Nigeria is one of the most prominent countries on the continent and holds the title of Africa’s most populous country. According to the UN report, more than 1.7 million Nigerians live abroad to avail better livelihood opportunities. These Nigerians earn in dollars, Euros, pounds and other solid currencies and send money to Nigeria in Naira.
This, in return, benefits the overall economy of the country. Remittances sent by Nigerian expats have proven to be highly beneficial to the Nigerian GDP. It was estimated that the most remittances sent in 2018 exceeded 23 billion USD and comprised 6% of the total Nigerian GDP. The increasing number of Nigerian expats wanting to send money back home has induced a need for reliable and affordable money transfer options.
Best way to send money to Nigeria from the UK
If you are an overseas Nigerian residing in Uk, then you must understand that sending money to distanced locations can come as a financial and security threat. That is why it is essential always to remain mindful of the money transfer option. Here are a few reliable options to send money to Nigeria from the UK.
Bank Transfer
Almost all the banks in the United Kingdom offer international money transfers to Nigeria. This option is wise to choose when sending a large sum of money. The only drawback to bank transfers is that holidays can delay the transactional process.
Money Transfer Agents
Plenty of money transfer agents can provide a swift means to send money abroad. These can be a good option in times of emergency. The receiver would collect money from a cash pickup point provided by the agent.
Online Money Transfer
The most convenient and cheapest way to send money to Nigeria from the United Kingdom is through online money transfers. You only require a working internet connection and a computer or mobile phone. Online money transfers have proven to be much better than conventional methods.
ACE Money Transfer provides the cheapest way to Send Money to Nigeria from the UK
ACE Money Transfer is the leading remittance sending service operating worldwide since 2002. ACE provides convenience, ease, and affordability to its users worldwide. It connects separated individuals, families, and friends through its easy-to-use and simple money transfer service. Be it the holidays, festivals, or emergencies. ACE is trusted by millions for instant yet affordable international money transfers. Here are a few reasons why ACE should be your top priority when sending money to Nigeria.
Send extra money through high exchange rates.
One of the reasons ACE remains on top in the remittance-sending industry is due to the unbeatable exchange rates it offers. ACE believes in providing the most for its valued users. When you opt for banks to convert currencies, they offer low and uncompetitive exchange rates. Most banks do not even follow the market rates. You can send more money to your loved ones through ACE by not losing a hefty chunk in exchange rates.
Send money to Nigeria in the comfort of your home.
ACE Money Transfer provides much more convenience than traditional money transfer methods. You do not have to stand in long lines and wait for your turn. ACE offers everything in the palm of your hands. You can transfer money by sitting in the lounge of your home. All you need to do is download the ACE app and sign in. The ACE Money Transfer app is straightforward to use with no complex structures.
Benefit from the lowest transfer fee rates
One of the most attractive features of ACE Money Transfer is that it offers meagre transfer fees. A wire transfer initiated through a bank in the UK can easily cost you more than 30 GBP. Sometimes the receiver would also have to pay a small receiving fee. On the other hand, ACE Money Transfer has a very transparent system and a simple pricing structure. Users never have to worry about hidden fees or wasted funds.
Enjoy a speedy money transfer to Nigeria.
International money transfers are infamous for their lengthy procedures and delayed transactional processing. This is due to the complex banking systems. The new trend of online money transfer has made this much simple. Online Money Transfer through ACE is swift. You can expect your money transfer from the Uk to reach Nigeria within an hour.
Send money to the most popular Nigerian Banks.
ACE Money Transfer allows you to send money to many mobile wallets and popular banks in Nigeria, like First Banks, Access Bank, Eco Bank, First City Monument Bank, Union Bank, and United Bank for Africa.
Sign up on ACE now to become a valuable member of the ACE family and enjoy the cheapest transfer rates for international money transfers to Nigeria.