SWIFT/BIC code FOIBNGL1XXX
FOIBNGL1XXX belongs to Fortune International Banc PLC in Lagos, Nigeria.
Code details
| SWIFT/BIC code | FOIBNGL1XXX |
|---|---|
| 8-character code | FOIBNGL1 |
| Branch code | XXX |
| Bank | Fortune International Banc PLC |
| Branch | Head office |
| City | Lagos |
| Country | Nigeria |
The way the Fortune International Banc PLC SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FOIB Bank code
- 4 letters that identify the bank.
- NG Country code
- 2 letters for the country (ISO 3166).
- L1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution uses SWIFT/BIC code FOIBNGL1XXX?
FOIBNGL1XXX identifies the headquarters of Fortune International Banc PLC in Lagos, Nigeria. It is the code to use when a payment to Fortune International Banc PLC does not need a specific branch.
Does Fortune International Banc PLC have only one SWIFT/BIC code?
Yes – FOIBNGL1XXX is the only SWIFT/BIC code listed for Fortune International Banc PLC in Nigeria, so there is no branch code to choose.
What is the cheapest way to send money to Fortune International Banc PLC in Nigeria?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Nigeria with transfer services before you send – the difference can be large.
What does each part of FOIBNGL1XXX stand for?
FOIB is the institution code of Fortune International Banc PLC, NG stands for Nigeria, L1 is the code for the city or region and XXX marks the main office.
Which details do I need for a transfer to an account at Fortune International Banc PLC?
You need the SWIFT/BIC code FOIBNGL1XXX, the account number or IBAN of the recipient, their full name and address. Nigeria is not part of SEPA, so always include the BIC.
How long does it take to send money to Fortune International Banc PLC?
An international SWIFT transfer typically takes 2–5 business days, depending on correspondent banks and time zones. Specialist transfer services are often quicker than a bank.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.