How to send money to Zambia from Nigeria with the best NGN-ZMW rate

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

Based on the availability of companies for NGN/ZMW

• Western Union Agent is our top pick for sending Naira to Zambia. A transfer of 360,000 Nairas to ZMW will cost you ₦10800 in fees, and you will receive 4,217.28 ZMW. The transfer time is minutes - 5 days, but might be a bit longer depending on the day you make the transfer.

• Of the 4 providers compared, Afriex is the cheapest option for sending money right now. We found that Afriex is 9.03% cheaper than the second-best option.

• Fastest way to send money to Zambia from Nigeria is via PayPal App (P2P Transfer). The transfer time is minutes with PayPal App (P2P Transfer) for a ₦360,000 transfer, but it will depend on the time, day of the week, and the amount you send.

Our comparison includes 4 companies that provide the ability to send Naira to Zambia.

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

The exchange rate determines the price you’ll pay for Zambian Kwacha when sending Naira to Zambia.

The rate between the Naira and Zambian Kwacha is currently 0.0131. Afriex offers the best exchange from NGN-ZMW.

The total cost of sending money to Zambia 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-ZMW is 0.0131 ZMW per Naira.

• Fees: When sending money there may be additional fees. Afriex offers the lowest fee of the 4 providers tested, costing justs 0 NGN per transfer.

• Amount Received: When comparing providers, the best measure is the amount of Zambian Kwacha eventually received in Zambia.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in Zambia, 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 Zambia.

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

Bank transfers

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

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


Debit and prepaid cards

Sending money from Nigeria to Zambia 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 Zambia, competing among a total of 4 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 Zambia will aid in keeping your money safe.

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

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

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Zambia, use Western Union Agent. The combination of rates and fees when sending from Nigeria to Zambia 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 Zambia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Zambian Kwacha in Zambia. 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 Zambia will offer every method for incoming Zambian Kwacha, so it’s best to check ahead of time.

One of the more common ways to transfer from Nigeria into Zambian Kwacha is directly into a bank account. Western Union Agent is the best company for bank transfers between Nigeria and Zambia.

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

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 Zambia, 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 Zambia it will be similar, although this should only be needed if you are opening a new account in Zambia, or collecting in cash. Sending to an existing bank account in Zambia shouldn’t require any additional ID checks.

Large transactions between Nigeria and Zambia, 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 Western Union Agent has scored so highly for transfers to Zambia is their easy sign up process in Nigeria.

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

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

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