All Nigerian banks SWIFT code (BIC) 2020/2021
November 6, 2020
All Nigerian banks SWIFT code (BIC) 2020/2021
Nigerian banks SWIFT code (BIC) – According to a data published by the Central Bank of Nigeria, Nigeria in 2019 received $17.57billion in diaspora remittance, specifically between January and November of the same year.
Particularly, this remittance are funds transferred by migrants of the Nigerian decent to their home country Nigeria.
Proportionately, it can be seen that there’s a need for SWIFT/BIC code especially for remittances routed via the beneficiaries bank accounts, except for few paid out on Money transfer platforms like Western union, Money Gram, Ria, World Remit, SHIFT etc.
The bulk of the payment requires the country’s bank’s SWIFT or BIC code.
What is SWIFT/BIC code?
SWIFT codes are set of characters used to identify specific banks in international money transfer, this ensures that your money gets to the right place.
SWIFT code registrations are handled by “Society for Worldwide Interbank Financial Telecommunication (SWIFT).”
Note, the term SWIFT is always used interchangeably with “BIC” which in itself is called “Bank Identifier Code (BIC).”
When sending money to a beneficiary via the SWIFT/BIC, it’s very important you confirm the details with the beneficiary, who should depend in his/her bank, this is to avoid unnecessary delay or having your funds returned.
The below table consists of Nigerian banks SWFT codes/BIC, go through it carefully and select the bank that applies to you accordingly, endeavor to pay attention to details please.
|Bank||SWIFT code||Bank code||Country code||Location status|
|Access Bank||ABNGNGLA||ABNG- Code assigned to Access Bank Plc||NG- Code belongs to Nigeria||LA- L, represents location while A means active code|
|Citibank||CITINGLA||Branch name- Citibank Nigeria LTD||Branch Address – Charles S SANKEY HOUSE, 27 KOFO ABAYOMI STREET, VICTORIA ISLAND, LAGOS, NIGERIA|
|Ecobank||ECOCNGLA||Branch name – ECOBANK NIGERIA LTD||AHMADU BELLO WAY, VICTORIA ISLAND, 21|
|First Bank||FBNINGLAGCS||Branch name – FIRST BANK OF NIGERIA LITD||LAGOS, NIGERIA|
|FCMB||FCMBNGLA||Brach name – FIRST CITY MONUMENT BANK LTD||PRIMUS TOWER 17A, TINUBU STREET, LAGOS, NIGERIA|
|Fidelity Bank||FIDTNGLA||Branch name- FIDELITY BANK PLC||2 KOFO ABAYOMI STREET, FIDELITY PLACE, LAGOS, NIGERIA|
|GTBANK||GTBINGLA||Branch name- GUARANTY TRUST BANK PLC||635 AKIN ADESOLA STREET VICTORIA ISLAND, LAGOS, NIGERIA|
|Heritage Bank||HBCLNGLA||Branch name- HERITAGE BANK COMPANY LIMITED||171A MOSHOOD OLUGBANI STREET, LAGOS, NIGERIA|
|JAIZ Bank||JAIZNGLA||Branch name- JAIZ BANK PLC||KANO HOUSE FLOOR 1, 73 RALPH SHODEINDE STREET, CENTRAL BUSINESS DISTRICT|
|Keystone Bank||PLNINGLA||KEYSTONE BANK LTD||KEYSTONE BANK BUILDING, 1 KEYSTONE BANK CRESCENT LAGOS|
|Polaris Bank||PRDTNGLA||POLARIS BANK LIMITED||3 AKIN ADESOLA STREET, VICTORIA ISLAND LAGOS|
|PROVIDUS BANK||UMPLNGLA||PROVIDUS BANK PLC||ADETOKUNBO ADEMOLA STREET, 54, LAGOS|
|Stanbic IBTC Bank||SBICNGLX||STANBIC IBTC BANK PLC||IBTC PLACE, WALTER CARRINGTON CRESCENT, VICTORIA ISLAND LAGOS|
|Unity Bank||ICITNGLA||UNITY BANK PLC||HERBERT MACAULAY WAY, CBD, 785 LAGOS, NIGERIA|
|UBA||UNAFNGLA||UNITED BANK FOR AFRICA PLC||57 MARINA, LAGOS, NIGERIA|
|Union Bank||UBNINGLA||UNION BANK OF NIGERIA PLC||STALLION PLAZA, 36 MARINA, LAGOS, NIGERIA|
|WEMA Bank||WEMANGLA||WEMA BANK PLC||WEMA TOWERS, 54 MARINA, LAGOS, NIGERIA|
|Zenith Bank||ZEIBNGLA||ZENITH BANK PLC||ZENITH BANK HEIGHT, 87, AJOSE ADEOGUN STREET, VICTORIA ISLAND, LAGOS, NIGERIA|
Note: It is very necessary to understand that while Nigerian banks SWIFT code or BIC is used for international money transfer, “SORT code” is used for local money transfer.
While the former has a responsibility domiciled with each of the Nigerian banks Head office, the later domiciled or traced to respective branches.
For international money transfer to be effected, endeavor to send the bank’s address too as seen in the table above, it’s the Head office branch that takes care of the SWIFT code transfer, while country wide branches see to branch SORT codes.
Have questions, let’s get talking in the comment box.
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