Remitting from Italy to Nigeria

The following table shows how much it costs to remit money from Italy To Nigeria. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

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Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in EUR | USD

140350

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Banca Monte dei Paschi di Siena*	Bank	0.00	*0.00	*0.00	*0.00	3-5 days	Nationwide	Aug 08, 2009
Coinstar	MTO	9.00	-1.04	5.38	7.53	Less than one hour	Nationwide	Aug 08, 2009
Ria*	MTO	10.00	*0.00	*7.14	*10.00	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram	MTO	10.00	2.47	9.62	13.47	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	10.00	2.47	9.62	13.47	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	10.50	5.26	12.76	17.86	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	18.50	*0.00	*13.21	*18.49	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	21.00	*0.00	*15.00	*21.00	3-5 days	Nationwide	Aug 08, 2009
Bank Average		13.17	0.00	9.40	13.16
MTO Average		9.88	1.67	8.73	12.22
MTO/Post office Average		10.00	2.47	9.62	13.47
Total Average		11.12	1.14	9.09	12.73
Total Average in First Quarter 2009		10.12	0.05	7.55	10.57

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Banca Monte dei Paschi di Siena*	Bank	5.50	*0.00	*1.57	*5.50	3-5 days	Nationwide	Aug 08, 2009
Coinstar	MTO	11.00	-1.04	2.10	7.35	Less than one hour	Nationwide	Aug 08, 2009
Ria*	MTO	17.00	*0.00	*4.86	*17.01	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	18.50	*0.00	*5.29	*18.52	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	21.00	*0.00	*6.00	*21.00	3-5 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	13.00	2.47	6.19	21.66	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	13.00	2.47	6.19	21.66	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	14.50	5.26	9.40	32.90	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		15.00	0.00	4.29	15.02
MTO Average		13.88	1.67	5.64	19.74
MTO/Post office Average		13.00	2.47	6.19	21.66
Total Average		14.19	1.14	5.20	18.20
Total Average in First Quarter 2009		12.38	0.05	3.80	13.30

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Banca Monte dei Paschi di Siena*	Bank	0.00	*0.00	*0.00	*0.00	3-5 days	Nationwide	Aug 08, 2009
Coinstar	MTO	12.86	-1.04	5.38	10.76	Less than one hour	Nationwide	Aug 08, 2009
Ria*	MTO	14.29	*0.00	*7.14	*14.28	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram	MTO	14.29	2.47	9.62	19.24	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	14.29	2.47	9.62	19.24	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	15.00	5.26	12.76	25.52	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	26.43	*0.00	*13.21	*26.42	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	30.00	*0.00	*15.00	*30.00	3-5 days	Nationwide	Aug 08, 2009
Bank Average		18.81	0.00	9.40	18.80
MTO Average		14.11	1.67	8.73	17.46
MTO/Post office Average		14.29	2.47	9.62	19.24
Total Average		15.89	1.14	9.09	18.18
Total Average in First Quarter 2009		15.00	0.05	7.55	15.10

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Banca Monte dei Paschi di Siena*	Bank	7.86	*0.00	*1.57	*7.85	3-5 days	Nationwide	Aug 08, 2009
Coinstar	MTO	15.71	-1.04	2.10	10.50	Less than one hour	Nationwide	Aug 08, 2009
Ria*	MTO	24.29	*0.00	*4.86	*24.30	Less than one hour	Nationwide	Aug 08, 2009
Unicredit Banca*	Bank	26.43	*0.00	*5.29	*26.45	3-5 days	Nationwide	Aug 08, 2009
Banca Monte dei Paschi di Siena*	Bank	30.00	*0.00	*6.00	*30.00	3-5 days	Nationwide	Aug 08, 2009
MoneyGram	MTO	18.57	2.47	6.19	30.95	Less than one hour	Nationwide	Aug 08, 2009
MoneyGram via Poste Italiane	MTO/Post office	18.57	2.47	6.19	30.95	Less than one hour	Nationwide	Aug 08, 2009
Western Union	MTO	20.71	5.26	9.40	47.00	Less than one hour	Nationwide	Aug 08, 2009
Bank Average		21.43	0.00	4.29	21.45
MTO Average		19.82	1.67	5.64	28.20
MTO/Post office Average		18.57	2.47	6.19	30.95
Total Average		20.27	1.14	5.20	26.00
Total Average in First Quarter 2009		18.75	0.05	3.80	19.00

Corridor note

* indicates that the RSP is not transparent and did not provide all the relevant information. Roll-over firm name for more info.

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Coinstar	MTO	9.00	-1.15	5.52	7.45	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram	MTO	10.00	0.45	7.85	10.60	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram via Poste Italiane	MTO/Post office	10.00	0.45	7.85	10.60	Less than one hour	Nationwide	Feb 17, 2009
Western Union	MTO	11.50	0.45	8.97	12.11	Less than one hour	Nationwide	Feb 17, 2009
MTO Average		10.17	-0.08	7.45	10.06
MTO/Post office Average		10.00	0.45	7.85	10.60
Total Average		10.12	0.05	7.55	10.19
Total Average in 2008		9.83	2.85	10.14	13.69

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Coinstar	MTO	9.00	-1.15	1.58	5.21	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram	MTO	13.00	0.45	4.39	14.49	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram via Poste Italiane	MTO/Post office	13.00	0.45	4.39	14.49	Less than one hour	Nationwide	Feb 17, 2009
Western Union	MTO	14.50	0.45	4.84	15.97	Less than one hour	Nationwide	Feb 17, 2009
MTO Average		12.17	-0.08	3.60	11.88
MTO/Post office Average		13.00	0.45	4.39	14.49
Total Average		12.38	0.05	3.80	12.54
Total Average in 2008		14.03	2.85	7.11	23.46

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Coinstar	MTO	13.33	-1.15	5.52	11.04	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram	MTO	14.81	0.45	7.85	15.70	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram via Poste Italiane	MTO/Post office	14.81	0.45	7.85	15.70	Less than one hour	Nationwide	Feb 17, 2009
Western Union	MTO	17.04	0.45	8.97	17.94	Less than one hour	Nationwide	Feb 17, 2009
MTO Average		15.06	-0.08	7.45	14.90
MTO/Post office Average		14.81	0.45	7.85	15.70
Total Average		15.00	0.05	7.55	15.10
Total Average in 2008		14.57	2.85	10.14	20.28

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Coinstar	MTO	13.64	-1.15	1.58	7.90	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram	MTO	19.70	0.45	4.39	21.95	Less than one hour	Nationwide	Feb 17, 2009
MoneyGram via Poste Italiane	MTO/Post office	19.70	0.45	4.39	21.95	Less than one hour	Nationwide	Feb 17, 2009
Western Union	MTO	21.97	0.45	4.84	24.20	Less than one hour	Nationwide	Feb 17, 2009
MTO Average		18.43	-0.08	3.60	18.00
MTO/Post office Average		19.70	0.45	4.39	21.95
Total Average		18.75	0.05	3.80	19.00
Total Average in 2008		21.26	2.85	7.11	35.55

135330

				Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	5.16	2.31	6.13	8.28	3-4 days	-	May 29, 2008
Coinstar	MTO	9.00	1.61	8.27	11.16	24 hours	-	May 29, 2008
MoneyGram	MTO	10.00	2.31	9.72	13.12	Instant	-	May 29, 2008
MoneyGram via Poste Italiane	MTO/Post office	13.50	2.31	12.31	16.62	Instant	-	May 29, 2008
Western Union	MTO	11.50	5.73	14.25	19.24	Instant	-	May 29, 2008
Bank/Post office Average		5.16	2.31	6.13	8.28
MTO Average		10.17	3.22	10.75	14.51
MTO/Post office Average		13.50	2.31	12.31	16.62
Total Average		9.83	2.85	10.14	13.69
First Quarter 2009		10.12	0.05	7.55	10.19

	Total cost
Firm name	Firm type	Fee (EUR)	Exchange rate margin (%)	Percent (%)	EUR	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	5.16	2.31	3.88	12.80	3-4 days	-	May 29, 2008
Coinstar	MTO	15.00	1.61	6.15	20.30	24 hours	-	May 29, 2008
MoneyGram	MTO	13.00	2.31	6.25	20.62	Instant	-	May 29, 2008
MoneyGram via Poste Italiane	MTO/Post office	22.50	2.31	9.13	30.13	Instant	-	May 29, 2008
Western Union	MTO	14.50	5.73	10.12	33.40	Instant	-	May 29, 2008
Bank/Post office Average		5.16	2.31	3.88	12.80
MTO Average		14.17	3.22	7.51	24.78
MTO/Post office Average		22.50	2.31	9.13	30.13
Total Average		14.03	2.85	7.11	23.46
First Quarter 2009		12.38	0.05	3.80	12.54

Corridor note

Banks are able to send money internationally for their account holders only.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	7.64	2.31	6.13	12.26	3-4 days	-	May 29, 2008
Coinstar	MTO	13.33	1.61	8.27	16.54	24 hours	-	May 29, 2008
MoneyGram	MTO	14.81	2.31	9.72	19.44	Instant	-	May 29, 2008
MoneyGram via Poste Italiane	MTO/Post office	20.00	2.31	12.31	24.62	Instant	-	May 29, 2008
Western Union	MTO	17.04	5.73	14.25	28.50	Instant	-	May 29, 2008
Bank/Post office Average		7.64	2.31	6.13	12.26
MTO Average		15.06	3.22	10.75	21.50
MTO/Post office Average		20.00	2.31	12.31	24.62
Total Average		14.57	2.85	10.14	20.28
First Quarter 2009		15.00	0.05	7.55	15.10

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Poste Italiane	Bank/Post office	7.82	2.31	3.88	19.40	3-4 days	-	May 29, 2008
Coinstar	MTO	22.73	1.61	6.15	30.75	24 hours	-	May 29, 2008
MoneyGram	MTO	19.70	2.31	6.25	31.25	Instant	-	May 29, 2008
MoneyGram via Poste Italiane	MTO/Post office	34.09	2.31	9.13	45.65	Instant	-	May 29, 2008
Western Union	MTO	21.97	5.73	10.12	50.60	Instant	-	May 29, 2008
Bank/Post office Average		7.82	2.31	3.88	19.40
MTO Average		21.46	3.22	7.51	37.55
MTO/Post office Average		34.09	2.31	9.13	45.65
Total Average		21.26	2.85	7.11	35.55
First Quarter 2009		18.75	0.05	3.80	19.00

Corridor note

Banks are able to send money internationally for their account holders only.

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