SBICNGLX11-character variant (head office):
SBICNGLXXXX| Bank code | Country | Location |
|---|---|---|
| SBIC | NG | LX |
| Stanbic IBTC | NG (Nigeria) | Lagos |
An 11-character variant like SBICNGLXXXX also indicates the head office — the trailing 'XXX' is the default. Codes ending in different sequences (e.g. 'SBICNGLX001') refer to specific branches.
Stanbic IBTC Bank is the Nigerian subsidiary of South Africa's Standard Bank Group, formed in 2007 when Standard Bank acquired IBTC Chartered Bank. As part of Africa's largest banking group by assets, Stanbic IBTC has deep correspondent-banking linkages across the Standard Bank network spanning 20 African markets plus key global centres. The Nigerian operation runs around 180 branches and is strong in investment banking, pension fund administration (via Stanbic IBTC Pension Managers), and asset management. The 8-character SWIFT code SBICNGLX uses the Standard Bank Group bank-code prefix SBIC and the location code LX, distinguishing it from the Stanbic group head office SWIFT in Johannesburg. The 11-character form is SBICNGLXXXX.
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SWIFT and BIC are two names for the same identifier: an 8 or 11-character code standardised by ISO 9362 that identifies a bank in the SWIFT payment network. For a wire to Stanbic IBTC, your sending bank needs this code (SBICNGLX) to route the payment message through correspondent banks to Stanbic IBTC Bank in Lagos.
An IBAN, by contrast, identifies a specific bank account — not the institution. IBANs are mandatory in the European Economic Area, the UK, most of the Middle East, and several African countries (but Nigeria does not use IBANs universally). For most wires to Nigeria, you will supply SWIFT code SBICNGLX + the recipient's account number, not an IBAN.
UK sort codes (6 digits) and US routing numbers (9 digits) are domestic-only equivalents — they do not work for international wires. If a US-based sender wants to wire to Stanbic IBTC, they need the SWIFT code, not the US routing number of the correspondent bank (although their bank may use the routing number internally to route their side of the wire).
One final technical detail on the 11-character form: the last three characters identify a specific branch. When they read 'XXX' (as in SBICNGLXXXX), they conventionally designate the head office itself. Most international wires use either the 8-character form or the 11-character form with XXX; unless your recipient explicitly tells you otherwise, that is the right choice.
Stanbic IBTC Bank's SWIFT/BIC code is SBICNGLX. This 8-character code identifies the bank's Lagos head office for international wire transfers.
Yes. SWIFT (Society for Worldwide Interbank Financial Telecommunication) and BIC (Business Identifier Code) are two names for the same 8 or 11-character identifier standardised by ISO 9362. You will see Stanbic IBTC's code referenced under either name on different financial platforms.
Yes. For an international wire to reach your Stanbic IBTC account, the sender needs SWIFT code SBICNGLX AND your account number. Some sending banks also request the recipient bank's full address (IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos).
Typically 1 to 5 business days. The timing depends on the intermediary (correspondent) banks between the sending bank and Stanbic IBTC. Wires from major global banks (HSBC, Barclays, JPMorgan, Citi) usually clear fastest.
For smaller amounts to Nigeria, operators such as Wise, LemFi, Sendwave, and TapTap Send typically offer a rate closer to mid-market and lower fees than a classic SWIFT bank wire. See our Nigeria inbound corridor comparison for side-by-side pricing.
Source: Stanbic IBTC's official website + Wise SWIFT directory. Last verified: 2026-06-04. SWIFT codes change rarely but always confirm with your bank before initiating a transfer. Educational only — not financial advice.