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Compare today's NGN to XOF (Nigerian Naira to CFA Franc BCEAO) exchange rates

Nigeria
Burkina Faso
NGN

Interbank Exchange Rate: 1 NGN = 0.4022 XOF
Updated about 1 hours ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
396.40 XOF
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.3964 XOF

📢 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.





All you need to know about Nigerian Naira to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Burkina Faso. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to CFA Franc BCEAO (XOF) 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.

RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Nigeria to Burkina Faso.

The best rate to send CFA Franc BCEAO from Nigerian Naira to your loved ones in Burkina Faso is currently offered by Verto; their 1 NGN to XOF exchange rate today is 0.3964.

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 Burkina Faso 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 XOF Conversion Rates

Here are some latest NGN to XOF (Nigerian Naira to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 NGN0.40 XOF
5 NGN2.01 XOF
10 NGN4.02 XOF
25 NGN10.06 XOF
50 NGN20.11 XOF
100 NGN40.22 XOF
150 NGN60.33 XOF
200 NGN80.44 XOF
250 NGN100.55 XOF
300 NGN120.66 XOF
400 NGN160.88 XOF
500 NGN201.10 XOF
600 NGN241.32 XOF
700 NGN281.54 XOF
800 NGN321.76 XOF
1,000 NGN402.20 XOF
1,500 NGN603.30 XOF
2,000 NGN804.40 XOF
2,500 NGN1,005.50 XOF
3,000 NGN1,206.60 XOF
4,000 NGN1,608.80 XOF
5,000 NGN2,011.00 XOF
10,000 NGN4,022.00 XOF
15,000 NGN6,033.00 XOF
20,000 NGN8,044.00 XOF
30,000 NGN12,066.00 XOF
40,000 NGN16,088.00 XOF
50,000 NGN20,110.00 XOF
100,000 NGN40,220.00 XOF

*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 Burkina Faso from Nigeria?

Sending money internationally to Burkina Faso from Nigeria can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Nigerian Naira to XOF remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Burkina Faso. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in CFA Franc BCEAO.


How to get the best remit rate for transferring money from Nigeria to Burkina Faso?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Burkina Faso.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Nigeria to Burkina Faso transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your NGN to CFA Franc BCEAO money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


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

Finding the cheapest way to send money from Nigeria to Burkina Faso might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer NGN to XOF via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Nigeria to Burkina Faso exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


Should I use my bank to send money from Nigeria to Burkina Faso?

Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Burkina Faso. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the NGN to XOF exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Nigeria bank for your Burkina Faso money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


What is the fastest way to transfer money from Nigeria to Burkina Faso?

It could be a stressful experience if you need to rush money quickly from Nigeria to Burkina Faso. 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 XOF. 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 CFA Franc BCEAO. 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 Burkina Faso money transfers.


Which are the best money transfer companies to transfer money to Burkina Faso 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 Burkina Faso, 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 CFA Franc BCEAO 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 XOF money transfers to Burkina Faso. 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 Burkina Faso getting more money for every Nigerian Naira you send.


Step by step guide to transfer money to Burkina Faso from Nigeria

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Nigeria to Burkina Faso, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Nigeria to Burkina Faso that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Burkina Faso where they can receive monies in CFA Franc BCEAO.
  • Then, provide details of your Nigeria bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your NGN travel to another part of the globe.