Send Money to Nigeria from the UK – Fast, Secure Transfers

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What is the best way to send money to Nigeria from the UK?

The best way to send money to Nigeria from the UK is to use a money transfer service that the FCA regulates. These services give you good exchange rates and low fees. You can pick different payout options, such as bank transfer, cash pickup, or mobile wallet.

Best Ways to Send Money to Nigeria

Sending money to Nigeria from the UK is easy, safe, and fast now. Whether you are helping family, paying for services, or managing business remittances, you can find several money transfer apps and online services. These offer secure payment options that provide you peace of mind.

Here are the most common options:

  • Bank transfers to Nigerian accounts in naira (NGN)
  • Debit or credit card payments using mobile or web apps
  • Instant money transfer apps for cash pickup or delivery to mobile wallets
  • Apple Pay or Google Pay for quick payments on smartphones
  • Peer payments or international transfers using SWIFT with IBAN and BIC codes

Each method works with different currencies such as GBP, NGN, USD, and EUR. You can choose the one that fits your budget, timing, and the needs of the person who will receive it.

GBP to NGN Exchange Rate – Today’s Mid-Market Rate

The usual mid-market rate will be ready on April 16, 2025.

1 GBP = ₦1,855.70 NGN

Some money transfer services may charge you more because of higher exchange rates. Make sure to check the real-time rate before you finalise your transfer. Using platforms that offer competitive exchange rates can save you from extra costs.

Step-by-Step Guide: How to Send Money to Nigeria

Here are some simple steps to make your first transfer to Nigeria:

  1. Choose a money transfer service with Free Price Compare.
  2. Enter the amount in GBP that you want to send.
  3. Provide the receiver details – their full name, phone number, and bank account number.
  4. Pick a payout option – bank transfer, cash pickup, or mobile wallet.
  5. Choose a payment method – debit card, credit card, Apple Pay, or Google Pay.
  6. Get your personal information, like your email address and UK phone number.
  7. Review bank details and the final exchange rate.
  8. Submit your transfer and you will receive a confirmation message.

Many providers allow you to save profiles of the people you send money to. This helps you to send money again without any hassle.

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Comparing Features, Fees, and Reliability for Seamless Money Transfers

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How Much Does It Cost to Send £1,000 to Nigeria?

Here's what the person receiving your money could get when you send £1,000, according to what partners say:

Provider Fees Rate (GBP to NGN) Recipient Gets (₦) Delivery Times
Equals Group £0 1,855.20 ₦1,855,200 1–2 working days
FC Global Payments £0 1,855.70 ₦1,855,700 Same day–1 day
Halo Financial £0 1,854.90 ₦1,854,900 1–2 working days
Key Currency £0 1,854.30 ₦1,854,300 1–2 working days
OFX £0 1,855.00 ₦1,855,000 1–2 working days
Regency FX £0 1,855.10 ₦1,855,100 1–3 working days
TorFX £0 1,855.60 ₦1,855,600 1–2 working days
Currencies Direct £0 1,855.40 ₦1,855,400 1–2 working days

Rates were checked on April 16, 2025. Actual values may change slightly due to market changes and certain transfer fees from providers.

How Long Does It Take to Transfer Money to Nigeria?

Delivery time will vary based on your payment method and payout option.

  • Debit card: Usually takes a few hours.
  • Credit card: Takes 1 to 2 working days.
  • Bank transfer: Normally takes 1 to 3 days.
  • Cash pickup: Often instant or takes just a few minutes.
  • Mobile wallet: Same day, depending on the provider of the recipient.

For instant money transfers, pick providers that have local payout networks in Nigeria.

Avoid Hidden Fees When Sending Money to Nigeria

Many people pay more than they expected because of extra fees. Here are some tips to help you lower your transfer costs:

  • Choose providers that clearly show all fees at the beginning.
  • Check the mid-market rates to avoid extra exchange rate fees.
  • Stay away from banks on main streets. They often have higher transfer fees.
  • Use first transfer promotions offered by many platforms.
  • Be sure to check how much money the recipient will receive before you send it.
Avoid Hidden Fees When Sending Money to Nigeria

Is It Safe to Send Money to Nigeria?

Yes. All the providers on Free Price Compare are managed by UK financial authorities. They use secure servers and strong encryption to protect your information.

  • Your account number and card details
  • Your personal data and login information
  • The receiver's bank details and transfer amount

Payments made with Google Pay, Apple Pay, or Mastercard/Visa have extra safety thanks to fraud monitoring systems. This gives you peace of mind.

Who Sends Money to Nigeria?

The route from the UK to Nigeria is very busy. A lot of people send money to Nigeria.

  • People are helping their family or loved ones at home.
  • Businesses are paying for products, freelancers, or services.
  • Nigerians in the UK are sending remittances to banks like GTBank, Zenith Bank, UBA, and Access Bank.
  • Individuals are making payments to mobile wallets or for cash pickup.

Transfers can be done in Naira (NGN) or changed to USD. The choice depends on the destination country's payout options.

Compare International Money Transfer Services

Comparing Features, Fees, and Reliability for Seamless Money Transfers

Check Rates

Compare Trusted UK Providers for Transfers to Nigeria

Provider Why Choose Them Payout Options in Nigeria
Equals Group Low-cost transfers, simple UI Bank deposit, online transfers
FC Global Payments Trusted by businesses & personal senders Cash pickup, bank account
Halo Financial Personalised service, great for large transfers NGN to NGN payments via bank transfer
Key Currency No transfer fees, excellent phone support Bank transfers to all major Nigerian banks
OFX Global coverage, secure platform Bank transfer and mobile wallet support
Regency FX Competitive exchange rates Online bank deposit
TorFX Fast delivery, exchange rate tracking All bank transfer destinations supported
Currencies Direct Top-rated, easy money transfers for new users Bank transfer, mobile wallet, cash pickup

Correct as of 16 April 2025

FAQs – About Sending Money to Nigeria from the UK

You will need the receiver’s full name, a phone number, a bank account number, and possibly their IBAN or BIC if you are doing international transfers.

Yes. Most money transfer apps let you use a debit card, credit card, Apple Pay, or Google Pay. This makes it easy to make quick payments.

Using a debit card with cash pickup or mobile wallet is usually the fastest method. Transfers can happen in only a few minutes.

Yes. Money transfer services usually offer better exchange rates than regular banks. They often charge fewer hidden fees as well.

Limits can vary, but most services allow you to make international money transfers of £50,000 or more after you verify your ID and create your account.

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Page last updated on: 20/05/2025

Page reviewed by: Andrea Troy

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