How to send money from the UK to Nigeria
Around 2022/2023, many people kept saying (albeit jokingly) that the UK was now the new capital of Nigeria. This was because of how many Nigerians move to the UK every year.
Research by Peoples Gazette in 2023 revealed that fresh data put the number of Nigerians who had migrated to the UK in 2022, at 141,000. And every year, more Nigerians go to the UK.
Many reasons may require Nigerian immigrants in the UK to send money to Nigeria. It could be Black Tax, monetary gifts, or business purposes.
Whatever the case is, this article is set to show you the best ways that you can send money to Nigeria from the UK.
4 ways to send money from the UK to Nigeria
Digital platforms
With the much-needed advancement in technology, we now have more options. Gone are the days when we had to be restricted to only a few ways of sending money from the UK to Nigeria.
Now, many FinTech apps are available for this purpose. You can choose from the many options you find. These FinTech apps include OhentPay, Wise, Grey etc.
OhentPay is a fast and trusted FinTech that you can use to send money from the UK to Nigeria. It operates in over 190 countries all over the world and supports more than 40 currencies.
Below is a guide on how you can use it:
How to use OhentPay to send money from the UK to Nigeria
OhentPay gives you a very seamless transaction from the UK to Nigeria. With operations in 190+ countries, the reliability of this FinTech is something you want to experience for yourself.
You don't want to waste away your time and money trying out random apps that stress you out without giving you maximum satisfaction.
Here are simple steps to use OhentPay:
- Download the OhentPay app:
You can use the website version of OhentPay, but using the App version is always easier.
Go to your app store and search for OhentPay. Download it when it appears or simply click the button below.
- Sign up/sign in:
If you don't already have an OhentPay account, then you should sign up. Choose ‘Create an Account' to get started. Provide necessary details about yourself and wait for verification.
You will need an ID for your verification to be complete. It could be your Driver's License or any other government-issued ID.
- Set up account
If you are using the app for the first time, then you should do the basic setup. This will help you easily transfer money to Nigeria from the UK.
Add currencies, tap on the currency logo you find on your screen. The new page you see will have a plus (+) button in the right corner. Use that button to add different currencies that apply to your needs.
Add recipients, click the ‘Send’ button on your screen. It takes you to another page where you are to select a currency, add an amount, and select recipients. Tap on ‘Select Recipient’.
There will be a plus (+) button in the top right corner. With that button, you can add as many recipients as you want. Be sure to input their current details including their country, currency, BIC, IBAN, account name, and any other detail you are asked to provide.
Fund your account, click the currency icon you find on your home screen. It shows you a list of all the currencies you have added. Click on the account you want to fund, e.g., your GBP account. You will find a ‘Fund Account’ button. Fund your account with it.
- Send money across borders
It is very swift and easy to send money using the OhentPay app. Simply tap on the ‘Send’ option that you find on the home screen. Select the currency that you want to transfer.
You'll most likely be sending Naira since you are transferring to Nigeria. However, whatever the currency you want to transfer is, select it from the drop-down menu of currencies. Then Insert the amount of money you want to send.
The next thing you should do is select the recipient. Remember that you should have added your recipient when you were doing the basic setup. If you skipped that part, don't worry. You can easily add your recipient even at this stage.
Lastly, add your reference. You can either leave the default OhentPay reference message or customize it.
When you are done with providing these details, you can send the money.
The UK being considered the “new capital of Nigeria” according to some people, shows that a lot of Nigerian immigrants are there.
If you are one of them and need to send money to Nigeria, you have options with which to do this. However, OhentPay is one option that should be top of your list if you love smooth transactions.
Download the OhentPay app on your app store to seamlessly send money from the UK to Nigeria.
Use high street banks
High Street banks are banks that provide services to the general public, and not just businesses.
They also have many branches in different locations, as they are large retail banks. Examples of such banks in the UK are Barclays, Metro Bank, Lloyds, etc. These banks easily have the international transfer option.
They help you transfer your money in cash to your receipt in Nigeria. They send it to a corresponding bank in Nigeria so that your recipient has no trouble receiving it. You'll need to provide accurate details of your recipient, including their bank details.
It is important to state here that this option is quite expensive. You may consider other options if you are looking to save money.
Western union
Western Union is one of the oldest ways that international transfers are done. Before digital money transfer options became a thing, people used options like Western Union.
It is still an available option with which to send money abroad. You'll need to download the app and sign up.
