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

Compare today's NGN to CNY (Nigerian Naira to Chinese Yuan) exchange rates

Nigeria
China
NGN

Interbank Exchange Rate: 1 NGN = 0.0051 CNY
Updated about an hour ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
5.10 CNY
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.0051 CNY

📢 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 Chinese Yuan money transfers

Easily compare money transfer providers in one place to send money from Nigeria to China. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Chinese Yuan (CNY) 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 China.

The best rate to send Chinese Yuan from Nigerian Naira to your loved ones in China is currently offered by Verto; their 1 NGN to CNY exchange rate today is 0.0051.

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 China 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 CNY Conversion Rates

Here are some latest NGN to CNY (Nigerian Naira to Chinese Yuan) exchange rates for popular conversion amounts*.

1 NGN0.01 CNY
5 NGN0.03 CNY
10 NGN0.05 CNY
25 NGN0.13 CNY
50 NGN0.26 CNY
100 NGN0.51 CNY
150 NGN0.77 CNY
200 NGN1.02 CNY
250 NGN1.28 CNY
300 NGN1.53 CNY
400 NGN2.04 CNY
500 NGN2.55 CNY
600 NGN3.06 CNY
700 NGN3.57 CNY
800 NGN4.08 CNY
1,000 NGN5.10 CNY
1,500 NGN7.65 CNY
2,000 NGN10.20 CNY
2,500 NGN12.75 CNY
3,000 NGN15.30 CNY
4,000 NGN20.40 CNY
5,000 NGN25.50 CNY
10,000 NGN51.00 CNY
15,000 NGN76.50 CNY
20,000 NGN102.00 CNY
30,000 NGN153.00 CNY
40,000 NGN204.00 CNY
50,000 NGN255.00 CNY
100,000 NGN510.00 CNY

*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 China?

There are many good choices when it comes to sending money from Nigeria to China. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Nigerian Naira to CNY money transfers.

We compare different remittance companies to bring you the best options to send money to China from Nigeria. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Nigerian Naira to Chinese Yuan money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to China from 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 Nigeria to China 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 Chinese Yuan 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 Chinese Yuan 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 to China from Nigeria?

When you want to send money to China from Nigeria, you obviously want the cheapest possible option to maximize the money your recipient gets in Chinese Yuan. 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 CNY 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 China. 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 China 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 Chinese Yuan overseas.


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

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low NGN to CNY exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Nigeria to China money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to China from Nigeria. They do this by letting you fund your transaction through your local bank account in Nigeria, and by allowing you to choose the payout to be your recipient's bank account in China. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to China from Nigeria?

The first thing to do when you need to convert NGN to CNY quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Nigerian Naira and Chinese Yuan. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Nigeria to China remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to China.


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

Since the Nigerian Naira to Chinese Yuan money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Nigeria that may also be able to send money to China. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your NGN to CNY money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in China gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Nigeria to China transaction.


Step by step guide to send money to China from Nigeria

The first step to send money to China 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 CNY 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 China 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 China!

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 China.