What is the limit on international payments in Nigeria?

Sparco Inc.
3 min readMay 26, 2023

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As a Nigerian entrepreneur venturing into the global market, you understand the importance of seamless cross-border payments. However, the $1,000 — $10,000 limitations imposed on international transactions by the Central Bank of Nigeria can often hinder the growth of your business. That’s where Sparco, the leading cross-border payment solution in Nigeria, comes to your rescue.

With Sparco, moving large sums of money or conducting bulk transactions across borders has never been easier. Let’s dive into the details and explore how Sparco can help you overcome your cross-border payment challenges.

What is the limit on international payments in Nigeria?
One of the foremost concerns for Nigerian entrepreneurs is the limit on international payments. In the past, these limits have impeded business growth and restricted the scope of international trade. However, with Sparco, you can say goodbye to such limitations.

Sparco allows you to move thousands and hundreds of thousands of dollars, pounds, or any other currency you desire, effortlessly. There are no constraints on the amount of money you can send abroad, opening up vast opportunities for your business expansion.

Four Steps to Effortless Cross-Border Payments
Sparco empowers Nigerian merchants by simplifying cross-border transactions. Here’s how you can enjoy the benefits of Sparco in just four simple steps:

1. Sign Up with Sparco: Begin your journey by signing up with Sparco on sparcopay.com. The registration process is quick and hassle-free, enabling you to get started without any delay. Plus, Sparco ensures the utmost security and privacy of your information.

2. Choose Your Destination: Determine the country where you need to send your funds. Sparco supports a wide range of global destinations, making it a truly comprehensive solution for international payments.

3. Set the Amount and Currency: Define the amount you wish to send and select the desired currency. Sparco offers competitive exchange rates, allowing you to maximize the value of your funds while minimizing costs.

4. Initiate the Transaction: With just a few clicks, Sparco enables you to initiate the transaction. Enjoy the swiftness of the process as your funds are seamlessly moved around the world. Sparco ensures fast transactions without compromising on security or reliability.

By choosing Sparco, Nigerian merchants gain access to a plethora of benefits:

1. Competitive Exchange Rates: Sparco provides highly competitive exchange rates, ensuring that you make the most of your money during cross-border transactions. Say goodbye to excessive fees and unfavorable conversion rates.

2. No Transaction Limits: With Sparco, you can bid farewell to transaction limits. Move money in bulk or transfer large sums effortlessly.

3. Fast and Reliable Service: Sparco understands the value of time in international business. That’s why it ensures fast transactions without compromising on security or reliability. Experience the convenience of prompt money transfers.

As a Nigerian entrepreneur, you deserve a seamless and efficient cross-border payment solution that empowers your global ambitions. Sparco is helping Nigerian merchants become global merchants.

With its user-friendly interface, competitive exchange rates, and the absence of transaction limits, Sparco enables Nigerian merchants to move money across borders with ease and confidence.

How much money do you want to move abroad today?

Embrace limitless possibilities and sign up today

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Sparco Inc.
Sparco Inc.

Written by Sparco Inc.

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Helping Nigeria businesses with cross-border payments. Visit sparcopay.com to learn about our offerings.