Being able to send or transfer money to Nigeria from outside the country used to be a much easier task, thanks to a wide range of international money transfer services to pick from. A few months ago, the Central Bank shut down those operations. For example, there was TransferWise, now Wise. It used to be… Read More »How to Transfer Money to Nigeria from other countries


How to Transfer Money to Nigeria from other countries


Being able to send or transfer money to Nigeria from outside the country used to be a much easier task, thanks to a wide range of international money transfer services to pick from. A few months ago, the Central Bank shut down those operations.

For example, there was TransferWise, now Wise. It used to be one of the easiest means of international money transfers to Nigeria. Wise was affected by the clampdown and you can no longer send money to Nigeria using that service.

There are many such services that are no longer able to serve Nigeria.

The Central Bank have now come up with a list of approved international money operators through which you can transfer money to your loved ones in Nigeria.

Also, if you are based in Nigeria and do business with individuals and organisations outside the country, you need a way to have your payments get to you.


Below is the list of approved operators you, your loved ones, and clients can now use to transfer money to Nigeria.

You can transfer money to Nigeria using these approved International money transfer operators

This list of approved money transfer operators in Nigeria was published by the CBN on FEBRUARY 2021.

The list includes some mobile money operators in the country.

  1. AFTAB CURRENCY EXCHANGE LIMITED
  2. AZIMO LIMITED
  3. BELYFIELD LIMITED
  4. CAPEREMIT UK LIMITED
  5. CASHPOT LIMITED
  6. CENTREXCARD LIMITED
  7. CHIVE ING
  8. COLONY CAPITAL LIMITED
  9. CP EXPRESS LIMITED
  10. OT&T CORPORATION LIMITED
  11. eTRANZACT LIMITED
  12. FEM GROUP LLC DBA PING EXPRESS
  13. FIRST APPLE INC
  14. FLUTTERWAVE TECHNOLOGY SOLUTIONS LIMITED
  15. FORTIFIED FRONTS LIMITED – PAY LIMITED
  16. FUNDS & ELECTRONIC TRANSFER SOLUTION
  17. FUNTOUCH GLOBAL COMMUNICATIONS LIMITED
  18. GLOBAL CURRENCY TRAVEL & TOURS LIMITED
  19. HOMESEND SCRL
  20. IDT PAYMENT SERVICES INC
  21. MULTUREQA LIMITED
  22. INTERSWITCH LIMITED
  23. MAKEBA
  24. MONEYGRAM
  25. NAIRAGRAM LLC operating in Nigeria as NGN GRAM LIMITED
  26. NIGERIAN POSTAL SERVICE (NIPOST)
  27. NOUVEAU MOBILE LIMITED
  28. PAGATECH LIMITED
  29. PAYCOM NIGERIA LIMITED
  30. PAYPAL
  31. REMIT HUB CAFE LIMITED
  32. REMITLY INC.
  33. RIA FINANCIAL
  34. SHIFT FINANCIAL SERVICES LTD.
  35. SIMPLIFY INTERNATIONAL SYNERGY LIMITED

The most user friendly and most efficient of these international money transfer operators are those who have online platforms or mobile apps that allow you initiate your transfers from the comfort of your home, office, or wherever else you are.

They eliminate the need to take a trip to a banking hall or to a neighbourhood outlet.


Also, be sure to check out their fees. Some are.more pocket-friendly than others. Another factor you want to look at is the length of time it takes for the transfer to reflect in the destination account.

So, when checking them out, look for all these features. All the best.


 

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