Cheapest way to send money to Nigeria

Clear Capital Exchange
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Rate Per Single Unit: 0.993
Exchange Rate You Get: 4,965
EigerFX
FCA Regualted: FCA Regulated
Margin Rate: 1%
Rate Per Single Unit: 0.990
Exchange Rate You Get: 4,950
WorldRemit
FCA Regualted: FCA Regulated
Margin Rate: 2%
Rate Per Single Unit: 0.980
Exchange Rate You Get: 4,900
Currencyfair
FCA Regualted: FCA Regulated
Margin Rate: 2%
Rate Per Single Unit: 0.980
Exchange Rate You Get: 4,900
Transferwise
FCA Regualted: FCA Regulated
Margin Rate: 3%
Rate Per Single Unit: 0.970
Exchange Rate You Get: 4,850

Send Money Transfer to Nigeria from the UK? Hence Compare money transfer to Nigeria from London as some of your options are Coinstar Money Transfer in Lagos?
Coinstar Money transfer is a system of money transfer which allows you to make payments within the country and the transfer time is merely 3-5 minutes. There is a Coinstar money transfer control number which is provided by the receiver to the bank when there is a need for transfer to be done. And after that is processed, the money goes through.

Why should you trust CMT? The cheapest way to send money to Lagos? There has also been an integrating effort by CMT Transfer systems to bring in the sale of insurance products in bank networks due to connecting insurance companies as well. So, This makes your transactions easy and super fast. Not only that, CMT has reached global reach as it has tied up with BSS Global in a joint venture to provide services for its users. So, which makes it a trusted companion with your money issues.

The best part about this kind of transfer is that you can even send a message as you're sending money. So, to whoever you're sending money using CMT. There are, however, some restrictions that one needs to follow such as the sum should not exceed more than $5000. And its equivalent in any currency depending on the country where you're operating from. In Nigeria, you can send money in three currencies, which are namely USD and Euro. Local currencies can be used to send money within the country.

Send Money Transfer to Nigeria from UK

Transfer from Nigeria to the UK.
In Nigeria, CMT transfer can be done through 212 cities, which is the highest number of authorized places in a country. A few cities to name are Gombe, Benin, Idaho, Hadeja, and its capital Abuja, including the others. You can find these locations on their website. Many banks are available to carry out transactions for CMT. Banks are shut on Sundays, which is one of the slight restrictions under which a sender can't spend money on a weekend. Other than that the process is fairly simple.

There is, however, a transfer fee of 2-3% which is levied in Nigeria.
A major reason why it is the best way to transfer money is that it is economical. It saves up on a lot of transfer costs which banks and other forms of payments take and it's very secure. This is definitely something worth investing your time for.

How to send money from Nigeria to the UK?
If you are a citizen of Nigeria, or an expat staying in Lagos, you can easily send money from Lagos to the UK. There are many cost-effective ways to transfer money from Nigeria to the UK. But, before you actually go ahead and think of sending money from Nigeria to the UK. It is necessary that you go through the list of instructions given below:

Cheapest way to send money transfer to Nigeria

Make sure that you choose to send money from Nigeria to the UK. By seeking help from professional and reliable money agents like MoneyGram or Western Union. It is because each of these agents has their fully functional facility in the U.K. as well as Nigeria. There are several offices of MoneyGram in Lagos like the Equatorial Trust Bank (ETB). UBA, First Bank of Nigeria, Bank PHB, Union Bank of Nigeria PLC, Fidelity Bank. Spring Bank PLC and Afri-bank of Nigeria PLC.

You can also choose to transfer money from Nigeria to the UK, through the Internet transfer service offered by Skrill, and many more. With the help of online money transfer service, you can quickly make the transfers and the beneficiary will receive the message of the transaction in a fraction of seconds.

If you are choosing a bank to bank transfers, then make sure that the bank in Nigeria should also have branch or affiliate bank located in the UK. It would indeed be a better idea to search for the bank which has offices working in Lagos as well as the UK.

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

Compare money transfer to Lagos

Send money to Nigeria from UK and Currency restrictions for Lagos?
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 limited to N20 in notes and declared on arrival. Export of local currency restricted to N20 in notes. Hence, Import of foreign currency unlimited, but declared on arrival; export limited to the amount declared.

Send Money Transfer to Nigeria as Credit Cards accepted for Lagos?
Credit card fraud a problem and visitors 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. Also, 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.