Need to send money to Nigeria? Thinking about a wire to transfer the money to Nigeria? Before you ask your bank to do it, make sure you check the wire transfer fees. It might come as a shock the amount the fees will be and depending on the amount of the wire, it might be better to forward the money another way.
What can make it even more costly is in addition to your bank imposing a fee for sending the money to a bank in Nigeria, the recipient receiving the transfer will probably also incur a fee at their end. One way to reduce the possibility of the charge is to remit the international wire transfer in the currency of their account.
To process a bank wire transfer to Nigeria, you might need a SWIFT code. These are different codes for each bank and are based on things such as the country and individual bank.
Bank wire details for Nigeria
- Country – Nigeria
- SWIFT Country Code – NG
- Central Bank Name – Central Bank of Nigeria
- Currency – Naira
- Currency Code – NGN