Send Money to Nigeria
at the Best Rates
Compare 35+ verified providers for GBP, AUD, USD, CAD → NGN transfers. See real exchange rates, real fees — and make sure every naira reaches your family in full.
Remittances Are the
Backbone of Nigeria's Economy
Nigeria is Africa's largest remittance recipient, receiving over $20 billion USD annually — accounting for approximately 4.5% of GDP and representing a critical lifeline for millions of Nigerian households. The vast diaspora across the UK, USA, Canada, Australia, UAE, and Europe sends vital support to families at home, funding education, healthcare, business ventures, and property. Comparing providers before every transfer ensures maximum naira reaches the families who depend on it most.
Choose Your Sending Country
Select the corridor that matches where you're sending from and instantly compare the best providers for that specific route to Nigeria.
Send Money to Nigeria in 4 Easy Steps
Flexible Payment Methods
Most providers support multiple payment methods for Nigeria transfers. The right choice depends on your bank, how quickly funds are needed, and the total amount you're sending.
Receiving Options in Nigeria
Nigeria has one of Africa's most advanced remittance infrastructures — from instant OPay and Palmpay transfers to reliable bank deposits across all states and cities.
Tips to Save More on Nigeria Transfers
Diaspora remittances are too important to lose to unnecessary fees and poor exchange rates. These tips will help every Nigerian family abroad maximise what reaches home.
Transfer Limits &
Regulations to Know
Money transfers to Nigeria are regulated by the Central Bank of Nigeria (CBN) and governed on the sending side by financial authorities in your country. Knowing the key rules prevents surprises on large transfers.
- Nigeria imposes no annual cap on inward personal remittances. Transfers for family support, property, education, and personal use are fully permitted under CBN regulations.
- The CBN requires all remittance service providers operating into Nigeria to be licensed or partnered with licensed IMTOs (International Money Transfer Operators). Always use CBN-registered or internationally regulated services.
- Transfers above your provider's threshold (typically £5,000–£10,000) require enhanced identity verification — passport, proof of address, and sometimes source-of-funds documentation.
- From the UK, transfers above £10,000 in a year to a single recipient may attract enhanced scrutiny under FCA anti-money laundering obligations on the sender's side.
- OPay and Palmpay wallet incoming limits apply per transaction and monthly. For larger remittances, direct bank deposit is recommended to avoid wallet restrictions.
Frequently Asked Questions
Everything you need to know about sending money to Nigeria.
Diaspora-specialist services like LemFi, Wise, Remitly, and WorldRemit typically offer significantly better NGN rates than high-street banks — often 4–6% better. Use RemitSelect to compare all available options instantly for your specific amount and sending corridor before every transfer.
Bank deposits via NIP (NIBSS Instant Payments) are typically real-time or within minutes. OPay and Palmpay wallet deliveries are usually instant. Standard bank transfers via CBN clearing arrive the same or next business day. Cash pickup through Western Union or MoneyGram is usually available within minutes of the sender completing the transfer.
The CBN imposes no annual cap on receiving personal remittances. Individual provider limits typically range from £5,000 to £500,000 per transfer. Note that OPay and Palmpay wallets have their own monthly incoming limits depending on KYC tier — for larger amounts, direct bank deposit is recommended.
Personal remittances received in Nigeria for family support are generally not subject to income tax under Nigerian law. Very large amounts may have implications under the Finance Act. Tax obligations in your sending country may also apply — a tax adviser can clarify for large or regular transfers.
For bank deposits: the recipient's full name, their 10-digit NUBAN account number, and their bank name. For OPay or Palmpay: just their registered mobile number. For cash pickup: the recipient's full name exactly as it appears on their valid government-issued ID (National ID, International Passport, or Voter's Card).
All major Nigerian commercial banks accept international remittances, including Access Bank, GTBank, Zenith Bank, First Bank, UBA, Stanbic IBTC, Fidelity Bank, FCMB, Sterling Bank, and Wema Bank. Most have dedicated diaspora remittance programmes with competitive rates and real-time NIP delivery.