Choose a transfer exchange rate of British Pound to Naira wisely
Nigeria is recognized as one of the 10 leading economies in Africa in 2018.
However, the Nigerian economy still depends on stable currencies, such as US dollars, GB pounds sterling or euros, which creates a situation where there are two exchange rates in the Nigerian market: the official exchange rate and the parallel market rate that is much higher. In this regard, it is important to compare the exchange rates provided by money transfer operators before sending money to Nigeria. They should be as close to the parallel market rate as possible. Thus, your recipient in Nigeria will receive much more Naira for the same amount in dollars, pounds or euros.