Compare today's NGN to USD (Nigerian Naira to US Dollar) exchange rates
Interbank Exchange Rate: 1 NGN = 0.0008 USD
Updated about an hour ago
Found 1 Remittance Service Providers
1000 NGN =
0.80 USD
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.0008 USD
📢 B2B transfers only
0 Remit Service Providers did not match the search criteria.
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.
All you need to know about Nigerian Naira to US Dollar money transfers
Easily compare money transfer providers in one place to send money from Nigeria to British Indian Ocean Territory. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to US Dollar (USD) 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.
When making a money transfer to British Indian Ocean Territory from Nigeria, we currently have 1 remittance service providers available.
Verto currently offers the most competitive rate for sending money to British Indian Ocean Territory and their 1 NGN to USD exchange rate today is 0.0008.
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 Nigeria.
Were you looking to send money from British Indian Ocean Territory to Nigeria 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 NGN to USD Conversion Rates
Here are some latest NGN to USD (Nigerian Naira to US Dollar) exchange rates for popular conversion amounts*.
| 1 NGN | 0.00 USD |
| 5 NGN | 0.00 USD |
| 10 NGN | 0.01 USD |
| 25 NGN | 0.02 USD |
| 50 NGN | 0.04 USD |
| 100 NGN | 0.08 USD |
| 150 NGN | 0.12 USD |
| 200 NGN | 0.16 USD |
| 250 NGN | 0.20 USD |
| 300 NGN | 0.24 USD |
| 400 NGN | 0.32 USD |
| 500 NGN | 0.40 USD |
| 600 NGN | 0.48 USD |
| 700 NGN | 0.56 USD |
| 800 NGN | 0.64 USD |
| 1,000 NGN | 0.80 USD |
| 1,500 NGN | 1.20 USD |
| 2,000 NGN | 1.60 USD |
| 2,500 NGN | 2.00 USD |
| 3,000 NGN | 2.40 USD |
| 4,000 NGN | 3.20 USD |
| 5,000 NGN | 4.00 USD |
| 10,000 NGN | 8.00 USD |
| 15,000 NGN | 12.00 USD |
| 20,000 NGN | 16.00 USD |
| 30,000 NGN | 24.00 USD |
| 40,000 NGN | 32.00 USD |
| 50,000 NGN | 40.00 USD |
| 100,000 NGN | 80.00 USD |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Nigeria to British Indian Ocean Territory?
With the global remittance market booming, there are so many choices for Nigerian Naira to USD 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 British Indian Ocean Territory 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 USD 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 your money transfers from Nigeria to British Indian Ocean Territory?
When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your NGN to United States Dollar money transfer.Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Nigeria to British Indian Ocean Territory. We carefully select providers to give you the best choices for sending money internationally.
Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for NGN to USD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.
What's the cheapest way for transferring money to British Indian Ocean Territory from Nigeria?
When you want to send money to British Indian Ocean Territory from Nigeria, you obviously want the cheapest possible option to maximize the money your recipient gets in United States Dollar. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your NGN to USD money transfers.Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Nigeria to British Indian Ocean Territory. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.
That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Nigeria to British Indian Ocean Territory exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send United States Dollar overseas.
How to send money from Nigeria to British Indian Ocean Territory through a bank?
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 British Indian Ocean Territory 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 USD transfers.
Given this, there are umpteen additional options to send money to British Indian Ocean Territory 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 British Indian Ocean Territory gets the maximum amount.
What is the fastest way to transfer money from Nigeria to British Indian Ocean Territory?
It could be a stressful experience if you need to rush money quickly from Nigeria to British Indian Ocean Territory. 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 USD. 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 United States Dollar. 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 British Indian Ocean Territory money transfers.
Which are the best money transfer companies to send money to British Indian Ocean Territory from 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 Nigeria to British Indian Ocean Territory, 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 Nigerian Naira to United States Dollar 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 USD money transfers to British Indian Ocean Territory. 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 British Indian Ocean Territory getting more money for every Nigerian Naira you send.
Step by step guide to do a money transfer from Nigeria to British Indian Ocean Territory
There are many important aspects of Nigeria to British Indian Ocean Territory remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Nigeria bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include USD bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much Nigerian Naira amount you want to send from Nigeria.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.