How to Send Money From Nigeria to Another Country
Sending money from Nigeria to another country can be done through supported international money transfer services and, where available, international banking channels. The available method depends on the destination country, currency, purpose of the payment and the requirements of the financial institution or transfer provider.
Ways to Send Money From Nigeria Abroad
| Method | How It Works |
|---|---|
| International bank transfer | Funds are sent from an eligible Nigerian bank account to an overseas bank account. |
| Licensed money transfer service | A supported provider facilitates the international payment. |
| Specialized payment platform | A platform may support certain international transfers or payments where permitted. |
How to Send Money From Nigeria to Another Country
- Confirm that your bank or chosen transfer provider supports the destination country and type of payment.
- Check the provider’s requirements, fees and applicable exchange rate.
- Provide the recipient’s correct name and international banking details.
- Enter the amount and currency required for the transfer.
- Complete any identity or transaction verification requested.
- Review all details carefully before confirming the payment.
- Save the transaction reference or receipt.
What Information Does the Recipient Need to Provide?
Depending on the destination and payment method, you may need the recipient’s full name, bank name, account number or international account identifier, bank address and other details required by the receiving institution. Some transfers may also require a SWIFT or similar banking code.
How Much Does It Cost?
The total cost can include a transfer fee, currency-conversion cost or other applicable charges. Compare the amount the recipient will actually receive rather than looking only at the advertised transfer fee.
How Long Does an International Transfer Take?
Processing times vary. Factors can include the sending institution, receiving bank, destination country, currency, intermediary banks, compliance checks and the transfer method.
What If the Transfer Fails?
Check the transaction status and keep the payment reference. If the money has been deducted but the recipient has not received it, contact the bank or transfer provider that processed the payment and provide the transaction details.
Stay Safe When Sending Money Abroad
Use legitimate financial institutions or properly authorized transfer services. Verify the recipient’s details before confirming the payment, and never share your PIN, password or one-time authentication codes with another person.
How to Receive Money From Abroad Into a Nigerian Bank Account