Remittance corridor · World Bank RPW · 2021Q1
Nigeria → Mali
What it really costs to send money from Nigeria to Mali, with the cheapest provider on record and the gap to the UN's 3% target.
- 14.4%
- Average cost
- 14.4%
- Cheapest · MoneyGram
- 1
- Providers tracked
The verdict
At 14.4%, this corridor costs more than most, only 4% of tracked corridors are pricier, close to the cheapest provider on record.
- 14.4%
- average cost of a $200 transfer
- +7.7pp
- vs the 6.7% average of 322 corridors
- +11.4pp
- gap to the UN 3% target
- MoneyGram
- cheapest provider on record
Compared against the 322 corridors we actually track, not a generic headline figure.
How Nigeria → Mali compares
Average cost of a $200 transfer, percent, lower is cheaper
14.36% average - 11.4pp above target
Cost trend: Nigeria → Mali
Average and cheapest cost of a $200 transfer over time, percent
Sending Country
Receiving Country
Nearby Corridors from Nigeria
Nigeria's outbound coverage in our data is limited to a handful of corridors; here is how the other compare.
| # | Destination | Avg cost | Cheapest |
|---|---|---|---|
| 1 | Togo | 21.4% | 21.4% |
What the Nigeria → Mali Data Tells Us
Sending money from Nigeria to Mali currently costs an average of 14.36% of the transfer amount, according to World Bank Remittance Prices Worldwide (RPW) data as of 2021Q1. That is 7.7 percentage points above the 6.7% average of the 322 corridors we track, though still below the World Bank's reported global average of about 6.4%.
On the cheapest end of the market, MoneyGram delivers this corridor at 14.36% - the floor price a Nigeria-based sender can realistically access today. The full panel includes 1 tracked providers.
Annual corridor volume is not separately reported for this route in the current release, but reducing transfer costs on any route translates directly into more money reaching recipient households. Costs on this route have risen sharply, up 4.24 percentage points over the tracked period, a notable outlier since most tracked corridors have moved the other way.
Across the 20 quarters of World Bank RPW data on record for this corridor, the average cost has ranged from 8.9% to 28.4%, and 0 of those 20 quarters (0%) met the UN SDG 3% target outright.
Frequently Asked Questions
How much does it cost to send money from Nigeria to Mali?
The average cost to send money from Nigeria to Mali is 14.36% of the transfer amount, based on World Bank RPW data as of 2021Q1. The cheapest available option is 14.36% via MoneyGram. Costs are calculated as a percentage of a $200 transfer and include both service fees and exchange rate margins.
What is the cheapest way to send money from Nigeria to Mali?
Based on World Bank RPW data, the cheapest service for the Nigeria to Mali corridor charges 14.36% - currently MoneyGram. A total of 1 providers are tracked on this corridor. Always compare rates directly with providers before sending, as prices change frequently.
Is the Nigeria to Mali corridor meeting the UN SDG cost target?
Not yet. At 14.4%, this corridor sits 11.4 percentage points above the UN SDG 10.c target of 3% or below by 2030.
Source: World Bank, Remittance Prices Worldwide (RPW) Database (2011-2025) World Bank, Remittance Prices Worldwide (RPW) Database (2011-2025)
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRemit is rendered directly from World Bank Remittance Prices Worldwide (RPW) data, no number is typed in by an editor. This page draws directly on World Bank Remittance Prices Worldwide (RPW) data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.