SWIFT Code BZINNGL1 — BZX INVESTMENTS LTD, ILESHA

About SWIFT Code BZINNGL1 — BZX INVESTMENTS LTD, ILESHA

SWIFT code BZINNGL1 is the official 8-character head-office BIC (Bank Identifier Code) for BZX INVESTMENTS LTD in ILESHA, Nigeria. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BZX INVESTMENTS LTD for all outward international remittances from ILESHA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BZINNGL1

The code BZINNGL1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BZINNGL1

Receiving International Wire Transfers

To receive money from abroad at your BZX INVESTMENTS LTD account in ILESHA, share SWIFT code BZINNGL1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BZX INVESTMENTS LTD, ILESHA must provide SWIFT code BZINNGL1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BZX INVESTMENTS LTD in ILESHA rely on SWIFT code BZINNGL1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BZX INVESTMENTS LTD →

For cheque clearing or NACH mandates, use the MICR code for BZX INVESTMENTS LTD →

For TDS challan deposits, find the BSR code for BZX INVESTMENTS LTD →

How SWIFT Code BZINNGL1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BZINNGL1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BZX INVESTMENTS LTD.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BZX INVESTMENTS LTD receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BZINNGL1

• Spaces or lowercase letters — Always enter BZINNGL1 uppercase with no spaces.
• Using the wrong city — This code is for ILESHA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Nigeria.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm BZINNGL1 directly with BZX INVESTMENTS LTD's ILESHA branch or via the SWIFT BIC Directory.