Payouts to Nigeria
Pay Nigerian naira from USDT or USDC
Nigeria is one of the largest stablecoin markets in the world, and paying naira from a USDT balance is a daily need for businesses that work with Nigerian suppliers and talent. XEROF pays NGN to a bank account in Nigeria from a USDT or USDC balance, business to business, business to consumer and consumer to business.
How a payout to Nigeria works
The receiving market caps each payment at the equivalent of USD 50,000. Larger amounts are split across payments, each screened and confirmed separately.
- Payout currency
- NGN
- Paid to
- Bank account in Nigeria
- Payment types
- B2B (business to business), B2C (business to consumer), C2B (consumer to business)
- Maximum per payment
- USD 50,000 equivalent per payment
- Rails
- Local bank transfer in NGN
- Pricing
- Per corridor: the NGN leg is quoted per payment on the confirmation
Who pays Nigerian naira this way
- A business paying Nigerian contractors, developers or agencies in naira to their own accounts.
- A company settling a Nigerian supplier invoice within the per-payment limit.
- A private client paying a Nigerian business against an invoice.
Paying Nigeria from Zug: timing and practicalities
Lagos is on West Africa Time, the same as Zug in winter and one hour behind in summer, so the working days overlap almost entirely. NIP credits naira in near real time during Nigerian banking hours, and the per-payment ceiling of USD 50,000 equivalent means larger invoices are settled as a sequence of payments from one conversion.
Nigerian accounts are addressed by the ten-digit NUBAN, which encodes the bank and a check digit, so a mistyped number is rejected rather than misdirected. The naira rate moves more than most corridor currencies; the confirmation in XEROF Online shows the rate at the moment you commit.
What XEROF needs before the first payment
- Beneficiary name, bank and account number.
- The invoice or contract the payment settles.
- Purpose of payment where required, confirmed before the first payment.
A worked example in NGN
- You send
- USDT 10,000 on ERC-20
- XEROF converts
- USD 10,000 equivalent at the live rate
- Beneficiary receives
- NGN to the contractor's account
- Fees on this example
- Brokerage fee plus the quoted NGN leg
Common questions
- Is the payout made in naira or in dollars?
- In naira, to a Nigerian bank account. The USD 50,000 figure is the maximum per payment expressed in dollar equivalent.
- Can I fund the payout with USDT on TRC-20?
- No. Only USDT or USDC on Ethereum (ERC-20) can fund a payout. A TRC-20 transfer cannot be used.
- What is the maximum for a NGN payout to Nigeria?
- USD 50,000 equivalent per payment, set by the receiving market.
Nigeria: limits set by the receiving market, availability subject to screening and partner requirements, indicative and not an offer. See the coverage table.
Nearby corridors
- Payouts to IndiaPay suppliers, contractors or your own account in India from a stablecoin balance.
- Payouts to the United KingdomPay UK suppliers, contractors and invoices in pounds from a stablecoin balance.
- Payouts to the UAEPay suppliers, counterparties and invoices in the UAE in dirhams from a stablecoin balance.
Open a XEROF account to pay Nigerian naira in Nigeria.