How to transfer money to Nigeria

How to transfer money to Nigeria

Discover how you can transfer money to Nigeria, what the best delivery methods are and some tips to get Naira to your friends and family quickly, cheaply and safely. 

How to send money to Nigeria from the UK

If you send money to Nigeria from the UK, you’re not alone. Given the large West African community in the UK, there is a huge demand among expats for fast, cheap money transfers to Africa’s biggest economy. 

With nearly a decade of experience serving Nigerian customers, Azimo is Europe’s leading money transfer provider for Nigerian remittances. 

How long do money transfers to Nigeria take?

With Azimo, money transfers to Nigeria take less than 30 minutes. Banks, by contrast, can take up to five business days, and they’re usually much more expensive.

How much does it cost to send money to Nigeria?

The cost of sending money to loved ones matters. The lower the fees, the more your friends and family benefit at the other end. 

That’s why when you send money to a Nigerian bank account, Azimo charges just one transparent transfer fee starting at £0.59. When you combine this with our fantastic exchange rates, the cost of transferring money to Nigeria is truly lower with Azimo. Don’t just take our word for it, see how much you can save by using Azimo instead of Western Union, Ria or WorldRemit.

Even better, your first two transfers are fee-free (Azimo Business customers receive five fee-free transfers after verifying their business). 

How to pay for money transfers to Nigeria

You can pay for your money transfer to Nigeria by bank transfer or by debit or credit card. Once you’ve paid, Azimo keeps you updated on your transfer with emails and push notifications. 

That way, you always know where your money is while it’s on its way to your friends and family. 

Our top tips for sending money to Nigeria

Azimo has been working with the most trusted financial institutions in the UK and Nigeria for nearly a decade. Every year we help to transfer hundreds of millions of pounds to cities such as Lagos, Abuja, Port Harcourt and more. As a result, we’ve come up with these suggestions to ensure smooth money transfers to Nigeria. 

Check your recipient’s NUBAN twice

When making your transfer, remember to double-check your recipient’s NUBAN number. NUBAN stands for Nigerian Uniform Bank Account Number. It’s a unique, 10-digit number that identifies a single bank account in Nigeria and works in a similar way to an International Bank Account Number (IBAN). 

It might seem a chore, but sometimes going back to check your contact’s NUBAN, bank account details and even the spelling of their names, can give you peace of mind that your transfer will be processed correctly.

Have proof of ID to hand

Since Azimo is a regulated financial institution, we are required by law to ask for proof of identity in certain circumstances. So to make sure your transfer to Nigeria is safe we may ask you to send us a picture of a document that verifies who you are. 

Document verification it’s just one of Azimo’s many standard security procedures. It’s our way of protecting you by verifying you’re the one actually sending the money.

Choose the easiest delivery method

Whether you’re making a business payment to Nigeria or sending money to a loved one, choosing the best delivery method can make the world of difference. 

That’s why Azimo offers multiple delivery options when you send money to Nigeria. These include direct to bank, SWIFT and mobile top-up:  

  • 24/7 bank transfers

Azimo offers 24/7 transfers to any bank account in Nigeria. That means you can send money to Nigeria quickly and securely, even at weekends and on bank holidays. 

On average, bank transfers to any bank account in Nigeria take less than 30 minutes. Your money will be with your recipient faster than ever before. No wahala.

  • Money transfers to Nigeria with SWIFT

You can send money to Nigeria via the SWIFT network to your contact’s bank account. And with SWIFT transfers, your friends and family get the choice of three currencies.  

Whether it’s as Naira, US Dollars or euros, you can decide how they receive the money. It’s worth noting that with SWIFT, the receiving bank may charge a handling fee for processing the transfer.

  • Send money as a mobile top-up

Another advantage of registering with Azimo is the mobile top-up feature. You can top-up a loved one’s phone with credit, helping them to stay connected via calls, texts and roaming data. Mobile top-up is a great way to help you keep in contact with friends and family back home. 

Transfer money to Nigeria now with Azimo’s market-leading rates and low, transparent fee. Download the Azimo app on iOS or Android and start making a difference back home today.