Compare today's NGN to ERN (Nigerian Naira to Eritrean Nakfa) exchange rates
Interbank Exchange Rate: 1 NGN = 0.0110 ERN
Updated about an hour ago
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All you need to know about Nigerian Naira to Eritrean Nakfa money transfers
Easily compare money transfer providers in one place to send money from Nigeria to Eritrea. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Eritrean Nakfa (ERN) 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.
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.
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Latest NGN to ERN Conversion Rates
Here are some latest NGN to ERN (Nigerian Naira to Eritrean Nakfa) exchange rates for popular conversion amounts*.
| 1 NGN | 0.01 ERN |
| 5 NGN | 0.05 ERN |
| 10 NGN | 0.11 ERN |
| 25 NGN | 0.27 ERN |
| 50 NGN | 0.55 ERN |
| 100 NGN | 1.10 ERN |
| 150 NGN | 1.65 ERN |
| 200 NGN | 2.20 ERN |
| 250 NGN | 2.75 ERN |
| 300 NGN | 3.30 ERN |
| 400 NGN | 4.40 ERN |
| 500 NGN | 5.50 ERN |
| 600 NGN | 6.60 ERN |
| 700 NGN | 7.70 ERN |
| 800 NGN | 8.80 ERN |
| 1,000 NGN | 11.00 ERN |
| 1,500 NGN | 16.50 ERN |
| 2,000 NGN | 22.00 ERN |
| 2,500 NGN | 27.50 ERN |
| 3,000 NGN | 33.00 ERN |
| 4,000 NGN | 44.00 ERN |
| 5,000 NGN | 55.00 ERN |
| 10,000 NGN | 110.00 ERN |
| 15,000 NGN | 165.00 ERN |
| 20,000 NGN | 220.00 ERN |
| 30,000 NGN | 330.00 ERN |
| 40,000 NGN | 440.00 ERN |
| 50,000 NGN | 550.00 ERN |
| 100,000 NGN | 1,100.00 ERN |
*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 Eritrea money transfers?
Sending money internationally to Eritrea 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 ERN 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 Eritrea. 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 Eritrean Nakfa.
How to get the best rate to transfer money to Eritrea from Nigeria?
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 Eritrean Nakfa 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 Eritrea. 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 ERN remittances. With our daily free rate alert, you will never have to manually search and compare providers again.
What's the cheapest way to send money from Nigeria to Eritrea?
One of the most important things to watch out for is hidden fees when sending money to Eritrea from Nigeria. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Eritrea using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Eritrean Nakfa foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best NGN to Eritrea exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Eritrea from Nigeria.
Should I use my bank to transfer money from Nigeria to Eritrea?
Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Eritrea. 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 ERN 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 Eritrea 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 Eritrea fast?
The speed of your Nigerian Naira to Eritrean Nakfa 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 ERN. 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 Eritrea 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 Eritrea 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 ERN into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Nigeria bank to Eritrea bank transfer.
Which are the best money transfer companies to transfer money to Eritrea from Nigeria?
The first step in selecting the best money transfer operators for Nigeria to Eritrea remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for Nigerian Naira to Eritrean Nakfa money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Eritrea.
Step by step guide to send money to Eritrea from Nigeria
Follow the below easy steps to send money to Eritrea 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 Eritrea).
- 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.