Question 1

What's the best way to transfer money from Nigeria to Brazil?

Accepted Answer

With the global remittance market booming, there are so many choices for Nigerian Naira to BRL 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 Brazil from Nigeria. 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 BRL 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.

Question 2

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

Accepted Answer

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 Nigeria to Brazil 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 NGN to Brazilian Real 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 Nigerian Naira to Brazilian Real exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.

Question 3

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

Accepted Answer

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Nigeria to Brazil via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Nigerian Naira to Brazilian Real remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Nigeria to Brazil exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for NGN to BRL remittances.

Question 4

How to send money from Nigeria to Brazil through a bank?

Accepted Answer

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Nigeria to Brazil money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like NGN to BRL transfers.

Given this, there are umpteen additional options to send money to Brazil instead of just your Nigeria bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Nigerian Naira even more so that your recipient in Brazil gets the maximum amount.

Question 5

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

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Nigeria to Brazil. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert NGN to BRL. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Brazilian Real. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Nigeria to Brazil money transfers.

Question 6

Which are the best money transfer companies to send money from Nigeria to Brazil?

Accepted Answer

Nigeria to Brazil money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Brazil as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Nigerian Naira to Brazilian Real money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.

Question 7

Step by step guide to send money from Nigeria to Brazil

Accepted Answer

The first step to send money to Brazil from Nigeria 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 NGN to BRL 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 Brazil if paying via ACH direct deposit or bank transfer.
Enter your sending amount, and initiate a transaction.
Pay for your transaction via your Nigeria bank account or alternative methods like a debit card.
Sit back and relax, and see your money travel to Brazil!

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 Nigeria to Brazil.

1 NGN	0.00 BRL
5 NGN	0.02 BRL
10 NGN	0.04 BRL
25 NGN	0.10 BRL
50 NGN	0.19 BRL
100 NGN	0.39 BRL
150 NGN	0.59 BRL
200 NGN	0.78 BRL
250 NGN	0.98 BRL
300 NGN	1.17 BRL
400 NGN	1.56 BRL
500 NGN	1.95 BRL
600 NGN	2.34 BRL
700 NGN	2.73 BRL
800 NGN	3.12 BRL
1000 NGN	3.90 BRL
1500 NGN	5.85 BRL
2000 NGN	7.80 BRL
2500 NGN	9.75 BRL
3000 NGN	11.70 BRL
4000 NGN	15.60 BRL
5000 NGN	19.50 BRL
10000 NGN	39.00 BRL
15000 NGN	58.50 BRL
20000 NGN	78.00 BRL
30000 NGN	117.00 BRL
40000 NGN	156.00 BRL
50000 NGN	195.00 BRL
100000 NGN	390.00 BRL

Compare today's NGN to BRL (Nigerian Naira to Brazilian Real) exchange rates

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