Question 1

What is the best way to send money from UK to Nigeria?

Accepted Answer

Today, Wise delivers the highest amount — ₦18,52,605 for every £1,000 sent, at a rate of 1864.0500 NGN per GBP. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's GBP to NGN exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 GBP = 1864.0500 NGN. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send £1,000 to Nigeria?

Accepted Answer

Costs vary significantly. The best provider (Wise) gives you ₦18,52,605 after fees. The worst (Western Union) only gives you ₦18,32,535. That's a difference of ₦20,070 on a single £1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Wise typically completes in within 1 hr. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Nigeria?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 WiseBest value	GBP 6.14	1864.05	₦18,52,605	Within 1 hr	Send
2 Western Union	GBP 2.99	1838.03	₦18,32,535	Minutes	Send

Send Money from UK to Nigeria — Best GBP/NGN Rates

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