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Send Money to Nigeria
Compare what you'd actually receive in naira across providers — not just their advertised rate.
Updated 2026-09-21.1
Mid-market reference rate
1 GBP = ₦1,815
As of 21 Sept 2026, 00:02. No provider gives you this exact rate — it's the reference point every provider's spread is measured against.
These are estimates based on published fee structures and typical exchange-rate margins, not live quotes. Rates and fees change — confirm the exact amount on the provider's own site before you send.
WiseBest value
Minutes to a few hours
₦895,606
1.3% total cost
Rate: 1 GBP = ₦1,811Fee: £5.50Last verified: 2026-09-21
Go to WiseRemitly
Minutes (Express) to 3-5 days (Economy)
₦890,214
1.9% total cost
Rate: 1 GBP = ₦1,788Fee: £1.99Last verified: 2026-09-21
Go to RemitlySendwave
Minutes
₦887,419
2.2% total cost
Rate: 1 GBP = ₦1,775Fee: £0.00Last verified: 2026-09-21
Go to SendwaveWorldRemit
Minutes
₦883,938
2.6% total cost
Rate: 1 GBP = ₦1,782Fee: £3.99Last verified: 2026-09-21
Go to WorldRemitWestern Union
Minutes to 1 business day
₦871,445
4.0% total cost
Rate: 1 GBP = ₦1,769Fee: £7.49Last verified: 2026-09-21
Go to Western UnionRelated field guide
Getting Paid in Nigeria
Invoicing, payment terms, and getting Nigerian and international clients to actually pay you on time.
How this is calculated
We start from a live mid-market exchange rate — the same rate you'd see on Google or Reuters, with no markup. Every provider then applies two things on top of it: a fee (flat, percentage, or both), and their own exchange rate, which is usually a bit worse than mid-market. That gap is the provider's margin, and it's often bigger than the fee itself — which is why the "no fee" option isn't always the cheapest.
Since 1 May 2026, Central Bank of Nigeria rules require every licensed International Money Transfer Operator to settle diaspora remittances in naira only, through a designated account at an Authorised Dealer Bank, at a rate benchmarked against real-time Nigerian FX market prices. In practice: every legal option now pays your recipient in naira, not dollars — so the rate and fee comparison here is the whole decision, there's no "take cash in dollars instead" alternative anymore.
Provider figures are versioned and maintained manually (config version 2026-09-21.1) — each one shows when it was last checked, because silently stale financial data is worse than no comparison at all.
Frequently asked questions
Why is the amount received different from the advertised exchange rate?
Providers apply their own exchange rate, which usually runs a bit below the true mid-market rate — that gap is their margin, and it's often larger than any fee they charge. The amount you actually receive reflects both the fee and that margin, not just the headline rate.
Can I still receive dollars instead of naira?
No. Since 1 May 2026, Central Bank of Nigeria rules require every licensed International Money Transfer Operator to pay recipients in naira only, settled through a designated account at an Authorised Dealer Bank.
How current are the provider numbers?
Each provider shows a last-verified date. Fees and rate margins change, so treat these as estimates and confirm the exact figure on the provider's own site before sending.