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Send money from Nigeria to South Africa
"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."
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 NGN to South Africa is to use cash transfer via Western Union
We’ve analysed 100s of money transfer companies, and found that the overall coverage of NGN/ZAR transfers is very limited for online transfers.
This is why we suggest sending cash as an alternative, using Western Union.
The transfer fees depend on which branch you use and how much you send, but overall you can expect to pay around 3 NGN for a 360,000 NGN transfer.
Depending on where you are, we suggest checking Western Union to see what deposit methods you have available.
In many cases you can deposit NGN online and the recipient in South Africa will need to visit a branch to pick up ZAR.
Compare for the best deal on your Nigeria to South Africa transfer
Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Nigeria to South Africa.
Choose a provider
Pick the provider that offers you the best value & service for your needs for NGN to ZAR transfers.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Nigeria to South Africa
Compare available providers
A comparison of providers offering services between Nigeria and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.
For services allowing you to send Naira to South Africa we've compared 3 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Nigeria.
Overall, we rated Western Union Agent as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Nigeria to South Africa.
Getting the best Naira-Rand exchange rate
Choose the right payment method
Financial regulators
Consider transfer limits
Consider how the money will be received
Have your ID ready
Tax declarations in South Africa
The cheapest way to send money from Nigeria to South Africa is a cash transfer via MoneyGram.
The cheapest way to send money to South Africa from Nigeria is via a cash transfer through a MoneyGram Agent.
While cash transfers are usually more expensive than online options, our analysis of hundreds of money transfer companies shows that very few services currently support NGN/ZAR transfers online.
The total cost of your transfer includes both the transfer fee (around 3 NGN per 360,000 NGN) and an exchange rate markup.
Ultimately, the exact price will depend on your location, payment method, and transfer amount.
The cheapest way to to send money to South Africa from Nigeria is via PayPal P2P Transfer
The coverage of NGN/ZAR transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a NGN transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Need to make a large transfer?
Western Union Agent is the best option for large transfers of the 3 providers compared.
While Western Union Agent may not always be the cheapest or fastest way to send NGN from Nigeria to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the costs involved when transferring money to South Africa from Nigeria
When calculating the cost of sending money from Nigeria to South Africa, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current NGN-ZAR mid-market rate is 0.0119 ZAR per Naira. Finding a provider as close to this number as possible will ensure more Rand for your money.
As a comparison, the NGN-ZAR mid-market rate for the past week has averaged 0.0119 ZAR per Naira, hitting a high of 0.0119 and a low of 0.0118.
Western Union Agent is currently offering the best exchange rate on transfers between Nigeria and South Africa.
Often the NGN-ZAR exchange rate you receive will be the biggest factor impacting the cost of sending Naira to South Africa.
Fees: Transfer fees are charged on top of a transfer. Western Union Agent currently offers lowest fees of 3 NGN. Although we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Rand is the biggest indicator in the total cost of sending money to Nigeria from South Africa. The higher the total amount received in South Africa, the lower the cost of sending from Nigeria.
Track the exchange rate for Naira to Rand
Sending money at the right time between NGN and ZAR can make a huge difference to overall cost. The exchange rate impacts how much ZAR you get for your NGN.
Over the last 7 days, the average numbers are:
The exchange rate from NGN to ZAR averaged 0.0119 ZAR.
The highest value recorded was 0.0119 ZAR, while the lowest was 0.0118 ZAR.
3 providers currently offer transfers between Nigeria and South Africa close to this rate
Want to secure the best NGN-Rand exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Nigeria to South Africa!
Payment options for transfers from Nigeria to South Africa
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Nigeria to South Africa.
Using a money transfer company such as Western Union Agent for payments from Nigeria to South Africa, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Western Union Agent is the best money transfer provider for bank transfers of the 3 we compared when sending NGN to South Africa.With a fee of 3 NGN to transfer money from Nigeria to South Africa, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Nigeria to South Africa is easy with Western Union Agent.
Western Union Agent is a leader in debit card money transfers from Nigeria to South Africa. They are the best option of the 3 transfer companies compared.
Credit cards
Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.
We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.
Fee alert: using a credit card to transfer money internationally 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 South Africa 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 South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to ZAR.
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
