Sending money from the UK to Nigeria has become increasingly streamlined and cost-effective, thanks to technological advancements and a competitive remittance market. Whether you’re supporting family, paying for services, or investing, understanding the best methods to transfer funds is crucial. This blog post will explore the top ways to send money from the UK to Nigeria in 2025, considering factors like speed, cost, convenience, and security.

Nigeria remains one of the top recipients of remittances in the world, with billions of dollars sent annually by Nigerians in the diaspora. The United Kingdom, home to a significant Nigerian population, is one of the key sources of these remittances. As technology continues to reshape financial services, sending money across borders has become more efficient. However, choosing the right service still depends on several factors, such as cost, speed, convenience, and security.

Several remittance services now offer digital platforms, mobile apps, and competitive rates, giving senders more control and flexibility. The Central Bank of Nigeria (CBN) has also made regulatory changes in recent years to encourage inflows through official channels and reduce dependency on the black market. As a result, transparency and efficiency are improving in the money transfer industry.

Wise (formerly TransferWise)

Wise is popular for its transparency and mid-market exchange rates. It does not mark up the exchange rate, unlike many banks and other providers. Wise operates with a flat fee structure and is highly rated for its user-friendly interface.

Transfer speed is usually within minutes to hours, depending on the payment method and the recipient’s bank. Wise supports transfers directly to Nigerian bank accounts, and users can also track their payments in real-time. It is regulated by the Financial Conduct Authority (FCA) in the UK.

Website: https://wise.com/gb/send-money/send-money-to-nigeria

Remitly

Remitly is known for its reliability and flexibility. It offers different delivery speeds—Express (instant) and Economy (3-5 business days). The platform supports bank deposits and cash pickups through partners like Zenith Bank, GTBank, and Access Bank.

Remitly offers promotional rates for new users and often features deals that reduce fees. The service uses high-level encryption and is also regulated in the UK, ensuring security.

Website: https://www.remitly.com/gb/en/nigeria

WorldRemit

WorldRemit is a convenient and versatile service, allowing transfers to bank accounts, mobile money wallets, and for cash pickup. With its widespread network, it covers all major banks in Nigeria and offers instant transfers in many cases.

The platform has a simple signup process, supports multiple payment methods, and provides excellent customer service. It’s particularly useful for those sending small amounts frequently.

Website: https://www.worldremit.com/en/nigeria

Profee

Profee is gaining recognition in the remittance space for its competitive exchange rates and low fees. It allows transfers from a UK debit or credit card directly to a Nigerian bank account.

Transfers are often completed within minutes, and the platform features an intuitive user experience. Profee is fully compliant with EU regulations and offers customer support for every transaction.

Website: https://profee.com

Taptap Send

Taptap Send is a mobile-first platform designed for speed and simplicity. It offers zero transfer fees in most cases and allows direct bank transfers to Nigeria, with competitive exchange rates.

With its mobile app, users can send money anytime, anywhere. The app supports biometric login and other security features to ensure safety.

Website: https://www.taptapsend.com

Bank Transfers

Some UK banks allow direct international wire transfers to Nigerian banks, but this method can be costly due to high fees and less favorable exchange rates. Additionally, transfers can take several business days.

MoneyGram and Western Union

These traditional providers are still widely used, especially for recipients who prefer cash pickup. However, they often come with higher fees and may not offer the best exchange rates. They remain popular for their global reach and accessibility.

Cryptocurrency Transfers

Cryptocurrencies like Bitcoin and stablecoins are becoming alternative channels for remittances, especially among tech-savvy users. However, the volatility of digital currencies and regulatory concerns mean this method is best used with caution.

Exchange Rates and Fees

Some platforms advertise zero fees but offer poor exchange rates, effectively costing you more. Others may charge a small fee but use the real exchange rate. It’s important to evaluate the total cost of the transaction.

Transfer Speed

Speed matters in emergencies or urgent financial needs. Express options are typically faster but may incur higher fees.

Delivery Method

Some services only support bank deposits, while others offer mobile money, cash pickup, or card transfers. Choose based on what is most accessible for your recipient.

Payment Method

Consider how you want to pay—bank account, debit/credit card, or mobile wallet. Each has its own processing time and fees.

Security and Regulation

Always choose a provider regulated by reputable financial authorities such as the Financial Conduct Authority (FCA) in the UK or the Central Bank of Nigeria (CBN).

Customer Support

Responsive and effective customer service is crucial, especially when you face delays or issues. Check user reviews to gauge the provider’s reliability.

Mobile App Features

Look for providers with mobile apps that offer features like transaction history, recipient management, real-time notifications, and biometric logins.

Monitor Exchange Rates

Timing your transfer when the exchange rate is favorable can save you a significant amount, especially for large sums.

Use Official Channels

Avoid using unregulated third parties or black market exchanges. Official channels are safer and more traceable.

Double-Check Recipient Details

Mistakes in account numbers, names, or bank codes can delay your transfer or cause it to fail.

Beware of Scams

Only use verified apps and websites. Be cautious of unsolicited requests for money and always confirm identity before sending.

Keep Records

Save receipts and transaction confirmations. These are useful if there is a dispute or if your recipient does not receive the funds.

Regulatory Environment

The Central Bank of Nigeria (CBN) has made various changes to encourage diaspora remittances, including directing inflows through official IMTOs (International Money Transfer Operators). Nigeria’s banking sector supports USD inflows and conversion to naira, although FX policies may affect availability and rates.

Official Resources:

• Central Bank of Nigeria: https://www.cbn.gov.ng
• Financial Conduct Authority (FCA): https://www.fca.org.uk

Conclusion

The best way to send money from the UK to Nigeria in 2025 depends on your specific needs—speed, cost, convenience, and recipient preferences. Whether you opt for digital platforms like Wise and Remitly or stick to traditional options like Western Union, always prioritize safety and transparency.

As the financial landscape evolves, staying informed and using regulated channels will ensure your money reaches your loved ones efficiently and securely. Whether for personal support, business, or investments, there are more options than ever to bridge the gap between the UK and Nigeria.