How to send money to Uganda from Nigeria with the best NGN-UGX rate

Comparing providers offering services between Nigeria and Uganda, based on your specific needs is the best way to send money with confidence.

Based on the availability of companies for NGN/UGX

• Africhange is our top pick for sending Naira to Uganda. A transfer of 360,000 Nairas to UGX will cost you ₦0 in fees, and you will receive 905,041.08 UGX. The transfer time is minutes, but might be a bit longer depending on the day you make the transfer.

• Of the 5 providers compared, Afriex is the cheapest option for sending money right now. We found that Afriex is 5.04% cheaper than the second-best option.

• Fastest way to send money to Uganda from Nigeria is via Africhange. The transfer time is minutes with Africhange for a ₦360,000 transfer, but it will depend on the time, day of the week, and the amount you send.

Our comparison includes 5 companies that provide the ability to send Naira to Uganda.

This ensures you get the best options for transfers to Uganda from Nigeria, based on the amount you want to send.

The exchange rate determines the price you’ll pay for Ugand Shilling when sending Naira to Uganda.

The rate between the Naira and Ugand Shilling is currently 2.6778. Afriex offers the best exchange from NGN-UGX.

The total cost of sending money to Uganda from Nigeria is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for NGN-UGX is 2.6778 UGX per Naira.

• Fees: When sending money there may be additional fees. Afriex offers the lowest fee of the 5 providers tested, costing justs 0 NGN per transfer.

• Amount Received: When comparing providers, the best measure is the amount of Ugand Shilling eventually received in Uganda.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in Uganda, means a better overall cost of sending money from Nigeria.

Sending money via a bank transfer is the recommended option for sending money from Nigeria to Uganda.

Here are the popular ways to send money from Nigeria to Uganda:

Bank transfers

Bank transfers are often the best payment method for money transfers from Nigeria to Uganda.

A money transfer company like Afriex offer bank transfers between Nigeria and Uganda with lower fees and better exchange rates than you would get from a traditional bank. 


Debit and prepaid cards

Sending money from Nigeria to Uganda with a debit or a prepaid card is very simple with Western Union Agent.


Western Union Agent is a leader in debit card payments for transfers from Nigeria to Uganda, competing among a total of 5 active money transfer companies on this route.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

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

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

Some services between Nigeria and Uganda have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Uganda as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Uganda, use Africhange. The combination of rates and fees when sending from Nigeria to Uganda is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Nigeria, or entering Uganda. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Ugand Shilling in Uganda. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Nigeria to Uganda will offer every method for incoming Ugand Shilling, so it’s best to check ahead of time.

One of the more common ways to transfer from Nigeria into Ugand Shilling is directly into a bank account. Africhange is the best company for bank transfers between Nigeria and Uganda.

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

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Afriex.

When signing up to and sending Naira to Uganda, through a money transfer company, you will have to verify your ID.

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

For the most part however, in Nigeria this will be a government issued ID such as a passport or driver's license. In Uganda it will be similar, although this should only be needed if you are opening a new account in Uganda, or collecting in cash. Sending to an existing bank account in Uganda shouldn’t require any additional ID checks.

Large transactions between Nigeria and Uganda, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

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

When sending large amounts of money between Nigeria and Uganda there will potentially be a tax declaration to consider.

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

Tax limits and personal allowances will change in Uganda based on age, income and a few other elements. When in doubt, please contact a tax professional in Nigeria or Uganda to discuss your personal circumstances.