Last reviewed: · Curated by Ohmyfin Organisation editorial.
Nigeria receives over USD 20 billion in annual remittances, with the US among the top source countries. USD wires travel to a Nigerian bank (GTBank, Access, Zenith, UBA, First Bank) via SWIFT, and the Central Bank of Nigeria's RTGS or NIP instant-payment system credits the beneficiary. USD-to-NGN conversion is subject to CBN FX allocation policy, which has in recent years created periods of naira scarcity that delay conversions by 1–3 days. OFAC screening at the US correspondent and enhanced AML due-diligence at the Nigerian receiving bank are standard. First-time senders often face additional documentation requests. SWIFT GPI provides tracking data; use Ohmyfin to identify which bank is holding the payment.
Settlement path: Fedwire / CHIPS → CBN RTGS / NIP. Currency pair: USD → NGN.
The three most common causes of delay on this corridor are: (1) CBN FX allocation restrictions limiting USD-to-NGN conversion, (2) OFAC screening combined with Nigerian AML enhanced due diligence, and (3) Naira scarcity creating settlement queue at the beneficiary bank.
If the payment has not arrived within 5 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC shown on the Ohmyfin GPI tracker.
Most SWIFT transfers on the United States–Nigeria corridor credit the beneficiary within 2 business days. In 95% of cases the payment arrives within 5 business days. The most common delay is cbn fx allocation restrictions limiting usd-to-ngn conversion.
The three most common delay causes are: CBN FX allocation restrictions limiting USD-to-NGN conversion; OFAC screening combined with Nigerian AML enhanced due diligence; Naira scarcity creating settlement queue at the beneficiary bank.
Track the UETR on Ohmyfin — the GPI status shows exactly which bank is holding the payment. If delayed beyond 5 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC.
The dominant settlement path is Fedwire / CHIPS → CBN RTGS / NIP. The currency pair is USD → NGN.
No card needed. Free for ordinary users — completely free for individuals — no daily limit, no card required. Track any international wire across 11,000+ banks.
Track a payment now — completely free Or try the tracker now →