How to send money to Nigeria from France with the best EUR-NGN rate

Comparing providers when sending money from France to Nigeria is the easiest way to make a transfer at the best price.

Here are your best options for sending money from France to Nigeria

• Wise is our recommended company for transferring Euro to Nigeria. Sending 7,000 EUR to NGN will cost you €46.96 in fees, and you will get 10,962,580.05 NGN. The delivery time is within minutes, but it depends on the day you make the transfer.

• Xe is the overall cheapest options to send money from France to Nigeria. We found that Xe fees were 0 EUR per transfer, and customers would expect an exchange rate between EUR-NGN that is -0.86% different to the mid-market rate

• Fastest way to send money from France to Nigeria is with Revolut. For example, if you send 7,000 EUR with Revolut to Nigeria now, the transfer time is within minutes. Smaller transfers will likely be quicker, while larger transfers to India can take a bit longer.

We’ve compared 7 providers for sending Euro to Nigeria. This ensures you will get the best options for your transfer to Nigeria from France.

The exchange rate determines the price you will pay when buying Naira.

A better exchange rate means more money being sent to Nigeria.

If you are paying for services in Naira from France, this can make a huge difference.

The current rate between the Euro and Naira is 1,558.9585, and it fluctuates all the time.

The cost of sending money from Nigeria to Nigeria, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from EUR-NGN is 1,558.9585 NGN per Euro.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Xe currently offers the lowest fees on transfers to Nigeria from France. They charge 0 EUR per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Naira is the amount you started with, minus the amount you paid in the exchange and fees.

Here's a tip, if you're making a large transfer, you can also use a forward contract to lock in an agreed exchange rate between France and Nigeria.

Using a bank transfer to send via money transfer company is the payment method that will get you the best price when sending from France to Nigeria.

Here are all the ways to send money from France to Nigeria:

Bank transfers

Bank transfers are often the fastest and cheapest way to send money from France to Nigeria.

Using a money transfer company such as Xe for payments from France to Nigeria, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money with a debit card from France to Nigeria is easy with Wise.


Wise is a leader in debit card money transfers from France to Nigeria. They are the best option of the 7 transfer companies compared.

Credit cards

When it comes to credit card transfers from France to Nigeria, we recommend comparing your options to get the best deal.

Ensuring you fully understand regulations in France and Nigeria will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between France and Nigeria.

Some companies offering money transfers between France and Nigeria have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare EUR-NGN rates for your specific transfer amount.

For regular transfers to Nigeria, shopping around each time can make a huge difference.

For sending large amounts of EUR to Nigeria we'd recommend using Wise. They offer a combination of rates and fees when sending from France to Nigeria that is the most competitive, even at larger amounts.

There are different options for receiving Naira in Nigeria.

The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering transfers from France to Nigeria will offer every method for incoming Naira, so it’s best to check ahead of time.

Again, a comparison of EUR to NGN providers will tell you if the method for receiving is supported.

One of the most common ways to transfer money from France into Nigeria is by sending directly to a bank account. Wise is the best company for bank transfers between France and Nigeria.

And if you need cash right away, check if cash pickup is an option for transfers between France and Nigeria.

P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience but are better for domestic transfers. For receiving international payments they come with more limitations and higher costs compared to money transfer options like multi-currency accounts.

If using a money transfer company to send Nairas to Nigeria, you will need to verify your ID at the sign up stage.

The documents you need will vary and in some cases you might need more than one.

ID can be verified in France through a government issued ID such as a passport or driver's license.

If the recipient needs an ID to collect money in Nigeria, it will be similar.

Large transactions between France and Nigeria, can be subject to additional checks. This includes proof of funds for anti-money laundering purposes.

One of the reasons Wise has scored so highly for transfers to Nigeria is their easy sign up process in France.

Sending regular, or larger amounts of money between France and Nigeria could mean there are tax declarations to consider.

Some transfers into Naira may need to be reported to tax authorities in Nigeria, particularly where inheritance or property purchases are involved.

Nigeria has many different tax obligations for residents and non-residents.

When in doubt, please contact a tax professional in France or Nigeria to discuss your personal circumstances. This ensures you are not missing any specific tax needs associated with your transfer.