Are you a Nigerian who wants to send money from Nigeria to another country? Do you intend to make money transfer to another country outside Nigeria? Do you want to receive international payments for your products and services in Nigeria and you do not know how to achieve this? If your answer is yes to any of the above questions, then read this post from start to finish because the answers to all these questions have been provided already in this post.

Initially, sending or transferring money from Nigeria to other countries in the world is impossible but with the recent CBN revised guidelines for International Money Transfer Services, Nigeria Banks have started deploying Outbound Money Transfer services to ease the stress of sending money from Nigeria to individuals outside the country.

Everything I’m going to discuss in this post will reveal to you;

• How to send money from Nigeria to the UK
• How to send money from Nigeria to United State
• How to send money from Nigeria to India
• How to transfer money from Nigeria to Pakistan
• How to send money from Nigeria to Cameroun
• How to send money from Nigeria to Ghana
• How to send money from Nigeria to South Africa
• How to transfer money from Nigeria to the Philippines
• How to send money from Nigeria to Malaysia
• How to send money from Nigeria to Canada
• How to send money from Nigeria to Europe
• How to send money from Nigeria to China
• How to transfer money from Nigeria to Dubai
• How to send money from Nigeria to Germany
• How to send money from Nigeria to Indonesia
• How to send money from Nigeria to Jamaica
• How to send money from Nigeria to Kenya
• How to transfer money from Nigeria to London
• How to send money from Nigeria to UAE
• How to send money from Nigeria to the USA
• How to transfer money from Nigeria to a bank account abroad and finally, how to receive international payments in Nigeria for your products and services.

It is easier to receive money sent to Nigeria from another country than to send money from Nigeria to other countries because almost all Nigeria banks are under the inbound money transfer services guideline as provided by CBN. Under the Inbound money transfer, an individual staying abroad can send money to an individual in Nigeria but those living in Nigeria cannot send money to those living in other countries. The money transfer regulation by CBN came up as a result of the negative perception about Nigeria being a country for money laundering and others fraudulent activities.

For this very reason; many Nigerians who wish to send money to their family members, relatives, friends, make payment for conference registration and those who are into the venture of importation of goods and services from other countries continue to find it difficult.

In August 2014, there is an introduction of the revised guidelines for International Money Transfer Services by the Central Bank of Nigeria (CBN), which allows the provision of Outbound Money Transfer services in the country. The Outbound Money Transfer is person to person international money transfer from Nigeria to countries around the world. It doesn’t matter if you have a bank account here in Nigeria or in these countries as many people would say…it is the prerequisite.

Today, in this article, I will show you how to send money from Nigeria to any other Country in the world; UK, United State, India, Cameroun, Ghana, South Africa, Uganda, USA, Canada, Europe, Kenya, Philippines, UAE, Malaysia, Germany, Dubai, Indonesia, Jamaica, China, Pakistan etc. and how you too can receive funds in Nigeria without any hassle from any of these countries.

So, just in case you are thinking of paying for conference(s) registration outside Nigeria while in Nigeria or how to send money from Nigeria to any of these countries above for international business transactions, to family member, relative or friend; below are five best options you can use to send money from Nigeria to any country around the world with an in-depth guide on how you can send the money from Nigeria to the country.

How to send money from Nigeria to any country in the world and how to receive international payments in Nigeria for your products and services.

Central Bank of Nigeria (CBN) licensed only MoneyGram International and Western Union Money Transfer as International Money Transfer Service Operators (IMTOs) in the country but I have added three other options I have used in sending money from Nigeria to other countries and in receiving money in Nigeria from other countries, making it a total of five options.

So, the five best options for sending money from Nigeria to another country and receiving money in Nigeria from another country are;

1. Western Union Money Transfer
2. Domiciliary account
3. PayPal money transfer
4. MoneyGram International transfer
5. Bitcoin Wallet

1.How to send money from Nigeria to another country through Western Union Money Transfer

There are about 5,000 Western Union outlets in Nigeria, 22 licensed banks and 905 microfinance banks. Among these banks, about 70% of them already serve as agents to Western Union but their agent service relationship is limited to provision of Inbound Money Transfer Services. However, with the new guidelines allowing provision of Outbound Money Transfer services, and the CBN licensing western union money transfer, some banks have started signing up as agents for provision of Outbound Money Transfer services.

A popular Nigeria bank I know that offers Outbound Money Transfer services of sending money from Nigeria to other countries is FIRST BANK OF NIGERIA PLC. First Bank was licensed by CBN and commenced the outward sending of Naira to other countries via Western Union since September 2014.

How to send money from Nigeria to another country through Firstbank’s western union money transfer service

What you need are;
• Your receiver’s location and bank details
• Identification
• Cash

How to send the money
• Visit any FirstBank of Nigeria nearest to you
•Go straight to their customer service desk and tell them you want to send money from Nigeria to United State, London, India, Cameroun, in fact anywhere you want.
• Some forms will be given to you to fill in the recipient’s personal information, bank account details and the amount you want to send. Fill the form properly and wherever you are confused, ask questions.
• Standard charge/fees is approximately 16,500 naira for every $2000

Note: you don’t need to open or have a bank account with FirstBank for this to be possible. Your valid Identification card- National ID card, driving license or international passport will be required. Again, you will be charged a variable transaction fee, fixed VAT and tax.

All currency conversion will be done by FirstBank, so no need to worry about currency exchange rate. For example, if you are to send money from Nigeria to the UK, FirstBank will help you convert your naira amount to its equivalent pound sterling (£ / GBP) before sending the money.

Sending money from Nigeria to another country through Firstbank’s western union money transfer service is very easy and simple. You can actually follow this method to send money from Nigeria to any country in the world. However, this method is best used when you want to send out a small amount of money from Nigeria to another country because of CBN directives and guidelines.

How to Receive Western Union Money Transfers via Quickteller In Nigeria

In case you did not know, Quickteller offers receipt of Western Union Money Transfers from your loved ones and associates “in the abroad.”

As long as you have a GTBank, StanbicIBTC, Wema or Skye Bank account or any of the banks in the image below, you can have the funds transferred to your accounts in Naira equivalent* (see the steps below)

How it works:

1. Log on to Quickteller.com
2. Click the on the Send and Receive Money tile
3. Click the Western Union tile
4. Select your bank, either GTBank, StanbicIBTC or Wema bank
5. Under “Choose currency” select “Naira”
6. Click “Receive money now” and the Western Union – Receive Money data page opens
7. Now carefully enter the following details:
8. The MTCN (Money Transfer Control Number) as provided by the sender
9. Sender’s Country
10. Receiving account number i.e. your bank account number where you wish to receive the funds
11. Receiving account type i.e. either current or savings
12. Expected Amount in Naira as provided by the sender
13. Under Receiving Currency leave the name of the bank and Naira as default.
14. First Name (Receiving Account) which is your account first name as it appears on your bank account
15. Surname (Receiving Account) which is your account surname as it appears on your bank account
16. Mobile Number – your mobile number
17. Answer to test question as provided by the sender
18. Click “Continue”
19. Confirm the details provided

2. Domiciliary account

How to send money from Nigeria to another country through domiciliary account

With a domiciliary account, you can transfer or send money from Nigeria to another country. For you to send money from Nigeria to another country through a domiciliary account, you need to have or open a domiciliary account. If you want to open a domiciliary account in Nigeria, you can open a domiciliary account with Gtbank, Firstbank, Zenith bank, Diamond bank or UBA, Stanbic etc.

A domiciliary account is an account that allows you to save money in US Dollars, Pounds Sterling or Euro with your money valued at the prevailing exchange rate. The account will help facilitate your international business transactions and it is funded through travellers cheques, lodgement of foreign currency cheques, cash inflows and cash deposits. Domiciliary account is very good and effective when a big amount of money is to be sent from Nigeria to another country.

As a case study, I will use Gtbank domiciliary account to show you how to send money from Nigeria to another country

Things required before sending money from Nigeria to another country through Gtbank DOM Account

• Recipient’s bank details – these include account name, account number, the name of the bank and branch name, SWIFT CODE, Routing Number.
• The money – if the money you will transfer abroad is more than what you have in your domiciliary account, you have to pay in extra money into your domiciliary account. Meanwhile, GTbank are NOT into currency conversion, therefore you have to convert the money (the naira form) to its equivalent international accepted standard currency (such as dollar, euro, or pounds sterling) before paying-in into domiciliary account. You can do this at FirstBank, Bureau De Change or any other financial institutions that are into money exchange.

How to send money from Nigeria to another country using GTbank domiciliary account

To send money from Nigeria to UK , United State, Cameroun, Ghana, South Africa, Uganda, USA, Canada, Europe, Kenya, Philippines, UAE, Malaysia, Germany, Dubai, Indonesia, Jamaica, China, India, Egypt, Pakistan or any other country in the world through GTbank domiciliary account;

• Visit any GTbank branch nearest to you.
• Locate their customer service Reps and request that you want to transfer from your domiciliary account to another account abroad. You will be directed to the right person in charge.
• A money transfer form will be given to fill recipient’s account name, account number, the name of the bank and branch name, SWIFT CODE, Routing Number, amount to be transferred and your own bank details. Fill the form and wherever you are confused, don’t hesitate to ask questions.

• Submit the form and you’re done. Within 48-72hours, you will receive an SMS that the money has been deducted from your DOM account and transferred to the overseas account.

How to receive money from another country through your Domiciliary account

If you want to receive funds from someone in another country, you need to provide your Bank name, the sort code, bank address, the name on the account and the currency.

3. PayPal money transfer

How to send money from Nigeria to another country through PayPal money transfer

“PayPal is one of the world’s largest online payment platforms which allow individuals and businesses to make easy international payments. It has been used over the years to pay for transactions on online platforms like Amazon, eBay, and other top e-Commerce websites. Paypal boasts of more than 100 million users worldwide”.

PayPal can be highly effective for transferring a small amount of cash overseas and with a surprisingly low-cost option. But for a high amount more than a few hundred dollars, it is usually expensive compared to almost any other method. Mark the phrase “can be” – that is assuming your recipient has a PayPal account.

If you are to send money from Nigeria to another country through PayPal, you need a PayPal account. The good news here is that Paypal is in Nigeria, so you can link your atm card in Nigeria to your Paypal and transfer the funds in your bank account to the Paypal user.

N.B – You can only send money on Nigeria Paypal account, you cannot receive funds with it.

Before now, you can make payment online and also transfer funds to a Paypal user by just verifying your Paypal account with a Naira master/visa card, but due to the recent CBN policy, that is no longer possible.  As of now, to transfer funds to a Paypal user or to make Payment online using Paypal, your Nigeria Paypal account has to be verified with a Dollar master/visa card.

FirstBank of Nigeria has taken the lead in providing a PayPal account services for all Nigerians and other banks have also followed suit. So, you can open a PayPal account in Nigeria through First bank’s online banking platform (FirstOnline) or by going to Paypal.com/ng

Once you open the PayPal account with FirstBank, you are free to login into your Firstbank PayPal account through FirstOnline (first bank internet banking platform) and make your money transfer to any country you want.
But when you are not able to do so by yourself through Firstbank’s internet banking platform,
• Visit any FirstBank branch close to you and request that you want to transfer from your PayPal account to another account abroad.
• PayPal money transfer form will be given to you to fill. Fill it and submit and you’re done.

If you are using the dollar card from any other bank, simply go to Paypal website and link the card to it. Once you verify it with your dollar card, you will be able to transfer money to another Paypal user in another country.

How to receive money through Paypal in Nigeria.

You will need to visit www.ultimateppsolution.com.ng to receive the complete guide on that.

4. MoneyGram International

How to send money from Nigeria to another country through MoneyGram International

Ecobank, UBA, First Bank, Access Bank, Sterling Bank, Fidelity Bank, Skye Bank, Keystone Bank, Enterprise Bank, Mainstreet Bank, Diamond Bank and Wema Bank, among others financial institution offer MoneyGram service in Nigeria.

UBA MoneyGram

“MoneyGram with over 300,000 locations in over 200 countries, partnering with UBA with over 700 business offices in 19 African countries and offices in New York, London and Paris, offers the best choice for Nigerians sending money abroad to their loved ones”

UBA was given the go-ahead to send out money through MoneyGram International since October 2014. The “Naija Sends” is the Outbound Money Transfer service by MoneyGram and UBA Plc.

To send out money through UBA MoneyGram;

• Simply walk into any UBA branch nearest to you and request that you want to send out money through ‘Naija Sends’
• You will be given MoneyGram money transfer form to fill.

How to receive money in person at a MoneyGram agent location in Nigeria

With thousands of agent locations worldwide, it’s easy to receive money from a location near you.

1. Find a location
Find a MoneyGram agent location in Nigeria.

2. Complete the form, if applicable
If required, complete a simple receive form entering the reference number given to you by the sender

3. Receive your funds
Hand the completed form and your valid photo I.D. to the agent to receive your money.

5. Bitcoin Wallet

Bitcoin is real money. It has no borders, no regulatory bodies, and can be transferred from one user’s bitcoin wallet to the other with the speed of light. It’s like sending a mail from Nigeria to America. Instant! And you can also sell it to Bitcoin ex-changers like us(www.bitcoinexchanger.ng) and have your bank account credited in minutes. It appreciates in value faster than the popular paper currencies that you know because no one controls it.

Bitcoins are not printed like dollars, euros and Naira. But what paper money like dollars, euros or pounds can be used for, Bitcoin can also be used for it.

Bitcoins are produced by people and you can spend it online and offline or sell it anywhere in the world and get the equivalent amount in your local currency.
Just like you take paper money like dollars, pounds, euros to banks and bureau De change offline in exchange for your local currency, we also have digital currency ex-changers online and bitcoinexchanger.ng is one of them.

How it works

To send or receive Bitcoin, you need to have a Bitcoin wallet. The bitcoin wallet is where your Bitcoins are stored. Click here to open a free Bitcoin wallet

If you want to send Bitcoin to another Bitcoin user in another country, the receiver must also have a Bitcoin wallet.

Once you have successfully opened a Bitcoin wallet, make sure you don’t forget your password. Login to your Bitcoin wallet and click on receive, a code will be generated, this is the code you will copy and send to the person that is going to sell Bitcoin to you.

Go to www.bitcoinexchanger.ng to buy Bitcoin with your Naira, you will provide us with the Bitcoin wallet address that you have generated and this is where we are going to send your Bitcoin to.

You will then login to your Bitcoin wallet and click on send, you will put the receiver’s Bitcoin wallet address in the box provided and you will type the value of money you want to send in dollars and the receiver will receive the Bitcoin funds instantly.

You will follow the same process too if someone wants to send Bitcoin to you from another country. Once you have funds in your Bitcoin wallet that you want to convert to naira, simply contact Bitcoinexchanger.ng and your bank account will be credited instantly.

With any of the above five means, you can comfortably send or transfer money from Nigeria to another country and you can equally receive money in Nigeria through any of these means. They are all relatively easy and simple.

If you are finding any of those five ways of sending and receiving money outside Nigeria difficult, let us know where you have the problem. You can use the comment box below to ask your questions and comments.