Money Transfers to Nigeria

Aston Currency Management
FCA Regualted: FCA Regulated
Margin Rate: 2%
100,000 gets you: 98,000 NGN
FXfirm
FCA Regualted: Not FCA Regulated
Margin Rate: 2%
100,000 gets you: 98,000 NGN
Ebury Partners
FCA Regualted: Not FCA Regulated
Margin Rate: 2%
100,000 gets you: 98,000 NGN
Atlas Capital FX
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 95,000 NGN
PayPal
FCA Regualted: Not FCA Regulated
Margin Rate: 5%
100,000 gets you: 95,000 NGN

Currency for Nigeria
The Nigerian Naira (NGN)is now the official currency of Nigeria which is divided into 100 kobo. Nigeria's is mainly a cash used country and it is illegal to change money on the street.

Currency restrictions

Currency: Naira (N) = 100 kobo. Notes are in denominations of N500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of N1

Import of local currency is limited to N20 in notes and must be declared on arrival. Export of local currency is restricted to N20 in notes. Import of foreign currency is unlimited, but it must be declared on arrival; export is limited to the amount declared.

Credit Cards accepted
Credit card fraud is a problem and visitors are advised against the use of credit cards throughout the country we would suggest that if you need to take a card take a prepaid card as you can only spend the amount loaded on the prepaid credit card. Always check with your credit card company for details of merchant acceptability and other services which may be available before you go on holiday or travel aboard / overseas