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The FAQ is dedicated to both presenting referenced answers to commonly asked question, as well as to dispel misinformation. It is worthy of note that the FAQ is not intended to be anl advice. Answers provided to reference questions are only intended to give you a very general understanding of what is involved in the referenced issue. If your questions are not listed please contact us directly.

The following is a list of frequently asked questions that are currently in our database:

  1. What is NIDA?
  2. Who qualifies to have a NIDA?
  3. What types of account?
  4. What documents do I need to open a NIDA?
  5. What is the minimum deposit required to open a NIDA?
  6. Can I open my account in Naira?
  7. Can I open my account in any currency?
  8. Can I secure a loan against my NIDA?
  9. Where can I apply for NIDA?
  10. Can I apply online?
  11. Where should I send my completed forms to?
  12. Can I mandate someone else to run my account?
  13. How can I fund my account?
  14. Can I access my NIDA online?
  15. Can I transfer funds between my accounts?
  16. Can I pay a person without a bank account?
  17. Can I send funds to my account abroad?
  18. How can I buy shares in the Nigerian stock market?
  19. do I buy a property in Nigeria?
  20. What are the documents required for Customer Information Update


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