Sending money from the UK to Nigeria has never been easier. With over £5 billion in annual remittances, Nigerians abroad are constantly seeking cheaper, faster, and more secure transfer options.
But with dozens of providers — each offering different rates, fees, and delivery speeds — it’s hard to know who gives the best deal.
That’s where nairaCompare’s Send Money tool comes in. Compare all major UK-to-Nigeria money transfer services in one click and find the cheapest, fastest, and most reliable option for your transfer.
Instead of visiting multiple websites, nairaCompare brings all the information to one screen.
You’ll instantly see live exchange rates, total fees, transfer speeds, and exactly how much your recipient will receive in naira.
Mid-market rate (August 2025): ~₦2,050 per £1
Rates vary by provider and update multiple times daily.
|
Provider |
Transfer Fee |
Exchange Rate Markup |
Speed |
Best For |
|
Wise |
0.41-0.78% |
Mid-market rate |
64% under 20 seconds |
Best overall value |
|
TransferGo |
£0 |
Competitive rates |
Minutes |
Free transfers |
|
Revolut |
Varies by plan |
Real-time rates |
Under 30 minutes |
Existing users |
|
Western Union |
£1.90-£4.90 |
3-4% markup |
Minutes to hours |
Cash pickup |
|
Remitly |
£0.99-£3.99 |
1-3% markup |
Minutes |
New customer promos |
What makes our comparison unique:
| Provider | Amount Received (₦) | Savings vs Bank |
|---|---|---|
| UK Bank | ₦1,950,000 | – |
| Wise | ₦2,042,000 | £67 |
| TransferGo | ₦2,045,000 | £70 |
💬 Tip: Traditional banks can charge 3–6% in hidden mark-ups and £15–£25 in fees — costing you up to £85 per £1,000 sent. Understanding how inflation affects your savings is crucial when choosing transfer timing.
1. Visit nairaCompare's Send Money page
2. Enter your transfer amount in GBP
3. Click “Compare rates”
4. Compare live rates from all providers
5. Choose based on cost, speed, or convenience
1. Bank Transfer: Direct to GTBank, Zenith, Access, First Bank, UBA (instant – 24 h)
2. Mobile Wallet: OPay, PalmPay, Kuda, Moniepoint (minutes)
3. Cash Pickup: Western Union, MoneyGram locations (minutes)
Create an account with your chosen provider → verify identity → enter recipient details → review cost → pay → track your transaction.
1. Create an account with the chosen provider
2. Verify identity (passport/driving licence)
3. Enter recipient details (full name, account number, bank name)
4 Review total cost and fund transfer
5. Track progress using the reference number
| Term | Meaning |
|---|---|
| Mid-market rate | True, markup-free rate between GBP ↔ NGN |
| Spread | Provider’s hidden profit margin |
| Transfer fee | Up-front charge per transaction |
| Total cost | Fee + exchange rate markup |
Use nairaCompare's live GBP to NGN calculator to track real-time rates and optimize transfer timing.
|
Method |
Speed |
Best Providers |
|
Instant |
Under 1 minute |
Wise (from balance), TransferGo |
|
Fast |
1-30 minutes |
Revolut, Remitly Express |
|
Standard |
1-4 hours |
Wise (bank transfer), Western Union |
|
Economy |
3-5 days |
Traditional banks |
All reputable providers must be:
Recipients should consider exclusive savings promotions from Nigerian banks to maximize transferred funds.
Encourage recipients in Nigeria to:
Compare savings account interest rates on nairaCompare Savings
Explore money market funds for better yields than traditional savings
Learn about compound interest to grow remittances sustainably
Q: How does nairaCompare's tool work?
Our platform aggregates real-time rates from 15+ providers, calculates total costs including hidden fees, and ranks by value.
Q: What's the cheapest way to send money?
It varies daily. Use our comparison tool to find the best deal for your specific amount and timing.
Q: How much can I save?
Users typically save £25-£75 per £1,000 transfer compared to high street banks.
Q: Can I get rate alerts?
Yes! You’ll soon be able to sign up for free email alerts when GBP/NGN rates improve..
Compare providers before every transfer
Time transfers during UK business hours for better liquidity
Maintain accounts with two or more providers for flexibility
Monitor seasonal rate patterns and holiday promos
Sending money from the UK to Nigeria doesn't have to be expensive. nairaCompare's Send Money comparison tool eliminates guesswork by showing exactly which provider offers the best deal for your transfer.
Whether you need the cheapest option, fastest delivery, or most convenient pickup, our platform compares everything in real-time. Join thousands of users who save money by comparing first.
Ready to start saving? Compare providers now and see how much you can save on your next transfer.
Last updated: October 2025. Exchange rates are subject to change. Always verify current rates using nairaCompare's live comparison tool.