How to Send Money from Europe to Nigeria — Best Ways in 2025

Last updated: 6/24/2026 | By Aboki Forex

Europe is home to hundreds of thousands of Nigerians — with large communities in Ireland, Italy, Germany, the Netherlands, Spain, France, and Belgium. Whether you're in Dublin sending money for family bills, in Berlin paying school fees back home, or in Milan supporting elderly parents, this guide covers every practical option for sending euros (and other European currencies) to Nigeria in 2025.

1. Sendwave — Zero Fees from Most EU Countries

Sendwave supports transfers from many EU countries including Ireland, Italy, Germany, France, the Netherlands, Spain, and Belgium, with zero transfer fees. You pay in euros (or your local currency) via debit card, and naira lands in your recipient's Nigerian bank account within minutes.

How it works: Download the Sendwave app, verify your identity with a European national ID or passport, link a European debit card, and send directly to any Nigerian bank account. Check the app to confirm availability in your specific country.

Best for: Regular family remittances, monthly allowances, and small-to-medium transfers where zero fees matter most.

2. Wise — Best EUR/NGN Exchange Rate for Larger Transfers

Wise has excellent European coverage — it was founded in Europe (Estonia/UK) and is available in all EU countries. Wise offers the mid-market EUR/NGN exchange rate with a transparent 0.5–1.5% fee. For transfers above €300, Wise typically delivers more naira than any other mainstream service.

How to pay from Europe: SEPA bank transfer (free, takes 1 business day to settle on Wise's end), European debit card (instant but small card fee), or Wise balance if you already hold euros on the platform.

Best for: Large transfers — school fees, property payments, business transfers, rent — where the best EUR/NGN rate delivers the most naira for your euros.

3. Remitly — Reliable with Fast and Economy Options

Remitly is available across Europe and offers two speed tiers for Nigeria: Express (minutes, slightly higher fee) and Economy (2–5 business days, lower fee). Remitly's first-transfer promotions often include zero fees and enhanced exchange rates — a significant saving on your first send.

Supported Nigerian banks: All major banks including Access, GTBank, Zenith, First Bank, UBA, Fidelity, Polaris, Stanbic, and more.

Best for: Nigerians across Europe who want a trusted app with multilingual customer support and a clear, upfront fee structure.

4. WorldRemit — Good for Flat-Fee Transfers

WorldRemit charges low flat fees (€1.99–€3.99) and offers competitive exchange rates from Europe to Nigeria. It supports bank deposit to all major Nigerian banks and Western Union cash pickup for recipients without a bank account. Available in most EU countries.

Best for: Medium transfers where a flat fee beats a percentage-based fee, or when the recipient needs cash pickup at a Western Union agent in Nigeria.

5. USDT P2P Crypto — Closest to the Black Market Rate

Sending money via USDT (Tether) through peer-to-peer (P2P) platforms is increasingly popular among Nigerians in Europe who want the best naira rate. The recipient typically receives naira at or very close to the black market rate shown on Aboki Forex.

Step-by-step from Europe:

1. Buy USDT on Binance, Coinbase, or Kraken using a SEPA bank transfer (cheapest) or European debit card. Crypto exchanges are legal and regulated in most EU countries.
2. Send the USDT to your recipient's Binance or Bybit wallet in Nigeria.
3. Your recipient sells the USDT on Binance P2P to a Nigerian buyer for naira at near black market rates.
4. The naira is deposited into their Nigerian bank account within minutes.

Check the current USDT to Naira rate to estimate how much naira your recipient would receive.

EU tax note: In many EU countries, buying and selling crypto may be a taxable event. Check your local country's crypto tax rules or consult a tax professional.

6. Western Union from Europe

Western Union is available online and at many agent locations across Europe. Cash pickup in Nigeria is available within minutes at thousands of WU agent locations. Best for recipients who need cash or don't have a Nigerian bank account.

However, Western Union's exchange rates are less competitive than Wise, Sendwave, or Remitly, and fees are higher. Use WU only when cash pickup is specifically required.

7. EU Bank International Wire (SWIFT)

All European banks support international SWIFT wire transfers to Nigerian bank accounts, but this is typically the most expensive option:

• EU banks charge €15–€50 per outgoing international wire, depending on the bank and country.
• Banks apply poor exchange rates (often 2–4% worse than the mid-market rate).
• Funds arrive at the Nigerian bank in 3–5 business days.
• If sent to a domiciliary (USD) account, the recipient can hold dollars and convert when the rate is favourable.

Best for: Very large transfers above €5,000 where app transfer limits are an issue, or when funding a Nigerian domiciliary account directly from your European bank.

Country-Specific Notes

How to Get the Best EUR/NGN Rate

1. Check the euro to naira black market rate first. The euro to naira black market rate on Aboki Forex is your ceiling benchmark for the best rate your recipient could receive in Nigeria.
2. Compare total naira received, not fees. A zero-fee service with a 2% worse rate delivers less naira than a 1% fee service with a better rate. Always calculate end-to-end.
3. Use first-transfer promotions. Remitly and WorldRemit typically offer zero fees and better rates on your first transfer — worth significant savings.
4. Fund Wise via SEPA for the cheapest option. Bank transfers into Wise cost €0 via SEPA, making the total cost just the 0.5–1.5% conversion fee.
5. Monitor the naira rate. Check Aboki Forex daily — the naira fluctuates against the euro and timing your transfer well can deliver significantly more naira.

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