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1781.7881 | – | ₦890,894.06 | |
| | 1840.2536 | £0.99 | ₦918,304.96 | +₦27,410.90 |
| | 1833.2600 | £0.00 | ₦916,630.00 | +₦25,735.94 |
| | 1818.5899 | £0.99 | ₦909,294.95 | +₦18,400.89 |
| | 1822.4100 | £3.34 | ₦905,118.15 | +₦14,224.09 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1781.5641 | – | ₦890,782.06 | |
| | 1827.5400 | £0.00 | ₦913,770.00 | +₦22,987.94 |
| | 1821.9989 | £0.99 | ₦910,999.45 | +₦20,217.39 |
| | 1822.6200 | £3.34 | ₦905,222.45 | +₦14,440.39 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1781.5641 | – | ₦890,782.06 | |
| | 1826.3000 | £0.00 | ₦913,150.00 | +₦22,367.94 |
| | 1821.9989 | £0.99 | ₦910,999.45 | +₦20,217.39 |
| | 1822.6200 | £3.34 | ₦905,222.45 | +₦14,440.39 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1800.2613 | – | ₦900,130.63 | |
| | 1826.3300 | £0.00 | ₦913,165.00 | +₦13,034.37 |
| | 1835.9000 | £3.34 | ₦911,818.09 | +₦11,687.46 |
| | 1821.9989 | £0.99 | ₦910,999.45 | +₦10,868.82 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1788.7741 | – | ₦894,387.07 | |
| | 1836.9698 | £0.99 | ₦918,484.90 | +₦24,097.83 |
| | 1845.3700 | £3.34 | ₦916,521.46 | +₦22,134.39 |
| | 1831.3500 | £0.00 | ₦915,675.00 | +₦21,287.93 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1783.5337 | – | ₦891,766.84 | |
| | 1841.2600 | £0.00 | ₦920,630.00 | +₦28,863.16 |
| | 1839.3971 | £0.99 | ₦919,698.55 | +₦27,931.71 |
| | 1833.5100 | £3.34 | ₦910,631.08 | +₦18,864.24 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1792.0697 | – | ₦896,034.85 | |
| | 1845.1800 | £0.00 | ₦922,590.00 | +₦26,555.15 |
| | 1830.0477 | £0.99 | ₦915,023.85 | +₦18,989.00 |
| | 1837.7500 | £3.34 | ₦912,736.92 | +₦16,702.07 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1803.9068 | – | ₦901,953.40 | |
| | 1854.7800 | £0.00 | ₦927,390.00 | +₦25,436.60 |
| | 1831.1808 | £0.99 | ₦915,590.40 | +₦13,637.00 |
| | 1836.8300 | £3.34 | ₦912,279.99 | +₦10,326.59 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1803.9337 | – | ₦901,966.83 | |
| | 1851.8700 | £0.00 | ₦925,935.00 | +₦23,968.17 |
| | 1837.8825 | £0.99 | ₦918,941.25 | +₦16,974.42 |
| | 1833.4300 | £3.34 | ₦910,591.34 | +₦8,624.51 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1803.8664 | – | ₦901,933.18 | |
| | 1849.0700 | £0.00 | ₦924,535.00 | +₦22,601.82 |
| | 1837.8825 | £0.99 | ₦918,941.25 | +₦17,008.07 |
| | 1833.4300 | £3.34 | ₦910,591.34 | +₦8,658.16 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1801.5936 | – | ₦900,796.81 | |
| | 1848.5000 | £0.00 | ₦924,250.00 | +₦23,453.19 |
| | 1837.8825 | £0.99 | ₦918,941.25 | +₦18,144.44 |
| | 1829.9700 | £3.34 | ₦908,872.90 | +₦8,076.09 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1798.8064 | – | ₦899,403.20 | |
| | 1850.7900 | £0.00 | ₦925,395.00 | +₦25,991.80 |
| | 1837.3336 | £0.99 | ₦918,666.80 | +₦19,263.60 |
| | 1846.4400 | £3.34 | ₦917,052.89 | +₦17,649.69 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1807.4526 | – | ₦903,726.32 | |
| | 1859.1500 | £0.00 | ₦929,575.00 | +₦25,848.68 |
| | 1847.3830 | £0.99 | ₦923,691.50 | +₦19,965.18 |
| | 1852.3100 | £3.34 | ₦919,968.28 | +₦16,241.96 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1816.3435 | – | ₦908,171.76 | |
| | 1868.8000 | £0.00 | ₦934,400.00 | +₦26,228.24 |
| | 1857.0270 | £0.99 | ₦928,513.50 | +₦20,341.74 |
| | 1856.1600 | £3.34 | ₦921,880.43 | +₦13,708.67 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1804.8153 | – | ₦902,407.66 | |
| | 1854.4800 | £0.00 | ₦927,240.00 | +₦24,832.34 |
| | 1853.6002 | £0.99 | ₦926,800.10 | +₦24,392.44 |
| | 1841.4400 | £3.34 | ₦914,569.59 | +₦12,161.93 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1799.4689 | – | ₦899,734.45 | |
| | 1843.8300 | £0.00 | ₦921,915.00 | +₦22,180.55 |
| | 1837.0247 | £0.99 | ₦918,512.35 | +₦18,777.90 |
| | 1832.6500 | £3.34 | ₦910,203.95 | +₦10,469.50 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1800.8834 | – | ₦900,441.72 | |
| | 1846.4800 | £0.00 | ₦923,240.00 | +₦22,798.28 |
| | 1837.0247 | £0.99 | ₦918,512.35 | +₦18,070.63 |
| | 1832.6500 | £3.34 | ₦910,203.95 | +₦9,762.23 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1806.1394 | – | ₦903,069.70 | |
| | 1847.2800 | £0.00 | ₦923,640.00 | +₦20,570.30 |
| | 1837.0247 | £0.99 | ₦918,512.35 | +₦15,442.65 |
| | 1840.2200 | £3.34 | ₦913,963.67 | +₦10,893.97 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1811.0544 | – | ₦905,527.19 | |
| | 1859.6000 | £0.00 | ₦929,800.00 | +₦24,272.81 |
| | 1844.7280 | £0.99 | ₦922,364.00 | +₦16,836.81 |
| | 1856.0300 | £3.34 | ₦921,815.86 | +₦16,288.67 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1811.0544 | – | ₦905,527.19 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send £500, after fees, as quoted by each company. The mid-market line shows what £500 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more NGN per GBP than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 30 of the last 30 days.
Right now, Remitly pays 929,800 NGN on 500 GBP, which is 24,272.81 NGN more than the mid-market amount, so it's a good deal (pretty much free money).
Today's payout isn't the best this month though, since the highest receive amount was 934,400 NGN.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
If you need to send money now, it's a good time to send.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Nigeria.
We've tracked 238 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.
Cheapest in 57% of them
Cheapest in 51% of them
Cheapest in 6% of them
Based on 56 comparisons across 8 amounts over the last 7 days.
Cheapest in 62% of them
Cheapest in 50% of them
Cheapest in 7% of them
Based on 238 comparisons across 8 amounts over the last 30 days.
Cheapest in 33% of them
Cheapest in 57% of them
Cheapest in 5% of them
Based on 563 comparisons across 8 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Remitly is the cheapest and gets you the most NGN, and it was also the cheapest in 62% of the 120 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Nigeria.
MoneyGram (today's second cheapest) was the cheapest in 50% of its comparisons, so if you send money to Nigeria regularly, it's worth comparing it with Remitly before each transfer.
There are many ways to send money to Nigeria from the UK, including app, online, in person, global business account, digital wallet, multi-currency account, and SNPL, and more.
For small & frequent transfers
If you send small amounts back home to Nigeria, say weekly or monthly, an app like Remitly is the easiest and cheapest way to do it.
It charges £0 in fees, has -2.65% markup, lets you save recipient details, and NGN will arrive in minutes.
Over the past month, Remitly was the cheapest app on 87% of the days it appeared for £500 transfers.
For one off transfers
Sending money online is good for occasional medium sized NGN transfers, around £1,000 - £5,000.
Online companies like Remitly often have higher limits and/or first time promos.
Of the 11 companies we compared, Remitly is the cheapest online service and will get you ₦929,800 on a £500 transfer.
In our comparisons over the past month, it was the cheapest online service on 27 of the 30 days it quoted.
For large transfers
Currency brokers like TorFX or Key Currency, are the best for sending large amounts (£10k+) to Nigeria.
They charge no fees but add a percentage on top of the GBP/NGN interbank rate (which gets better the more you send).
We suggest to compare your options.
For spending and receiving
Multi-currency accounts let you hold and spend Nairas abroad like a local.
Wise offers the best multi-currency account.
With it, converting £500 to NGN will get you ₦921,815.86 after fees.
If you don’t have NGN in your account, your GBP will auto-convert whenever you pay with Wise in Nigeria.
Once you have NGN in the account, there are no extra fees from Wise for spending or holding it (local ATM charges may still apply).
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
For business transfers
Global accounts are for UK businesses making payments overseas.
For suppliers, freelancers, salaries, or invoices in Nigeria, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.
Pay-in and pay-out methods will affect how much GBP you deposit and how much NGN your recipient gets. Use the table below to see how different options change how much you pay and what they get.
The overall best and cheapest way to send £500 to Nigeria is via Remitly, using a bank transfer to deposit GBP and bank deposit to receive NGN.
You have 3 pay-in options for transfers to Nigeria, including debit card, bank transfer, and credit card.
The cheapest pay-in option is credit card.
The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).
The most expensive deposit option is bank transfer.
Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.
Money can reach Nigeria by bank deposit, cash pickup, mobile money, and mobile wallet, and each delivery method comes with its own fees.
The cheapest way to receive money in Nigeria is with bank deposit on average.
Receiving cash
Remitly is the cheapest option for cash pickup (getting you ₦929,800 on a £500 transfer).
Mobile wallets
You can receive NGN into a mobile wallet, which is useful since they don't need a bank account.
Mobile money
You can send money directly to a mobile number in Nigeria.
and use our filters to find the company offering mobile money at the best GBP/NGN rate.
You pay £500.00
₦929,800
Cheapest
You pay £500.00
₦927,800
-₦2,000
You pay £500.00
₦927,800
-₦2,000
You pay £500.00
₦921,500
-₦8,300
You pay £500.00
₦920,865
-₦8,935
You pay £500.00
₦920,865
-₦8,935
You pay £504.99
₦903,911
-₦25,889
You pay £504.99
₦903,911
-₦25,889
You pay £504.99
₦903,911
-₦25,889
You pay £500.00
₦833,862
-₦95,938
You pay £500.00
₦833,862
-₦95,938
There are a few nuances you should consider before sending GBP to Nigeria such as limits, taxes, and safety.
Right now, these are the best money transfer options for a £500 transfer to Nigeria:
Cheapest way to send money to Nigeria
The cheapest way is to use Remitly, pay in with a bank transfer and withdraw via bank deposit. You will get ₦929,800, which is 0.8% more than the next best option.
Fastest way to send money to Nigeria
The fastest way is to use Revolut via bank transfer deposit and bank deposit for pay out. You get ₦896,563.58 and it will arrive in within minutes.
There is no legal limit and no tax on sending your own money abroad.
Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).
Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.
And on bigger GBP/NGN transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.
These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.
Your cost is the fee plus the exchange-rate margin.
For example, sending £500 with Remitly will get you 929,800 NGN, that’s including £0 fee and -2.65% in exchange rate markup.
There is no UK tax for the act of sending money to Nigeria.
And, regular gifts from your normal income are free of inheritance tax straight away, with no cap and no seven-year wait, as long as you can still cover your usual living costs.
Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.
The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.
Always confirm who you're really sending to before you send, because there's little recourse after.
For more information, check our guide to money transfer regulations in the UK.
We track 11 regulated companies offering money transfers from the UK to Nigeria in real time.
We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.
Most GBP/NGN pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.
In the past 30 days alone, we analysed 238 comparisons across 8 amounts.
This page covers the cheapest and fastest options for GBP/NGN transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
More on how we work:
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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