How to send money to Nigeria from Zambia with the best ZMW-NGN rate

The exchange rate determines the price you’ll pay for Naira when sending Zambian Kwacha to Nigeria.

The rate between the Zambian Kwacha and Naira is currently 63.3392. Western Union Agent offers the best exchange from ZMW-NGN.

The ZMW-NGN exchange rate is always moving.

Sometimes, waiting a day or two can help you get more NGN for the same amount of Zambian Kwacha. Using a forward contract that also allows you to lock in an agreed exchange rate between Zambia and Nigeria.

Sending money via a bank transfer is the recommended option for sending money from Zambia to Nigeria.

The company offering the best bank transfer price is Western Union Agent.

This bank transfer to Nigeria is 0% cheaper than the second-best option in the market.

Zambia and Nigeria have different regulations and you should ensure any provider you use to send or receive between the countries is regulated.

Our directory of financial regulators worldwide of key regulatory bodies highlights who can aid in keeping your money safe for money transfers between Zambia and Nigeria.

Some services between Zambia and Nigeria have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Nigeria as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Nigeria, use Western Union Agent. The combination of rates and fees when sending from Zambia to Nigeria is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Zambia, or entering Nigeria. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Naira in Nigeria. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Zambia to Nigeria will offer every method for incoming Naira, so it’s best to check ahead of time.

One of the more common ways to transfer from Zambia into Naira is directly into a bank account. Western Union Agent is the best company for bank transfers between Zambia and Nigeria.

And if you need cash right away, check if cash pickup is an option for transfers between Zambia and Nigeria.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Western Union Agent.

When signing up to and sending Zambian Kwacha to Nigeria, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in Zambia this will be a government issued ID such as a passport or driver's license. In Nigeria it will be similar, although this should only be needed if you are opening a new account in Nigeria, or collecting in cash. Sending to an existing bank account in Nigeria shouldn’t require any additional ID checks.

Large transactions between Zambia and Nigeria, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Western Union Agent has scored so highly for transfers to Nigeria is their easy sign up process in Zambia.

When sending large amounts of money between Zambia and Nigeria there will potentially be a tax declaration to consider.

Some transfers into Naira may need to be reported to tax authorities in Nigeria, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Nigeria based on age, income and a few other elements. When in doubt, please contact a tax professional in Zambia or Nigeria to discuss your personal circumstances.