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

Compare today's NGN to MAD (Nigerian Naira to Moroccan Dirham) exchange rates

Nigeria
Morocco
NGN

Interbank Exchange Rate: 1 NGN = 0.0068 MAD
Updated about an hour ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
6.70 MAD
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.0067 MAD

📢 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 Moroccan Dirham money transfers

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

Verto currently offers the most competitive rate for sending money to Morocco and their 1 NGN to MAD exchange rate today is 0.0067.

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 Morocco 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 MAD Conversion Rates

Here are some latest NGN to MAD (Nigerian Naira to Moroccan Dirham) exchange rates for popular conversion amounts*.

1 NGN0.01 MAD
5 NGN0.03 MAD
10 NGN0.07 MAD
25 NGN0.17 MAD
50 NGN0.34 MAD
100 NGN0.68 MAD
150 NGN1.02 MAD
200 NGN1.36 MAD
250 NGN1.70 MAD
300 NGN2.04 MAD
400 NGN2.72 MAD
500 NGN3.40 MAD
600 NGN4.08 MAD
700 NGN4.76 MAD
800 NGN5.44 MAD
1,000 NGN6.80 MAD
1,500 NGN10.20 MAD
2,000 NGN13.60 MAD
2,500 NGN17.00 MAD
3,000 NGN20.40 MAD
4,000 NGN27.20 MAD
5,000 NGN34.00 MAD
10,000 NGN68.00 MAD
15,000 NGN102.00 MAD
20,000 NGN136.00 MAD
30,000 NGN204.00 MAD
40,000 NGN272.00 MAD
50,000 NGN340.00 MAD
100,000 NGN680.00 MAD

*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 Morocco money transfers?

With the global remittance market booming, there are so many choices for Nigerian Naira to MAD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Morocco from Nigeria. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final MAD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


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

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Morocco 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 Moroccan Dirham 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 Morocco corridor to give you more good choices for your next MAD money transfer. This way you do not miss out on additional options to potentially save more.


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

Finding the cheapest way to send money from Nigeria to Morocco might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer NGN to MAD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Nigeria to Morocco exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


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

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 MAD 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 Morocco 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 Morocco 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 Morocco. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money from Nigeria to Morocco fast?

The first thing to do when you need to convert NGN to MAD 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 Moroccan Dirham. 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 Morocco 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 Morocco.


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

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Nigeria to Morocco, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Nigerian Naira to Moroccan Dirham exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your MAD money transfers to Morocco. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Morocco getting more money for every Nigerian Naira you send.


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

Follow the below easy steps to send money to Morocco 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 Morocco).
  • 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.

The provider will then work on your NGN to MAD remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your 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.