Introduction Banking operations in Nigeria have evolved from the traditional brick-and-mortar model to include technology-driven solutions. While commercial banks like GTBank, Zenith and Access Bank dominate the sector, fintech companies…
The Global Standing Instruction (GSI) is a policy introduced by the Central Bank of Nigeria (CBN) to enhance loan recovery and promote financial stability. Official Circulars and GuidelinesOperational Guidelines on…
Imagine this: you’re being coerced at an ATM or POS by rogue officers or scammers and you’re forced to make a transfer. Right now, all your options feel like a…
As Nigerian banks undergo system upgrades to enhance their services, consumers may experience disruptions in banking operations. These upgrades, while essential for improved security and efficiency, can also present risks…
When the Central Bank of Nigeria (CBN) raises interest rates, it impacts everyone in different ways. Here’s a simple breakdown for consumers: 1. Higher Loan Costs When interest rates go…
Getting rid of the negative credit report information and catching up on past due bills is the best way to start rebuilding bad credit. To increase your score to a…
The Federal Inland Revenue Service (FIRS) says it will begin to impose value-added tax (VAT) on online transactions, both domestic and international, with effective from January 2020. Babatunde Fowler, FIRS…
Is online transaction safe today? It is a big question that has not only vanish the sleep of bankers and e-commerce consumers but has become the challenge for tech masters…
If you notice any strange or unusual activity on your bank statement, notify your bank immediately. Cyberattacks on banks happen every day but not to worry, most banks are well…
The value of transactions via mobile devices rose by 56 per cent in the first nine months of this year to N216bn from the 2017 figure of N138bn, as banks,…
