Send money to Nigeria from Italy at the best rates

Highest remittance rate for converting 1 EUR to NGN = 386.05

Best way to send money to Nigeria from Italy

According to the report of the United Nations, world money remittance is contributing towards the sustainable development of the countries helping them in poverty alleviation, reducing hunger, good health, quality education and much more. The use of multiple technologies by the remittance companies is further helping in the realization of these goals. The same has been seen in the GDP of Nigeria which holds 5.17% and Italy is sending approximately $1 billion every year there. So, here on this comparison page, the experts of ERIQ have bought you the “best way to send money to Nigeria” which also helps you in getting the “cheapest way to send money to Nigeria”.

So, please find the list of companies below in a sorted order which is providing the best money transfer services which offer the highest exchange rates and low fee.

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Country Guide - Nigeria

398.96

Mid Market Rate

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398.96

Mid Market Rate

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Currencies:
EUR-NGN EUR-USD
Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee € 3.43) € 500
Receiving Amount
₦ 194351.5392
Realized Exchange Rate
386.05
transferwise EUR to NGN Exchange Rate
391.388
Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Italy to Nigeria for sending amount 500. Today’s Transferwise exchange rate for sending money from EUR to NGN is 391.388 with a € 3.43 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 386.05. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee € 0) € 500
Receiving Amount
₦ 191128.65
Realized Exchange Rate
382.26
azimo EUR to NGN Exchange Rate
382.2573
0.98% vs Best Value

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Transfer Time :
Azimo is a one of the safest & leading money transfer service provider for sending money from Italy to Nigeria for sending amount 500. Today’s Azimo exchange rate for sending money from EUR to NGN is 382.2573 with a € 0 fee. Based on the Exchange Rate IQ calculations it offers 0.98% less than the best value for your money transfer. The realized exchange rate after considering the fees is 382.26. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, Cash, at multiple Azimo partner locations. The transfer time usually range between . For more detailed review of Azimo click here
Pay-In
Pay-Out
You Pay (Includes Fee € 3.99) € 503.99
Receiving Amount
₦ 192215
Realized Exchange Rate
381.39
remitly EUR to NGN Exchange Rate
384.43
1.21% vs Best Value

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Transfer Time :
Remitly is a one of the safest & leading money transfer service provider for sending money from Italy to Nigeria for sending amount 500. Today’s Remitly exchange rate for sending money from EUR to NGN is 384.43 with a € 3.99 fee. Based on the Exchange Rate IQ calculations it offers 1.21% less than the best value for your money transfer. The realized exchange rate after considering the fees is 381.39. The pay in options available are Creditcard, Debitcard, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between . For more detailed review of Remitly click here

More Available Options

You can check rates of some more providers that may support your country
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

EUR to NGN - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Italy to Nigeria after comparison?
  • With our real-time comparison on sending money from Italy to Nigeria ,
      we have found Transferwise remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Transferwise, 386.05 ) ( Azimo, 382.26 ) ( Remitly, 381.39 ) .
  • To remit money in the bank account of Nigeria, best companies is ( Transferwise, 386.05 ).
  • Current money transfer offeres/promotions are available with Azimo money transfer services.
  • For quick money transfer from Italy to Nigeria with agent service is Remitly with exchange rate 381.39.
  • Available pay in when sending money from Italy to Nigeria Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Italy to Nigeria Bank, Cash.
  • Other options to transfer money from Italy to Nigeria are Worldremit, Westernunion, Xendpay, Travelex, Moneygram .
  • The comparison result was last updated on Nov 15, 2019.
  • For the latest comparison result of Italy to Nigeria, Please visit ExchangeRate IQ regularly.

FAQ's

How to send money to Nigeria from Italy?

There are multiple options for sending money to Nigeria from Italy; you can select the one which suits the best for you. These are:

Online transfer: You can send money online by using the facilities of money transfer companies such as WorldRemit, XE Money Transfer, TransferWise, Remitly, etc. They will ask for you and your recipient’s bank details and transfer money online to their bank account.

Bank-to-bank transfer: You can also use the services of your bank and make a transfer to the recipient’s bank account. Bank transfers are considered less by the customers these days as they charge high fees and offer lower exchange rates.

Wire transfer: Wire transfers are fast as compared to the bank transfer which is completed by the banks only. Provide the details of the bank account of the recipient and your amount will be transferred to his/her account within a few days.

Cash Pickup: Many money transfer companies such as Western Union, WorldRemit, Ria Money Transfer, MoneyGram, etc. are offering cash pickup services in Nigeria. You can send money from a bank account, debit card or credit card and the same will be received instantly or in an hour by the recipient.

Cheque, Demand Draft: You can also send money by foreign cheque or demand draft and send the same at the address of the recipient. However, it will take 27-30 days to reach it to the recipient.

Sending EUR to NGN, you should select the one which suits you the best as well as your recipient and you will get the best price to your hard-earned money.

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Does TransferWise send money to Nigeria from Italy?

Yes, TransferWise offers money remittance services from Italy to Nigeria where you can send money using bank transfer services, swift or debit card or credit card services. You will be allowed to do fast transfers, easy transfers and low fee transfers from TransferWise.

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How to receive money from Italy?

All the companies that are providing services on Italy to Nigeria corridor are offering bank account to a bank account transfer. Besides this, keeping in mind about the development of Nigeria, many companies are also offering their cash pick up services there so that you can directly get the money in form of cash in case of an emergency.

Some of the companies such as WorldRemit also offer airtime top services and mobile money transfer services. So you can select any of the methods to receive money in Nigeria when you send money from Italy according to the needs of the recipient.

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Historical Mid Market Exchange Rate From Euro Member Countries (EUR) to Nigeria Naira (NGN) (Weekly)

Current Exchange Rate(Mid Market) :- 398.96 NGN/EUR

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion EUR To NGN

Send Euro Member Countries To NIGERIA Receive Nigeria Naira
1 EUR TO NGN 398.96
50 EUR TO NGN 19948
100 EUR TO NGN 39896
250 EUR TO NGN 99740
500 EUR TO NGN 199480
1000 EUR TO NGN 398960
5000 EUR TO NGN 1994800
10000 EUR TO NGN 3989600
Send Nigeria Naira Receive Euro Member Countries From NIGERIA
1 NGN FROM EUR --
50 NGN FROM EUR --
100 NGN FROM EUR --
250 NGN FROM EUR --
500 NGN FROM EUR --
1000 NGN FROM EUR --
5000 NGN FROM EUR --
10000 NGN FROM EUR --

Click To Compare Money Transfer Services For The Following

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