Full Market Breakdown: USD/NGN — 12 Providers Compared
Send App holds a clear lead today. At the other end, Instarem, Xoom (PayPal) trail by 2.4%–2.7% — a gap that adds up quickly on regular transfers.
| # | Provider | Effective Rate (per 1 USD) | Amount (USD 500 → NGN) | vs Leader |
|---|---|---|---|---|
| 1 | Send App | 1,391.931 | 695,966 | — |
| 2 | CadRemit | 1,383 | 691,500 | -0.65% |
| 3 | NALA | 1,382.76 | 691,380 | -0.66% |
| 4 | Lemfi | 1,380 | 690,000 | -0.86% |
| 5 | ShareMoney | 1,375.47 | 687,735 | -1.20% |
| 6 | Boss Money | 1,375.3505 | 687,675 | -1.21% |
| 7 | Taptap Send | 1,375 | 687,500 | -1.23% |
| 8 | PayAngel | 1,373 | 686,500 | -1.38% |
| 9 | Remitly | 1,369.19 | 684,595 | -1.66% |
| 10 | Wise | 1,366.7412 | 683,371 | -1.84% |
| 11 | Instarem | 1,358.7089 | 679,354 | -2.45% |
| 12 | Xoom (PayPal) | 1,355.343 | 677,672 | -2.70% |
Should you compare providers now? Yes. A 2.7% gap between the best and worst provider on USD/NGN is material. Differences this size are large enough to meaningfully affect the amount received on any regular transfer. On a USD 500 transfer, the difference is approximately NGN 18,294. On a USD 1,000 transfer, it is approximately NGN 36,588.
Provider rankings are based on live quotes from the past two hours. Pricing shifts throughout the day as each service reprices — these rankings may differ by the time you transfer. The pattern of which providers lead or lag, however, tends to be more stable over days.
📊 Generation summary — 13 provider quotes | 2 corridors | 12 provider-corridor data points | data freshness: last 2 hours