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How to send money from Nigeria to Senegal
Sending money from Nigeria to Senegal doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to get the best deal on your Nigeria to Senegal transfer
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from Nigeria to Senegal.
- Choose a provider
Select the provider that offers you the best value & service for transfers between Nigeria and Senegal.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Senegal.
Sending money from Nigeria to Senegal: key insights and tips
Don't settle for the first option. Always compare ways to send money from Nigeria to Senegal to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Nigeria and Senegal. Through this, you get a comprehensive view of all the options you have in Nigeria when you need to send money to Senegal.
Cheapest way to send money from Nigeria to Senegal
Without any money transfer providers serving the Nigeria to Senegal route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Nigeria to Senegal
When calculating the costs of money transfers between Nigeria and Senegal, here's what really matters:
The Mid-Market Rate: Today, the NGN-XOF mid-market rate equals to 0.3644. Keep in mind that this rate fluctuates all the time.
The NGN-XOF average exchange rate of the past week has been 0.3667, with a highest of 0.3691 and a lowest of 0.3644.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your NGN to XOF transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
How to find the best exchange rate for Naira to CFA Franc BCEAO
Timing is essential for sending money between NGN and XOF. The exchange rate you secure impacts how much XOF you get for your NGN.
Let's dive into some interesting recent trends.
In the last week, the exchange rate from NGN to XOF has seen some fluctuation. On average, it stood at 0.3667.
During this period, the highest value recorded was 0.3691, while the lowest was 0.3644.
, which is our recommended service to send money online from Nigeria to Senegal offers an exchange rate that is only % above the mid-market rate.
Want to secure the best NGN-CFA Franc BCEAO exchange rates?
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What payment methods are available when sending money from Nigeria to Senegal?
Sending bank transfers from Nigeria to Senegal
Bank transfers are the most common way of sending NGN to Senegal as they are secure, reliable, and convenient.
If you want to send Nairas to Senegal via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Nigeria to Senegal by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Nairas to Senegal with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Nigeria to Senegal by payment apps
If you’d like to send money from Nigeria to Senegal via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Nigeria to Senegal.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Senegal in CFA Franc BCEAO at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Nigeria to Senegal after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the NGN to XOF exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of NGN to XOF is 0.3644
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Senegal and Nigeria.
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 Nigeria to Senegal.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to XOF.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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