Send Money to Nigeria from United Kingdom at Best Exchange Rates

Highest remittance rate for converting 1 GBP to NGN = 460.94

Best Way to Transfer Money to Nigeria from United Kingdom

Nigeria is Africa’s leading economy in which remittance also plays a big role because migrators who work outside send money to their family in Nigeria. There are many ways to send money to Nigeria as a lot of money transfer companies, banks and foreign exchange brokers provide these facilities. And as we talk about remittances to Nigeria, it has reached $22 billion in 2017 which is 5.06% of GDP. In this record, the United Kingdom also plays a major role as more than 2 Lakh Nigerians live there. People live in the UK, transfer money to their friends and family staying back in Nigeria and help their family as well as country to grow. Therefore, on this page, we have compared the “Top money transfer services from the UK to Nigeria” Here you will get to know Azimo rate to Nigeria, WorldRemit exchange rate to transfer GBP to NGN.

Please find the list of companies below in a sorted order which are providing the best money transfer services with the highest exchange rates and low fee.

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Country Guide - Nigeria

467.41

Mid Market Rate

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467.41

Mid Market Rate

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Currencies:
GBP-NGN GBP-USD GBP-EUR
Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee £ 1) £ 501
Receiving Amount
₦ 230933.25
Realized Exchange Rate
460.94
azimo GBP to NGN Exchange Rate
461.8665
Best Value

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Transfer Time : Instant
Azimo is a one of the safest & leading money transfer service provider for sending money from United Kingdom to Nigeria for sending amount 500. Today’s Azimo exchange rate for sending money from GBP to NGN is 461.8665 with a £ 1 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 460.94. 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 Instant. For more detailed review of Azimo click here
Pay-In
Pay-Out
You Pay (Includes Fee £ 1.49) £ 501.49
Receiving Amount
₦ 227555
Realized Exchange Rate
453.76
remitly GBP to NGN Exchange Rate
455.11
1.56% vs Best Value

SEND NOW

Transfer Time : Instant
Remitly is a one of the safest & leading money transfer service provider for sending money from United Kingdom to Nigeria for sending amount 500. Today’s Remitly exchange rate for sending money from GBP to NGN is 455.11 with a £ 1.49 fee. Based on the Exchange Rate IQ calculations it offers 1.56% less than the best value for your money transfer. The realized exchange rate after considering the fees is 453.76. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between Instant. For more detailed review of Remitly click here
Pay-In
Pay-Out
You Pay (Includes Fee £ 2.99) £ 500
Receiving Amount
₦ 227676.3049
Realized Exchange Rate
452.65
transferwise GBP to NGN Exchange Rate
458.092
1.8% vs Best Value

SEND NOW

Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from United Kingdom to Nigeria for sending amount 500. Today’s Transferwise exchange rate for sending money from GBP to NGN is 458.092 with a £ 2.99 fee. Based on the Exchange Rate IQ calculations it offers 1.8% less than the best value for your money transfer. The realized exchange rate after considering the fees is 452.65. 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

More Available Options

You can check rates of some more providers that may support your country
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. 
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
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
Post Office aspires to be at the very heart of customers choice by becoming the most trusted provider of essential services to every person in the land.

GBP to NGN - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from United Kingdom to Nigeria after comparison?
  • With our real-time comparison on sending money from United Kingdom to Nigeria ,
      we have found Azimo remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Azimo, 460.94 ) ( Remitly, 453.76 ) ( Transferwise, 452.65 ) .
  • To remit money in the bank account of Nigeria, best companies is ( Azimo, 460.94 ).
  • Current money transfer offeres/promotions are available with Azimo money transfer services.
  • For quick money transfer from United Kingdom to Nigeria with agent service is Azimo with exchange rate 460.94.
  • Available pay in when sending money from United Kingdom to Nigeria Bank, Creditcard, Debitcard.
  • Available pay out when sending money from United Kingdom to Nigeria Bank, Cash.
  • Other options to transfer money from United Kingdom to Nigeria are Westernunion, Xendpay, Travelex, Money2anywhere, Moneygram, Postoffice .
  • The comparison result was last updated on Nov 17, 2019.
  • For the latest comparison result of United Kingdom to Nigeria, Please visit ExchangeRate IQ regularly.

How to find the best money transfer to Nigeria from the UK

United Kingdom to Nigeria money transfer is not a very competitive transfer corridor and only a few companies and banks are offering their services in this corridor. So, you will need to find the companies with best rates as well as discount offers. But the major question arises that after seeing competitive exchange rates is which company you should pick to transfer funds from UK to Nigeria.

Many banks, MTOs and startups are offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company” according to your needs and requirement of the recipient. So, here are a few base points which you should consider before transferring Great Britain Pound to Nigerian Naira:

  1. Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use cash pickup services of WorldRemit and online transfer of Azimo provides the instant transfers. While, if you have no emergency, then you can use services of XE Money Transfer, Western Union and WorldFirst, which will deliver money in 2-3 working days.
  2. Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, XE Money Transfer does not charge any fee and offer mid-market exchange rate while Azimo offers a bit lower price than live rate with a minimal fee. Besides this, other companies offer a bit lower rates comparing to live market rates and lock-in so that the same amount will be received by the recipient.
  3. Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, first, watch out that you will not end up paying more than you should.
  4. Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. Azimo, WorldRemit, and XE Money Transfer etc. are offering their mobile apps.

Top Key factors to consider before transferring funds to Nigeria

There are multiple companies providing remittance services from the UK to Nigeria, but it is not necessary that it will provide you with the best available services. It is most essential for the sender to take charge and be aware of hidden and transfer fee along with the exchange rates provided by them as well as competitors. So, you should invest your time and explore the best keeping the following factors in mind:

Reliability: You must know that the remittance company whose services you are looking for is reliable and trustworthy. There are many fraud companies come up with their plans which are not licensed and offer minimum fee with the best exchange rates, but your money will not safe with them. The most reliable path of sending funds is through a bank, which imposes higher fees and lower exchange rates.

Plan the Transaction: If you are planning to transfer funds, you should not wait for making the last minute decision or wait for any emergency. When you feel the prices are at their best, you can transfer the funds with minimum transfer fees. This will cost you less and you can make the most from your money.

Customer Service: Having a helping hand at the time of transferring funds is beneficial if in case you face any difficulty. The reputable companies offer best customer support in the event of mishap like delay or non-arrival of funds.

What are the Best money transfer services from UK to Nigeria?

Cheapest Money Transfer Options to Nigeria:

Fastest Money Transfer options:

Best option for Cash Transfer to Nigeria:

UK Banks offering Remittance services in Nigeria

Best Online Money Transfer options to Nigeria

FAQ's

What is the best way to send money to Nigeria from the UK?

There are many companies offering their services on the UK to Nigeria platform, such as XE money Transfer, Western Union, MoneyGram, WorldRemit, Azimo, etc. Among all these, if you want to send money through bank transfer, WorldRemit, XE Money Transfer and Azimo are the best while Western Union and MoneyGram offer best services as cash pickup agents.

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Can I transfer money from UK to Nigeria through my bank?

Yes, many UK banks offer a wire transfer service, but it is usually more expensive than using the dedicated money transfer websites or remittance companies. Besides this, you can transfer funds through TransferWise from bank account to bank account.

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How do I send money to Nigeria?

Sending money to Nigeria is easy and cheap. You can send money from any of the above-listed companies using your bank account, as it is the cheapest way to send money abroad. This will allow you to send money at lower fees and a high exchange rate.

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Why do money transfer companies offer different exchange rates for Nigeria?

Different companies have different business models. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. They deduct their costs & profits from the Mid-market exchange rates.

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Can I transfer money from UK to an account in another name to Nigeria?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to Nigeria online you will have to add the bank accounts of the receiving party and it must be your Nigerian bank account or someone else’ account from your family/friend. Many companies do not allow third-party transfers, so you mostly need your own account.

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Can Ria send money to Nigeria from the UK?

Yes. Ria Money Transfer sends money to Nigeria from the UK where you can make payment using a bank account, debit card or credit card. However, Ria offers lower money transfer limit where you can send a minimum of 1 GBP to a maximum of 500 GBP at a time.

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Where to send money to Nigeria?

Many companies such as WorldRemit, Ria Money Transfer, Western Union, MoneyGram, TransferGO, etc. are offering their cash pickup services in Nigeria. So select the place which is nearest to your recipient and send money from bank account to Nigeria as cash pickup service.

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Historical Mid Market Exchange Rate From Pound (GBP) to Nigeria Naira (NGN) (Weekly)

Current Exchange Rate(Mid Market) :- 467.41 NGN/GBP

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 GBP To NGN

Send Pound To NIGERIA Receive Nigeria Naira
1 GBP TO NGN 467.41
50 GBP TO NGN 23370.5
100 GBP TO NGN 46741
250 GBP TO NGN 116852.5
500 GBP TO NGN 233705
1000 GBP TO NGN 467410
5000 GBP TO NGN 2337050
10000 GBP TO NGN 4674100
Send Nigeria Naira Receive Pound From NIGERIA
1 NGN FROM GBP --
50 NGN FROM GBP --
100 NGN FROM GBP --
250 NGN FROM GBP --
500 NGN FROM GBP --
1000 NGN FROM GBP --
5000 NGN FROM GBP --
10000 NGN FROM GBP --

Click To Compare Money Transfer Services For The Following

USD

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