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Banking

Ecobank Launches Money Transfer Via WhatsApp, SMS or Email

Ecobank Nigeria has launched a feature that allow its customers to transfer money via email, SMS and Whatsapp – which are new features available on the bank’s Mobile App. Ecobank customers can now transfer cash without the beneficiary’s…

Crypto Ban: Senate Summons CBN Governor, SEC DG

The Nigerian Senate on Thursday directed the the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to appear before its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes, and Capital Market to…

CBN Bans Banks From Cryptocurrency Business

The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions against having any transactions in crypto or facilitating…

Access Bank launches digital payment platform for MSMEs

Access Bank Plc has launched an online payment acceptance service platform called Swiftpay. The platform is designed to help its Micro, Small and Medium scale Enterprises (MSMEs) customers to build scale, transition and participate actively…

CBN Shuts Down 42 Microfinance Banks (See Full List)

The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks in the country. The report was made public on Friday in a statement titled "Notice of closure of 42 microfinance banks", by the Nigeria Deposit…

GTBank Name The 2020 Best Digital Bank in Nigeria

Guaranty Trust Bank (popularly known as GTBank) has been named the 2020 best digital bank in Nigeria in a survey conducted by Augusto & Co., a research and credit rating agency. According to the research firm, the lender ranked the…

Zenith Bank Master Card Gets US$100 Spend Limit Per Month

Lately, some users woke up to find limitation placed on their GTbank Naira Master Card for purchasing things online from international sites using. This is due to the spend limits of $100 placed on the card per month. Other banks are…

How To Block Your Bank ATM Card If Stolen or Misplaced

There has been a lot of complains regarding the lost of ATM cards and as a result, users lost their money to fraudsters. Well, in this article, you are going to learn how to block any ATM Card in Nigeria if stolen or lost or misplaced…

Ecobank Launches Virtual Card for Online Payments

Ecobank virtual card is a digital payment solution for online payments, integrated into its digital banking channel, Ecobank Mobile. The virtual card followed the recent update that was rolled out for the Ecobank Mobile app which is…