Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    Galmudug Leaders and Turkish Ambassador Discuss Improving Economic Infrastructure
    July 11, 2025
    Somali Ministry of Health Commends Women’s Role in National Development
    July 11, 2025
    Somali Foreign Minister Holds Significant Meeting with Nigerian Counterpart
    July 11, 2025
    Somali Minister of Youth and Sports Participates in Arab Youth Strategy Conference in Jordan
    July 11, 2025
    Banaadir Governor Urges Dayniile Residents to Participate in Voter Registration
    July 11, 2025
  • World News
    World NewsShow More
    Nairobi is locked down as Kenyan police clash with protesters
    July 8, 2025
    Texas floods leave at least 51 dead, 27 girls missing as rescuers search devastated landscape
    July 6, 2025
    Protests intensify in Los Angeles after Trump deploys hundreds of National Guard troops
    June 9, 2025
    31 Palestinians are killed heading to a Gaza aid site, witnesses say. Israel denies responsibility
    June 7, 2025
    Hajj Season 1446 AH: Synergy Between Technology and Humanity in Serving the Guests of Allah
    June 6, 2025
  • Articles
    ArticlesShow More
    A Somali Lens on Xinjiang: Shared Prosperity, Cultural Vitality, and Triumph Over Adversity Offer Lessons for the World.
    July 11, 2025
    THE NEW FACE OF INTERNATIONAL DIPLOMACY IN SOMALIA: PROSPECTS AND CHALLENGES
    July 10, 2025
    Exploring cultural richness of ‘pearl of Silk Road’ Kashgar
    July 8, 2025
    From Zheng He to Xi Jinping: China and Somalia’s New Vision for Self-Reliance
    July 8, 2025
    Farming the Desert: How Jiashi County Transformed Arid Land Through Innovation and Water Security
    July 4, 2025
  • Business
    BusinessShow More
    Somalia Unveils the Blueprint for a Modern and Sustainable Mogadishu
    December 21, 2024
    Djibouti Launches $57.4 Million Youth Entrepreneurship Project to Combat Climate Change
    November 25, 2024
    FM meets Minister of Investment of Saudi Arabia
    October 28, 2024
    President Hassan Sheikh Inaugurates New LPG Storage Center in Mogadishu
    May 12, 2024
    Collaboration of ICT transformation for digital Infrastructure
    October 24, 2023
  • Sports
    SportsShow More
    Mogadishu Stadium to Host Star-Studded Match Featuring Somali Legends and International Football Icons
    May 27, 2025
    Arsenal held at Brighton while Man City bounce-back continues
    January 5, 2025
    Galmudug wins the Inter-State Football Tournament
    January 29, 2024
    Somalia set for two int’l friendlies ahead of WC qualifier clashes against Algeria and Uganda
    October 10, 2023
    Chicago woman, 104, skydives from plane, aiming for record as the world’s oldest skydiver
    October 3, 2023
  • Tenders
    TendersShow More
Reading: WorldRemit Leads the Way Offering a USD Payout Option in Nigeria
Share
Font ResizerAa
Somali National News AgencySomali National News Agency
  • SOMALI
  • ARABIC
Search
  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
Follow US
©2023 || All rights reserved SONNA
Somali National News Agency > Blog > Business > WorldRemit Leads the Way Offering a USD Payout Option in Nigeria
BusinessNewsWorld News

WorldRemit Leads the Way Offering a USD Payout Option in Nigeria

By admin
Last updated: March 24, 2021
3 Min Read
Share

WorldRemit, a leading digital cross-border payments business has announced that its customers in Nigeria can now receive remittances in foreign currency (USD) through its cash pick up providers. Following the announcement of the Central Bank of Nigeria (CBN) a day before, WorldRemit quickly adapted to the new requirements making it the first digital service to offer its customers worldwide the option of cash pickup in USD in Nigeria. WorldRemit enables Nigerians in over 50 countries around the world to support their family and friends in Nigeria.

The decision by the Central Bank of Nigeria (CBN) to allow international money transfers to be paid in foreign currency, is aimed at providing increased liquidity in the foreign exchange market. The bank explained that the new regulation is part of its efforts to liberalize, simplify and improve the receipt and administration of diaspora remittances into Nigeria.
Gbenga Okejimi, Country Manager, Nigeria and Ghana, at WorldRemit, said: “ We are very happy to announce that customers can continue to send money to Nigeria seamlessly using WorldRemit. We have added a new option to send USD for cash pick up to approximately 3,500 cash payment points around the country. This will make international payments more convenient for Nigerians during this holiday season, when we typically see an increase in transfers.” Gbenga Okejimi emphasized that WorldRemit customers can continue to send money transfers quickly and securely to Nigeria via multiple payout methods such as bank accounts, cash pick up and airtime top-up.

Records indicate that there are approximately 15 million migrants from Nigeria living abroad in countries such as the United States, the United Kingdom, Canada and Italy. The Economist estimates that in 2018 alone Nigeria received $24 billion in remittances, making it the largest recipient in Africa.
The efforts from the CBN and WorldRemit, show a collaborative approach to supporting remittance flows to Nigeria.
For more information, please visit www.worldremit.com.

About WorldRemit

WorldRemit is a leading digital cross-border payments business. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower-cost. We currently send from 50 to 150 countries, operate in 6,500 money transfer corridors worldwide and employ over 1,100 people globally.
On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money.

Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom with regional offices in the United States, Canada, Australia, New Zealand, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

MORE NEWS

Official Reopening of the Ministry of Foreign Affairs Archives

CultureEducationLocal News
November 23, 2024

Kenya’s small farmers find respite in avocados amid changing climate

NAIROBI(SONNA) As crop diseases and pests rise in Kenya amid a rapidly changing climate that…

March 11, 2023

Galmudug Leaders and Turkish Ambassador Discuss Improving Economic Infrastructure

Mudug, Somalia, SONNA – The Vice President of Galmudug State, Mr. Ali Dahir eid ,…

July 11, 2025

Nimcaan Hilaac appointed to lead Waberi National Band

Mogadishu (SONNA)-Minister of Information, Culture and Tourism of the Federal Republic of Somalia, H.E. Mohamed…

March 3, 2020

YOU MAY ALSO LIKE

Militant attack kills 11 labourers in Pakistan – caretaker PM

PESHAWAR, (SONNA) - Eleven labourers were killed in a militant attack in Northwestern Pakistan, caretaker prime minister Anwaar-ul-Haq Kakar said…

World News
August 20, 2023

Somali FM meets his Kenyan counterpart in Nairobi

Nairobi(SONNA)-Following up on the telephone conversation between His Excellency President Mohamed Abdullahi Mohamed "Farmaajo" and his Kenyan counterpart ,His Excellency…

News
March 11, 2020

President Farmajo congratulates Ethiopian Prime Minister, Abiy on winning the election

Mogadishu(SONNA)-President of the Federal Republic of Somalia,Mohamed Abdulahi Farmajo on Sunday Congratulated Ethiopian Prime Minster,  Ahmed on winning the majority…

Local NewsWorld News
July 11, 2021

International working group reiterates support for implementation of Libyan ceasefire agreement

TRIPOLI (SONNA)-The International Follow-Up Committee for Libya Security Working Group reiterated on Saturday their full and continued commitment to the…

NewsWorld News
January 24, 2021

Somali National News Agency established in 1964. It is one of the main pillars of the Ministry of Information, Culture, and Tourism.

  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
  • SNTV
  • RADIO MOGADISHU
  • DALKA JOURNAL
  • TOURISM DEPARTMENT

Follow US: 

  • MoICT
  • VILLA SOMALIA
  • OPM SOMALIA

All rights reserved SONNA

©2023

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?