How to Receive Money from Abroad in Nigeria

In this Article we will  show you the easiest ways to Receive payment  From abroad in Nigeria.

If you’re expecting some money from abroad from a friend, family member or even an organisation and have been wondering how you can get Paid here in Nigeria then this article is for you. The method we will show you will work if you’re receiving the money from almost all parts of the world. Especially the US, UK, Australia, Canada, France, Germany etc.

In the year  2020, the Central Bank of Nigeria made the decision to only allow remittances in the form of Euro (EUR),and US dollars (USD), to be sent to Nigeria. Since then, Nigerians  have since been unable to send Nigerian Naira (NGN) to their friends and family members who live in the country. This policy has also limited the number of money transfer specialists and other digital money services that operate in Nigeria.

To Receive payment From abroad you’ll have to use an Online payment platform(Mobile wallet) or Bank account. We will show you the processing of using an Mobile Wallet (Online platform) and also using a Bank account in Nigeria to receive your payment.

Receive money from Overseas in Nigeria.

Note this guide we are walking you through works All Currency you want to receive from abroad be it Dollar, Euro, pound or any other Currency.

Bank account Method (Wire transfer)

The Wire transfer method is One of the easiest and Convenient ways to receive money from abroad Directly to your bank account.

To Receive Money to a bank account from abroad in Nigeria. You’ll have to create a domiciliary  account with any of the Nigeria Bank. A domiciliary account is a type of current account that allows you to fund it with foreign currencies such as dollars, pounds or euros and enables you to do foreign transactions on that account. You can use a domiciliary account to transfer money to another country or receive foreign currency from another country.

Though the CBN has barred individuals from receiving payment directly to their naira account from abroad, you can still use your Naira account to receive payment from abroad in Nigeria at some banks such as Firstbank and Access. 

Firstbank will Automatically convert the money sent to you into Naira. So If your using a firstbank account feel free to sent it to anybody abroad to transfer money to you, you just have to keep in mind that the money will be automatically convert to Naira. 

Access Bank, you can also use your normal access bank account to receive payment from abroad Directly to your account. One to you need is access bank May decide to automatically create a domiciliary account for the currency your receiving from abroad. That means if your receiving dollar from the US access bank might decide to create a dollar account for you and that money? will be sent to your dollar account automatically, the bank will notify you of the development it’ll sent a message for you consisting of your dollar account number. That gives you advantage you, you can withdraw your dollar and change it at the bereu de change for higher exchange rate.

Mobile Apps, Online banking platforms

The mobile apps or Online platform we will show you here enables you received Money easily from anywhere in the world Conviniently.


Payoneer is an Online financial services company that provides online money transfer, digital payment services and provides customers with working capital. Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card.

This platform enables you to Open a global bank account for free to receive and make foreign payments or convert currencies, all in one place. Get paid by foreign employers and clients, Use your account details to receive pounds, dollars and euros like a local and manage your earnings. Invoice like a local and manage your earnings.

How to Open account

  • Sign up online, or in our app with your email address
  • Verify your identity using your government-issued ID
  • Share your account details to get paid, or spend around the world with your debit card.


You’ve seen the process of receiving Money from Abroad in Nigeria if you need more clarity on anything kindly feel free to drop your question on the comment section below. If you also have any contribution or insight on this topic kindly let us know on the comment section.

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