📈 Nigeria to Togo Money Transfer Snapshot Today
- Best NGN to XOF exchange rate today: XOF 0.4101, offered by Verto
- Number of money transfer providers compared: 1
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real NGN to XOF exchange rate before providers add their margin or fees. exchange rate: 1 NGN = XOF 0.4140 (Updated about an hour ago)
See detailed Nigeria to Togo money transfer comparison below.
Nigeria to Togo money transfer providers that matched the search criteria
📢 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.
💡What these rates mean for sending money to Togo from Nigeria today
Compare top-rated money transfer providers to find the best way to remit money to Togo from Nigeria. Check today's NGN to XOF exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 1 provider for Nigeria to Togo money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Togo from Nigeria
🥇 Verto with 1 NGN = 0.4101 XOF (best NGN to XOF exchange rate today).
Nigerian Naira to CFA Franc BCEAO exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much XOF your recipient receives in Togo.
Compare the providers above to maximize every NGN you send to Togo. The best Nigerian Naira to CFA Franc BCEAO transfer rate changes daily, so comparing today matters.
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.
👇 There is more to a great transfer than today's NGN to XOF exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Togo from Nigeria.
Whilst Nigerian Naira to CFA Franc BCEAO exchange rate is crucial, historical data shows that transfer fees, NGN amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of Nigeria to Togo remittance data to show you exactly where costs arise, and the best practices that maximize your XOF payout on every transfer.
Cost insights to remit money from Nigeria to Togo (data-backed)
When you send money internationally from Nigeria to Togo, the following 4 key factors determine how much your recipient actually receives:
- NGN to XOF exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Togo the maximum XOF payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from Nigeria to Togo urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for NGN to XOF money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 42 actual Nigeria to Togo money transfers handled by 3 providers over the last 5 years (for a NGN 40000 remittance benchmark).
This analysis of real Nigerian Naira to CFA Franc BCEAO transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Nigerian Naira you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from Nigeria to Togo
- Average total cost: 15.45% (range 2.10% to 37.50%, spread 35.40 percentage points)
- Potential payout difference: On a NGN 40000 transfer, the above variation can save you up to NGN 14,160.00.
- Average FX markup: 1.84% (range -2.61%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 24.28%, spread 26.89 percentage points) - Average transfer fee: NGN 5,442.49 (range NGN 840.00 to NGN 15,000.00)
- Cheapest payment/delivery method combo: Cash → Bank Deposit (3.15% avg cost); most expensive is Bank Account Transfer → Cash Pickup (16.95%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 13.80% (NGN 5,519.00 on NGN 40000 transfer).
- Market coverage: ~3 providers on average (competition level: limited)
- Average speed: About less than 1 hour
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Togo from Nigeria.
📈 NGN to XOF Exchange Rate: The biggest factor when you send Nigerian Naira to CFA Franc BCEAO
The exchange rate on your Nigeria to Togo money transfer is the single biggest factor determining your overall NGN cost — and how many CFA Franc BCEAO your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on Nigerian Naira to Togo transfers:
- Average markup: 1.84%
- Median markup: 0.28%
- Lowest markup: -2.61%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 24.28%
That is a spread of 26.89 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a NGN 40000 transfer, that spread is XOF 10,756.00 in differences purely from the exchange rate. On a NGN 100000 transfer, that gap grows to XOF 26,890.00.
🛠️ How to use this insight: When comparing providers for Nigeria to Togo remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
The NGN to XOF exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from Nigeria to Togo
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Nigerian Naira actually reaches your recipient in Togo.
Based on 5 years of pricing data, here is what we see on Nigerian Naira to Togo money transfer fees:
- Average fee: NGN 5,442.49
- Median fee: NGN 4,085.00
- Lowest fee: NGN 840.00
- Highest fee: NGN 15,000.00
The average fee of NGN 5,442.49 represents 13.61% of a NGN 40000 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to NGN 14,160.00.
🛠️ How to use this insight: For your next money transfer from Nigeria to CFA Franc BCEAO, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower NGN to XOF exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a NGN 200 transfer, a NGN 5 fee is 2.5% of your total amount. On a NGN 2,000 transfer, that same fee is just 0.25%. If you send smaller Nigerian Naira to CFA Franc BCEAO transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your NGN to XOF transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Togo from Nigeria
Based on our analysis of historical Nigeria to Togo remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when Nigerian Naira to CFA Franc BCEAO exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Togo from Nigeria:
- Cash: 15.45%
- Bank Account Transfer: 16.95%
That is a spread of 1.50 percentage points.
👉 On a NGN 40000 transfer, this means you could save up to NGN 600.80 simply by choosing a lower-cost payment method.
These savings increase further for larger NGN transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from Nigeria to Togo:
- Bank Deposit: 3.15%
- Cash Pickup: 16.39%
This is a difference of 13.24 percentage points.
👉 On a NGN 40000 transfer, you could save up to NGN 5,296.52 by choosing Bank Deposit instead of Cash Pickup.
Different combinations of payment methods in Nigeria and delivery methods in Togo can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for Nigeria to XOF money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Cash | Bank Deposit | 3.15 |
| Cash | Cash Pickup | 16.39 |
| Bank Account Transfer | Cash Pickup | 16.95 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these NGN to XOF payment and delivery options is significant.
- Lowest cost: Cash → Bank Deposit (3.15%)
- Highest cost: Bank Account Transfer → Cash Pickup (16.95%)
- Difference: 13.80 percentage points
👉 On a NGN 40000 transfer, you could save up to NGN 6,779.00
👉 On a NGN 100000 transfer, savings increase to NGN 16,947.50
Here is a quick summary of the average historical cost of various payment and delivery methods for NGN to Togo money transfers.
💸 Cheapest Payment & Delivery Methods to send NGN to XOF transfers (data-backed)
- Cheapest payment method: Cash (15.45%) vs Bank Account Transfer (16.95%)
- Cheapest delivery method: Bank Deposit (3.15%) vs Cash Pickup (16.39%)
- Cheapest combination: Cash → Bank Deposit (3.15%) vs Bank Account Transfer → Cash Pickup (16.95%)
🛠️ How to use this insight: As you compare money transfer providers for your next Nigeria to Togo international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Nigeria to Togo remittances by carefully choosing the cheapest payment and delivery methods.
🏦 Are banks more expensive than money transfer services for Nigeria to Togo money transfers?
When we compared Nigeria banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
Interestingly, for Nigeria to Togo remittances, traditional banks are 13.24 percentage points cheaper on average than money transfer providers.
This means money transfer companies tend to be approximately 0.19x more expensive than banks on average.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | NGN 1,260.00 | NGN 5,764.22 | NGN -4,504.22 |
| Exchange rate markup | 0.00% | 1.98% | -1.98 pp* |
| Average total cost (%) | 3.15% | 16.39% | -13.24 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Historical data shows that banks in Nigeria can be competitive. However, pricing still varies by provider, transfer amount, and method — so comparing options can still be beneficial.
📊 Does sending more money reduce the cost to remit money from Nigeria to Togo?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending NGN 40000 vs NGN 100000 from Nigeria to Togo.
We found that sending a higher amount (NGN 100000) is typically cheaper — average cost drops from 15.45% to 10.01%, a reduction of 5.44 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Nigerian Naira amounts to Togo, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the market for sending money to Togo from Nigeria?
Based on data from the last 5 years, Nigerian Naira to CFA Franc BCEAO money transfers are provided on an average by 3 remittance companies. With this number of providers, we consider the level of market competition to be limited.
Traditional banks account for only 33.3% of active providers (1 out of 3), whilst money transfer services make up the majority. This means you have more options beyond banks when you transfer NGN to Togo.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Nigeria to Togo remittances.
This is why comparing providers is especially important when you transfer money from Nigeria to Togo.
⏱️ How fast can you transfer Nigerian Naira to CFA Franc BCEAO?
If your recipient in Togo needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for Nigeria to Togo transfers:
- Average transfer time: About less than 1 hour.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About less than 1 hour.
- Average speed at NGN 40000: About less than 1 hour.
- Average speed at NGN 100000: About less than 1 hour.
Banks vs money transfer providers speed comparison: Banks and money transfer providers have broadly similar delivery speeds.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer NGN to Togo.
🛠️ How to use this insight: If you need to send money from Nigeria to Togo in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Togo.
Transfer speed for Nigeria to Togo money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Togo from Nigeria
These FAQs use data from RemitFinder's historical analysis of Nigeria to Togo money transfers over several years.
What factors affect the total cost of sending money from Nigeria to Togo?
The total cost of your Nigerian Naira to CFA Franc BCEAO money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to Togo from Nigeria?
Historical Nigerian Naira to CFA Franc BCEAO exchange rate markup ranges from -2.61% to 24.28%, a spread of 26.89 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send Nigerian Naira to Togo?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative NGN to XOF remittance rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Exchange Rate vs Transfer Fee: What matters more when you send money to Togo from Nigeria?
Exchange rate markup ranges from -2.61% to 24.28% (a spread of 26.89 percentage points).
Transfer fees range from NGN 840.00 to NGN 15000.00, which equals roughly 35.40% on a NGN 40000.00 transfer.
At NGN 40000.00, the larger driver of overall cost is the transfer fee, whilst at NGN 100000.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Nigeria to Togo money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger NGN amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most XOF for your NGN.
How much can costs vary between providers when sending money from Nigeria to Togo?
Historical transfer cost ranges from 2.10% to 37.50% for NGN transfers to Togo. That is a spread of 35.40 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -2.61% to 24.28% (a spread of 26.89 percentage points). Thus, even small differences in FX margin can have a big impact on the final XOF payout.
Why do Money Transfer Providers charge different rates for Nigerian Naira to CFA Franc BCEAO money transfers?
If you send the same Nigerian Naira amount to Togo via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final XOF payout in Togo in a big way.
How stable are the costs to remit money to Togo from Nigeria?
When we analyzed the historical total cost for NGN to XOF transfers, we observed a range from 2.10% to 37.50% (35.40 percentage points difference), along with a variability (standard deviation) of 8.11%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.61% to 24.28% (26.89 percentage points difference), with a standard deviation of 5.00%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your Nigerian Naira to CFA Franc BCEAO transfers.
Which Payment Method is the cheapest to send money from Nigeria to Togo?
Cash is the cheapest payment method in Nigeria based on its average cost at 15.45% (compared to Bank Account Transfer at 16.95%, a difference of 1.50 percentage points).
Based on this, we recommend paying for your NGN transfer with Cash, and avoiding Bank Account Transfer if possible.
Which Delivery Method is cheapest when you remit money to Togo from Nigeria?
Bank Deposit is the cheapest delivery method in Togo as it costs 3.15% (compared to Cash Pickup at 16.39%, a spread of 13.24 percentage points).
If your recipient in Togo can accept Bank Deposit, we recommend choosing it as your preferred delivery option for Nigerian Naira to CFA Franc BCEAO transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to Togo from Nigeria?
Bank Deposit is cheaper for Nigerian Naira transfers to Togo given its 3.15% average cost (versus 16.39% for Cash Pickup, a difference of 13.24 percentage points).
To save more, consider choosing the cheapest delivery option for Togo.
What is the cheapest way to send money from Nigeria to Togo?
We evaluated 3 payment and delivery method combinations for Nigeria to Togo remittances.
Based on historical data, Cash → Bank Deposit is the cheapest combination with 3.15% cost.
At the other end of the spectrum, Bank Account Transfer → Cash Pickup is the most expensive combination at 16.95% cost. That is a difference of 13.80 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for Nigeria to Togo remittances differently. As you compare options, look for the cheapest combination to maximize the value of your NGN to XOF transfers.
Does sending more money reduce the cost to transfer money to Togo from Nigeria?
Larger Nigerian Naira to CFA Franc BCEAO transfers are cheaper on average.
The cost of a NGN 40000 transfer averages 15.45% as compared to 10.01% for a NGN 100000 transfer, a difference of 5.44 percentage points.
How long does it take to send NGN to XOF money transfers?
Based on our analysis, the average transfer time for Nigerian Naira to CFA Franc BCEAO transfers is less than one hour, with the fastest transfers completing in less than one hour and the slowest in less than one hour.
Can you instantly transfer money from Nigeria to Togo?
Yes, historical data shows that some transfers to Togo from Nigeria can complete in less than one hour.
Note that the actual speed of your NGN to XOF transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Nigeria to Togo remittances?
Banks in Nigeria are competitive and can be cheaper than money transfer providers.
The average cost of banks is 3.15% compared to 16.39% for money transfer providers in Nigeria, a difference of -13.24 percentage points.
How competitive is the market for sending money from Nigeria to Togo?
Based on historical data, the competition level in Nigeria to Togo is considered limited with 3 active providers.
Money transfer providers represent about 66.7% of identified providers in Nigeria.
Can you overpay if you do not compare providers before transferring money to Togo from Nigeria?
Historically, total NGN to XOF transfer cost has varied by 35.40 percentage points. On a NGN 40000 transfer, that can translate to NGN 14160.00 in savings.
Nigerian Naira to CFA Franc BCEAO exchange rate markup also varies across providers. The average markup spread has been about 26.89 percentage points. On a NGN 40000 transfer, that could be NGN 10756.00 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about NGN 14160.00 across providers.
That is why comparing providers can materially change how much of the NGN you send your recipient receives in Togo.
Latest Exchange Rates for Sending Money to Togo from Nigeria
Here are some latest NGN to XOF (Nigerian Naira to CFA Franc BCEAO) exchange rates for popular conversion amounts*.
| 1 NGN | 0.41 XOF |
| 5 NGN | 2.07 XOF |
| 10 NGN | 4.14 XOF |
| 25 NGN | 10.35 XOF |
| 50 NGN | 20.70 XOF |
| 100 NGN | 41.40 XOF |
| 150 NGN | 62.10 XOF |
| 200 NGN | 82.80 XOF |
| 250 NGN | 103.50 XOF |
| 300 NGN | 124.20 XOF |
| 400 NGN | 165.60 XOF |
| 500 NGN | 207.00 XOF |
| 600 NGN | 248.40 XOF |
| 700 NGN | 289.80 XOF |
| 800 NGN | 331.20 XOF |
| 1000 NGN | 414.00 XOF |
| 1500 NGN | 621.00 XOF |
| 2000 NGN | 828.00 XOF |
| 2500 NGN | 1,035.00 XOF |
| 3000 NGN | 1,242.00 XOF |
| 4000 NGN | 1,656.00 XOF |
| 5000 NGN | 2,070.00 XOF |
| 10000 NGN | 4,140.00 XOF |
| 15000 NGN | 6,210.00 XOF |
| 20000 NGN | 8,280.00 XOF |
| 30000 NGN | 12,420.00 XOF |
| 40000 NGN | 16,560.00 XOF |
| 50000 NGN | 20,700.00 XOF |
| 100000 NGN | 41,400.00 XOF |
*Based on the Mid-market Exchange Rate
1 Based on 42 pricing observations across 3 firms over the last 5 years for a NGN 40000 money transfer from Nigeria to Togo. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Nigeria to Togo remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.