Glossary
A bank-to-bank transfer, usually international. It is the older, slower route, and it can pass through banks in the middle. Each one may take a cut. It normally takes one to five working days, and it costs more than the newer local routes.
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.
