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Compare today's NGN to SOS (Nigerian Naira to Somali Shilling) exchange rates

Nigeria
Somalia
NGN

Interbank Exchange Rate: 1 NGN = 0.4105 SOS
Updated about an hour ago

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All you need to know about Nigerian Naira to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Somalia. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Somali Shilling (SOS) 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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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.

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Latest NGN to SOS Conversion Rates

Here are some latest NGN to SOS (Nigerian Naira to Somali Shilling) exchange rates for popular conversion amounts*.

1 NGN0.41 SOS
5 NGN2.05 SOS
10 NGN4.10 SOS
25 NGN10.26 SOS
50 NGN20.53 SOS
100 NGN41.05 SOS
150 NGN61.57 SOS
200 NGN82.10 SOS
250 NGN102.63 SOS
300 NGN123.15 SOS
400 NGN164.20 SOS
500 NGN205.25 SOS
600 NGN246.30 SOS
700 NGN287.35 SOS
800 NGN328.40 SOS
1,000 NGN410.50 SOS
1,500 NGN615.75 SOS
2,000 NGN821.00 SOS
2,500 NGN1,026.25 SOS
3,000 NGN1,231.50 SOS
4,000 NGN1,642.00 SOS
5,000 NGN2,052.50 SOS
10,000 NGN4,105.00 SOS
15,000 NGN6,157.50 SOS
20,000 NGN8,210.00 SOS
30,000 NGN12,315.00 SOS
40,000 NGN16,420.00 SOS
50,000 NGN20,525.00 SOS
100,000 NGN41,050.00 SOS

*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 Somalia?

It can be very confusing when sending money from Nigeria to Somalia given so many choices. Additionally, Nigerian Naira to SOS 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 Somalia 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 Somalia 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 Somali Shilling remittances.


How to get the best exchange rate for sending money from Nigeria to Somalia?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Nigeria to Somalia transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your NGN to Somali Shilling international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Nigerian Naira to Somali Shilling exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way for transferring money to Somalia from Nigeria?

When you want to send money to Somalia from Nigeria, you obviously want the cheapest possible option to maximize the money your recipient gets in Somali Shilling. 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 SOS 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 Somalia. 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 Somalia 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 Somali Shilling overseas.


Should I use my bank to send money from Nigeria to Somalia?

Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Somalia. 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 SOS 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 Somalia 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 do a money transfer to Somalia from Nigeria?

If you need to convert NGN to SOS 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 Somalia 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 Somali Shilling 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 Somalia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Nigeria to Somalia. 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 transfer money to Somalia from Nigeria?

Since the Nigerian Naira to Somali Shilling 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 Somalia. 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 SOS money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Somalia 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 Somalia transaction.


Step by step guide to transfer money to Somalia from Nigeria

There are many important aspects of Nigeria to Somalia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Nigeria bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include SOS bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Nigerian Naira amount you want to send from Nigeria.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Somalia to validate that they get the money once the transaction clears.