How to Open a Business Bank Account in Nigeria

If you have a registered business in Nigeria and you want to be seen as a serious business person by clients and investors, then you must have a business bank account otherwise known as corporate account. I won’t be telling you which bank to open a business account or not because they all can do that. But what might interest you is that different banks have different and slightly different process of for opening a business account with them. So you can go ahead and open with any bank and be rest assured that it is safe and secured. If you want your business or company consummated into the Nigeria then you need a company bank account. So I will be give it the guide for foreigners on how to open a business/corporate account in Nigeria which also includes the requirements.

The Benefits of Opening a Corporate Business Account in Nigeria

Registering your business account in Nigeria had allot of advantage and some of them happens to be the fact that it will be easier for you to maintain a healthy cash flow. You will be able to work through the tax liability process for either the month, quarterly or yearly. Below are the major reasons why you should open a business account in Nigeria.
A Guide for Business Name Registration in Nigeria

1. Professionalism

having your own business account, sure has allot to do with your company outlook and appearance. As a business owner, you always want your business to maintain a professional outlook and this is one way to make that happen. By keeping your business finances in a corporate account by opening a corporate bank account, this will altogether help you enhance your image of professionalism. For full details, click here

Obynolee:


I think I agree with you, Sterling bank surprised me last year when they asked people to come and collect loan without collateral (specta),it was then that I opened an account with them( i was never their customer),and I was qualified for 2 million naira,within 10 minutes the money was in my account and the payment plan is wow!.The interest rate on the 2m is less than 300k.This is the help non of my numerous banks for decades couldn't render. Sterling bank is my first bank pls.

Boss, Do you still use sterling?please how is their service now?

Shakitibob0:
Boss, Do you still use sterling?please how is their service now?

Very OK, they are number one as far as I am consign

Obynolee:



Very OK, they are number one as far as I am consign

Wow....

They still offer loan support as usual?

Shakitibob0:
Wow....

They still offer loan support as usual?

Yes

Obynolee:



Yes

Obynolee....

please what's the name of the account you have with them?

One of their marketers has scheduled a meeting with me today

Shakitibob0:
Obynolee....

please what's the name of the account you have with them?

One of their marketers has scheduled a meeting with me today

The very first time I did it I was not having an account with them,I used statement from my GTB to get 2m,the money has to be disbursed into their current account, so,I opened an accounts for the disbursement of the loan.
Visit: www.myspecta.com.
It's simple.

Let's update this thread, it's 2022 now...