Clea wants to make cross-border payments seamless for Nigerian businesses

More than 200,000 used vehicles are imported into Nigeria every year, many of them sourced from auction platforms in the United States, Canada, and Belgium. 

These marketplaces give dealers and entrepreneurs access to vehicles at prices well below retail, making them a critical part of Nigeria’s automotive import ecosystem. But securing a winning bid is only half the battle. Paying for it is often far more complicated.

Nigeria’s foreign exchange constraints mean banks tightly ration dollar allocations, typically capping international transactions at around $10,000 per day for businesses. 

Last updated: August 5, 2026