List of BIC or SWIFT Codes of Nigerian Banks – for International Money Transfer

Have you ever been asked to input your Nigerian Banks’ Swift Code when you’re trying to make a payment with your card or want to receive some funds through wire or international money transfer? If yes, and that’s why you’re here, I will show you all the SWIFT codes of Nigerian Banks as it is in 2020.

If you’ve been trying to receive some money through “international transfer” to your local bank in Nigeria from oversea countries like USA, Holland etc., you’ll be required to enter IBAN, Name, Name of your Bank, Address, Swift code and other personal data before the transaction can be successfully processed.

Check This Out: 7 Best Ways to Receive Money in Nigeria from Abroad (international Transfer)

Unlike inter-bank transactions in Nigeria where you only need to give your Name, Bank Name and account Number to the person hoping to send you money and you’re good to go. Without this swift code, you won’t be able to receive your money to your local bank in Nigeria.

But you may be asking that…

What is Swift Code

First, SWIFT is an abbreviation for ‘Society for Worldwide Interbank Financial Telecommunication’.

From the acronym, a SWIFT code is a worldwide accepted unique form of identification to identify and locate a bank or a financial institution. This enables all banks in the world to exchange transactions without any problem.

No wonder, SWIFT code is also referred to as BIC

BIC is also an abbreviation which stands for ‘Business Identifier Code’

In my own experience, it’s either you’re asked of SWIFT code or BIC. So, always remember that SWIFT CODE and BIC are the same code which I will be showing you (Nigerian Banks’ Swift Codes or BIC).

Also note that SWIFT code or BIC is used to identify headquarter of your bank. If they need to identify your bank’s branch (that you’re using exactly), they’ll ask for your bank sorting code instead which is just 6 characters which are figures.

SWIFT Code or BIC is usually 8 or 11 characters. And if it’s 8, it identifies the headquarters but if it’s 11 characters, it identifies the branch. But all Swift codes of Nigerian Banks are just 8 characters, meaning that it will identifies the headquarter of your bank.

You may also want to know how they get these SWIFT codes for Nigerian Banks right? Okay, I’ll tell you.

BIC or Swift codes of Nigerian Banks are gotten just like other banks or financial institution in the world. Here is how they’re gotten;

How SWIFT Codes or BIC Are Gotten in Nigeria (all over the world)

Note the first 8 characters long and then the next 3 characters. And I will be using GT bank swift code (GTBINGLA) as specimen for you to understand better;

  • 4 characters that comes FIRST stands for BANK Code which are letters (e.g GTBI)
  • 2 characters that comes NEXT stands for country code (for Nigeria, it is NG)
  • The NEXT 2 characters stands for Location code of headquarter Bank (for GT, it Lagos, so Location code is LA)

That’s how Guaranty Trust Bank got their own Swift code, which is GTBI + NG + LA which is equal to GTBINLA.

Can you see how they form the swift code for Nigerian banks? If I don’t tell you, you won’t know right? Now clap for me, lol.

But what if you see 11 characters long swift code, what does the last 3 characters stands for?

  • The LAST 3 characters stands for Branch code.

But in most cases, only the 8 character will be good especially if you’re using your Nigerian Bank Swift Code.

And Note that ‘NGLA’ comes last in all swift codes of Nigerian Banks because all head offices of banks in Nigeria are located in LAGOS, Nigeria except Stanbic IBTC.

Now, let talk about what you’re here to check – all BIC or Swift codes of Nigerian Banks;

All SWIFT Codes of Nigerian Banks in 2020

Here are the SWIFT codes for all Nigerian Banks in ascending order:

  1. Access Bank SWIFT Code – ABNGNGLA

  2. Central Bank of Nigeria SWIFT Code – CBNINGLA

  3. CITI Bank SWIFT Code – CITINGLA

  4. Diamond Bank SWIFT Code – DBLNNGLA

  5. ECO Bank SWIFT Code – ECOCNGLA

  6. Equitorial Bank SWIFT Code – EQUTNGLA

  7. First Bank of Nigeria SWIFT Code – FBNINGLA

  8. First City Monument Bank (FCMB) SWIFT Code– FCMBNGLA

  9. Fidelity Bank of Nigeria SWIFT Code – FIDTNGLA

  10. Guaranty Trust Bank (GTB) SWIFT Code – GTBINGLA

  11. Heritage Bank SWIFT Code – HBCLNGLA

  12. Unity Bank SWIFT Code – ICITNGLA

  13. Jaiz Bank SWIFT Code – JAIZNGLA

  14. Polaris Bank SWIFT Code – PRDTNGLA

  15. Sterling Bank SWIFT Code – NAMENGLA

  16. Bank PHB SWIFT Code – PLNINGLA

  17. Keystone Bank SWIFT Code – PLNINGLA

  18. Skye Bank SWIFT Code – PRDTNGLA

  19. Stanbic IBTC SWIFT Code – SBICNGLX

  20. Standard Chartered Bank SWIFT Code – SCBLNGLA

  21. Union Bank SWIFT Code – UBNINGLA

  22. United Bank for Africa (UBA) SWIFT Code – UNAFNGLA

  23. WEMA Bank SWIFT Code – WEMANGLA

  24. Zenith Bank SWIFT Code – ZEIBNGLA

SO, that’s the list of all SWIFT Codes of Nigeria Banks

If you think this article is helpful, can you share it with your friends for them to gain as well? Cool, kindly click on the floating social media ICONS and the article will be automatically shared on your social medias’ timelines.

 

 

Leave a Comment