Insights
Insights
Background on how Nigerian payments, account checks and regulatory approvals work, with links to the official sources.
- CBN Approval-in-Principle vs a final licence: what customers should checkAn Approval-in-Principle (AIP) is a conditional, interim approval, not a final unrestricted licence. Learn what AIP, company incorporation, data-protection and AML registrations each mean, and how to check them at official sources.Read →
- Why Nigerian bank transfers show the account name before you payNigerian instant interbank transfers support an account-name lookup (Name Enquiry) before payment. Learn what it is for, why names sometimes differ, and when to stop a payment.Read →
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