A Simpler Way for Nigerian Businesses to Pay International Suppliers
For most Nigerian businesses, growth eventually requires sourcing, procurement or production outside the country. Whether you run a mid-sized fashion brand sourcing fabrics from Turkey, a tech hardware company buying components from Shenzhen, or a wellness brand importing organic ingredients from the United States — paying international suppliers has historically been stressful, slow and expensive.
Exchange rate swings, middleman fees, compliance restrictions, delayed settlement time; these challenges limit the ability to negotiate well and scale confidently.
Raiz helps Nigerian businesses pay suppliers abroad quickly and securely, without unnecessary layers and without losing value in the process.
The Reality Today
International business payments typically come with:
- Long processing times (days not minutes)
- Unpredictable exchange rates at settlement
- Restrictions on payment corridors
- Complicated compliance documentation
- Hidden fees in the chain
For businesses trying to forecast cashflow, this creates risk, delay and sometimes loss.
But cross-border payments should not take several steps or require ₦10m capital buffers to protect margin. Mobility and trade are how businesses expand — and payments should enable that, not hinder it.
Raiz Gives Businesses More Control, Not More Headache
With Raiz, a Nigerian business can pay suppliers in different regions — US, UK, Europe, Asia, Africa — in a way that's fast, secure and stable.
You can:
- Fund in NGN and execute global payments
- Hold stable value until you're ready to pay
- Pay multiple suppliers without slow banking hops
- Control timing of conversion to avoid "rate panic"
Raiz helps businesses protect pricing, protect margin and maintain predictability. This is especially relevant in a currency environment like Nigeria's where fluctuation can wipe out profit overnight.
Example Personas This Solves For
Gloria, Abuja Fashion Brand Owner
Her suppliers are in Turkey and Morocco. Her imports are cyclical. She needs to move quickly when inventory is available. Raiz lets her pay instantly without waiting days for settlement.
Charles, Lagos Tech Components Distributor
He buys sensors and PCBs from Shenzhen. Timing matters because volume discounts change weekly. Raiz gives him the advantage of fast clearing when it matters most.
Duke, Nigerian Skincare Entrepreneur
He sources organic actives from US labs. Rather than convert early and risk losing value, Raiz allows him to store stable value and convert when needed.
Business does not pause because payments are slow. Raiz respects urgency, seasonality and opportunity windows.
Predictable Global Payment Flow
Stable value rails enable:
- faster global clearing
- lower unexpected cost impact
- smoother supply chain planning
This is healthier for your balance sheet and your long-term scale strategy.
No More Guesswork
With Raiz, international supplier payments become a structured financial process, not a stress-driven event. Businesses can negotiate better because they can pay confidently. They can budget properly. They can plan inventory without panic.
This is how Nigerian businesses can participate competitively in the global economy without being disadvantaged by infrastructure limitations.
Raiz gives Nigerian businesses the ability to trade globally with clarity, confidence and control.
