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Send money from Venezuela 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 Venezuela to Nigeria
While you can’t send VES 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 Venezuela 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 VES 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 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
Compare providers
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.
Watch the Bolivar-Naira exchange rate
Choose the right payment method
Use providers regulated in Nigeria and Venezuela
Consider transfer limits
Receiving money in Nigeria
Have your ID ready
Tax declarations
The cheapest way to send money to Nigeria from Venezuela 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 VES/NGN.
The main cost is made up of the fee (around 3 VES) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much VES you are sending.
The fastest way to send money to Nigeria from Venezuela 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 VES/NGN, cash transfer with MoneyGram is the fastest way.
Transfer a large amount of money
Western Union Agent 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.
Western Union Agent 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 5.8981 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 7 days the VES-NGN mid-market rate has been 5.9863 NGN per Bolivar, this has had a high of 6.0283 and a low of 5.9313.
From the 3 companies compared, Western Union Agent 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 Western Union Agent, just 3 VES per transfer. 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 7 days, the mid-market rate from VES to NGN was 5.9863.
During this period, it hit a high of 6.0283, and a low of 5.9313.
Western Union Agent, which is our recommended service to send money online from Venezuela to Nigeria offers an exchange rate that is only 5% above the mid-market rate.
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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 Western Union Agent for transfers from Venezuela to Nigeria, will mean being able to 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 of the 3 we compared for transfers from VES to Nigeria.
To send money from Venezuela to Nigeria, Western Union Agent has a fee of 3 VES.
Debit cards and prepaid options
Sending money from Venezuela to Nigeria with a debit card or a prepaid card is very simple with Western Union Agent.
Western Union Agent 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 transfers from Venezuela to Nigeria, we recommend comparing your options to get the best deal.
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 and review methodology.
Money transfer company reviews
