How to Open a Bank Account in Nigeria As a Foreigner
Nigeria is the largest country in Africa in terms of population and nominal Gross Domestic Product, GDP; hence it is unassuming that Nigeria host some of the most formidable financial institutions in Africa. The new generation of Nigerian banks led by Access, GTB and Zenith, are emerging as dynamic players in regional markets. The Nigerian financial system has indeed metamorphosed and revolutionized due to the increasing use of digital technology. Some of the latest trends in this sector include digitization, mobile and SMS banking, payment services, artificial intelligence or chatbots for customer services, fintech companies and digital-only banks. These have ensured that these banks continually be on their toes in terms of competition and of course more efficient. In a publication by African Business - "Africa's Top 100 Banks 2020: West Africa and Central Africa", Nigeria's Zenith Bank stays as a top performer; Access Bank won Banker of the Year at the African Ban