Pryme
Sign up
Pryme Personal

Money with a heartbeat.

Meet Eva, the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals and follows up. Nothing leaves your account without your approval.

Meet Eva, the assistant inside the Pryme app. She holds dollars, pounds, euros and Naira side by side, swaps at a locked rate, pays bills in any of them and sends anywhere, asking before anything moves.

HomeEvery currency, every Box and every card on one screen.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Savings BoxesFlexible, Fixed, Investment and Interest-free, side by side.
Create a BoxPick the type, name the goal. Eva works out what to move, and when.
LoansSpaces credit and Salary Advance. Draw only what you need.
Invite friendsThree friends, ₦50,000 each, and ₦20,000 lands with you.
YouEva’s voice, your plan, your address and every security control.
Duress signalA word that looks normal on screen while your people are alerted.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Swap at the live rateOr name the rate you want and she swaps the moment it lands.
One card, every currencySpend from whichever balance suits, and freeze it from the app.
What Eva may do without askingStanding permissions, a voice, and a record of every rule you have given her.
Receipts anyone can verifyRegular or certified statements, e-signed and checkable by whoever receives them.
Open a personal account How we keep your money safe
Pryme app: Home
Pryme app: Chat with Eva
Pryme app: Savings Boxes
Pryme app: Create a Box
Pryme app: Loans
Pryme app: Invite friends
Pryme app: You
Pryme app: Duress signal
Pryme app: Chat with Eva
Pryme app: Swap at the live rate
Pryme app: Multicurrency card
Pryme app: What Eva may do without asking
Pryme app: Receipts and statements
MoneyAgentsApprovalAgentsEvery currencyYour approval

Open an account. Get money to spend.

Global money. Intelligent growth.

We give you a limit to spend at the shops and services you already use — and an account that works on your month while you get on with it. Dollars, pounds and euros sit beside your Naira, and an assistant handles the running of it, asking you first every single time.

One global account for your money and business. Move across currencies, automate everyday operations and put AI agents to work — with you in control of every important decision.

Open Personal or Business Account Already with us? Log in
Open a Business account Download the app for Personal Open an account from anywhere
Pryme app home: every currency on one balance
Personal · the app in your hand
Salary landed₦920,000 from John Doe Ltd · Naira account
Done
Move ₦100,000 to your Rent Box?Keeps ₦127.9m liquid · earns 18% p.a.
Approve
Paid Ikeja Electric₦18,400 · token sent by SMS
Done
Swap $200 → ₦310,000?Rate locked at ₦1,550 for 30 s
Approve
Held a ₦150,000 transferNew payee · unusual hour · needs you
Review
Received $2,400From a client · USD account
Done
Swap $200 → £—?Rate locked for 30 s
Approve
Paid the light bill at home₦18,400 · Ikeja Electric
Done
Keep $1,000 liquid, save the rest?$1,400 → Flexible Box
Approve
Held a £2,000 transferNew payee · needs you
Review
Eva is live
500,000+customers, personal and businessScan to get the app
Get the appScan with your phone camera
Regulated partnersEvery currency held with a licensed institution in its market
Solid AllianzeCBNNDIC
Scan to get the app
Get the appScan with your phone camera
Instant settlementOur own core ledger: swaps land at once, every receipt verifiableScan to get the app
Get the appScan with your phone camera
Agents with a mandatePowered by Pryme Intelligence. Nothing moves without youFlip
Pryme Intelligence
Eva, the assistant that runs a Pryme accountEvayour assistant
The Chief of Staff agent on a Pryme Business AccountDanielChief of Staff
The Finance agent on a Pryme Business AccountBenFinance
PrymeBruceCare
Inside a mandate you write. Every action logged.
Multi-currency30 currencies on one balanceFlip
Locked rates30 s
🇺🇸 1 USD—
🇬🇧 1 GBP—
🇪🇺 1 EUR—
The rate you see is the rate you get.
10 years2016 to today, one trunkScan to get the app
Get the appScan with your phone camera
Business Account

Open an account. Get customers.

Your competitor down the road sells the same thing you sell. The difference is who walks in. We put money in people’s hands that can only be spent in businesses like yours — and then we point them at you.

The Pryme Business home page: three currency balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into
Spaces · Nigeria

We hand the customer the money. It can only be spent with you.

You are not borrowing. You are selling to somebody who already has the money — and that money can only be spent with a business like yours.

The business · Pryme Business
johndoe.mypryme.com · Spaces

Spaces Showing 30 days

Spaces is onshoppers near you can see your shop
Spaces brought you · 30 days ₦2,578,550.00 104 sales from 71 shoppers ▼ 4% on the period before
Where the money came from
91% shoppers who had been in before 9% first visit to your shop
21 of 71 came back more than once Average basket ₦24,793.75 Biggest shopper ₦142,300.00
24 Jul returningnew to you 22 Aug
Money on its way to you confirmed at the counter · on its way to your Naira account
Confirmed at the counter ₦47,150.002 sales today · final the moment they paid
Sales of 23 Aug₦90,9503 sales · confirmed
Sales of 24 Aug₦196,2005 sales · confirmed
Sales of 25 Aug₦47,1502 sales · confirmed
nothing for you to do · it arrives on its own
Lands in your NGN account ₦334,300.0010 sales in flight
The shopper · Pryme app
4:34
‹
BorrowLoans
SpacesSalary Advance
Spaces credit₦21,450 available
Repay ₦78,550
₦78,550 in use₦100,000 limit
Hold 25% · repay 2 more early to drop to 20%

₦100,000 from day one · agreement v2.1 · 12 Aug · View

Near youCategories 9Your loans 9
🛒Grocery / Retail4 places
🍽Eateries / Restaurants4 places
💊Pharmacies3 places
🎬Movies & Cinema3 places
🚌Transport3 places
💇Spa’s & Saloons3 places
Say “Hey Pryme”🎤
HomeBoxes CardsYou
Freeto join, nothing monthly. You are in the app the day you switch it on.
You get paidthe sale settles into your Naira account. Nobody to chase.
Zero riskwe carry the credit, whether or not the shopper repays us.
You growfaces that had never been to your shop — and most come back on their own.
The account

One account. Every currency you trade in.

Pryme Business4 currencies · one ledger
Base
₦127,328,879.23NGN · Nigerian Naira
$1,240.00USD · US Dollar
£480.00GBP · Pound Sterling
€310.00EUR · Euro
  • A named Naira account with Solid Allianze MFB — NDIC insured, your business name on it.
  • Real details abroad. A US account number, a UK sort code, an IBAN for the euro area.
  • Every currency has its own statement — regular or certified, with a code anyone can verify.
Swapping · in the app
4:34
‹···
Current account · NGN ₦127,328,879.23
SwapBoth balances move at once, on one ledger
Fill it inAsk Eva
$1 = ₦1,650.00
FromNGN ▾
250,000Available ₦127,328,879.23
ToUSD ▾
151.52after swap $1,391.52
Rate$1 = ₦1,650.00
Fee—
You get$151.52
NowWhen it hits

Eva waits for your rate and asks before she moves anything.

Target rate
$1 =1,585.00₦
Set the watch
Pryme Pay

Take money on your site, or on a checkout of your own.

No card, no OTP, nothing for the buyer to type in. They transfer from the bank app they already use, and the money lands in the same account your agents are running — already matched to the order, already in your books.

Pay from your bank app

We give the buyer a one-time account number. They transfer to it from any bank app or by USSD — no card, no OTP, nothing to type in.

Get the account number
  • Card details are never asked for, so they cannot leak.
  • The account is used once, then it closes.
  • Held with a licensed bank, insured by the NDIC.
Transfer exactly this amount

To this account, from any bank app. We watch it, and the page updates itself.

Send exactly₦26,767.50Copy
BankSolid Allianze MFB
Account number0000 000 000Copy
Account namePRYME / JOHNDOE‑ORD1042
Watching the account — nobody has to confirm anything.
Payment received

₦26,767.50 from GTBank · John D., matched to order ORD‑1042.

OrderORD-1042
Settled intoJohn Doe Trading Ltd · Naira account 0000 000 000
Receiptsent to the buyer
Get your receiptRun it again
Your checkout, your brand.On the site you already have, in your colours, on your own domain — or on a page we host for you.
A link for anything you sell.One price, one buyer, one link — sent on WhatsApp, Instagram or email, and paid the same way.
It lands already reconciled.Matched to the order, receipt issued, and in your books before you have looked at it.
Business Account

A team you did not have to hire.

Five agents come with the account. Each one has a job description, a budget and a ceiling you set. They do the work and bring it to you — nothing leaves the account without your signature.

CS Chief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised — and keeps all three moving.

Booked a meeting with John Doe Foods for Thursday 11:00.
FI Finance Watches the money

Keeps the books as you trade and tells you the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SA Sales Chases what is owed

Goes back to the buyers who went quiet, with the receipt already attached.

Recovered ₦410,000 across three overdue invoices.
SU Customer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Build on Pryme

Our rails, under your product.

Issue a dedicated Naira account number to each of your own customers, collect into it and reconcile against it. The same rails the Business Account runs on, with the licence behind them.

Read the API
Pryme Business

One business account. Every currency you trade in.

Dollars, pounds and euros beside a Naira account, on one ledger and one set of books. Five agents come with it and run the account — nothing leaves without your signature.

The Pryme Business home page: Naira, dollar and pound balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into

A team you did not have to hire

Five agents come with the account. Each has a job description, a budget and a ceiling you set. They do the work and bring it to you — they propose, you approve.

CSChief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised, and keeps all three moving.

Booked the quarterly review with your auditor for Thursday.
FIFinance Watches the money

Keeps the books in every currency you hold and flags the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SASales Chases what is owed

Goes back to the buyers who went quiet, with the invoice and the receipt already attached.

Recovered $12,400 across three overdue invoices.
SUCustomer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Open a business account

Ten years, one trunk

The business has changed shape four times and never changed what it was rooted in. Each version was built out of what the last one could not do.

2016E-commerce

An online grocery store, built out of a faulty tab. Selling the food was the easy part — taking the money for it, and moving it, turned out to be the business.

2018OjirehPrime Card

A prepaid card. The first time the company issued rather than resold, and the first time it carried the obligations that come with holding somebody else’s money.

2020Microfinance bank

PrymeSolid Allianze acquired — an existing bank with an existing licence. The perimeter stopped being someone else’s to draw.

2023Multicurrency

More than one currency on one balance, and the rebrand to Pryme. A Nigerian business could hold dollars without holding a second institution.

2026Agentic operations

Accounts that do the work rather than only hold value. Five agents on the account, inside a policy you write — which is where the new mark starts.

Questions

The things people ask us first.

What is Pryme?

Pryme is a financial technology company. It gives people and businesses in Nigeria one account that holds Naira alongside dollars, pounds and euros, and a set of agents that do the running of it — keeping the books, chasing what is owed, answering customers and paying bills. Nothing leaves an account without the owner’s approval.

Can I hold dollars, pounds and euros in a Pryme account?

Yes. A Pryme account holds Naira, US dollars, pounds sterling and euros side by side on one ledger, each with its own account details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area. You can swap between them at a rate you set, and every currency has its own statement.

What is Spaces?

Spaces is available in Nigeria. It gives a shopper money to spend that can only be spent with a participating business. The business is paid into its Naira account whether or not the shopper repays, because Pryme carries the credit. For the business it is free to join, there is nothing monthly, and the customer’s identity is never shown — only a reference and what it is worth.

What do the agents on a Pryme Business Account do?

Five agents come with the account. The Chief of Staff runs the week and keeps what is stuck moving. Finance watches the money and keeps the books as you trade. Compliance keeps the filings on time and screens what moves. Sales chases what you are owed. Customer Support answers your customers and follows up. Each has a job description, a budget and a ceiling you set, and each one proposes rather than acts — nothing leaves the account without your signature.

How does Pryme Pay work?

Pryme Pay takes payments on your own site or on a checkout page you control. The buyer is given a one-time account number and transfers to it from any bank app or by USSD — no card, no OTP, nothing to type in. The money lands in the same account your agents are running, already matched to the order and already in your books.

What are Savings Boxes?

Savings Boxes are separate pots inside a Pryme account, held in Naira. Flexible Boxes can be withdrawn at any time, Fixed Boxes hold to a date, Investment Boxes hold for longer, and Interest-free Boxes earn nothing by design. A business can use them to ring-fence payroll and the tax it withholds, so that money cannot be spent by accident.

Who holds my money, and is it protected?

Pryme is a financial technology company, not a bank. Accounts and deposits are provided by Solid Allianze Microfinance Bank Limited, which is licensed by the Central Bank of Nigeria and is a member of the Nigeria Deposit Insurance Corporation.

Can I build on Pryme?

Yes. Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

What is Pryme?

Pryme is a financial technology company. It gives you one account that holds US dollars, pounds sterling and euros beside Naira, with an assistant that runs the account for you and asks before anything moves. Accounts are provided in Nigeria today, and further markets open as each licence lands.

Can I open a Pryme account from outside Nigeria?

Accounts are provided in Nigeria today, subject to verification and approval. Foreign-currency balances are held and converted inside that account, so you can hold, receive and swap dollars, pounds and euros wherever you are.

Which currencies can I hold with Pryme?

Naira, US dollars, pounds sterling and euros, side by side on one ledger. Each has its own details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area — and each has its own statement.

How do I send money to Nigeria with Pryme?

Swap at a rate you set rather than the rate of the day, then send to any Pryme username or to a Nigerian bank account. There is no fee to send to another Pryme account.

What does the assistant do?

Eva is the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals, pays what is due and follows up what is owed to you — and asks you before anything moves.

What is Pryme Rails?

Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

The Ledger

Notes on money that does the work: what we are building, what the regulation actually says, and how we think about letting software act on money. Read the Ledger

Scroll for more
Home · The Ledger · Trade with Nigeria
All diaspora

Appointing a distributor in Nigeria: key agreement terms

Territory, exclusivity, payment, regulatory duties and termination: the clauses to settle before a foreign brand appoints a Nigerian distributor.

PE
Pryme editorialDiaspora desk, trade · 24 Oct 2026 · 7 min read
The short answer

A Nigerian distribution agreement should state the territory and whether rights are exclusive, sole or non-exclusive, tie any exclusivity to written sales targets, set prices, payment dates and credit limits, say when ownership and risk pass, and give clear termination rights with a buy-back or sell-off rule for stock. Exclusive arrangements must comply with the Federal Competition and Consumer Protection Act, and the brand owner should keep control of its trademark and NAFDAC registrations.

A distributor buys your goods and resells them in its own name. That is the key difference from an agent, who sells on your behalf for a commission (see the pitfalls of a sole agent). LawCare Nigeria's April 2026 guide describes distribution as the usual route where the supplier has no presence in the market. For a diaspora founder with a food, beauty or consumer brand made abroad, it is often the first real step into Nigeria. The agreement decides how much of that market you still control later.

Territory and exclusivity

The LawCare guide sets out three models:

ModelWhat it meansWho carries the risk
ExclusiveOne distributor has sole rights in a territory or customer group; you agree not to appoint others thereYou, if the distributor underperforms and you cannot appoint anyone else
SoleOne distributor is appointed, but you may still sell directly in the territoryShared; the distributor competes with you
Non-exclusiveYou may appoint others and sell directlyThe distributor, who may invest less as a result

Define the territory exactly. "Nigeria" is clear. "South-West" or "Lagos and environs" will be argued about. If online sales, supermarket chains or government buyers are carved out, say so. The guide warns that exclusive arrangements "must comply with the Federal Competition and Consumer Protection Act". Have a Nigerian lawyer check any clause that fixes resale prices or bars the distributor from selling outside its area.

Price, payment and risk

  • Pricing. State the price list, the currency, how often you may change it and how much notice you give. With the naira moving, say whether prices are fixed in naira or in your currency, and who carries the exchange difference between order and payment.
  • Payment terms. Set the due date, any credit limit and the consequence of late payment (interest, suspension of supply). Until you know the distributor, payment before shipment or against documents is safer than open account (see advance payment or credit for Nigerian buyers).
  • Risk and title. The guide recommends stating when ownership and risk pass and who pays for transport, storage and insurance. Tie this to an Incoterms rule so it matches your shipping documents (see Incoterms explained).
  • Import paperwork. If the distributor imports, it needs Form M and the clearances for your product. Say who arranges SONCAP or NAFDAC documents and who pays for them.

Regulatory duties and your brand

LawCare lists NAFDAC, the Standards Organisation of Nigeria, Nigeria Customs and the FCCPC as bodies whose rules the agreement should require both sides to follow. Two points matter most to a foreign brand owner.

Trademarks

The FCDO's Overseas Business Risk guide for Nigeria notes that intellectual property is registered through Nigeria's Trademarks, Patents and Designs Registry and that enforcement can be difficult. A UK or US registration does not protect you in Nigeria. Register the mark in your own company's name before you appoint anyone, and let the distributor use it only under the agreement. The guide also recommends banning unauthorised repackaging, alteration or rebranding.

NAFDAC registration

NAFDAC's guideline for imported food requires a power of attorney from the manufacturer, notarised in the country of manufacture, valid for at least five years and stating who owns the brand. It also requires an invitation for a factory inspection that names the Nigerian local agent. Decide in the contract who holds the registration, and require it to be transferred or cancelled when the agreement ends. Otherwise your next partner may be unable to import your product.

Termination and disputes

  • Grounds. Breach, insolvency and missed targets, each with a notice period and a chance to fix the breach where that is reasonable.
  • After termination. The guide recommends settling outstanding payments and dealing with unsold stock, either by buy-back at a set price or a short sell-off period. Add the return of marketing materials, customer lists you paid for, and the NAFDAC and trademark steps above.
  • Confidentiality and non-compete. Nigeria has no stand-alone trade secrets statute, according to a 2023 Mondaq note by Chris Ogunbanjo LP. Protection comes from contract terms, and courts judge restrictive covenants case by case for reasonableness. Keep any post-termination restriction narrow in time and scope.
  • Governing law and forum. LawCare notes that many Nigerian commercial contracts use mediation or arbitration. Nigeria acceded to the New York Convention on foreign arbitral awards in 1970, according to UNCITRAL's status table, which matters if you choose arbitration abroad and need to enforce an award in Nigeria.

Before you sign

  1. Check the distributor's company on the CAC register and confirm who its directors are (how CAC registration works).
  2. Register your trademark in Nigeria in your own name.
  3. Agree the territory, model and targets in writing.
  4. Settle who holds NAFDAC or SON approvals and what happens to them at the end.
  5. Have a Nigerian lawyer review the draft. This guide is information, not legal advice.

Where Pryme fits

A distributor pays in naira, and you may hold costs in pounds or dollars. A Pryme Business Account can be opened from abroad and receive NGN alongside GBP, USD and EUR. Money stays in the currency it arrived in until you choose to Swap it, with the rate and fee shown before you approve. Invoicing keeps distributor statements in one place.

Questions people ask

What is the difference between a distributor and an agent in Nigeria?

A distributor buys the goods and resells them in its own name. An agent does not buy the goods; it represents the supplier and earns a commission, sometimes contracting in the supplier's name.

Is an exclusive distribution agreement legal in Nigeria?

Exclusive arrangements are used, but they must comply with the Federal Competition and Consumer Protection Act. Have a Nigerian lawyer check territorial and pricing restrictions.

Who should own the NAFDAC registration, the brand owner or the distributor?

The contract should say. NAFDAC's imported food guideline requires a power of attorney from the manufacturer and names a local agent, so agree who holds the registration and how it is transferred when the deal ends.

Does my UK or US trademark protect my brand in Nigeria?

No. Register the mark with Nigeria's Trademarks, Patents and Designs Registry in your own name before appointing a distributor.

Sources

  1. Agency and Distribution Agreements in Nigeria: What You Need to Know (LawCare Nigeria, 21 Apr 2026) · accessed Oct 2026
  2. Guidelines for Registration of Imported Food Products in Nigeria (NAFDAC, effective 1 Mar 2021) · accessed Oct 2026
  3. Overseas Business Risk: Nigeria (FCDO, 3 Jul 2023) · accessed Oct 2026
  4. Musk vs Zuckerberg: trade secrets and confidentiality, the Nigerian perspective (Mondaq, Chris Ogunbanjo LP, 29 Aug 2023) · accessed Oct 2026
  5. Status: Convention on the Recognition and Enforcement of Foreign Arbitral Awards (UNCITRAL) · accessed Oct 2026

This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.

More on Trade with Nigeria

All diaspora

Shipping donated goods to Nigeria: duty waivers

How charities, churches and NGOs abroad apply to the Federal Ministry of Finance for a duty waiver on donated goods, and what still has to be cleared.

PEPryme editorial · Diaspora desk, trade24 Oct 2026 · 7 min
All diaspora

Selling products made in Nigeria to order: lead times and quality

How to plan lead times, run quality checks and structure payments when Nigerian makers fulfil the orders you take from customers abroad.

PEPryme editorial · Diaspora desk, trade24 Oct 2026 · 4 min
All diaspora

Export Expansion Grant: which Nigerian exporters qualify

Who qualifies for NEPC's Export Expansion Grant, what it requires, how its credit certificates work, and why buyers abroad keep hearing about it.

PEPryme editorial · Diaspora trade desk24 Oct 2026 · 4 min