Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's IRR to NGN (Iranian Rial to Nigerian Naira) exchange rates

Iran
Nigeria
IRR

Interbank Exchange Rate: 1 IRR = 0.0330 NGN
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Iranian Rial to Nigerian Naira money transfers

Easily compare money transfer providers in one place to send money from Iran to Nigeria. Send money overseas to your loved ones by comparing Iranian Rial (IRR) to Nigerian Naira (NGN) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Iran.

Were you looking to send money from Nigeria to Iran instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest IRR to NGN Conversion Rates

Here are some latest IRR to NGN (Iranian Rial to Nigerian Naira) exchange rates for popular conversion amounts*.

1 IRR0.03 NGN
5 IRR0.17 NGN
10 IRR0.33 NGN
25 IRR0.83 NGN
50 IRR1.65 NGN
100 IRR3.30 NGN
150 IRR4.95 NGN
200 IRR6.60 NGN
250 IRR8.25 NGN
300 IRR9.90 NGN
400 IRR13.20 NGN
500 IRR16.50 NGN
600 IRR19.80 NGN
700 IRR23.10 NGN
800 IRR26.40 NGN
1,000 IRR33.00 NGN
1,500 IRR49.50 NGN
2,000 IRR66.00 NGN
2,500 IRR82.50 NGN
3,000 IRR99.00 NGN
4,000 IRR132.00 NGN
5,000 IRR165.00 NGN
10,000 IRR330.00 NGN
15,000 IRR495.00 NGN
20,000 IRR660.00 NGN
30,000 IRR990.00 NGN
40,000 IRR1,320.00 NGN
50,000 IRR1,650.00 NGN
100,000 IRR3,300.00 NGN

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Nigeria from Iran?

With the global remittance market booming, there are so many choices for Iranian Rial to NGN money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Nigeria from Iran. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final NGN amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for sending money from Iran to Nigeria?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Iran to Nigeria transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your IRR to Nigerian Naira international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Iranian Rial to Nigerian Naira exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to send money from Iran to Nigeria?

One of the most important things to watch out for is hidden fees when sending money to Nigeria from Iran. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Nigeria using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Nigerian Naira foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best IRR to Nigeria exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Nigeria from Iran.


Should I use my bank to send money from Iran to Nigeria?

Big banks in Iran are known to make a lot of money by charging high fees on Nigeria money transfers from Iran. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a IRR to NGN exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Nigeria. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Iran to Nigeria. You work hard for your money, so you should also ensure you get the maximum yield when you send NGN overseas.


What is the fastest way to transfer money from Iran to Nigeria?

The speed of your Iranian Rial to Nigerian Naira funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert IRR to NGN. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Nigeria from Iran is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Nigeria if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout NGN into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Iran bank to Nigeria bank transfer.


Which are the best money transfer companies to transfer money from Iran to Nigeria?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Iran to Nigeria, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Iranian Rial to Nigerian Naira exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your NGN money transfers to Nigeria. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Nigeria getting more money for every Iranian Rial you send.


Step by step guide to do a money transfer from Iran to Nigeria

The first step to send money to Nigeria from Iran is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your IRR to NGN overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Nigeria if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Iran bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Nigeria!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Iran to Nigeria.