Last Updated on February 17, 2023
If you have tried to receive dollars in Nigeria a couple of times in Nigeria. Then you know how complex it can be, especially if you don’t have a dollar account, a Paypal or even a Venmo account. These are the preferred methods people abroad like to use to send money.
Whether you’re trying to collect payments from customers or employees or family and friends outside Nigeria, you need a secure way to receive these monies.
With fintech companies in Nigeria on the rise, there are now more options for receiving money other than the standard money transfer services or trying to use a domiciliary account which can be difficult for some people to get.
See: How to Save in Dollars in Nigeria
In this guide, we will be reviewing the best ways to receive dollars in Nigeria securely and seamlessly.
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How to Receive Dollars in Nigeria Securely
There are now various services that let anyone receive dollars in Nigeria from abroad, however, here’s a list of the best ways you can receive dollars in Nigeria knowing that your money will safely get to you:
1. Domiciliary Account
With a dollar domiciliary account, you can receive dollars in Nigeria when someone makes an international bank transfer into the account.
You can open a domiciliary account in Nigeria with any commercial bank in the country. While the process isn’t as easy as opening savings or a current account (because most of the banks require referees).
Once you open a dollar account in Nigeria, you can start receiving dollars with it. If someone abroad wants to send you dollars, you just need to share your domiciliary account number, your bank address, your SWIFT code, and the routing number.
It can take up to 3 days to receive the money in your Nigerian dom account. You can withdraw your dollars by visiting a bank branch and using a withdrawal slip to withdraw your money (dollars).
2. Money Transfer Services
Money transfer services have always been the popular way that people use to receive dollars in Nigeria. Even though people are using them lesser, they’re still a great option to receive money from abroad.
However, some of these money transfer services charge high fees, they tend to have competitive rates.
With money transfer services you’ll have to go to a pickup location to receive their dollars in cash. After which you need to cover the dollar to Naira if that is what you want to do.
Some of the best money transfer services for receiving dollars in Western Union, MoneyGram, RIA Money Transfer, and WorldRemit.
3. Payoneer
Payoneer is an international online money transfer and digital payment service with a network of over 200 countries that provides secure, fast, and reliable money transfers to businesses and individuals. The finance company also provides capital to some of its customers.
You can receive dollars in Nigeria with a Payoneer account, and then send the funds to your naira or dom account and then withdraw the money when you want to.
You can open a Payoneer account now by visiting the website.
4. Wise
Wise formerly TransferWise, is a digital money transfer service that supports more than 750 currencies worldwide.
Compared to other money transfer services, Wise transfer charges are really low (0.5 to 2.5%) and they show the sender the fees upfront.
To receive dollars in Nigeria with Wise, the sender just has to go to the Wise website to Sign up, choose the amount to send, add the recipient’s bank details, verify the sender’s identity and finally pay for the transfer.
5. Leatherback
Leatherback is another great option for receiving dollars in Nigeria.
This fintech company powers cross-border payments in Nigeria so that people can make international money transfers to and from Nigeria.
Other than receiving dollars with Leatherback, you can receive an additional 24 different currencies.
This company claims that it offers upfront low fees and real-time FX rates.
6. Fincra
Fincra is another money transfer provider that you can use to receive payments globally.
It is a great option for receiving dollars in Nigeria as its service is quite cheap and fast.
While you can receive local and international payments with Fincra, you can also make payments and payouts into bank accounts and mobile money wallets in multiple currencies
7. Grey


Grey is a fintech platform that provides foreign bank accounts to Nigerians. Users get access to free USD, GBP and EUR accounts for conducting international transactions.
Once you open an active Grey account, you’ll be able to receive dollars in Nigeria. Once you’ve gotten your Virtual account details, you can share them with whoever wants to send you dollars.
You can also convert your money between different currencies on the Grey app as well as send money online from Nigeria to the UK and other European countries with ease.
Grey is becoming one of the popular platforms for foreign employers to pay remote workers in Nigeria.
You can enjoy high-speed international money transfers with Grey. All you need to do is visit Grey website and create an account which is free of charge.
8. $end by Flutterwave


$end by Flutterwave is a money transfer service that allows people with Flutterwave accounts to receive funds from anywhere in the world.
$end allows instant money transfers to barter accounts, mobile money wallets, bank accounts, and even cash pick-up locations.
So you can receive dollars in Nigeria seamlessly using $end.
You can receive up to $20,000 in minutes in your bank account using $end in Nigeria.
The Send service uses secure technology to make sure your funds and private information are protected by the most secure technology.
Also See: Flutterwave Review: How does Flutterwave Work?
9. Verto
Verto is a global cross-border payment service that lets individuals and businesses send and receive instant payments globally.
You can receive dollars in Nigeria using Verto’s multi-currency account or the Verto wallet from anywhere, anytime.
After receiving your dollars with Verto, you can easily withdraw your money to your bank account.
10. Skrill
Skrill is one of the most popular ways people globally use to send and receive money from various parts of the world.
Skrill is an online wallet for online payments and money transfers. The platform supports over 200 currencies worldwide. it is estimated that over US$1 billion worth of transactions happen on Skrill yearly.
You can receive dollars in Nigeria by opening a Skrill account.
11. Afriex
Afriex is a money app that allows users to send money to Nigeria. You can use Afriex to send and receive money from anywhere in the world.
Afriex provides a free multi-currency wallet for sending and receiving money instantly to and from Nigeria and Africa instantly.
See: Afriex Review: How does Afriex Work in Nigeria
You can receive dollars in Nigeria with the Afriex Money Transfer App from countries like Ghana, Kenya, Canada, and USA. Also, Afriex transfer fees are 25% cheaper than Moneygram and WesternUnion.
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