Marketing, creative, and digital agencies in Nigeria usually run a naira current account for local billing and salaries, and often add a domiciliary account or a foreign receiving service for overseas client fees. Established banks such as Guaranty Trust Bank, Access Bank, and Zenith Bank cover the naira and domiciliary side, while a service such as Payoneer helps receive fees from clients and platforms abroad. Figures here are as of 16 February 2026.
Suits Agencies best
Depends on your client mix; an established bank for naira and a foreign receiving service for overseas fees.
Typical monthly fee
No fixed monthly fee at local banks; receiving and conversion fees apply on foreign payments
Non resident position
A business registered with the Corporate Affairs Commission is required. Non resident owners can be directors or signatories subject to identification and compliance checks. Verify with the provider.
Providers that fit
Three covered here
Fees and features as of 16 February 2026Last reviewed 16 February 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Agencies in Nigeria that invoice overseas clients usually pair a naira current account at an established bank with a domiciliary account or a foreign receiving service such as Payoneer for client fees from abroad. Weigh the domiciliary account funding rules against the receiving and conversion fees on a fintech service. Information as of 16 February 2026, not advice.
What Agencies in Nigeria need from a business account
Agencies bill clients in naira and often in foreign currency, manage project based cash flow, and run small teams that need cards and clear records. The usual priorities are a naira current account for day to day trading, a domiciliary account or foreign receiving service for overseas fees, simple transfers, and the ability to add signatories. Cash handling tends to matter less than for a retail business.
G
Guaranty Trust Bank
Corporate current and domiciliary accounts with branch and online access, though onboarding takes documents and time.
Best for
Agencies wanting naira and a domiciliary account
Monthly fee
No fixed monthly fee; account maintenance and transaction charges apply
The international providers we compare do not confirm a business account for companies resident in Nigeria as of 16 February 2026. The providers listed above serve this market: established Nigerian banks such as Guaranty Trust Bank, Access Bank, Zenith Bank, First Bank of Nigeria, and United Bank for Africa, alongside Nigerian payment and foreign receiving services where they fit this business type. Confirm current terms with each provider before applying.
Questions about banking for Agencies in Nigeria
Which account suits a marketing agency in Nigeria?
Many agencies pair a naira current account at an established bank such as Guaranty Trust Bank or Access Bank for local billing with a domiciliary account or a foreign receiving service such as Payoneer for overseas client fees. Compare the domiciliary funding rules against the receiving and conversion fees. Information as of 16 February 2026, not advice.
Can a Nigerian agency receive payments in US dollars or euros?
Yes. A domiciliary account at a Nigerian bank can hold US dollars, pounds, or euros, and services such as Payoneer or Grey provide foreign receiving accounts for client and platform fees. Funding rules and charges vary and change with regulation. As of 16 February 2026, confirm the current position with the provider.
What does an agency need to open a business account in Nigeria?
Agencies registered with the Corporate Affairs Commission need the registration documents, a tax identification number, a board or partnership resolution, and identification with a Bank Verification Number for each signatory. Requirements vary by bank. As of 16 February 2026, verify with the provider.
How much does an agency account cost?
Established Nigerian banks usually charge no fixed monthly fee but apply account maintenance and transaction charges, while foreign receiving services charge receiving and conversion fees rather than a monthly fee. As of 16 February 2026, confirm current pricing with each provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 16 February 2026. Confirm current terms with the provider before applying.