Sending Money from Iran to Nigeria

1. Bank Transfer

Most secure. Requires recipient's name, address, bank account, SWIFT/BIC. Fees high; slow (3–7 days). Subject to Iranian banking sanctions—many international corridors restricted.

2. Money Transfer Operators (MTOs)

Western Union, MoneyGram, Ria, Xoom – Faster (minutes–days), lower fees for small amounts. Require recipient name, phone, location. Availability in Iran limited by sanctions.

3. Cryptocurrency

USDT, BTC, etc. via wallets/exchanges. Fast, borderless. Volatility risk; regulatory gray area in both countries. Requires crypto literacy.

4. Informal Networks (Hawala)

Trust-based, no formal records. Used due to sanctions. Carries legal/financial risk.

Caution: U.S./EU sanctions on Iran severely restrict formal channels. Verify legality and current operational status of any service before use.