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Send Money to Nigeria? Here’s Why Western Union Should Be Your Go-To Option
Nigeria has a developing economy, thus there are several prospects for investors to invest in various industries. Due to this, more Nigerians who reside outside of their country of origin are sending money to their loved ones there. Western Union is one of the most often used methods for carrying out this.
Is Western Union still available in Nigeria?
Yes, you may still use Western Union in Nigeria. It is actually among the most popular money transfer services in the nation. Western Union has a long history in Nigeria and a solid reputation as a dependable and effective means of sending and receiving money.
Which banks in Nigeria do Western Union?
In order to make it simpler for individuals to send and receive money, Western Union collaborates with various banks in Nigeria. Access Bank, First Bank, Guaranty Trust Bank, Zenith Bank, and United Bank for Africa (UBA) are a few of the banks that accept Western Union in Nigeria. People can more easily utilise Western Union services thanks to these institutions’ extensive nationwide network of branches.
How can I receive money through Western Union in Nigeria?
In Nigeria, receiving money via Western Union is a simple procedure. You must first check that the sender has your right name and address. The sender will provide you with a Money Transfer Control Number once the money has been sent (MTCN). Then, take the MTCN and a legitimate form of identification to any Western Union agent location in Nigeria. The money will then be given to you less any fees by the agent.
Read: The Ultimate Guide to Obtaining a Nigeria International Passport
Read: The Impact of the Federal Government of Nigeria’s Policies on the Economy
Western Union receive money limit in Nigeria
The quantity of money you can receive using Western Union in Nigeria is not specifically capped. However, if the sum exceeds a predetermined limit, Western Union can need more proof. It is best to confirm any special requirements with the Western Union agent.
How much is Western Union rate in Nigeria today?
Western Union charges in Nigeria differ based on a variety of criteria, including the amount received, the target country, and the manner of payment. Nonetheless, when compared to other money transfer services, Western Union charges in Nigeria are generally competitive and inexpensive. To ensure you get the best deal, verify the present Western Union rate in Nigeria before sending or receiving money.
Conclusion
Finally, with so many money transfer providers accessible, sending money to Nigeria might be a daunting undertaking. Western Union, on the other hand, remains one of the most dependable and convenient solutions for those wishing to send or receive money in Nigeria. With a large network of agent locations, cheap prices, and efficient services, it is no surprise that Western Union is the preferred payment method for many Nigerians.