Diaspora Senders: How Are Remittances Reaching Nigeria Under the Naira-Only Rule?

For Nigerians abroad who send money home from the US, UK or Canada, how are transfers arriving since the CBN’s naira-only remittance rule took effect on May 1? Which app or service do you use? How does the rate your family receives compare with the street rate, and how long does the transfer take? Would your family prefer to receive and hold dollars, or receive naira directly? I am researching this as a student in the US and will share a summary of responses in this thread. If you are open to a 20-minute WhatsApp or Zoom call, please reply or send me a message. I am not selling anything.

Use The App To Win ₦1m

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