March 13, 2024

Your Complete Guide to Checking Exchange Rates for Nigeria

Understanding Naira's Journey

To all our Nigerian brothers and sisters making a life in South Africa, we know the hustle is real! Sending money to Nigeria is part of your daily grind, and with Nigeria's colourful history of Naira fluctuations, it's crucial to stay sharp on those exchange rates.


Why Exchange Rates Matter

Whether it's for family support, business, or just sending a little something back home, exchange rates can make a huge difference. A small change can mean more groceries in Lagos or less school fees in Abuja. We need to make every Rand count!


Official Rates vs. Street Wisdom

In Naija, there's the official exchange rate – like the expressway, set by the Central Bank of Nigeria. But, let's be real, we also have the street rate, where things might get more 'interesting'. It's like the bustling markets of Onitsha, but with risks like a danfo in Lagos traffic!


Please visit our article to learn why you should avoid black market methods when sending money to Nigeria.


Mama Money: Your Financial Lifeline

Here's where Mama Money comes in – a lifesaver for Nigerians in SA! It's super easy to check the most accurate and up-to-date exchange rates right from your phone.


 

  1. Launch the Mama Money App
  2. Navigate to the 'Check Rates' section.
  3. Select Nigeria, and voilà! The latest exchange rates at your fingertips


Mama Money

Mama Money isn't just about sending money; it's about keeping our connections to home strong and vibrant. We get you – every Naira counts. We offer you honest rates with no hidden gimmicks.


We've all heard stories about dodgy deals and 'too good to be true' rates. That's why sticking with Mama Money makes sense. 


Keeping up with exchange rates doesn't have to be another wahala. With Mama Money, it's simple, straightforward, and secure.


Get Started Today

Ready to send that love back home to Naija? Download the Mama Money app now and start transferring your hard-earned cash with ease and peace of mind.


 

Naija FAQs in SA

Q: How often do the exchange rates for Naira change?

A: Just like the hustle and bustle of Lagos, those rates can change quickly. Always check the Mama Money app for the latest.


Q: Are there hidden fees with Mama Money?

A: No way! Mama Money is all about transparency. You'll see every cost upfront – no surprises, just like the honesty in a good Fela Kuti song.


Our dear Naija family in South Africa, sending money to Nigeria shouldn't be a source of headache. With a bit of know-how and Mama Money by your side, you can ensure your hard-earned cash makes the maximum impact back home. Let's keep our connections strong, our remittances smarter, and our spirits high, just like the lively streets of Naija!



 

 Need help? Mama is here.

To learn more about how to send money from South Africa to several other countries worldwide, follow Mama Money and learn all about our international money transfer services via

Facebook

Instagram

Twitter

LinkedIn

Should you have any questions that are not covered above, please contact Mama via WhatsApp at +27661041097.

For more information on our services, visit our blog or contact us on WhatsApp.

 

Chat on WhatsApp