Every Nigerian has the right to operate a domiciliary account, even while he or she is in Nigeria and it is recommended for those who engage on international business or need it for one reason or the other.

A domiciliary account is held locally and is different from other foreign bank accounts, which is normally held by foreign banks outside the shores of Nigeria.

The information written here is aimed at giving general guidance on how to open a domiciliary bank account in Nigerian banks and also why you need to afford yourself one.

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