KDHLNGLA11-character variant (head office):
KDHLNGLAXXXWhether funds come from abroad or another local account, here's how to receive — and what it costs.
Sender uses KDHLNGLA + your account number.
Sender uses Wise, LemFi, or Sendwave to deposit into your account.
Receive into OPay, then move to FBNQuest Merchant Bank if needed.
Nigerian banks use a 10-digit NUBAN account number; transfers between banks settle in seconds over NIBSS Instant Payment (NIP).
Money in a Nigerian bank account can move to OPay, PalmPay, Moniepoint, or MoMo PSB wallets instantly via NIP, and back again.
Rail operator: nibss-plc.com.ng
When you actually need a SWIFT code: only for receiving money from another country. NIP handles every domestic nigeria bank-to-bank, bank-to-wallet, and wallet-to-bank transfer at near-instant speed. If the sender is in the same country, SWIFT isn't involved at all — they just need your nuban or phone number.
For inbound international flows, NIP also matters: most modern remittance operators (Wise, Sendwave, LemFi, WorldRemit, TapTap Send) terminate their payouts via this rail rather than via correspondent SWIFT relationships. That's how they deliver in minutes instead of days — and why their all-in cost can be a fraction of a classic SWIFT wire.
Cash pickup is the fourth node in the receiving graph: Western Union, MoneyGram, Ria, RemitOne. These remain expensive but are the only option in some last-mile situations (no bank account, no wallet, urgent cash need). Mobile money cash-out via an agent network is increasingly the cheaper alternative — see our country mobile-money fee page for current cash-out rates.
One practical tip: if you're expecting a payment from abroad, ask the sender to choose the destination based on speed and amount. Small frequent payments below US$1,000 are almost always cheaper via a remittance app to your wallet. Mid-size payments (US$1,000–10,000) work well to your bank account via the same apps. Genuinely large payments (above US$50,000) are usually only practical via a SWIFT wire, even though they're the most expensive per dollar at that band.
| Bank code | Country | Location |
|---|---|---|
| KDHL | NG | LA |
| FBNQuest Merchant Bank | NG (Nigeria) | Lagos |
An 11-character variant like KDHLNGLAXXX also indicates the head office — the trailing 'XXX' is the default. Codes ending in different sequences (e.g. 'KDHLNGLA001') refer to specific branches.
Check any SWIFT/BIC code is correctly formatted before a transfer.
vs NGN (Nigerian Naira)
FBNQuest Merchant Bank Limited is the merchant-banking arm of FBN Holdings (First Bank of Nigeria Group). The SWIFT code KDHLNGLA is a legacy carry-over from the predecessor entity Kakawa Discount House Limited (KDHL); it remains the canonical primary BIC and does not visually match the FBNQuest name. Headquartered on Keffi Street, off Awolowo Road, Ikoyi, Lagos.
10 Keffi Street, Off Awolowo Road, Ikoyi, Lagos
Map centred on Lagos. Click "View on OpenStreetMap" below for precise location.
FBNQuest Merchant Bank Limited's SWIFT/BIC code is KDHLNGLA. You only need it for receiving an INTERNATIONAL wire (from another country). For transfers from another Nigeria account, you just use your account number plus the domestic rail (NIP).
Yes. Operators like WorldRemit, Sendwave, Afriex, and Flutterwave Send let a sender abroad deposit directly into OPay without going through your FBNQuest Merchant Bank account. It's usually faster and cheaper than a SWIFT wire for smaller amounts. You can then move funds to FBNQuest Merchant Bank via NIP if needed.
Via NIBSS Instant Payment (NIP), which interconnects banks and wallets in real time. From the FBNQuest Merchant Bank app: add OPay as a beneficiary with your phone number, and the transfer arrives instantly. See our Nigeria mobile money fees page for the exact cost.
For amounts under ~US$5,000, a remittance app (Wise, LemFi, Sendwave) depositing direct to your FBNQuest Merchant Bank account is almost always cheaper than a classic SWIFT wire — lower fees and a rate closer to mid-market. For larger amounts, compare SWIFT vs app on our Nigeria inbound corridor comparison.
Yes. FBNQuest Merchant Bank is connected to NIBSS Instant Payment (NIP), which enables near-instant transfers to other Nigeria banks and to mobile money wallets (OPay, PalmPay, Moniepoint). This is the infrastructure remittance apps use behind the scenes to deliver in real time.
Source: FBNQuest Merchant Bank's official website + Wise SWIFT directory. Last verified: 2026-06-08. SWIFT codes change rarely but always confirm with your bank before initiating a transfer. Educational only — not financial advice.