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

Compare today's NGN to EUR (Nigerian Naira to Euro) exchange rates

Nigeria
Italy
NGN
Interbank Exchange Rate: 1 NGN = 0.0006 EUR
Updated about an hour ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
0.60 EUR
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.0006 EUR

📢 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 Euro money transfers

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

Verto currently offers the most competitive rate for sending money to Italy and their 1 NGN to EUR exchange rate today is 0.0006.

Were you looking to send money from Italy to Nigeria instead?

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.

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.


Latest NGN to EUR Conversion Rates

Here are some latest NGN to EUR (Nigerian Naira to Euro) exchange rates for popular conversion amounts*.

1 NGN0.00 EUR
5 NGN0.00 EUR
10 NGN0.01 EUR
25 NGN0.02 EUR
50 NGN0.03 EUR
100 NGN0.06 EUR
150 NGN0.09 EUR
200 NGN0.12 EUR
250 NGN0.15 EUR
300 NGN0.18 EUR
400 NGN0.24 EUR
500 NGN0.30 EUR
600 NGN0.36 EUR
700 NGN0.42 EUR
800 NGN0.48 EUR
1,000 NGN0.60 EUR
1,500 NGN0.90 EUR
2,000 NGN1.20 EUR
2,500 NGN1.50 EUR
3,000 NGN1.80 EUR
4,000 NGN2.40 EUR
5,000 NGN3.00 EUR
10,000 NGN6.00 EUR
15,000 NGN9.00 EUR
20,000 NGN12.00 EUR
30,000 NGN18.00 EUR
40,000 NGN24.00 EUR
50,000 NGN30.00 EUR
100,000 NGN60.00 EUR

*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 Italy money transfers?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Nigeria to Italy. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Nigerian Naira to EUR.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send NGN to EUR in Italy. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Italy from Nigeria. We provide you with maximum choices to send money to Italy by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best rate to transfer money to Italy from Nigeria?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Italy from Nigeria.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your NGN to Euro remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for NGN to EUR remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


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

When you want to send money to Italy from Nigeria, you obviously want the cheapest possible option to maximize the money your recipient gets in Euro. 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 EUR 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 Italy. 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 Italy 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 Euro overseas.


Should I use my bank to transfer money from Nigeria to Italy?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Nigeria to Italy money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like NGN to EUR transfers.

Given this, there are umpteen additional options to send money to Italy instead of just your Nigeria bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Nigerian Naira even more so that your recipient in Italy gets the maximum amount.


How to send money from Nigeria to Italy fast?

If you need to convert NGN to EUR as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Nigeria to Italy could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Nigerian Naira to Euro funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Italy.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Nigeria to Italy. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


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

Nigeria to Italy money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Italy as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Nigerian Naira to Euro money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


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

With so many possible ways to transfer Nigerian Naira to Euro, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Nigeria to Italy remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Nigeria and the receiver in Italy. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your NGN to Euro money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.