Receiving country · World Bank RPW · NG
Send money to Nigeria
Corridor breadth is high-tercile (10 inbound sources) - more origin countries quote routes into Nigeria than the bulk of the receive panel.
- 5.4%
- Avg inbound cost
- 0.0%
- Cheapest · from United Kingdom
- $22.8B
- Received per year
- 10
- Source corridors
Corridor-breadth tercile vs fleet
Nigeria is quoted from 10 origin countries, above the fleet breadth tercile (~3 corridors). Average inbound cost is 5.4%.
- #8 of 53
- WDI inflow corpus rank
- 5.4%
- average inbound cost
- 0.0%
- cheapest source: United Kingdom
- $22.8B
- received annually
Inbound cost bands to Nigeria
10 source corridors counted once by recorded average cost on a $200 send. The four bands sum to 10.
HIGH High-fee 5–8% lane · country average 5.4%
Cheapest Ways to Send Money to Nigeria
All Corridors to Nigeria
| # | From | Avg cost | Cheapest | Cheapest provider |
|---|---|---|---|---|
| 1 | United Kingdom | 2.0% | 0.0% | Sendwave |
| 2 | Netherlands | 2.8% | 0.3% | WorldRemit |
| 3 | Spain | 2.9% | 0.7% | WorldRemit |
| 4 | United States | 2.9% | 0.0% | MoneyGram |
| 5 | Germany | 2.9% | 0.3% | Sendwave |
| 6 | Canada | 3.2% | 1.0% | Remitly |
| 7 | Cameroon | 4.4% | 4.1% | Western Union |
| 8 | Italy | 4.6% | 0.7% | WorldRemit |
| 9 | Ghana | 13.3% | 12.0% | EcoBank Rapid Transfer |
| 10 | South Africa | 14.7% | 3.5% | Mama Money |
Wide origin set into Nigeria
10 origin countries quote routes into Nigeria - above the fleet breadth tercile (~3). Average inbound cost is 5.36% on $200 RPW sends.
The three cheapest inbound corridors to Nigeria right now are from United Kingdom at 0.01% via Sendwave, United States at 0.01% via MoneyGram, Netherlands at 0.25% via WorldRemit. These are floor prices on a $200 transfer into Nigeria, fee plus FX margin.
For senders pointing money toward Nigeria, compare the cheapest provider on the specific corridor rather than defaulting to a household brand.
About Nigeria inbound 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 inbound cost 5.36%; 10 source corridors tracked to Nigeria; vintage 2026-08-10.
Frequently Asked Questions
How much money is sent to Nigeria each year?
Nigeria receives about $22.8B a year - upper inflow tercile among WDI-tracked receivers - from 10 RPW source countries at 5.36% average inbound cost.
What is the cheapest way to receive money in Nigeria?
On World Bank RPW $200 sends, the cheapest inbound floors into Nigeria are from United Kingdom, United States, Netherlands, as low as 0.01%. Country average inbound cost is 5.36%.
How have remittance costs to Nigeria changed over time?
RPW has tracked transfer costs to Nigeria since 2011. The current average inbound cost is 5.36% versus a ~6.4% global RPW average; UN SDG 10.c targets ≤3% by 2030.
Where does Nigeria sit among remittance-receiving countries?
According to World Bank WDI remittance inflows among 53 tracked receiving countries on PlainRemit, Nigeria ranks #8 of 53 by annual dollars received. /send-to browses alphabetically; this inflow ordinal matches the largest-receivers research ranking.