Africa · NGN · 2 routes

Payouts to Nigeria

Route catalog · NG

Choose a payout method

Supported currencies

NGN

Cutoff & delivery timing

INSTANT

REALTIME, 24x7

Scroll horizontally to compare supported modes

Transaction limit per end-user	B2B	B2P	P2P	P2B
Max	NGN 50,000,000	NGN 50,000,000	NGN 50,000,000	NGN 50,000,000
Min	NGN 2,000	NGN 2,000	NGN 2,000	NGN 2,000

Route details

Select a supported mode

Beneficiary statement narrative

Remitter name, statement narrative & trace id will be passed to the clearing system.

Network participant

Partner

Channels

All major banks in Nigeria (List Available)

Routing code

BANK CODE

Proof of payment

Upon request, Proof of Payment for a transaction can be made available.

Notes

Senders must send either a Beneficiary Bank Code or Swift Code.

Payments to specific microfinance banks and PSPs, such as OPAY, will be processed through Beneficiary Bank Code only.

To check the supported banks, please use the API given on the link: https://docs.nium.com/apis/reference/searchroutingcodeusingbankname or get in touch with your respective AM.

Mandatory data requirements

Remitter

Remitter Name
Remitter Account Type
Remitter Identification Type
Remitter Identification Number
Remitter Address
Remitter Country Code
Remitter City
Remitter Post Code
Remit Purpose Code

Beneficiary

Beneficiary Name
Beneficiary Account Type
Beneficiary Account Number
Beneficiary Bank Code
Beneficiary Country Code

Routing

Routing Code Value 1
Routing Code Type 1 - SWIFT Code

Supporting documents

Remitter Beneficiary Relationship
Nature of Business
Duration of Contract
Commercial Agreement
Current Invoice

Beneficiary account type

CORPORATE

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