tl;dr: Buy foreign exchange from within Nigeria by paying for it in Naira and have access to the US Dollars / Euros / other currencies outside of Nigeria to be traded/transferred as and when one desires. Nigeria is a new import economy, so that means the demand for foreign exchange to be spent outside of …
What is the largest opportunity in Nigeria right now for money transfer? Read More »
Why is it that there is a huge demand by Nigerians to go into the money transfer business? Well, the answer partially lies with the parallel market rate for the Naira.
If you are a small or a medium money transfer company in the US and is looking to pre-fund in Nigeria with a ‘better’ Naira rate than the official rate. You should then watch this video till the end.
If you are wanting to start a money transfer business from USA to Nigeria, then you might want to watch this video.
Source: businessdayonline.com
Woah! Remittances to reach $55 Billion by 2017 for Nigeria. That’s huge!
