🇹🇿 TZS to 🇳🇬 NGN — Tanzanian Shilling to Nigerian Naira Rate Today
Live indicative interbank rate. Last refreshed 25 Jun 2026 01:23:48 UTC.
Convert Tanzanian Shilling to Nigerian Naira using the live indicative interbank rate and the converter below. Covers the cost of sending to Nigeria via the major mobile money apps.
Currency converter
TZS → NGN conversion table
| TZS | NGN |
|---|---|
| 500 | 260.84 |
| 1,000 | 521.68 |
| 2,000 | 1,043.37 |
| 5,000 | 2,608.42 |
| 10,000 | 5,216.84 |
| 25,000 | 13,042.11 |
| 50,000 | 26,084.21 |
| 100,000 | 52,168.42 |
| 250,000 | 130,421.06 |
| 500,000 | 260,842.12 |
| 1,000,000 | 521,684.25 |
Table computed at the indicative rate of 1 TZS = 0.5217 NGN. Real operator-side values include a 1%-4% spread.
Tanzanian Shilling to Nigerian Naira exchange rate history
Official vs Parallel Market Rate
Tracks live P2P (via Bybit)Parallel signal: Binance P2P USDT median, updated 25 Jun 2026, 01:00 (less than 1h ago). The quote tracks the live official rate between refreshes.
The parallel rate shown is an indicative, community-aggregated figure sourced from MomoCalc parallel-rate tracker. MomoCalc does not buy, sell, or set currency rates. Parallel rates vary by location, dealer, and time of day, and trading outside licensed channels may carry legal and security risks. Always confirm current rates with a licensed dealer before transacting. Educational only — not financial advice.
What moves the Tanzanian Shilling rate
The Tanzanian shilling is on a managed float under the Bank of Tanzania. Gold, tourism, agricultural exports (cashews, coffee) and the import bill — including used vehicles from Japan — shape the rate.
About the Tanzanian Shilling
The Tanzanian Shilling (TZS, TSh) is the official currency of Tanzania, issued by the Bank of Tanzania and notionally subdivided into 100 cents — though the cent denomination is no longer in circulation. Tanzania operates a managed-float regime, and the Shilling has been comparatively stable against the USD over the 2020s relative to peers, partly because of consistent gold-export revenue and a current-account balance closer to neutral. M-Pesa, Tigo Pesa (now branded Mixx by Yas) and Airtel Money dominate the in-country mobile-money landscape, and the Bank of Tanzania has been progressive in enabling cross-border M-Pesa Global transfers to Kenya, Uganda, Rwanda and beyond. Tanzania abolished the 2021 mobile-money transfer levy on P2P sends but retains a tiered withdrawal levy capped at TZS 4,000 per cash-out at agent or ATM.
About the Nigerian Naira
The Nigerian Naira (NGN, ₦) is the official currency of Nigeria, issued by the Central Bank of Nigeria (CBN) since 1973 when it replaced the Nigerian pound. Subdivided into 100 kobo, the Naira is one of Africa's most-traded currencies and the principal medium of exchange for the continent's largest economy. Since the CBN's 2023 unification of the parallel and official exchange rate windows through what it calls the NAFEM mechanism, the Naira has traded under market-driven pricing rather than the previous administered peg. Nigeria receives an estimated 20 billion USD a year in formal remittances, and for inbound flows to MTN MoMo PSB, OPay, PalmPay and Moniepoint the published Naira rate is now typically within 1%-3% of the parallel market — a sharp narrowing compared to the 30%-60% gaps that prevailed before unification.
How to send Tanzanian Shilling to Nigeria
For transfers from Tanzania to Nigeria, the competitive options in 2026 are mobile-first remitters (Sendwave, LemFi, TapTap Send, Lemonade Finance), aggregators (Wise, WorldRemit, Remitly) and direct operator rails (MTN MoMo, Orange Money, M-Pesa Global). All-in cost depends on amount, receiving wallet and day. Compare options side by side on our Nigeria inbound transfer page.
Related pairs
FAQ
What is the TZS/NGN exchange rate today?
How much is 100 TZS in NGN?
What's the best way to send Tanzanian Shilling to Nigeria?
Is the Nigerian Naira a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to Nigeria, see the inbound transfer comparison.