The rate has drifted since January. Check it before your next transfer goes out.

Short and direct.

The naira has been under renewed pressure since the Iran war began on February 28. Foreign portfolio investors have been pulling out of emerging market positions as global risk appetite drops. The oil windfall that should be stabilising the naira is being offset by production shortfalls: Nigeria is pumping 530,000 fewer barrels a day than the 2026 budget assumed.

If you set your monthly transfer amount based on the January rate, your family is probably receiving less in real terms than you planned. On their end, food, transport, and fuel costs have all risen since the war began. On your end, the rate per pound or dollar has shifted.

The platforms haven't changed. LemFi, Wise, Sendwave. But the numbers have.

Check the rate today before your next transfer goes out. Then check what your family says everything costs before you decide whether to adjust upward.