Overall best way: Wise
We tested & reviewed 17 transfer providers, and Wise scored highly.
In the last six months, Wise appeared in 51.1% of United Kingdom to Nigeria searches, and was the top rated company supporting payments the United Kingdom into Naira.
So for a great mix of cost, speed & features, make your United Kingdom to Nigeria transfer using Wise.
How to compare companies offering money transfers from United Kingdom to Nigeria
Considerations ahead of sending money from United Kingdom to Nigeria
A comparison of providers offering services between the United Kingdom and Nigeria, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 17 providers that provide services for sending Pound Sterling to Nigeria. This ensures you will get the best options for your transfer to Nigeria from the United Kingdom.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Kingdom to Nigeria.
Cheapest way to send money to Nigeria from the United Kingdom: TalkRemit
Data collected through our comparison over the past six months shows that TalkRemit is % cheaper than the second-best option.
The cost is made up of an average fee of 0* GBP and an exchange rate for buying Naira with Pound Sterling that is -3.74% different to the mid-market rate.
If you want to secure the best rates on a United Kingdom to Nigeria transfer, TalkRemit offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to GBP-NGN by TalkRemit, based on data from the past six months.
Fastest money transfers from United Kingdom to Nigeria: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from the United Kingdom to Naira in 47.1% of instances.
Over the last six months, sending money from the United Kingdom to Nigeria through Wise have an average fee of 6.77 GBP.
Wise was one of 17 money transfer providers we compared for overall speed of sending money from the United Kingdom to Nigeria. This speed test included depositing Pound Sterlings to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Wise is our best choice for sending from United Kingdom to Nigeria.
Transferring large sums of money
Of the 17 money transfer companies tested, Wise is the strongest option for large transfers from the United Kingdom to Nigeria.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from the United Kingdom to Nigeria can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to GBP because they offer a strong all-round product.
Understanding the costs involved when transferring money to Nigeria from United Kingdom
When calculating the cost of sending money from the United Kingdom to Nigeria, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-NGN mid-market rate is 1,955.1342 NGN per Pound Sterling. Finding a provider as close to this number as possible will ensure more Naira for your money.
As a comparison, the GBP-NGN mid-market rate for the past three months has averaged 2,115.9192 NGN per Pound Sterling, hitting a high of 2,239.3013 and a low of 1,868.5234.
TalkRemit is currently offering the best exchange rate on transfers between the United Kingdom and Nigeria.
Often the GBP-NGN exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Nigeria.
Fees: Transfer fees are charged on top of a transfer. TalkRemit currently offers lowest fees, at an average of 0 GBP over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Naira is the biggest indicator in the total cost of sending money to the United Kingdom from Nigeria. The higher the total amount received in Nigeria, the lower the cost of sending from the United Kingdom.
Tracking the exchange rate for Pound Sterling to Naira
Getting a better exchange rate between GBP and NGN can make a huge difference to the overall cost of sending money.
Over the last six months, between the United Kingdom and Nigeria, the average numbers are:
GBP to NGN saw an average 2,115.9192 NGN mid-market rate.
The highest point was 2,239.3013 NGN, while the lowest was 1,868.5234 NGN.
17 providers are currently offering transfers between the United Kingdom and Nigeria.
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Funding your United Kingdom to Nigeria transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and United Kingdom.
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 United Kingdom to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.