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SWIFT Codes for Banks in Nigeria

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Bank City Swift Code
9 PAYMENT SERVICE BANK LIMITED LAGOS IPSBNGLA
ABSA SECURITIES NIGERIA LIMITED IKOYI ASNINGL2
ACCESS BANK PLC LAGOS (VICTORIA ISLAND BRANCH) ABNGNGLA
AFRICA FINANCE CORPORATION LAGOS AFFCNGLA
AFRICAN EXPORT-IMPORT BANK ABUJA PASSNGLA
ASSET MANAGEMENT CORPORATION OF NIGERIA ABUJA AMNGNGLA
BANK OF INDUSTRY FINANCIAL DEPARTMENT LAGOS BOIYNGLA
CENTRAL BANK OF NIGERIA LAGOS CBNINGLA
CENTRAL SECURITIES CLEARING SYSTEM PLC LAGOS CSCYNGLA
CITIBANK NIGERIA LIMITED LAGOS ((TRADE SERVICES DEPARTMENT)) CITINGLATRD
CORONATION MERCHANT BANK LIMITED LAGOS CMBBNGLA
ECOBANK NIGERIA LIMITED LAGOS ECOCNGLA
FBNQUEST MERCHANT BANK LIMITED LAGOS KDHLNGLA
FIDELITY BANK PLC LAGOS (HEAD OFFICE) FIDTNGLA
FIRST BANK OF NIGERIA LTD LAGOS FBNINGLA
FIRST CITY MONUMENT BANK LIMITED LAGOS ((ELECTRONIC BANKING)) FCMBNGLAWEB
FMDQ SECURITIES EXCHANGE LIMITED LAGOS FMDQNGLA
FSDH MERCHANT BANK LTD LAGOS (HEAD OFFICE BRANCH) FSDHNGLA
GLOBUS BANK LIMITED LAGOS (Adeyemo Alakija Branch) GLOUNGLA
GREENWICH MERCHANT BANK LIMITED LAGOS GMBLNGLA
GUARANTY TRUST BANK PLC LAGOS ((INFO POOL)) GTBINGLAIFP
HERITAGE BANKING COMPANY LIMITED LAGOS (V/Island Head Office) HBCLNGLA
HOPE PSBANK LAGOS HPSBNGLA
JAIZ BANK PLC ABUJA (ABUJA) JAIZNGLA
KEYSTONE BANK LIMITED LAGOS PLNINGLA
LOTUS BANK LIMITED LAGOS LOTUNGLA
MONEYMASTER PAYMENT SERVICE BANK LIMITED LAGOS MMPSNGLA
NIGERIA LNG LIMITED PORT HARCOURT NLNGNGLP
NIGERIAN EXPORT IMPORT BANK ABUJA NEXMNGLA
NOVA MERCHANT BANK LIMITED VICTORIA ISLAND NVMBNGLA
PARALLEX BANK LIMITED LAGOS PARANGLA
POLARIS BANK LIMITED LAGOS PRDTNGLA
PROVIDUSBANK PLC LAGOS (HEAD OFFICE BRANCH) UMPLNGLA
RAND MERCHANT BANK NIGERIA LIMITED LAGOS FIRNNGLARMS
STANBIC IBTC BANK PLC LAGOS ((HEAD OFFICE)) SBICNGLX
STANDARD CHARTERED BANK NIGERIA LIMITED LAGOS ((SECURITIES SERVICES)) SCBLNGLASSU
STERLING BANK PLC LAGOS NAMENGLASAF
SUNTRUST BANK NIGERIA LIMITED LAGOS (HEAD OFFICE BRANCH) SUTGNGLA
TAJ BANK LIMITED ABUJA (ABUJA CORPORATE BRANCH) TAJJNGLA
TITAN TRUST BANK LIMITED VICTORIA ISLAND (Victoria Island) TTRUNGLA
UNION BANK OF NIGERIA PLC LAGOS (STALLION PLAZA BRANCH) UBNINGLA
UNITED BANK FOR AFRICA PLC ABA ((ABA MAIN BRANCH)) UNAFNGLA088
UNITY BANK PLC ABUJA (Head Office Branch) ICITNGLA
VENTURE GARDEN NIGERIA LIMITED LAGOS VEGNNGLA
WEMA BANK PLC KANO (KANO) WEMANGLA02K
ZENITH BANK PLC ABUJA ((ABUJA BRANCH)) ZEIBNGLA013
ZENITH PENSIONS CUSTODIAN LIMITED LAGOS ZEPCNGLA
Bank Swift Code
9 PAYMENT SERVICE BANK LIMITED
(LAGOS)		 IPSBNGLA
ABSA SECURITIES NIGERIA LIMITED
(IKOYI)		 ASNINGL2
ACCESS BANK PLC
(LAGOS - VICTORIA ISLAND BRANCH)		 ABNGNGLA
AFRICA FINANCE CORPORATION
(LAGOS)		 AFFCNGLA
AFRICAN EXPORT-IMPORT BANK
(ABUJA)		 PASSNGLA
ASSET MANAGEMENT CORPORATION OF NIGERIA
(ABUJA)		 AMNGNGLA
BANK OF INDUSTRY FINANCIAL DEPARTMENT
(LAGOS)		 BOIYNGLA
CENTRAL BANK OF NIGERIA
(LAGOS)		 CBNINGLA
CENTRAL SECURITIES CLEARING SYSTEM PLC
(LAGOS)		 CSCYNGLA
CITIBANK NIGERIA LIMITED
(LAGOS - (TRADE SERVICES DEPARTMENT))		 CITINGLATRD
CORONATION MERCHANT BANK LIMITED
(LAGOS)		 CMBBNGLA
ECOBANK NIGERIA LIMITED
(LAGOS)		 ECOCNGLA
FBNQUEST MERCHANT BANK LIMITED
(LAGOS)		 KDHLNGLA
FIDELITY BANK PLC
(LAGOS - HEAD OFFICE)		 FIDTNGLA
FIRST BANK OF NIGERIA LTD
(LAGOS)		 FBNINGLA
FIRST CITY MONUMENT BANK LIMITED
(LAGOS - (ELECTRONIC BANKING))		 FCMBNGLAWEB
FMDQ SECURITIES EXCHANGE LIMITED
(LAGOS)		 FMDQNGLA
FSDH MERCHANT BANK LTD
(LAGOS - HEAD OFFICE BRANCH)		 FSDHNGLA
GLOBUS BANK LIMITED
(LAGOS - Adeyemo Alakija Branch)		 GLOUNGLA
GREENWICH MERCHANT BANK LIMITED
(LAGOS)		 GMBLNGLA
GUARANTY TRUST BANK PLC
(LAGOS - (INFO POOL))		 GTBINGLAIFP
HERITAGE BANKING COMPANY LIMITED
(LAGOS - V/Island Head Office)		 HBCLNGLA
HOPE PSBANK
(LAGOS)		 HPSBNGLA
JAIZ BANK PLC
(ABUJA - ABUJA)		 JAIZNGLA
KEYSTONE BANK LIMITED
(LAGOS)		 PLNINGLA
LOTUS BANK LIMITED
(LAGOS)		 LOTUNGLA
MONEYMASTER PAYMENT SERVICE BANK LIMITED
(LAGOS)		 MMPSNGLA
NIGERIA LNG LIMITED
(PORT HARCOURT)		 NLNGNGLP
NIGERIAN EXPORT IMPORT BANK
(ABUJA)		 NEXMNGLA
NOVA MERCHANT BANK LIMITED
(VICTORIA ISLAND)		 NVMBNGLA
PARALLEX BANK LIMITED
(LAGOS)		 PARANGLA
POLARIS BANK LIMITED
(LAGOS)		 PRDTNGLA
PROVIDUSBANK PLC
(LAGOS - HEAD OFFICE BRANCH)		 UMPLNGLA
RAND MERCHANT BANK NIGERIA LIMITED
(LAGOS)		 FIRNNGLARMS
STANBIC IBTC BANK PLC
(LAGOS - (HEAD OFFICE))		 SBICNGLX
STANDARD CHARTERED BANK NIGERIA LIMITED
(LAGOS - (SECURITIES SERVICES))		 SCBLNGLASSU
STERLING BANK PLC
(LAGOS)		 NAMENGLASAF
SUNTRUST BANK NIGERIA LIMITED
(LAGOS - HEAD OFFICE BRANCH)		 SUTGNGLA
TAJ BANK LIMITED
(ABUJA - ABUJA CORPORATE BRANCH)		 TAJJNGLA
TITAN TRUST BANK LIMITED
(VICTORIA ISLAND - Victoria Island)		 TTRUNGLA
UNION BANK OF NIGERIA PLC
(LAGOS - STALLION PLAZA BRANCH)		 UBNINGLA
UNITED BANK FOR AFRICA PLC
(ABA - (ABA MAIN BRANCH))		 UNAFNGLA088
UNITY BANK PLC
(ABUJA - Head Office Branch)		 ICITNGLA
VENTURE GARDEN NIGERIA LIMITED
(LAGOS)		 VEGNNGLA
WEMA BANK PLC
(KANO - KANO)		 WEMANGLA02K
ZENITH BANK PLC
(ABUJA - (ABUJA BRANCH))		 ZEIBNGLA013
ZENITH PENSIONS CUSTODIAN LIMITED
(LAGOS)		 ZEPCNGLA


Others Country

South Africa
Egypt
Ghana
Algeria
Morocco
Ethiopia

Additional FAQ

There's no particular regulatory body formed by the Nigerian government to oversee forex market and its related financial institutions. The Central Bank of Nigeria (CBN) is the de facto regulator of foreign exchange transactions, but they don't have sufficient authority to supervise and provide licenses for forex brokers.

A few years ago, there are rumors that the SEC had met with the CBN to create a regulatory body that will oversee forex trading in the country. However, subsequent progress is scant.

Continue Reading at Forex Trading Facts in Nigeria

Some of these international forex brokers are HF Markets and Deriv. As one of the most used international brokers by Nigerian traders, HF Markets is regulated by the Financial Conduct Authority (FCA) in the UK, the FSCA of South Africa, and the Cyprus Security Exchange Commission (CySEC).

As for Deriv, it is regulated by the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (FSC), the British Virgin Islands Financial Services Commission (FSA), and the Malaysian Labuan Financial Services Authority.

Continue Reading at Is It Safe to Trade Forex in Nigeria?

Despite being a relatively new development in the country, forex trading is very popular in Nigeria, especially among those with a financial background. There are at least 300,000 Nigerian retail traders in 2021 and the numbers are only increasing over time. Many brokers have also expanded their business to Nigeria and other African countries, allowing anyone in the region to access the market and trade from home or anywhere through online trading platforms.

Continue Reading at Top Low Spread Brokers for Nigerian Traders

The foreign exchange transaction activity in the offline market is supported by law. Some of these include the Central Bank of Nigeria Act of 1958, the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act of 1995, the Exchange Control Act of 1962, the Banks and Other Financial Institutions Act of 2007, and the Investments and Securities Act of 2007.

Continue Reading at Is It Safe to Trade Forex in Nigeria?


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