Banking

Now that almost all the Naira Mastercards in Nigeria are being suspended from supporting international online transactions, here is an option to carry out your transactions online without stress.  There are different ways you can do…

Just like Guarantee Trust bank and others have announced the suspension of their Mastercard for international transactions, Zenith bank has decided to also follow suite. The commercial bank has sent an email to all customers that its…

GTBank has finally released an unwanted piece of news for some of its customers who perform international transactions. This is not coming as a surprise as some other banks have ended transactions on Naira MasterCard since a couple of…

The Central Bank of Nigeria (CBN) on Wednesday, (December 21, 2022), announced the increase of the maximum weekly limit for cash withdrawals across all channels for individuals and corporate organisations. In a letter addressed to bank…

The Central Bank of Nigeria (CBN) has unveiled the security features of the new Naira notes. Many Nigerians have been asking a series of questions following the rollout of new naira notes with the consent of President Muhammadu Buhari.…

The Central Bank of Nigeria (CBN) has announced conditions attached to bulk withdrawal following the claims that its new policy was targeted at point-of-sales (PoS) operators. Recall that the apex bank on the 6th of December had fixed…

The Central Bank of Nigeria (CBN) has reportedly instructed commercial banks to take down serial numbers of new naira notes whenever it is withdrawn. According to Nairametrics, Operations staff of some of Nigeria’s commercial banks said…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele had on Tuesday confirmed that President Muhammadu Buhari will be unveiling the redesigned Naira notes on Wednesday, November 23, 2022. Emefiele disclosed this while…

The completion of the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL) has been officially announced by the Central Bank of Nigeria (CBN). The announcement was made in a statement on Thursday by CBN’s Director,…

Globacom has follow the likes of MTN MomoPSB and Airtel SmartCash, to launch its own payment service bank (PSB) called Money Master. Along with its PSB, it has also launched a new E-top up service. Just like its counterparts, the telecom…

The Central Bank of Nigeria (CBN) has unveiled the Unstructured Supplementary Service Data (USSD) code for its eNaira, indicating that Nigerians without internet-enabled phones can use eNaira for transactions. The decision by the apex…

Kuda Microfinance Bank will start charging N50 to all deposits of N10,000 or more made into customers’ Kuda account. In a mail by the bank to its customers, it said that this is in line with the Federal Government’s stamp duty act.…

Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022, retaining the award for a second consecutive year. The bank was also named as the Best Corporate Governance Bank, Nigeria in the…

The Central Bank of Nigeria (CBN) has directed all Banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. The apex stated this in a circular signed by the Director, Payments…

Recently, MTN entered full banking operation with the launch of MoMo PSB digital bank. The new service allows you easily open your own personal account in seconds, buy cards, data, and pay bills. In this article, you are going to learn…

The Central Bank of Nigeria (CBN) has debunked reports suggesting that it's planning to replace the Naira notes in circulation with digital currency, the eNaira in due course. Mr Osita Nwanisobi, CBN Director, Corporate Communication,…

Payments and digital loan firm OPay has announced a new partnership with Mastercard that will see it offer Mastercard’s virtual payment solution. The Partnership will enable OPay customers to pay on global online platforms backed by…

MoMo Payment Service Bank is a fully registered limited liability compony with Corporate Affairs Commission (CAC) and licensed by the Central Bank of Nigeria (CBN) to offer financial services as outlined in the PSB Framework. This enables…

Sterling Bank has appointed the former Independent Director at First Bank of Nigeria, Olusola Oworu. Sterling Bank board appointed the former Special Adviser on Commerce & Industry to ex-Governor of Lagos State, Babatunde Fashola as…

For a good banking experience, you need to avail yourself with multiple ways of carrying out your transactions. Most especially, credit transactions as that could be used for settling bills, making subscriptions, purchases and for other…