Send money from Nigeria to Canada
Whether it's rent in Toronto or a supplier in Calgary, a sender in Lagos needs the CAD to arrive whole and on time. Canada takes in tens of thousands of new permanent residents from Africa every year, and most of them need money from home in their first months.
NGN
CAD
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Sending Canadian dollars from Nigeria
There's a reason this corridor has been badly served. Canadian dollars are a thin market for banks in Nigeria, so they price it lazily or refuse it. Canada takes in tens of thousands of new permanent residents from Africa every year, and most of them need money from home in their first months.
Grey treats NGN to CAD as a first-class route. You see the rate, you see the fee, and RBC or any Canadian bank receives a domestic credit.
How sending to Canada works
Sign up
Verification takes a NIN slip, BVN or international passport and usually clears while you're still filling in the recipient's details for Toronto. Grey works with licensed partners in Nigeria and is registered with the CBN.
Fund
Top up from GTBank, Access Bank, Zenith, UBA or First Bank. Or, if a client abroad pays you in dollars, send to Canada from that balance and skip a conversion.
Send
Pick Interac e-Transfer for instant delivery, or bank transfer with transit and account number for next business day. Confirm CAD, send.
Where the cost hides on this route
The CAD your recipient receives at RBC, TD, Scotiabank, BMO, CIBC is fixed at confirmation and shown separately from the fee. What you see in Lagos is what arrives.
Your rate is fixed when you tap send
Once you confirm in Lagos, the CAD amount is done. Grey carries the currency risk between confirmation and settlement in Toronto, not you and not your recipient.
For a fee or a rent, that certainty is the point.
A route priced like an afterthought
Formal transfers from Nigeria to Canada were priced for years as if nobody would compare. Bank transfers to Canada clear next business day with an 18:00 Eastern cutoff. Interac e-Transfer is instant, any day. For a student whose rent is due tomorrow, that's the difference. Grey shows the comparison before you pay.
How it lands in Toronto
A normal CAD credit into the recipient's account at RBC, TD, Scotiabank, BMO, CIBC or any Canadian bank. It shows up like a domestic deposit. Your recipient in Toronto never has to download anything, and you track it from Lagos.
CAD in, nothing out
No receiving fee, no deduction at RBC.
Same-day in most cases
Funded transfers from Lagos usually settle in Canada the same day.
If they're on Grey too
GreyTag skips the bank entirely and lands in seconds.
Funding options
Funding from Abuja for a transfer to Toronto works like this. Nigerians top up in naira by bank transfer from GTBank, Access, Zenith, UBA or any other Nigerian bank, and the balance usually shows within minutes. Anyone paid in dollars by a foreign client can send from that USD balance and skip the naira leg. Convert to CAD when a payment to RBC is due, not before.
From GTBank, Access Bank, Zenith, UBA or First Bank
naira credited in minutes.
From abroad
USD, EUR or GBP straight to CAD.
From Grey
GreyTag balances are ready to send to Canada immediately.
Weekly payments to Toronto are easier with a standing balance than with a fresh top-up from Lagos every time.
The typical Nigeria to Canada sender
New permanent residents
Support for family who have landed through Express Entry or PNP and are waiting on a first job.
Tuition instalments
Term payments sent to a student's account for onward payment to the institution.
Urgent transfers
Interac e-Transfer lands instantly when something cannot wait a business day.
Parents of students
Rent and living costs for students at U of T, York, Calgary, Alberta, Manitoba and colleges across Ontario.
Seen from Lagos, the corridor looks like this. Canada takes in tens of thousands of new permanent residents from Africa every year, and most of them need money from home in their first months. From Lagos, the money tends to go to specific bills with specific due dates.
Grey on Nigeria to Canada, in three points
The value of a transparent NGN to CAD rate isn't visible on any single payment. It shows up in the annual total for a sender in Lagos, and in never having to explain to someone in Toronto why the money arrived short.
Rate and fee shown up front in Lagos. Settlement in CAD to the recipient's own bank in Canada, usually the same day.
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