Top 20 Nigerian Banks Swift bic codes

List of Top 20 Nigerian Banks Swift bic codes – What is a SWIFT BIC code? Swift Code is the unique bank identifier code used to transfer funds from banks to banks located outside the country. Swift code also referred to as Bank Identifier code. Any time some one wants to send funds to another foreign account, he will need a swift bic code to complete the transaction. If some one from another country requests that you should your account details. You will need to provide your account name, account number, your bank name and swift bic code.

How SWIFT Codes Are Formed

SWIFT codes are either 8 or 11 characters long. When the 8-digits code is given, it refers to the primary or head office of the bank or financial institution but if its the 11-digits code that is given it refers to the specific branch.

The SWIFT code is formatted as shown below;

• The first 4 characters represent the bank code (only letters)
• The next 2 characters represent the ISO 3166-1 alpha-2 country code (only letters)
• The next 2 characters represent the location code (letters and digits)
• The last 3 characters represent the branch code (this is optional).

*Note that for most transactions you can use the 8-digits swift code which is the swift code for the primary or head office.