Revised Agent Banking Regulation – Explained Simply
The Central Bank of Nigeria (CBN) has updated the rules guiding agent banking (POS operators and other bank agents) to make financial services safer, more reliable and accessible. The changes…
Banking Operations and Innovations in Nigeria: A Case Study of Fintech Companies (Opay)
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…
Global Standing Instruction & Loan Recovery in Nigeria
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…
A Smart Shield for Consumers in Distress: Why Nigerian Banks Must Innovate Beyond PINs
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…
Consumer Protection During Nigerian Bank System Upgrades: 5 Key Tips
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…
How Higher Interest Rates Affect Your Wallet: What You Need to Know!
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…
How A POS Agent Can Defraud You
When you get to a fraudster POS agent. He will tell you there is no Network on his POS. *He will ask you to let him use his phone to…
Choosing the best bank accounts for the elderly
Whether you are looking for a new current account for yourself or a loved one, checking accounts for senior citizens are sometimes different than other accounts. However, just because it…
How to link multiple bank accounts
Money is more or less electronic these days, so why not make things easy for yourself? By linking your bank account to other accounts at the same bank or even…
How To Protect yourself from pinless debit card fraud
When Automated Teller Machines (ATM) was first introduced, you could only access the money in your bank accounts with a PIN i.e a four digit number unique to every debit…
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