Sending country · World Bank RPW · NG
Send money from Nigeria
Outbound average cost sits in the upper fleet tercile at 19.0% across 3 destination corridors - senders pay more than typical RPW-tracked markets.
- 19.0%
- Avg outbound cost
- 14.4%
- Cheapest · to Mali
- $0.1B
- Sent per year
- 3
- Destination corridors
Outbound-cost tercile vs fleet
Nigeria posts a 19.0% average outbound cost, above the fleet upper tercile (~7.7%) - across 3 destination corridors. Cheapest tracked floor: 14.4% to Mali.
- #34 of 34
- WDI outflow corpus rank
- 19.0%
- average outbound cost
- 14.4%
- cheapest destination: Mali
- $0.1B
- sent annually
Outbound cost bands from Nigeria
3 destination corridors counted once by recorded average cost on a $200 send. The four bands sum to 3.
HEAVY Heavy-fee >8% lane · country average 19.0%
Cheapest Corridors from Nigeria
High outbound cost from Nigeria
World Bank RPW tracks 3 outbound corridors from Nigeria at an average 19.03% - above the fleet upper tercile (~7.7%). Senders here pay more than typical RPW markets, 12.6 pp above the ~6.4% global average.
The three cheapest outbound corridors from Nigeria right now are Mali at 14.36% via MoneyGram, Benin at 21.36% via MoneyGram, Togo at 21.36% via MoneyGram. These are floor prices on a $200 transfer from Nigeria, fee plus FX margin.
On a high-cost send market, comparing the cheapest provider on the specific corridor matters more than picking a household brand - within-corridor price dispersion often exceeds the gap between the cheapest and dearest destinations.
About Nigeria outbound 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 country'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. The UN Sustainable Development Goal 10.c target is to reduce remittance transaction costs to below 3% by 2030; always verify current rates directly with providers before sending money, rates change frequently.
Average outbound cost 19.03%; 3 destination corridors tracked from Nigeria; vintage 2026-08-10.
Frequently Asked Questions
How much money does Nigeria send in remittances each year?
Nigeria sends about $0.1B a year - lower outflow tercile - to 3 RPW destination countries at 19.03% average outbound cost.
What are the cheapest countries to send money to from Nigeria?
On World Bank RPW $200 sends, the cheapest outbound floors from Nigeria are to Mali, Benin, Togo, as low as 14.36%. Country average outbound cost is 19.03% (upper fleet tercile).
How have remittance costs from Nigeria changed over time?
Nigeria's current average outbound cost is 19.03%, above the fleet upper tercile (~7.7%) and 12.6 pp above the ~6.4% global RPW average. RPW has tracked this send market since 2011; UN SDG 10.c still targets ≤3% by 2030.
How do I compare money transfer services?
To compare money transfer services from Nigeria, look at three factors: (1) total cost as a percentage of your transfer amount, including both the service fee and exchange rate margin, (2) delivery speed, and (3) payment and payout methods available in your destination country. World Bank RPW data, used here, standardizes costs as a percentage of a $200 transfer. Always verify current rates directly with providers before sending.
Where does Nigeria sit among remittance-sending countries?
According to World Bank WDI remittance outflows among 34 tracked sending countries on PlainRemit, Nigeria ranks #34 of 34 by annual dollars sent. /send-from browses alphabetically; this outflow ordinal is the analytical placement basis.