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Sending Money to Nigeria
Nigeria is Africa's largest remittance recipient, receiving over $20 billion annually. The majority of inflows come from the UK, US, Europe, Canada, and Australia — making it one of the most competitive corridors for online money transfer. Multiple providers compete aggressively across all major sending currencies, which means comparing before you send can save your recipient a significant amount.
The Nigerian naira (NGN) is managed by the Central Bank of Nigeria. Exchange rate margins vary between providers due to differing FX sourcing strategies, so the amount your recipient gets can differ by thousands of naira even at the same send amount.
FAQ: Sending Money to Nigeria
What is the best rate to send money to Nigeria?
The best rate changes throughout the day as providers adjust their exchange rates. Always compare the total amount your recipient receives — not just the fee — as some "zero fee" providers compensate with a worse exchange rate. Jara compares 0 providers live so you can find the best deal in seconds.
How long does a transfer to Nigeria take?
Most transfers to Nigeria arrive within 1–3 business days, though many providers offer same-day or instant options. Delivery time depends on the provider, your payment method, and the receiving method. Mobile money is typically fastest; bank transfers may take longer. Always check the provider's estimated delivery time before sending.
What are the transfer limits for sending money to Nigeria?
Limits vary by provider and your account verification level. Wise typically supports large transfers for verified accounts. Remitly and Western Union often cap individual transfers around the equivalent of 50,000 in your sending currency, while WorldRemit generally limits to around 10,000 per transaction. Always verify current limits on the provider's website before initiating a transfer.
What details do I need to send money to Nigeria?
For most bank deposits you'll need the recipient's full name, bank account number, and the bank's routing or branch code. Some providers also accept mobile money IDs or wallet numbers. You'll need to complete identity verification with your chosen provider before your first transfer.
Can I send money to Nigeria from multiple countries?
Yes — Jara compares rates from 5 countries including the UK, US, Europe, Canada, and Australia. Use the tabs above to switch between sending countries and see live rates for each corridor.
Why do exchange rates differ between providers?
Each provider sources foreign exchange differently and applies their own markup above the mid-market rate. Some advertise "zero fees" but compensate with a wider margin on the rate. The only reliable comparison is the total NGN your recipient actually receives — which is exactly what Jara shows.
What is the best time to send money to Nigeria?
Exchange rates fluctuate throughout the day and week. Rates are often more favourable midweek (Tuesday–Thursday). Use Jara's live comparison to find the best rate at any moment — refreshing a few times before sending can make a real difference.