Our recommendation: Western Union
We tested & reviewed 5 money transfer providers offering money transfers from Nigeria to Sweden, and Western Union scored highly.
In total, Western Union appeared in 81.8% of Nigeria to Sweden searches, and was the top rated company supporting transfers between NGN and SEK.
For a great mix of cost, speed & features, we recommend making your Nigeria to Sweden transfer using Western Union.
How to get the best deal on your Nigeria to Sweden money transfer
Considerations to make sending money from Nigeria to Sweden easy
Comparing the different providers offering services between Nigeria and Sweden, is the best way to send money with confidence.
The 5 providers we've compared ensures you will get the best options for your transfer to Sweden from Nigeria. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Western Union as the best overall, comparing gives you a comprehensive view of all the options for transferring Naira to Sweden.
Cheapest way to transfer money to Sweden from Nigeria: Airwallex
Of the 5 providers compared, data shows that Airwallex is 0% cheaper than the second-best option.
The is cost is made up of an average NGN-SEK exchange rate that is 0.62% different to the mid-market rate and an average fee of 0* NGN.
If you want to secure the best rates on a NGN to Sweden transfer, Airwallex will result in the most Swedish Krona received.
*The most common fee applied to NGN-SEK by Airwallex, based on data from the past six months.
Fastest way to send money to Sweden from Nigeria: Revolut.
In our comparison, we found Revolut to be the fastest way to send Nairas to Swedish Krona in 11.1% of transfers. For quick transfers between NGN and SEK, Revolut comes highly recommended.
Sending money from Nigeria to Sweden through Revolut has an average fee of 0 NGN.
To find the fastest company, we compared 5 money transfer providers for the overall speed of sending money from Nigeria to Sweden. This was made up of depositing Naira to a money transfer account and transfer times to Sweden.
When looking for the fastest money transfer, Revolut is our best choice for sending into Sweden from Nigeria.
Transferring large sums of money
Of the 5 money transfer companies tested, Western Union is the strongest option for large transfers from Nigeria to Sweden.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from Nigeria to Sweden can become expensive through your bank or with the wrong provider.
Western Union is our choice for sending large sums of money to NGN because they offer a strong all-round product.
Understanding the costs involved when transferring money to Sweden from Nigeria
When calculating the cost of sending money from Nigeria to Sweden, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current NGN-SEK mid-market rate is 0.0065 SEK per Naira. Finding a provider as close to this number as possible will ensure more Swedish Krona for your money.
As a comparison, the NGN-SEK mid-market rate for the past three months has averaged 0.0074 SEK per Naira, hitting a high of 0.0079 and a low of 0.0063.
Equals Money is currently offering the best exchange rate on transfers between Nigeria and Sweden.
Often the NGN-SEK exchange rate you receive will be the biggest factor impacting the cost of sending Naira to Sweden.
Fees: Transfer fees are charged on top of a transfer. Revolut 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 Swedish Krona is the biggest indicator in the total cost of sending money to Nigeria from Sweden. The higher the total amount received in Sweden, the lower the cost of sending from Nigeria.
How to find the best exchange rate for Naira to Swedish Krona
Timing is essential for sending money between NGN and SEK. The exchange rate you secure impacts how much SEK you get for your NGN.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from NGN to SEK has seen some fluctuation. On average, it stood at 0.0074.
During this period, the highest value recorded was 0.0079, while the lowest was 0.0063.
Western Union, which is our recommended service to send money online from Nigeria to Sweden offers an exchange rate that is only 2.87% above the mid-market rate.
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Payment options for transfers from Nigeria to Sweden
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Sweden 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 Sweden.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to SEK.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.