🇮🇪→🇳🇬
Send Money from Ireland to Nigeria
Irish companies and tech firms paying Nigeria suppliers. Send EUR from Ireland, receive NGN in Nigeria with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local EUR collection + local NGN delivery = no correspondent bank fees
Save £3,535 per £100k Payment
Ireland 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)
- ✓ Local EUR collection
- ✓ 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 Ireland: What You Need to Know
EUR Origin Specifics
- Ireland uses EUR currency
- SEPA instant payment network
- GDPR compliance required
Your Local Advantages
- Local EUR account available
- SEPA (Single Euro Payments Area) instant collection
- No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.
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)
Ireland → Nigeria Corridor Insights
Popular Industries
- Oil & Gas
- Agriculture
- Manufacturing
Peak Trading Hours
CET (GMT+1) 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 EUR from Ireland to Nigeria?
Save 87% on every payment with t+0 (2.3s avg within unicorn network). Local EUR collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB