Open A Business Account In Nigeria
For international companies trading with Nigeria that need control over payments, FX, and trapped funds
Overview
If your company trades with Nigeria but lacks appropriate local banking and regulatory infrastructure, you are likely experiencing delays, restrictions, and unnecessary risk.
The Nigerian banking industry has a unique regulatory environment which can present challenges for foreign businesses seeking to establish accounts and operate locally.
Many international companies operating in Nigeria face the same issues:
Challenge 1: Trapped funds
Funds often accumulate in Nigeria due to FX limits, approval delays, or lack of access to USD.This results in capital being stuck, reduced cash flow visibility, and limited ability to deploy funds elsewhere.
Challenge 2: Currency devaluation risk
Holding NGN balances exposes companies to depreciation, causing potential losses while funds remain trapped and inactive.
Challenge 3: Outbound payment limits
Many companies face caps on how much can be sent offshore, creating cash flow issues, uncertainty, and time spent managing workarounds.
Challenge 4: Operational delays
Without a Nigerian account, even simple settlements can take weeks, often resulting in delays, strained relationships with suppliers and customers, and operational disruption.
Who this solution is designed for
It is designed for established, mid-sized to large international companies with customers or suppliers in Nigeria that generate large Naira inflows (typically $500k+ per month) and face challenges repatriating funds. It is built for businesses seeking a secure, compliant, and cost-effective way to convert currency in Nigeria and move funds internationally.
International operating companies
Holding companies and group structures
Investment funds and asset managers
Family offices
Multinational trading and services businesses
Corporates with Nigerian subsidiaries or counterparties
This is not a retail or SME banking product.
