AI agents for business finance: what they can and can't do
What AI agents can do in bookkeeping, close, collections and compliance today, where a person must stay in charge, and how to judge a product.
The short answer
Yes, but by bank transfer, not through a remittance app. A SWIFT payment in euro from an Irish bank such as AIB or Bank of Ireland to a euro domiciliary account at a Nigerian bank arrives as euro, provided you give the account's 10-digit number, the bank's BIC and any correspondent bank it names. Remittance apps cannot do this any more: under the CBN policy reported from 1 May 2026, money transfer operators pay inbound remittances in naira only.
Why the route matters
A Nigerian domiciliary (dom) account holds foreign currency, typically US dollars, pounds or euro. Union Bank and Fidelity Bank, for example, both publish euro domiciliary accounts, and Fidelity's diaspora version is aimed at Nigerians abroad. Euro sent into one of these stays euro until the holder decides otherwise.
How the money gets there decides whether it arrives as euro at all. Techeconomy's March 2026 explainer on a CBN circular reports that from 1 May 2026, money transfer operators must pay inbound retail remittances in naira, and that the option of a dollar credit to a domiciliary account was removed for these transfers. A bank-to-bank SWIFT payment is a different channel: it is a transfer between accounts, so it can be sent and received in euro.
What you need
| Item | Notes |
|---|---|
| Account name | Exactly as on the dom account |
| Dom account number | The euro account's own 10-digit NUBAN, separate from any naira account |
| Bank BIC | From the Nigerian bank's instructions for receiving euro |
| Bank name and address | As given in those instructions |
| Correspondent bank | If the instructions name one for euro |
| Recipient's address | Irish banks ask for it |
| Purpose | For example "savings", "school fees" or "property deposit" |
See our field-by-field checklist.
Sending from an Irish bank
- AIB. AIB says non-SEPA payments go through Paylink on Internet Banking or in branch, not the app, which handles SEPA only. Personal Internet Banking is capped at €10,000 per business day and online payments are always Shared, so other banks' fees can be deducted from the amount. Choose euro as the currency: no conversion takes place if you pay from a euro account.
- Bank of Ireland. Its page says you can send euro to non-SEPA countries by adding a new payee in 365 online, with transfers over €10,000 and countries not listed online going through a branch. Payments involving a currency conversion cost €5; it does not list a fee for euro outside SEPA, so check the PIN entry screen, which shows the charges before you confirm.
Worked example (illustrative figures only): you send €5,000 from a euro account to a euro dom account on the Shared option. Your bank charges its fee, say €15. A correspondent bank deducts €20 on the way, and the Nigerian bank charges €10 to receive. The account is credited €4,970 and the total cost is €45, under 1% of the amount, with no exchange margin anywhere in the chain.
What the recipient can do with the euro
TheCable's June 2026 report on the CBN Foreign Exchange Manual 2026 says no source-of-funds disclosure is needed to open or fund a domiciliary account, and reports a $10,000-a-day figure for domiciliary transfers. Other coverage words that figure differently, so the holder should ask the bank how it applies to their account. Bank charges also apply: Union Bank's domiciliary page, for example, lists a charge on transfers of cash deposits. Cash withdrawals in euro depend on each bank's stock and rules; see withdrawing euro cash from a dom account.
If the recipient has no dom account yet
They will need to open one first, and banks set their own documents and minimum balances. Fidelity's diaspora account, for example, lists a minimum opening deposit and asks for certified ID and proof of address. Nigerians in Ireland can open one themselves; see opening a dom account from Ireland. Until it is open, do not send euro to a naira account: the bank decides whether to convert it, and at what rate, or return it.
Steps
- Confirm the recipient holds a euro (not dollar) domiciliary account and get its number.
- Get the bank's written instructions for incoming euro, with BIC and correspondent bank.
- Send a small test payment in euro and ask what arrived.
- Send the main amount, choosing euro and, where offered, the option for you to pay all charges.
- Keep the confirmation and ask your bank for the Swift reference (UETR) in case it needs tracing.
Where Pryme fits
Some readers prefer to keep euro under their own name rather than in a relative's dom account. A Pryme account holds EUR with local details alongside NGN, so euro stays euro and Swap converts only when you choose; the app shows the rate and the fee before you approve. See multicurrency.
Questions people ask
Can LemFi or other apps send euro to a dom account?
Not for retail remittances under the CBN policy reported from May 2026; money transfer operators pay in naira. Use a bank SWIFT payment for euro.
Do I need an IBAN to send euro to Nigeria?
No. Nigeria has no IBANs. Enter the dom account's 10-digit number and the bank's BIC.
Will the euro be converted to naira on arrival?
Not if it is paid into a euro domiciliary account. Sent to a naira account, the bank may convert or return it.
How much does it cost to send euro to a dom account from Ireland?
Your bank's fee, any correspondent deduction and the Nigerian bank's receiving charge. Your bank's charges page or payment screen shows its own fee.
Sources
- What the CBN naira-only remittance policy means, Techeconomy (28 Mar 2026) · accessed Oct 2026
- International Payments Q&As, AIB · accessed Oct 2026
- International Payments Support: Transfers, Bank of Ireland · accessed Oct 2026
- Domiciliary Account, Union Bank · accessed Oct 2026
- Diaspora Banking, Fidelity Bank · accessed Oct 2026
- CBN Foreign Exchange Manual 2026 coverage, TheCable (3 Jun 2026) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.