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Overall best way: Payoneer
We tested & reviewed 3 transfer providers, and Payoneer scored highly.
In the last six months, Payoneer appeared in 47.1% of Venezuela to Nigeria searches, and was the top rated company supporting payments Venezuela into Naira.
So for a great mix of cost, speed & features, make your Venezuela to Nigeria transfer using Payoneer.
How to to send from Venezuela 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 Venezuela to Nigeria.
- Choose a provider
Select the provider that offers you the best value on your Bolivar & 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 Venezuela to Nigeria
Comparing providers offering services between Venezuela 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 Bolivar to Nigeria.
This ensures you get the best options for transfers to Nigeria from Venezuela, based on the amount you want to send.
Cheapest way to send money to Nigeria from Venezuela: Sokin
Data collected through our comparison over the past six months shows that Sokin is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* VES and an exchange rate for buying Naira with Bolivar that is 0.5% different to the mid-market rate.
If you want to secure the best rates on a Venezuela to Nigeria transfer, Sokin offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to VES-NGN by Sokin, based on data from the past six months.
Fastest money transfers from Venezuela to Nigeria: Payoneer.
Through our comparison, we found Payoneer to be the fastest option to transfer money from Venezuela to Naira in 44.4% of instances.
Over the last six months, sending money from Venezuela to Nigeria through Payoneer have an average fee of 0 VES.
Payoneer was one of 3 money transfer providers we compared for overall speed of sending money from Venezuela to Nigeria. This speed test included depositing Bolivars 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 Venezuela to Nigeria.
Transfer a large amount of money
Payoneer is the best rated company for sending large amounts of Naira to Nigeria out of 3 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to Nigeria from Venezuela has the potential to be very expensive.
Payoneer is our choice for big transfers to VES because of all round price, speed and management when making large transfers.
Understanding the cost of transferring money from Venezuela to Nigeria
The total cost of money transfers from Venezuela to Nigeria is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for VES-NGN is currently 36.4742 NGN per Bolivar. Providers offering services closer to this rate will ensure more Naira for your Bolivars.
To give a historic average, over the last three months the VES-NGN mid-market rate has been 42.5215 NGN per Bolivar, this has had a high of 45.3153 and a low of 40.7492.
From the 3 companies compared, Revolut offers the best exchange rate on transfers to Nigeria and Venezuela.
Generally, the exchange rate you receive on converting VES to NGN will be the biggest factor impacting the cost of sending Bolivars to Nigeria.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Revolut at an average of 0 VES per transfer over the last 6 months. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in Naira. Simply, the higher the amount received in Venezuela, the lower the cost of sending from Nigeria.
Getting best exchange rate for sending Bolivar to Naira
Timing is essential when tracking the mid-market rate between VES and NGN. The end exchange rate you secure impacts how much NGN you get for your VES.
The recent mid-market rate trends are:
Over the past six months, the mid-market rate from VES to NGN was 42.5215.
During this period, it hit a high of 45.3153, and a low of 40.7492.
Payoneer, which is our recommended service to send money online from Venezuela to Nigeria offers an exchange rate that is only 1.5% above the mid-market rate.
Want to secure the best VES-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 Venezuela to Nigeria!
How to pay for money transfers between Venezuela and Nigeria
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Venezuela to Nigeria.
Using a money transfer company such as Sokin for transfers from Venezuela 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, Sokin is the cheapest provider for bank transfers of the 3 we compared for transfers from VES to Nigeria.
To send money from Venezuela to Nigeria, Sokin has an average fee of 0 VES.
Debit cards and prepaid options
Sending money from Venezuela 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 Venezuela and Nigeria. This is of the 3 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Venezuela to Nigeria, Instarem emerges as our top choice of the 3 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 Venezuela.
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 Venezuela to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send VES 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
