Dom Account - INFOMEDIANG

Requirements to Open a Domiciliary Account in Nigeria

March 28, 2024August 3, 2021 by Editorial Staff

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Domiciliary Account allows individuals, businesses and corporate organisations to receive and make payments in foreign currencies. The Central Bank of Nigeria (CBN) frowns at using such accounts for illicit activities. So, what are the benefits of having a domiciliary account in Nigeria? As such the apex bank issued a circular on the domiciliary account and … Read more

GTBank Domiciliary Account Holders Lament Over Inability to Withdraw or Make Transfer

February 2, 2021September 29, 2020 by Opeyemi Quadri

Until September 24, 2020, GTBank domiciliary account was the best in Nigeria, there is no gainsaying about that. But that seems to have changed following the present withdrawal issue being faced by dom account holders with the bank, they can neither make a transfer to another account or withdraw. UPDATE: Information we got from operators of … Read more