Glossary
The system banks use to send money from one country to another. People call it a wire. It works for big amounts and most currencies, and takes one to five working days. Other banks handle it along the way and can take a cut, so less arrives than was sent.
Since May 2026, remittance apps must pay out in naira at the official rate. Here is what still gets you dollars, what each route costs, and how to pick.
Paying suppliers and contractors abroad from Nigeria, what Form A and Form M actually require now, and how to receive foreign currency.
