Cheapest way to send money to Nigeria - Fees and Charge Rates

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

Send money to Nigeria from London

Coinstar Money Transfer in Nigeria

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 you should trust CMT
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. 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, 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, 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.

CMT In Nigeria

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 send 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.

 

Transfer from Nigeria to UK

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