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Compare today's NGN to XOF (Nigerian Naira to CFA Franc BCEAO) exchange rates

Nigeria
Senegal
NGN

Interbank Exchange Rate: 1 NGN = 0.4059 XOF
Updated about 1 hours ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
398.50 XOF
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.3985 XOF

📢 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 CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Senegal. 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.

When making a money transfer to Senegal from Nigeria, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Senegal and 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 Senegal 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 XOF Conversion Rates

Here are some latest NGN to XOF (Nigerian Naira to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 NGN0.41 XOF
5 NGN2.03 XOF
10 NGN4.06 XOF
25 NGN10.15 XOF
50 NGN20.29 XOF
100 NGN40.59 XOF
150 NGN60.89 XOF
200 NGN81.18 XOF
250 NGN101.48 XOF
300 NGN121.77 XOF
400 NGN162.36 XOF
500 NGN202.95 XOF
600 NGN243.54 XOF
700 NGN284.13 XOF
800 NGN324.72 XOF
1,000 NGN405.90 XOF
1,500 NGN608.85 XOF
2,000 NGN811.80 XOF
2,500 NGN1,014.75 XOF
3,000 NGN1,217.70 XOF
4,000 NGN1,623.60 XOF
5,000 NGN2,029.50 XOF
10,000 NGN4,059.00 XOF
15,000 NGN6,088.50 XOF
20,000 NGN8,118.00 XOF
30,000 NGN12,177.00 XOF
40,000 NGN16,236.00 XOF
50,000 NGN20,295.00 XOF
100,000 NGN40,590.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Senegal from Nigeria?

There are many good choices when it comes to sending money from Nigeria to Senegal. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Nigerian Naira to XOF money transfers.

We compare different remittance companies to bring you the best options to send money to Senegal from Nigeria. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Nigerian Naira to CFA Franc BCEAO money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Senegal 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 Senegal from Nigeria.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your NGN to CFA Franc BCEAO 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 XOF 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 to Senegal from Nigeria?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Nigeria to Senegal via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Nigerian Naira to CFA Franc BCEAO remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Nigeria to Senegal exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for NGN to XOF remittances.


How to send money from Nigeria to Senegal through a bank?

Big banks in Nigeria are known to make a lot of money by charging high fees on Senegal money transfers from Nigeria. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a NGN to XOF exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Senegal. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Nigeria to Senegal. You work hard for your money, so you should also ensure you get the maximum yield when you send XOF overseas.


What is the fastest way to transfer money from Nigeria to Senegal?

The first thing to do when you need to convert NGN to XOF 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 CFA Franc BCEAO. 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 Senegal 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 Senegal.


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

Since the Nigerian Naira to CFA Franc BCEAO money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Nigeria that may also be able to send money to Senegal. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your NGN to XOF money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Senegal gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Nigeria to Senegal transaction.


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

With so many possible ways to transfer Nigerian Naira to CFA Franc BCEAO, 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 Senegal 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 Senegal. 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 CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.