📈 Netherlands to Nigeria Money Transfer Snapshot Today
- Best EUR to NGN exchange rate today: NGN 1,662.1823, offered by Dahabshiil
- Number of money transfer providers compared: 9
- Exchange rate range: NGN 1,662.1823 to NGN 1,550.0000
- Potential savings on EUR 1000: NGN 112,182.30
- Number of deals and promo codes: 6
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to NGN exchange rate before providers add their margin or fees. exchange rate: 1 EUR = NGN 1,584.7713 (Updated about 1 hours ago)
See detailed Netherlands to Nigeria money transfer comparison below.
Netherlands to Nigeria money transfer providers that matched the search criteria
📢 Get promotional rate on your first transfer
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What these rates mean for sending money to Nigeria from Netherlands today
Compare top-rated money transfer providers to find the best way to remit money to Nigeria from Netherlands. Check today's EUR to NGN exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 9 providers for Netherlands to Nigeria money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Nigeria from Netherlands
🥇 Dahabshiil with 1 EUR = 1,662.1823 NGN (best EUR to NGN exchange rate today).
🥈 TalkRemit offering 1 EUR = 1,657.3783 NGN.
The 9 providers compared today offer exchange rates from NGN 1,550.0000 to NGN 1,662.1823. On a EUR 1000 transfer from Netherlands to Nigeria, that spread means up to NGN 112,182.30 in potential savings — simply by choosing the right provider.
Euro to Nigerian Naira exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much NGN your recipient receives in Nigeria.
Compare the providers above to maximize every EUR you send to Nigeria. The best Euro to Nigerian Naira transfer rate changes daily, so comparing today matters.
🔄 Looking for the reverse corridor? Send money from Nigeria to Netherlands instead.
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 Netherlands.
👇 There is more to a great transfer than today's EUR to NGN exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Nigeria from Netherlands.
Whilst Euro to Nigerian Naira exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of Netherlands to Nigeria remittance data to show you exactly where costs arise, and the best practices that maximize your NGN payout on every transfer.
Cost insights to remit money from Netherlands to Nigeria (data-backed)
When you send money internationally from Netherlands to Nigeria, the following 4 key factors determine how much your recipient actually receives:
- EUR to NGN exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Nigeria the maximum NGN payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from Netherlands to Nigeria urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for EUR to NGN money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 425 actual Netherlands to Nigeria money transfers handled by 12 providers over the last 5 years (for a EUR 140 remittance benchmark).
This analysis of real Euro to Nigerian Naira transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Euro you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from Netherlands to Nigeria
- Average total cost: 3.69% (range -11.10% to 17.05%, spread 28.15 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 39.41.
- Average FX markup: 1.68% (range -12.45%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 9.96%, spread 22.41 percentage points) - Average transfer fee: EUR 2.81 (range EUR 0.00 to EUR 12.00)
- Cheapest payment/delivery method combo: Credit Card → Bank Deposit (2.22% avg cost); most expensive is Cash → Bank Deposit (6.62%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 4.40% (EUR 6.16 on EUR 140 transfer).
- Market coverage: ~12 providers on average (competition level: competitive)
- Average speed: About 12 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Nigeria from Netherlands.
📈 EUR to NGN Exchange Rate: The biggest factor when you send Euro to Nigerian Naira
The exchange rate on your Netherlands to Nigeria money transfer is the single biggest factor determining your overall EUR cost — and how many Nigerian Naira your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on Euro to Nigeria transfers:
- Average markup: 1.68%
- Median markup: 1.56%
- Lowest markup: -12.45%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 9.96%
That is a spread of 22.41 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a EUR 140 transfer, that spread is NGN 31.37 in differences purely from the exchange rate. On a EUR 345 transfer, that gap grows to NGN 77.31.
🛠️ How to use this insight: When comparing providers for Netherlands to Nigeria remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
The EUR to NGN exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from Netherlands to Nigeria
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Euro actually reaches your recipient in Nigeria.
Based on 5 years of pricing data, here is what we see on Euro to Nigeria money transfer fees:
- Average fee: EUR 2.81
- Median fee: EUR 1.99
- Lowest fee: EUR 0.00
- Highest fee: EUR 12.00
The average fee of EUR 2.81 represents 2.01% of a EUR 140 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to EUR 12.00.
🛠️ How to use this insight: For your next money transfer from Netherlands to Nigerian Naira, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower EUR to NGN exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a EUR 200 transfer, a EUR 5 fee is 2.5% of your total amount. On a EUR 2,000 transfer, that same fee is just 0.25%. If you send smaller Euro to Nigerian Naira transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your EUR to NGN transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Nigeria from Netherlands
Based on our analysis of historical Netherlands to Nigeria remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when Euro to Nigerian Naira exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Nigeria from Netherlands:
- Bank Account Transfer: 3.14%
- Credit Card: 3.28%
- Debit Card: 3.29%
- Cash: 6.13%
That is a spread of 2.99 percentage points.
👉 On a EUR 140 transfer, this means you could save up to EUR 4.18 simply by choosing a lower-cost payment method.
These savings increase further for larger EUR transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from Netherlands to Nigeria:
- Bank Deposit: 2.90%
- Cash Pickup: 4.39%
This is a difference of 1.49 percentage points.
👉 On a EUR 140 transfer, you could save up to EUR 2.09 by choosing Bank Deposit instead of Cash Pickup.
Different combinations of payment methods in Netherlands and delivery methods in Nigeria can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for Netherlands to NGN money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Bank Deposit | 2.22 |
| Debit Card | Bank Deposit | 2.38 |
| Bank Account Transfer | Bank Deposit | 2.85 |
| Bank Account Transfer | Cash Pickup | 3.61 |
| Debit Card | Cash Pickup | 4.05 |
| Credit Card | Cash Pickup | 4.27 |
| Cash | Cash Pickup | 5.90 |
| Cash | Bank Deposit | 6.62 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these EUR to NGN payment and delivery options is significant.
- Lowest cost: Credit Card → Bank Deposit (2.22%)
- Highest cost: Cash → Bank Deposit (6.62%)
- Difference: 4.40 percentage points
👉 On a EUR 140 transfer, you could save up to EUR 9.27
👉 On a EUR 345 transfer, savings increase to EUR 22.85
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Nigeria money transfers.
💸 Cheapest Payment & Delivery Methods to send EUR to NGN transfers (data-backed)
- Cheapest payment method: Bank Account Transfer (3.14%) vs Cash (6.13%)
- Cheapest delivery method: Bank Deposit (2.90%) vs Cash Pickup (4.39%)
- Cheapest combination: Credit Card → Bank Deposit (2.22%) vs Cash → Bank Deposit (6.62%)
🛠️ How to use this insight: As you compare money transfer providers for your next Netherlands to Nigeria international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Netherlands to Nigeria remittances by carefully choosing the cheapest payment and delivery methods.
🏦 Are banks more expensive than money transfer services for Netherlands to Nigeria money transfers?
When we compared Netherlands banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 1.70 percentage points more on average than money transfer providers for Netherlands to Nigeria remittances.
This means banks are roughly 1.46x more expensive for sending EUR to Nigeria.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | EUR 7.50 | EUR 2.72 | EUR 4.78 |
| Exchange rate markup | 0.00% | 1.72% | -1.72 pp* |
| Average total cost (%) | 5.36% | 3.66% | 1.70 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Netherlands may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want use your bank in Netherlands, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost to remit money from Netherlands to Nigeria?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Netherlands to Nigeria.
We found that sending a higher amount (EUR 345) is typically cheaper — average cost drops from 3.69% to 2.67%, a reduction of 1.02 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Euro amounts to Nigeria, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the market for sending money to Nigeria from Netherlands?
Based on data from the last 5 years, Euro to Nigerian Naira money transfers are provided on an average by 12 remittance companies. With this number of providers, we consider the level of market competition to be competitive.
Traditional banks account for only 16.7% of active providers (2 out of 12), whilst money transfer services make up the majority. This means you have more options beyond banks when you transfer EUR to Nigeria.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Netherlands to Nigeria remittances.
This is why comparing providers is especially important when you transfer money from Netherlands to Nigeria.
⏱️ How fast can you transfer Euro to Nigerian Naira?
If your recipient in Nigeria needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for Netherlands to Nigeria transfers:
- Average transfer time: About 12 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at EUR 140: About 12 hours.
- Average speed at EUR 345: About 12 hours.
Banks vs money transfer providers speed comparison: Banks take 86 hours longer on average than money transfer providers.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer EUR to Nigeria.
🛠️ How to use this insight: If you need to send money from Netherlands to Nigeria in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Nigeria.
Transfer speed for Netherlands to Nigeria money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Nigeria from Netherlands
These FAQs use data from RemitFinder's historical analysis of Netherlands to Nigeria money transfers over several years.
What factors affect the total cost of sending money from Netherlands to Nigeria?
The total cost of your Euro to Nigerian Naira money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to Nigeria from Netherlands?
Historical Euro to Nigerian Naira exchange rate markup ranges from -12.45% to 9.96%, a spread of 22.41 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send Euro to Nigeria?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR to NGN remittance rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Exchange Rate vs Transfer Fee: What matters more when you send money to Nigeria from Netherlands?
Exchange rate markup ranges from -12.45% to 9.96% (a spread of 22.41 percentage points).
Transfer fees range from EUR 0.00 to EUR 12.00, which equals roughly 8.57% on a EUR 140.00 transfer.
At both EUR 140.00 and EUR 345.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Netherlands to Nigeria money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most NGN for your EUR.
How much can costs vary between providers when sending money from Netherlands to Nigeria?
Historical transfer cost ranges from -11.10% to 17.05% for EUR transfers to Nigeria. That is a spread of 28.15 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -12.45% to 9.96% (a spread of 22.41 percentage points). Thus, even small differences in FX margin can have a big impact on the final NGN payout.
Why do Money Transfer Providers charge different rates for Euro to Nigerian Naira money transfers?
If you send the same Euro amount to Nigeria via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final NGN payout in Nigeria in a big way.
How stable are the costs to remit money to Nigeria from Netherlands?
When we analyzed the historical total cost for EUR to NGN transfers, we observed a range from -11.10% to 17.05% (28.15 percentage points difference), along with a variability (standard deviation) of 3.05%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -12.45% to 9.96% (22.41 percentage points difference), with a standard deviation of 2.02%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your Euro to Nigerian Naira transfers.
Which Payment Method is the cheapest to send money from Netherlands to Nigeria?
Bank Account Transfer is the cheapest payment method in Netherlands based on its average cost at 3.14% (compared to Cash at 6.13%, a difference of 2.99 percentage points).
Based on this, we recommend paying for your EUR transfer with Bank Account Transfer, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card when you transfer money to Nigeria from Netherlands?
Credit Card is cheaper on average when sending money to Nigeria from Netherlands since it costs 3.29% (compared to 3.28% for Credit Card payments, a difference of 0.01 percentage points).
As a result, we recommend that you avoid paying for your transfer to Nigeria with a Credit Card.
Which Delivery Method is cheapest when you remit money to Nigeria from Netherlands?
Bank Deposit is the cheapest delivery method in Nigeria as it costs 2.90% (compared to Cash Pickup at 4.39%, a spread of 1.49 percentage points).
If your recipient in Nigeria can accept Bank Deposit, we recommend choosing it as your preferred delivery option for Euro to Nigerian Naira transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to Nigeria from Netherlands?
Bank Deposit is cheaper for Euro transfers to Nigeria given its 2.90% average cost (versus 4.39% for Cash Pickup, a difference of 1.49 percentage points).
To save more, consider choosing the cheapest delivery option for Nigeria.
What is the cheapest way to send money from Netherlands to Nigeria?
We evaluated 8 payment and delivery method combinations for Netherlands to Nigeria remittances.
Based on historical data, Credit Card → Bank Deposit is the cheapest combination with 2.22% cost.
At the other end of the spectrum, Cash → Bank Deposit is the most expensive combination at 6.62% cost. That is a difference of 4.40 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for Netherlands to Nigeria remittances differently. As you compare options, look for the cheapest combination to maximize the value of your EUR to NGN transfers.
Does sending more money reduce the cost to transfer money to Nigeria from Netherlands?
Larger Euro to Nigerian Naira transfers are cheaper on average.
The cost of a EUR 140 transfer averages 3.69% as compared to 2.67% for a EUR 345 transfer, a difference of 1.02 percentage points.
How long does it take to send EUR to NGN money transfers?
Based on our analysis, the average transfer time for Euro to Nigerian Naira transfers is 12 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Can you instantly transfer money from Netherlands to Nigeria?
Yes, historical data shows that some transfers to Nigeria from Netherlands can complete in less than one hour.
Note that the actual speed of your EUR to NGN transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Netherlands to Nigeria remittances?
Banks in Netherlands are more expensive than money transfer providers.
The average cost of banks is 5.36% compared to 3.66% for money transfer providers in Netherlands, a difference of 1.70 percentage points.
Why do banks charge more to remit money from Netherlands to Nigeria?
Bank transfers in Netherlands cost 5.36% compared to 3.66% for money transfer companies.
The difference is often due to the fact that banks in Netherlands provide lower exchange rates and charge higher wire transfer fees.
How competitive is the market for sending money from Netherlands to Nigeria?
Based on historical data, the competition level in Netherlands to Nigeria is considered competitive with 12 active providers.
Money transfer providers represent about 83.3% of identified providers in Netherlands.
Can you overpay if you do not compare providers before transferring money to Nigeria from Netherlands?
Historically, total EUR to NGN transfer cost has varied by 28.15 percentage points. On a EUR 140 transfer, that can translate to EUR 39.41 in savings.
Euro to Nigerian Naira exchange rate markup also varies across providers. The average markup spread has been about 22.41 percentage points. On a EUR 140 transfer, that could be EUR 31.37 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 12.00 across providers.
That is why comparing providers can materially change how much of the EUR you send your recipient receives in Nigeria.
Latest Exchange Rates for Sending Money to Nigeria from Netherlands
Here are some latest EUR to NGN (Euro to Nigerian Naira) exchange rates for popular conversion amounts*.
| 1 EUR | 1,584.77 NGN |
| 5 EUR | 7,923.86 NGN |
| 10 EUR | 15,847.71 NGN |
| 25 EUR | 39,619.28 NGN |
| 50 EUR | 79,238.57 NGN |
| 100 EUR | 158,477.13 NGN |
| 150 EUR | 237,715.70 NGN |
| 200 EUR | 316,954.26 NGN |
| 250 EUR | 396,192.83 NGN |
| 300 EUR | 475,431.39 NGN |
| 400 EUR | 633,908.52 NGN |
| 500 EUR | 792,385.65 NGN |
| 600 EUR | 950,862.78 NGN |
| 700 EUR | 1,109,339.91 NGN |
| 800 EUR | 1,267,817.04 NGN |
| 1000 EUR | 1,584,771.30 NGN |
| 1500 EUR | 2,377,156.95 NGN |
| 2000 EUR | 3,169,542.60 NGN |
| 2500 EUR | 3,961,928.25 NGN |
| 3000 EUR | 4,754,313.90 NGN |
| 4000 EUR | 6,339,085.20 NGN |
| 5000 EUR | 7,923,856.50 NGN |
| 10000 EUR | 15,847,713.00 NGN |
| 15000 EUR | 23,771,569.50 NGN |
| 20000 EUR | 31,695,426.00 NGN |
| 30000 EUR | 47,543,139.00 NGN |
| 40000 EUR | 63,390,852.00 NGN |
| 50000 EUR | 79,238,565.00 NGN |
| 100000 EUR | 158,477,130.00 NGN |
*Based on the Mid-market Exchange Rate
1 Based on 425 pricing observations across 12 firms over the last 5 years for a EUR 140 money transfer from Netherlands to Nigeria. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Netherlands to Nigeria remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.