Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian’s regulations.
Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreign individuals seeking to register a new company in Nigeria would want to ascertain beforehand how difficult or easy it will be to open a bank account in Nigeria. It is a fact that any person or company with a functioning bank account can easily engage in commerce.
There two major requirements any foreigner seeking to open a bank in Nigeria must
In opening a bank account in Nigeria, the Nigerian nationals living abroad are not categorized as foreigners. The Nigerian citizens abroad have unfettered right to open any bank in Nigeria, provided they have acquired BVN.
By Corporate & Commercial Law Department at Resolution Law Firm. The Firm regularly assists foreign companies and individuals for the company registration and business setup in Nigeria The Firms also offers bank account opening and capital importation advisory services.
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