Compare today's NGN to TZS (Nigerian Naira to Tanzanian Shilling) exchange rates
Interbank Exchange Rate: 1 NGN = 1.8759 TZS
Updated about 1 hours ago
Found 1 Remittance Service Providers
1000 NGN =
1 858.50 TZS
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 1.8585 TZS
📢 B2B transfers only
0 Remit Service Providers did not match the search criteria.
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 Tanzanian Shilling money transfers
Easily compare money transfer providers in one place to send money from Nigeria to Tanzania. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Tanzanian Shilling (TZS) 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.
RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Nigeria to Tanzania.
The best rate to send Tanzanian Shilling from Nigerian Naira to your loved ones in Tanzania is currently offered by Verto; their 1 NGN to TZS exchange rate today is 1.8585.
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 Tanzania 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.
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Latest NGN to TZS Conversion Rates
Here are some latest NGN to TZS (Nigerian Naira to Tanzanian Shilling) exchange rates for popular conversion amounts*.
| 1 NGN | 1.88 TZS |
| 5 NGN | 9.38 TZS |
| 10 NGN | 18.76 TZS |
| 25 NGN | 46.90 TZS |
| 50 NGN | 93.80 TZS |
| 100 NGN | 187.59 TZS |
| 150 NGN | 281.39 TZS |
| 200 NGN | 375.18 TZS |
| 250 NGN | 468.97 TZS |
| 300 NGN | 562.77 TZS |
| 400 NGN | 750.36 TZS |
| 500 NGN | 937.95 TZS |
| 600 NGN | 1,125.54 TZS |
| 700 NGN | 1,313.13 TZS |
| 800 NGN | 1,500.72 TZS |
| 1,000 NGN | 1,875.90 TZS |
| 1,500 NGN | 2,813.85 TZS |
| 2,000 NGN | 3,751.80 TZS |
| 2,500 NGN | 4,689.75 TZS |
| 3,000 NGN | 5,627.70 TZS |
| 4,000 NGN | 7,503.60 TZS |
| 5,000 NGN | 9,379.50 TZS |
| 10,000 NGN | 18,759.00 TZS |
| 15,000 NGN | 28,138.50 TZS |
| 20,000 NGN | 37,518.00 TZS |
| 30,000 NGN | 56,277.00 TZS |
| 40,000 NGN | 75,036.00 TZS |
| 50,000 NGN | 93,795.00 TZS |
| 100,000 NGN | 187,590.00 TZS |
*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 Tanzania?
Sending money internationally to Tanzania from Nigeria can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Nigerian Naira to TZS remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Tanzania. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Tanzanian Shilling.
How to get the best remit rate for transferring money from Nigeria to Tanzania?
When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your NGN to Tanzanian Shilling money transfer.Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Nigeria to Tanzania. We carefully select providers to give you the best choices for sending money internationally.
Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for NGN to TZS remittances. With our daily free rate alert, you will never have to manually search and compare providers again.
What's the cheapest way to transfer money from Nigeria to Tanzania?
Finding the cheapest way to send money from Nigeria to Tanzania 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 TZS 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 Tanzania 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.
How to send money from Nigeria to Tanzania through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Tanzania. 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 TZS 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 Tanzania 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.
How to send money to Tanzania from Nigeria fast?
The speed of your Nigerian Naira to Tanzanian Shilling funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert NGN to TZS. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Tanzania from Nigeria is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Tanzania if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout TZS into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Nigeria bank to Tanzania bank transfer.
Which are the best money transfer companies to transfer money to Tanzania from Nigeria?
Comparing money transfer companies for sending money to Tanzania 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 Tanzania. 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 Tanzanian Shilling 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 Tanzanian Shilling yield on every Nigerian Naira that you send.
Step by step guide to transfer money to Tanzania from Nigeria
Follow the below easy steps to send money to Tanzania 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 Tanzania).
- 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.
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.