Question 1

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

Accepted Answer

Today, Western Union delivers the highest amount — ₦9,92,317 for every A$1,000 sent, at a rate of 992.3170 NGN per AUD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's AUD to NGN exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 AUD = 988.8380 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 A$1,000 to Nigeria?

Accepted Answer

Costs vary significantly. The best provider (Western Union) gives you ₦9,92,317 after fees. The worst (Instarem) only gives you ₦9,59,128. That's a difference of ₦33,189 on a single A$1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Western Union typically completes in minutes. 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 Western UnionBest value	Free	992.32	₦9,92,317	Minutes	Send
2 Wise	AUD 6.72	988.84	₦9,82,193	Within 1 hr	Send
3 Instarem	AUD 31.70	990.53	₦9,59,128	Same day	Send

Send Money from Australia to Nigeria — Best AUD/NGN Rates

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