The GBP → NGN corridor, priced live. Your bank, every transfer app, and the real stablecoin route on Tron (TRC-20), compared on the true all-in cost, so you know exactly which one wins today.
Your sending country changes the price we can get you.
Cheapest way: Wise, −3.5% all-in cost, they receive NGN 3,680,602, about £2,070
Cheapest way to send £2,000 to Nigeria
Priced just nowMid-market rate 1 GBP = 1,778.07 NGN
They receive NGN 3,680,602 (≈ £2,070)
NGN 401,843 (≈ £226) more than your bank would send
all-in cost
Opens Wise with this amount and corridor filled in
Send to Nigeria more than once?
Most people send to the same place again and again. Pick a cadence to see what a bank quietly costs you a year, and what switching keeps.
The three ways to send, ranked
Every provider we priced
2 checked for this transferWhat each really delivers on £2,000 to Nigeria, cheapest first. We check them so you can see we did.
Indicative estimate, not a guaranteed quote. Where our numbers come from
Not a single hero number. This is both legs, both spreads, the on-chain fee and the cash-out, quoted as a range from best to worst case.
Risk: High enforcement risk: Nigeria's EFCC has frozen crypto-seller bank accounts (over 1,100 traders, and ₦548.6m of USDT sellers in 2024). A recipient's account can be frozen over funds they did not know were tainted.
Change the amount or destination above to reprice instantly. Mid-market rates from the fawazahmed0 currency-api (public domain); fallback rates by Exchange Rate API (exchangerate-api.com).
On £2,000, a typical bank takes about 7.8%. That is NGN 401,843 (≈ £226) more the cheapest route leaves in Nigeria.
Corridor volume
$21B
sent per year (2024)
Mid-market rate
1,778.07
1 GBP = NGN
Cheapest today
−3.5%
all-in via Wise
This is the honest version of the crypto path: four legs, each with its real cost. Nothing here is a single flattering number. The all-in range for this corridor is -3.0%–1.6%.
Fund a reputable exchange with your GBP and buy USDT. Because GBP is not the dollar, this leg first crosses GBP into USD, so its spread is baked into the range below.
+1.2% typical buy spread
Transfer the USDT to the recipient (or your own off-ramp account) over Tron (TRC-20). This is the only part that is genuinely near-free: the on-chain network fee is a flat cost, not a percentage.
≈ $2.02 network fee, flat
Sell the USDT for NGN on Busha or another display-safe venue. Across the 2 venues we track, you receive about 1,398.74 NGN per USDT after the local sell spread, a 4.1% premium over the mid-market rate. That premium is the edge banks never show you.
+0.4% typical sell spread
Withdraw the NGN to a bank account or mobile wallet. A small withdrawal fee applies at the receiving end, and it is counted in the all-in range, not hidden.
+0.4% cash-out
Enforcement risk: High enforcement risk: Nigeria's EFCC has frozen crypto-seller bank accounts (over 1,100 traders, and ₦548.6m of USDT sellers in 2024). A recipient's account can be frozen over funds they did not know were tainted.
The off-ramp is where the stablecoin route earns or loses its edge: the real NGN-per-USDT price at a display-safe venue, and how far it sits above or below the mid-market rate.
1,393.47NGN/USDT
Source: busha
1,404.02NGN/USDT
24h volume $25.7K
Source: quidax
The World Bank tracks the real all-in price of sending money on the United Kingdom to Nigeria corridor across every major provider. It is the authoritative, government-grade benchmark, updated each quarter, and we hold our live numbers against it so nothing here is a number we made up. The cheapest route we find right now, −3.5%, beats the corridor average by about 5.5%.
Corridor average
2.0%
all-in, across every provider
Cheapest recorded
-0.1%
the single cheapest option
The same corridor costs differently depending on the payout method. Wise-style estimates cover a bank-account payout only; cash pickup and mobile wallets are priced separately here.
Benchmark: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org, Q3 2025, across 9 priced providers. Licensed CC BY 4.0. It updates quarterly, so we treat it as a benchmark and a sanity check, never as a live quote.
A negative figure means the World Bank recorded a provider pricing above the mid-market rate at survey time (a promotional rate, better than free). It is a point-in-time reading for one provider, not a route you can count on every day, which is why the live cheapest path above is the number to send by.
All-in cost of the winning path on this corridor over time. It is why we re-price live instead of publishing a static table. Latest reading: -1.3%.
A rate table cannot see the fee your bank buried in the exchange rate. Senders can. Tell us what a real transfer cost and it sharpens the true all-in number for this corridor. Every report is verified before it counts.
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The honest answers, priced from the same live comparison you see above. No affiliate spin, no single flattering number.
Mid-market 1 GBP = 155.82 BDT
