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…
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…
How to stay safe with mobile banking
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…
What to do if ATM does not dispense cash
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,…
Reasons an ATM balance may not always be accurate
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…
Strategies for saving money each month
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…
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…
What to do if your bank account is hacked
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…
Nigerians transfer N216bn via mobile devices in nine months
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,…
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