How to Send Money from Germany to Nigeria — Best Ways in 2026

Last updated: 7/3/2026 | By Aboki Forex

Germany has one of the largest and fastest-growing Nigerian communities in Europe, with over 50,000 Nigerians living in cities including Berlin, Frankfurt, Hamburg, Munich, Cologne, and Düsseldorf. Whether you're sending money for family upkeep, school fees, rent, or business investment, getting the best EUR to NGN exchange rate from Germany is crucial. This guide covers every practical method available in 2026.

Quick Comparison: Best Apps to Send Money from Germany to Nigeria

Service Fee (EUR → NGN) Speed Rate Quality
Sendwave €0 fee Minutes ⭐⭐⭐⭐ Great
Wise 0.5–1.5% 0–2 days ⭐⭐⭐⭐⭐ Best rate
Remitly €1.99–€3.99 Minutes–1 day ⭐⭐⭐⭐ Very good
WorldRemit €1.99–€3.99 Minutes–1 day ⭐⭐⭐⭐ Very good
USDT P2P <1% 10–30 mins ⭐⭐⭐⭐⭐ Black market rate
Western Union €5–€15+ Minutes (cash) ⭐⭐⭐ OK
N26 / Revolut N/A N/A ❌ Not supported

1. Sendwave — Zero Fees, Best for Everyday Transfers

Sendwave charges zero transfer fees for Germany-to-Nigeria transfers and delivers naira to Nigerian banks within minutes. It's funded via any German bank account (IBAN) or a Mastercard/Visa debit card. Identity verification requires a German ID card, passport, or residence permit (Aufenthaltstitel).

Best for: Regular family remittances of €100–€2,000.

2. Wise — Best Rate for Larger Transfers

Wise offers the mid-market EUR/NGN rate with a transparent 0.5–1.5% fee. Fund via SEPA bank transfer from any German IBAN (free), debit card, or bank wire. For transfers above €500, Wise consistently delivers more naira than zero-fee services because of its superior exchange rate.

Best for: Large transfers — school fees, rent, or business payments.

3. Remitly — Fast and Reliable

Remitly supports Germany-to-Nigeria transfers with Express (minutes, funded by debit card) and Economy (3–5 days, funded by SEPA bank transfer) options. First-time senders often get promotional rates of €0 fees.

4. WorldRemit — Competitive Flat Fees

WorldRemit charges flat fees of €1.99–€3.99 and offers competitive EUR/NGN rates. Fund via IBAN or debit card. Supports all major Nigerian banks and offers cash pickup via MoneyGram agents for recipients without bank accounts.

5. N26 and Revolut — What You Need to Know

N26 (Germany's largest neobank) does not support international wire transfers to Nigerian bank accounts. You cannot send money to Nigeria directly through N26.

Revolut has limited and inconsistent Nigeria support from Germany. Direct bank deposits to Nigerian accounts are not reliably available. Do not rely on Revolut for Nigeria transfers.

Use Sendwave, Wise, or Remitly instead — they accept funding from any German bank IBAN.

6. Western Union from Germany

Western Union is available at many Postbank branches, Western Union outlets, and online at westernunion.com or the WU app. Cash pickup in Nigeria is available within minutes. Direct deposit to Nigerian banks is also supported. However, WU's rates are less competitive than Sendwave, Wise, or Remitly. Best for: Cash pickup only.

7. USDT P2P Crypto — Closest to Black Market Rate

Sending USDT (Tether) through peer-to-peer (P2P) platforms delivers naira at or very close to the black market rate.

  1. Buy USDT on Binance (or Kraken) using your German bank account or debit card.
  2. Send USDT to your recipient's Binance or Bybit wallet in Nigeria.
  3. Recipient sells USDT on Binance P2P for near black market naira rates.
  4. Naira is deposited to their Nigerian bank within minutes.

Check the current USDT to Naira rate to estimate naira received. Note: EU MiCA regulations require using licensed exchanges (Binance, Kraken, Coinbase) only.

8. Bank SWIFT Wire from a German Bank

Any German bank (Deutsche Bank, Commerzbank, Sparkasse, Volksbank, DKB, ING Germany) can send a SWIFT international wire to a Nigerian domiciliary account or naira account.

  • German banks charge €15–€40 per outgoing SWIFT wire.
  • Funds arrive in 3–5 business days.
  • Best for large transfers above €2,000 or funding a domiciliary account.

Tips for Getting the Best EUR/NGN Rate from Germany

  1. Benchmark against the black market rate. The euro to naira black market rate on Aboki Forex is your ceiling — any service delivering close to it is excellent.
  2. Compare total naira received. A €0-fee service with a worse rate can deliver less naira than a 1% fee service with a better rate.
  3. Use first-time promotions. Remitly and WorldRemit offer €0 fees on first transfers — worth taking advantage of.
  4. Fund via SEPA/IBAN not card. Funding Wise or Remitly via a German SEPA bank transfer is free; paying by debit card adds a small card fee.

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Related Pages

Does Aboki Forex Trade (Exchange) Currencies?
No, we do not trade any currency pair. Aboki Forex is purely an information platform that provides real-time black market and official CBN exchange rates. To exchange currency, contact a licensed Bureau de Change (BDC), your bank, or a trusted local forex dealer.
Is AbokiFx the same as Aboki Forex?
No, Aboki Forex (abokiforex.app) and AbokiFx are two separate and unaffiliated platforms. We are not connected to AbokiFx in any way. Aboki Forex provides live black market and CBN exchange rates for all major currencies versus the Nigerian Naira.
How can I Exchange Currency in Nigeria?
To exchange foreign currency in Nigeria, you have several options: (1) Visit a licensed Bureau de Change (BDC) — these are regulated by the CBN and found in major cities. (2) Use your commercial bank — they offer official CBN rates for account holders. (3) Use a trusted local forex market dealer — these operate in parallel/black market and typically offer higher rates than banks. Always verify the current rate on Aboki Forex before exchanging to ensure you get a fair deal.
Are the Black Market Rates accurate in all Markets?
Aboki Forex provides average black market rates collected from multiple dealers across major Nigerian cities including Lagos, Abuja, Kano, and Port Harcourt. Because the parallel market is unregulated, actual rates vary by location, dealer, and transaction size. The rates on Aboki Forex are a reliable benchmark, but always confirm the exact rate with your dealer before completing any transaction.
What is the difference between CBN, I&E and Black Market Rates?
The CBN (Central Bank of Nigeria) rate is the official government exchange rate used by commercial banks and regulated financial institutions. The I&E (Investors and Exporters) window was a market-based rate that has now been merged with the official CBN rate following Nigeria's forex unification policy. The Black Market rate (also called the parallel market or street rate) is typically higher than the official rate and reflects actual supply and demand dynamics for foreign currency in Nigeria outside the regulated banking system.
How often are the exchange rates updated on Aboki Forex?
Black market exchange rates on Aboki Forex are updated every hour throughout the trading day. The rates reflect real-time data collected from parallel market dealers across Nigeria. CBN official rates are updated daily, typically after the Central Bank of Nigeria publishes its official rates each business day.
What is the best way to send money from the USA to Nigeria?
The best way to send money from the USA to Nigeria depends on the amount: Sendwave charges zero fees for everyday transfers, Wise gives the best exchange rate on larger amounts, and USDT P2P delivers naira closest to the black market rate. Note that Zelle, Cash App, and Venmo cannot send money to Nigeria. See our full guide on how to send money from the USA to Nigeria, and check the live dollar to naira black market rate before you send.
Why is the black market dollar to naira rate higher than the official CBN rate?
The black market dollar to naira rate is higher than the official CBN rate because of the gap between foreign currency supply and demand in Nigeria. The Central Bank of Nigeria controls access to dollars at the official rate, limiting who can buy forex through official channels. Businesses and individuals who cannot access dollars through banks must turn to the parallel market, where higher demand relative to supply drives up the exchange rate.