Unicorn Currencies
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🇦🇺→🇳🇬

Send Money from Australia to Nigeria

Businesses in Australia paying Nigeria suppliers for Oil & Gas. Send AUD from Australia, receive NGN in Nigeria with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: T+0 (2.3s avg within Unicorn network) with transparent pricing

Save £3,535 per £100k Payment

Australia to Nigeria corridor savings

Traditional Bank
£4,040
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Fast conversion
  • ✓ Transparent 0.5% spread
  • ✓ NIBSS Instant Payment (NIP)
Your Savings
87%
£3,535 per £100k
At £300k-£3M monthly, save £8,846/year

Sending from Australia: What You Need to Know

AUD Origin Specifics

  • AUD commodity currency (tracks iron ore/coal)
  • NPP (New Payments Platform) real-time
  • AUSTRAC compliance

Your Local Advantages

  • Fast AUD conversion
  • Competitive rates for AUD collection

Paying Suppliers in Nigeria: Compliance & Requirements

Regulatory Considerations

  • Central Bank of Nigeria (CBN) foreign exchange regulations
  • Form M (Import documentation) required for imports
  • Treasury Single Account (TSA) compliance for government payments
  • SWIFT code verification critical for international transfers

Payment Best Practices

  • Use NIP for instant settlement - avoid SWIFT delays
  • Nigeria = Africa's largest economy, growing trade hub
  • Multiple exchange rates exist - ensure you get interbank rate
  • Oil & gas payments require enhanced due diligence
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via NIBSS Instant Payment (NIP)

Australia → Nigeria Corridor Insights

Popular Industries

  • Oil & Gas
  • Agriculture
  • Manufacturing

Peak Trading Hours

AEDT (GMT+11) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send AUD from Australia to Nigeria?

Save 87% on every payment with t+0 (2.3s avg within unicorn network).

Open AccountView Nigeria Details

Bank of Canada registered PSP | FINTRAC licensed MSB