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Compare today's NGN to ETB (Nigerian Naira to Ethiopian Birr) exchange rates

Nigeria
Ethiopia
NGN

Interbank Exchange Rate: 1 NGN = 0.1116 ETB
Updated about an hour ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
110.90 ETB
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.1109 ETB

📢 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 Ethiopian Birr money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Ethiopia. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Ethiopian Birr (ETB) 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 Ethiopia from Nigeria, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Ethiopia and their 1 NGN to ETB exchange rate today is 0.1109.

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 Ethiopia 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 ETB Conversion Rates

Here are some latest NGN to ETB (Nigerian Naira to Ethiopian Birr) exchange rates for popular conversion amounts*.

1 NGN0.11 ETB
5 NGN0.56 ETB
10 NGN1.12 ETB
25 NGN2.79 ETB
50 NGN5.58 ETB
100 NGN11.16 ETB
150 NGN16.74 ETB
200 NGN22.32 ETB
250 NGN27.90 ETB
300 NGN33.48 ETB
400 NGN44.64 ETB
500 NGN55.80 ETB
600 NGN66.96 ETB
700 NGN78.12 ETB
800 NGN89.28 ETB
1,000 NGN111.60 ETB
1,500 NGN167.40 ETB
2,000 NGN223.20 ETB
2,500 NGN279.00 ETB
3,000 NGN334.80 ETB
4,000 NGN446.40 ETB
5,000 NGN558.00 ETB
10,000 NGN1,116.00 ETB
15,000 NGN1,674.00 ETB
20,000 NGN2,232.00 ETB
30,000 NGN3,348.00 ETB
40,000 NGN4,464.00 ETB
50,000 NGN5,580.00 ETB
100,000 NGN11,160.00 ETB

*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 Ethiopia?

It can be very confusing when sending money from Nigeria to Ethiopia given so many choices. Additionally, Nigerian Naira to ETB exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Nigeria to Ethiopia as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Ethiopia from Nigeria. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Nigerian Naira to Ethiopian Birr remittances.


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

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Ethiopia from Nigeria. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your NGN to Ethiopian Birr money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Nigeria to Ethiopia corridor to give you more good choices for your next ETB money transfer. This way you do not miss out on additional options to potentially save more.


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

The final amount your recipient gets when you send NGN to ETB 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 Ethiopia 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 Ethiopian Birr 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 Ethiopia 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 send money from Nigeria to Ethiopia?

Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Ethiopia. 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 ETB 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 Ethiopia 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 Ethiopia?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Nigeria to Ethiopia. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert NGN to ETB fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Nigerian Naira amount reaching Ethiopia. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Ethiopian Birr quickly to Ethiopia, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


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

Comparing money transfer companies for sending money to Ethiopia 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 Ethiopia. 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 Ethiopian Birr 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 Ethiopian Birr yield on every Nigerian Naira that you send.


Step by step guide to do a money transfer from Nigeria to Ethiopia

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 Ethiopia, 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 Ethiopia 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 Ethiopia where they can receive monies in Ethiopian Birr.
  • 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.