Send Money from the UK to Nigeria —
Best GBP→NGN Rates Today
High-street UK banks charge up to 20% below the real NGN rate. FxPortal shows you verified broker rates in real time — so you send more Naira for every pound.
Typical bank rate
₦1,700/£1
~15–20% below market
VS
Parallel market ref.
₦2,080/£1
What brokers compete toward
Top brokers for GBP/NGN right now
| Broker | Rate (NGN/£1) | Fee | |
|---|---|---|---|
|
DiasporaFX
BEST
|
₦1,872.50 | 0.8000% | Lock this rate |
|
EuroLink
|
₦1,871.00 | 0.7500% | Lock this rate |
|
SwiftRemit
|
₦1,870.00 | 0.9000% | Lock this rate |
Rates updated in real time. Actual transfers may vary by broker fee structure.
See all brokers →
Frequently asked questions
How do I send money from the UK to Nigeria?
You compare live GBP/NGN rates on FxPortal, pick a broker, and lock the rate with a single click. The broker will contact you to complete the transfer — typically via bank transfer using your UK sort code and account number.
Do I need an IBAN to send to Nigeria?
No. Nigeria uses NUBAN account numbers (10 digits), not IBANs. Your broker will ask for the recipient's bank name, account number, and account name. UK senders use their sort code and account number to fund the transfer.
How long does a UK to Nigeria transfer take?
Most FxPortal brokers settle within 1–3 business days. Some offer same-day delivery for transfers initiated before midday. Speed depends on the broker and the receiving Nigerian bank.
What are the transfer limits for GBP to NGN?
Limits vary by broker. Typical ranges are £50 minimum and £50,000 per transfer, with higher limits available for verified accounts. Check each broker's terms after locking your rate.
Why are FxPortal rates better than my bank?
UK high-street banks typically apply a 15–20% margin on GBP/NGN, on top of transfer fees. FxPortal brokers specialise in diaspora corridors and operate on lower margins — the rate you see is what competitive brokers are actually offering right now.