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Overall best option: Moneycorp
Of the 6 companies that support NGN to ZAR, Moneycorp offered the best combination of cost and speed.
Overall, Moneycorp appeared in 34.6% of Nigeria to South Africa searches, consistently scoring as one of the best ways to send NGN to ZAR.
So for a great mix of cost, speed & features, send Nairas to South Africa using Moneycorp.
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
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 6 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Nigeria.
Overall, we rated Moneycorp 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.
Cheapest way to send money from Nigeria to South Africa: Moneycorp
Our data shows, over the past six months, that Moneycorp is 0% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 0* NGN and a NGN-ZAR exchange rate for international transfers that is 1.88% different to the mid-market rate.
Securing the best rates on a NGN to South Africa transfer can be done with Moneycorp but you can always search for your specific amount.
*The most common fee applied by Moneycorp when sending NGN-ZAR, based on data from the past six months.
Fastest way to transfer money to South Africa from Nigeria: Moneycorp.
Through our data, we found Moneycorp to be the fastest option for sending money from Nigeria into Rand in 34.6% of occasions. For fast NGN to ZAR money transfers, Moneycorp comes highly recommended.
Nigeria to South Africa transfers with Moneycorp have an average fee of 0 NGN.
To test that Moneycorp was the 'fastest' option we compared 6 providers. With this, we compared overall speed of sending money from Nigeria to South Africa made up of depositing Nairas, to a money transfer account and transfer times to South Africa.
When sending at speed is a priority, Moneycorp is our recommended choice for sending into South Africa from Nigeria.
Need to make a large transfer?
Moneycorp is the best option for large transfers of the 6 providers compared.
While Moneycorp 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 0.0108 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 three months has averaged 0.0116 ZAR per Naira, hitting a high of 0.0141 and a low of 0.0102.
Moneycorp 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. Moneycorp currently offers lowest fees, at an average of 0 NGN over the last 6 months. 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 six months, the average numbers are:
The exchange rate from NGN to ZAR averaged 0.0116 ZAR.
The highest value recorded was 0.0141 ZAR, while the lowest was 0.0102 ZAR.
6 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 Moneycorp 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.
Moneycorp is the best money transfer provider for bank transfers of the 6 we compared when sending NGN to South Africa.With an average fee of 0 NGN to transfer money from Nigeria to South Africa, Moneycorp 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 Wise.
Wise is a leader in debit card money transfers from Nigeria to South Africa. They are the best option of the 6 transfer companies compared.
Credit cards
When it comes to credit card transfers from Nigeria to South Africa, is the top choice of the 6 companies offering this service.
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 document.
Money transfer company reviews
