Remittance corridor · World Bank RPW · 2025Q3
Spain → Nigeria
Average cost sits in the lower fleet tercile at 2.9% on this Spain → Nigeria route - cheaper than most RPW peers.
- 2.9%
- Average cost
- 0.7%
- Cheapest · WorldRemit
- 6
- Providers tracked
How the 2.9% average cost breaks down
World Bank RPW splits total remittance cost into the provider's transaction fee and the exchange-rate margin applied to the transfer. Same 2025Q3 figures as the detail table below.
Corridor-cost tercile vs fleet
Spain → Nigeria posts 2.9% average cost, below the fleet lower tercile (~4.3%), ranking #25 of 348. Cheapest tracked floor: 0.7% via WorldRemit.
- #25 of 348
- cheapest-cost corpus rank
- 2.9%
- average cost of a $200 transfer
- -4.4pp
- vs the 7.3% average of 348 corridors
- Met
- gap to the UN 3% target
Compared against the 348 corridors in the 2025Q3 release, not a generic headline figure.
Based on average cost, delivery speed, FX margin, provider competition, and cost trend from World Bank Remittance Prices Worldwide data, benchmarked against all 348 tracked corridors - not a quote or a prediction of what you will pay.
What changed
World Bank RPW release record: 2025Q1 to 2025Q3
- Average transfer cost changed from 4.32% to 2.88% (-1.44 percentage points).
- Lowest observed transfer cost changed from 0.17% to 0.71% (+0.54 percentage points).
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Where this corridor sits by provider panel size
Spain → Nigeria has 6 World Bank RPW providers among 377 tracked corridors (inventory signal, not a cost-quality ranking). Orthogonal to the cost comparison below.
Spain → Nigeria vs all corridors by provider count
Where this corridor's RPW provider panel sits among every tracked route
6 265th of 377 higher than 112 of 377 corridors
Corridors, banded by RPW provider inventory
Each bar is a band; taller bars hold more corridors. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source World Bank Remittance Prices Worldwide · 2026-08-10
How Spain → Nigeria compares
Average cost of a $200 transfer, percent, lower is cheaper
2.88% average - target met
Cost trend: Spain → Nigeria
Average and cheapest cost of a $200 transfer over time, percent
Sending Country
Receiving Country
Nearby Corridors from Spain
Spain is one of the most connected sending markets in our data, with 12 tracked outbound corridors. The 5 below span the widest cost range, from the cheapest to send anywhere from Spain through to the most expensive.
| # | Destination | Avg cost | Cheapest |
|---|---|---|---|
| 1 | Philippines | 2.9% | 1.3% |
| 2 | Peru | 3.6% | 1.7% |
| 3 | Bulgaria | 4.2% | 2.4% |
| 4 | Brazil | 4.2% | 0.8% |
| 5 | Romania | 4.7% | 1.5% |
World Bank RPW fee spread
Release 2025Q3 ES→NG
2.9% avg · 0.7% floor · 2.17pp spread on $200
- AVG 2.9%
- CHEAP 0.7%
- SPREAD 2.17pp
- SDG MET
- RANK #25 of 348
- REL 2025Q3
- PANEL 6
Cross-sender cost peers
Fee spread manifest for Spain → Nigeria: entity-varying RPW stamps plus cross-sender ABS(avg_cost) peers from the current release. Compare corridors side-by-side →
Low transfer cost on Spain → Nigeria
World Bank RPW prices Spain → Nigeria at 2.88% (2025Q3) - below the fleet lower tercile (~4.3%). That places this route among cheaper corridors on the panel, 3.5 pp under the ~6.4% global average.
That cheapest figure comes from the World Bank's mystery-shopping survey: trained researchers pose as customers and obtain real quotes for a standardized $200 transfer, across the 6 banks, money transfer operators, post offices and mobile-money providers RPW tracks on this corridor. It is a snapshot from that survey quarter, not a live guarantee -- confirm the current rate directly with the provider before sending.
Costs here have eased 1.44 percentage points over the tracked period, a real if modest gain for senders as competition increased. Across 37 quarters on record, average cost ranged 2.1%–9.1%, with 2 quarters at or under the UN 3% target. It currently meets the UN SDG 10.c 3% target.
About Spain → Nigeria data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This corridor's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer.
Average 2.88%; cheapest observed 0.71% via WorldRemit; 6 providers tracked across 37 RPW quarters; vintage 2026-08-10.
Frequently Asked Questions
How much does it cost to send money from Spain to Nigeria?
Average 2.88% of the transfer amount (World Bank RPW, 2025Q3) - lower fleet tercile (below ~4.3%). Cheapest observed: 0.71% via WorldRemit.
What is the cheapest way to send money from Spain to Nigeria?
Lowest RPW survey quote on this corridor: 0.71% (WorldRemit). 6 providers tracked.
Is the Spain to Nigeria corridor meeting the UN SDG cost target?
Yes: 2.9% is at or under the UN SDG 10.c 3% target and sits in the lower fleet cost tercile.
Where does Spain → Nigeria sit among tracked remittance corridors?
According to World Bank Remittance Prices Worldwide average cost among 348 tracked corridors on PlainRemit, Spain → Nigeria ranks #25 of 348 (cheapest = #1). Ordinal uses latest_avg_cost ASC matching /rankings/cheapest. See /methodology#corpus-placement.
Read our methodology - how this data is sourced, computed, and verified.