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How to send money from Nigeria to Tanzania
Sending money from Nigeria to Tanzania doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
Getting the best deal on your Nigeria to Tanzania transfer
- Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from Nigeria to Tanzania.
- Choose a provider
Select the provider that offers you the best value & service for transfers between Nigeria and Tanzania.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Tanzania.
Sending money from Nigeria to Tanzania: key insights and tips
Don't settle for the first option. Always compare ways to send money from Nigeria to Tanzania to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Nigeria and Tanzania. Through this, you get a comprehensive view of all the options you have in Nigeria when you need to send money to Tanzania.
Cheapest way to send money from Nigeria to Tanzania
Without any money transfer providers serving the Nigeria to Tanzania route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Nigeria to Tanzania
When calculating the costs of money transfers between Nigeria and Tanzania, here's what really matters:
The Mid-Market Rate: Today, the NGN-TZS mid-market rate equals to 1.6868. Keep in mind that this rate fluctuates all the time.
The NGN-TZS average exchange rate of the past three months has been 1.6425, with a highest of 1.74 and a lowest of 1.5206.
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 TZS transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Track the exchange rate for Naira to Tanzanian Shilling
Sending money at the right time between NGN and TZS can make a huge difference to overall cost. The exchange rate impacts how much TZS you get for your NGN.
Over the last six months, the average numbers are:
The exchange rate from NGN to TZS averaged 1.6425 TZS.
The highest value recorded was 1.74 TZS, while the lowest was 1.5206 TZS.
0 providers currently offer transfers between Nigeria and Tanzania close to this rate
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What payment methods are available when sending money from Nigeria to Tanzania?
Sending bank transfers from Nigeria to Tanzania
Bank transfers are the most common way of sending NGN to Tanzania as they are secure, reliable, and convenient.
If you want to send Nairas to Tanzania 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 Tanzania 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 Tanzania 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 Tanzania by payment apps
If you’d like to send money from Nigeria to Tanzania 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 Tanzania.
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 Tanzania in Tanzanian Shilling 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 Tanzania 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 TZS 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 TZS is 1.6868
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Tanzania 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 Tanzania.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to TZS.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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