First Bank of Nigeria LTD SWIFT/BIC code

FBNINGLA – the SWIFT/BIC code of First Bank of Nigeria LTD

FBNINGLA and FBNINGLAXXX are two spellings of the same SWIFT/BIC code, and both point to First Bank of Nigeria LTD in Lagos. A SWIFT code tells every bank in the chain exactly which bank is meant to get the money. In practice you usually come across the code on invoices from abroad, in your banking app and in the bank details that First Bank of Nigeria LTD provides.

On this page we explain how the code means, when you need it and what else a transfer to or from First Bank of Nigeria LTD requires. Remember that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

What the XXX in FBNINGLAXXX means

A SWIFT code is made up of a few fixed parts: the first four letters stand for the bank, characters five and six show the country and the two after that mark the location. The result is FBNINGLA.

XXX at the end of FBNINGLAXXX is not a missing value or a mistake: it stands for the main office of First Bank of Nigeria LTD. Certain payment forms insist on 11 characters, and then you simply enter XXX behind FBNINGLA.

Enter the code in one piece, in capitals and without separators. A wrong character may route a payment to another bank.

Incoming international payments to First Bank of Nigeria LTD

When you expect money from abroad, send the payer all details at once. The basics are: the account holder’s name, account number or IBAN, FBNINGLAXXX and, for some countries, your home address.

Their bank may also ask for the address of your bank. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

An incoming payment does not always arrive in full. Fees for incoming transfers vary from bank to bank. Agree with the sender who covers the fees before the money is sent.

Verifying the SWIFT code of First Bank of Nigeria LTD

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Compare it against FBNINGLA on this page and ask if anything does not match.

An incorrect BIC may lead to a delay, a payment being sent back or extra fees along the way. A mistake in the account number is more serious, so check that just as carefully.

Many banking apps validate the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check on the recipient gives an extra layer of safety. When you pay someone new, many people start with a small amount first and wait for confirmation.

Where our SWIFT data comes from

The directory on GoldexPay draws on public sources and is updated regularly. Banks reorganise, change names and change codes. The figures on this page are based on our own data and not on information from First Bank of Nigeria LTD itself.

Treat this page as a starting point, rather than as the final word – the bank details from the recipient are leading. GoldexPay is independent of First Bank of Nigeria LTD; we are a comparison site for money transfers. If you notice a mistake, we appreciate a message via the contact page.

Transfer times and tracking a payment to First Bank of Nigeria LTD

How quickly a transfer reaches First Bank of Nigeria LTD depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Weekends and public holidays in the sending or receiving country add extra days to the journey. Compliance checks by one of the banks may also cause some delay, even when all details are correct.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often provide a status in their app so you can see how far the money has got.

A delayed transfer has to be investigated from the sending side. On the receiving end, you can look at your statements for a slightly lower amount.

Changed bank details? Be careful

Be alert if a contact suddenly asks you to pay into another account. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Check new bank details via a separate channel like a call to a number from an earlier contract, not by replying to the message. Urgency or requests to keep it quiet tend to be warning signs. When a payment was sent to the wrong account, call your bank right away.

Scams can also target the receiver: someone sends too much and asks you to return the difference to a new account. A payment confirmation from the sender proves nothing – check your own account.

International transfers from First Bank of Nigeria LTD: the real cost

A bank transfer abroad can cost more than the fee suggests. On top of the transfer fee, banks in between can deduct a fee, and if currencies are converted the bank often applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. Check their rate against the mid-market rate.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. Before your next transfer, it is worth to compare what arrives on GoldexPay instead of going straight to your bank. You can still keep your account at First Bank of Nigeria LTD.

Choosing between the 2 SWIFT codes of First Bank of Nigeria LTD

First Bank of Nigeria LTD has 2 separate SWIFT/BIC codes. Only one is the head office code, FBNINGLAXXX; the rest identify branches.

In most cases there is no need to pick a branch: transfers sent to FBNINGLAXXX reach First Bank of Nigeria LTD correctly. Branch codes are only needed if the account holder explicitly mentions it, which is more common for business accounts and trade services.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes are sometimes changed or retired over time, so do not rely on old paperwork.