Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From NGNigeria you can also send money to
Transfer money

Sending money from NIGERIA to MALI

Data collected on: Apr 27, 2017
NGN | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (NGN)sort descendingTotal cost (USD)sort descending
Firm
MoneyGram
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
3,045.0015.23
Exchange rate margin (%)
14.71
14.71
Total cost (%)
22.3222.32
Total cost (NGN)sort descendingTotal cost (USD)sort descending
8,928.0044.64
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending. ·
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10,000.0050.00
Exchange rate margin (%)
0.00
0.00
Total cost (%)
25.0025.00
Total cost (NGN)sort descendingTotal cost (USD)sort descending
10,000.0050.00
Total Average Second Quarter
23.6623.66
Total Average First Quarter
28.4528.45
Total Average
Fee
6,522.5032.61
Exchange Rate Margin (%)
7.367.36
Total Cost Percent (%)
23.6623.66
Total Cost (NGN) Total Cost (USD)
9,464.0047.32
Non-Transparent records
Cash
Less than one hour
Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (NGN)sort descendingTotal cost (USD)sort descending
Firm
MoneyGram
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10,500.0052.50
Exchange rate margin (%)
14.71
14.71
Total cost (%)
25.2125.21
Total cost (NGN)sort descendingTotal cost (USD)sort descending
25,210.00126.05
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending. ·
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15,000.0075.00
Exchange rate margin (%)
0.00
0.00
Total cost (%)
15.0015.00
Total cost (NGN)sort descendingTotal cost (USD)sort descending
15,000.0075.00
Total Average Second Quarter
20.1120.11
Total Average First Quarter
24.8924.89
Total Average
Fee
12,750.0063.75
Exchange Rate Margin (%)
7.367.36
Total Cost Percent (%)
20.1120.11
Total Cost (NGN) Total Cost (USD)
20,105.00100.53
Non-Transparent records
Cash
Less than one hour
Cash
Least Costly Corridors To Mali
Least Costly Corridors From Nigeria
      © 2015 The World Bank Group, All Rights Reserved