Compare today's NGN to XOF (Nigerian Naira to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 NGN = 0.4059 XOF
Updated about 1 hours ago
Found 1 Remittance Service Providers
1000 NGN =
398.50 XOF
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.3985 XOF
📢 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 CFA Franc BCEAO money transfers
Easily compare money transfer providers in one place to send money from Nigeria to Equatorial Guinea. 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 Equatorial Guinea.
The best rate to send CFA Franc BCEAO from Nigerian Naira to your loved ones in Equatorial Guinea is currently offered by Verto; their 1 NGN to XOF exchange rate today is 0.3985.
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 Equatorial Guinea 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.
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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 NGN | 0.41 XOF |
| 5 NGN | 2.03 XOF |
| 10 NGN | 4.06 XOF |
| 25 NGN | 10.15 XOF |
| 50 NGN | 20.29 XOF |
| 100 NGN | 40.59 XOF |
| 150 NGN | 60.89 XOF |
| 200 NGN | 81.18 XOF |
| 250 NGN | 101.48 XOF |
| 300 NGN | 121.77 XOF |
| 400 NGN | 162.36 XOF |
| 500 NGN | 202.95 XOF |
| 600 NGN | 243.54 XOF |
| 700 NGN | 284.13 XOF |
| 800 NGN | 324.72 XOF |
| 1,000 NGN | 405.90 XOF |
| 1,500 NGN | 608.85 XOF |
| 2,000 NGN | 811.80 XOF |
| 2,500 NGN | 1,014.75 XOF |
| 3,000 NGN | 1,217.70 XOF |
| 4,000 NGN | 1,623.60 XOF |
| 5,000 NGN | 2,029.50 XOF |
| 10,000 NGN | 4,059.00 XOF |
| 15,000 NGN | 6,088.50 XOF |
| 20,000 NGN | 8,118.00 XOF |
| 30,000 NGN | 12,177.00 XOF |
| 40,000 NGN | 16,236.00 XOF |
| 50,000 NGN | 20,295.00 XOF |
| 100,000 NGN | 40,590.00 XOF |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to do Nigeria to Equatorial Guinea money transfers?
Sending money internationally to Equatorial Guinea 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 Equatorial Guinea. 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 exchange rate for your money transfers from Nigeria to Equatorial Guinea?
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 Equatorial Guinea 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 CFA Franc BCEAO 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 CFA Franc BCEAO 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 Equatorial Guinea from Nigeria?
The final amount your recipient gets when you send NGN to XOF is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.Before the dawn of the modern internet era, traditional methods to send money from Nigeria to Equatorial Guinea used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.
A great way to find the cheapest options to send CFA Franc BCEAO is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Nigerian Naira to Equatorial Guinea exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.
Should I use my bank to transfer money from Nigeria to Equatorial Guinea?
Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Equatorial Guinea. 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 Equatorial Guinea 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.
How to send money from Nigeria to Equatorial Guinea fast?
The speed of your Nigerian Naira to CFA Franc BCEAO funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert NGN to XOF. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Equatorial Guinea from Nigeria is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Equatorial Guinea if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout XOF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Nigeria bank to Equatorial Guinea bank transfer.
Which are the best money transfer companies to transfer money from Nigeria to Equatorial Guinea?
Comparing money transfer companies for sending money to Equatorial Guinea from Nigeria can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Equatorial Guinea. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Nigerian Naira to CFA Franc BCEAO transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?
Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the CFA Franc BCEAO yield on every Nigerian Naira that you send.
Step by step guide to send money to Equatorial Guinea from Nigeria
Follow the below easy steps to send money to Equatorial Guinea from Nigeria.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Nigeria bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Equatorial Guinea).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.