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Naira to reais, by account number or Pix key
Commodity trade sets the shape of this route. Raw sugar for refineries near Lagos, soya and maize consignments, frozen poultry, tractors and agricultural inputs. The buyer is usually a Nigerian importer or trading company, and the seller is usually waiting on a real figure before releasing documents.
Grey converts naira to BRL once and pays Banco do Brasil, Bradesco, Itau Unibanco, Caixa Economica Federal or Santander Brasil against the account number and agencia. Or you use Pix, Brazil's instant payment system, entering the recipient's CPF, phone number or email as the key. Pix runs 24 hours a day and payments made from a funded Grey balance arrive almost instantly.
Paying a Brazilian account in three steps
Sign up
Register with your NIN slip, BVN or international passport and a selfie. Nigerian accounts usually clear verification in a few minutes at no cost.
Fund
Move naira into Grey from Zenith Bank, Access Bank, GTBank or Kuda. Dollars from export sales held on Grey can fund the real payment without a naira leg.
Send
Enter the Brazilian account number and agencia, or the Pix key. Grey shows the real total with the fee, and the payment goes on confirmation.
What it costs to put reais in Brazil
Grey separates the NGN to BRL rate from the fee and shows both before the payment is released, so the conversion cost can be written into the landed cost of the goods rather than reconciled after the fact.
For a trading business, that is the difference between a margin you calculated and a margin you estimated. The real figure on screen is the figure the Brazilian bank credits.
The real amount holds from confirmation
Grey fixes NGN to BRL at the moment you confirm, and the rate does not move while the payout is processing.
On a shipment payment tied to documents and a deadline, that certainty is worth more than a slightly better indicative rate that might not survive to settlement.
Pix against a traditional wire from Nigeria
A wire from a Nigerian bank to Brazil crosses correspondents, converts more than once and can take the better part of a week to confirm. Pix settles domestically in Brazil in seconds, so a supplier can verify the money and release documents the same day you send it.
What your recipient in Brazil sees
Reais in a Brazilian bank account, either as a standard transfer or as a Pix credit. Nothing to download and no Grey account needed at their end.
Bank account and agencia
BRL into Banco do Brasil, Bradesco, Itau Unibanco, Caixa Economica Federal or Santander Brasil by account number and agencia.
Pix key
Send using a CPF, registered phone number or email, and the reais arrive almost instantly, at any hour.
If they use Grey
Two Grey accounts can move money between them free of charge and instantly.
Details worth checking twice
For a bank payout, the agencia and the account number belong together and both appear on the invoice. For Pix, the key must be one the supplier has registered, and the CPF or CNPJ should match the name on the contract.
Naira in first
A domestic transfer from your Nigerian bank, usually credited to Grey within minutes.
Or foreign currency
Dollars, euros or pounds on Grey can pay the Brazilian invoice as they stand.
Saved sellers
Keep each supplier stored so the next shipment only needs an amount.
Traders buying on a regular cycle keep their Sao Paulo and Santos counterparties saved and pay against each set of documents as it clears.
What this corridor is used for
Food commodities
Sugar, grain, poultry and vegetable oil bought from Brazilian exporters for the Nigerian market.
Farm machinery
Tractors, harvesters and spare parts shipped to agricultural businesses in Nigeria.
Freight and inspection
Shipping agents, surveyors and inspection firms in Santos and Rio paid in reais.
Professionals and students
Living costs and fees for Nigerians studying, training or working in Brazilian cities.
Nigeria to Brazil is commodity trade with a thin professional layer around it. Large payments, tied to cargo and contracts rather than to calendar months.
Why traders here choose Grey
FAQs
Which currency reaches Brazil?
Brazilian reais. Grey converts your Nigerian balance to BRL and pays it into a Brazilian bank account or to a Pix key as a local credit.
Can I pay using Pix from Nigeria?
Yes. Enter the supplier CPF, registered phone number or email as the Pix key and the reais arrive almost instantly.
Which Brazilian banks can I pay for a sugar or grain consignment?
Banco do Brasil, Bradesco, Itau Unibanco, Caixa Economica Federal and Santander Brasil, reached by account number and agencia once your naira balance converts to reais.
What is the agencia?
It is the branch code that accompanies a Brazilian account number. Both appear on the supplier invoice and both are needed for a bank payout.
Does Pix work at night and at weekends?
Yes. Pix is Brazil's instant payment system and runs 24 hours a day, so a payment sent from Nigeria does not wait for banking hours.
Can a Nigerian trading company pay a commodity supplier?
Yes. Enter the exporter bank or Pix details and settle in reais, with the rate and fee shown before you release the payment.
How do I fund the payment in Nigeria?
By naira transfer from Access Bank, GTBank, First Bank, Zenith Bank, UBA or Kuda into your Grey account, usually credited within minutes.
Is the rate fixed before I confirm?
Yes. The NGN to BRL rate is locked at confirmation, so the real figure quoted is the figure credited in Brazil.
Does the Brazilian seller need Grey?
No. They receive reais in their existing bank account or Pix-linked account, with nothing to install or register.
Can I send from dollars instead of naira?
Yes. Export proceeds held in dollars on Grey convert straight into reais, skipping the naira conversion entirely.
What is needed to open a Grey account?
A valid identity document such as a NIN slip, BVN or international passport. Registration is free and takes around five minutes.
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