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…
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…
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…
Help protect yourself and your information with these quick and easy tips. Banks pride themselves on protecting their customers’ accounts and information, whether at a branch or using a mobile…
It is a rare occurrence, but a very frustrating one: When bank customers use an Automated Teller Machine to make a cash withdrawal, they may not receive all, or any,…
You may think the balance you get at the ATM is the most up-to-date representation of your available funds, but that is not always the case. Here are reasons, according…
There are many tried and true ways of saving money each month. Every day, put all of your loose change into a jar. Every once in a while, deposit the…
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…
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…
