In today’s fast-paced digital era, banking has evolved significantly, emphasizing user convenience. One of such advancement is the ability to deposit money using Automated Teller Machines (ATMs), eliminating the need for bank visits. For many, especially those accustomed to traditional banking, this process might seem daunting.InformationGuideNigeria Hence, this detailed guide aims to demystify How To … Read more
The Central Bank of Nigeria (CBN) has launched a new online platform called the CBN Licensing, Approval and Other Requests Portal (CBN LARP). The platform serves to simplify applying for a microfinance bank (MFB) license. LEGIT NEWS reports.InformationGuideNigeria CBN LARP was made public in a statement signed by Isa Abudulmumin, CBN’s director of corporate communications, … Read more
Best Banking and Financial Sites in Nigeria – The Nigerian banking and financial sector stands out as a beacon of dynamism and vibrancy within Africa. The nation boasts an extensive array of banks and financial institutions, all of which provide an expansive range of products and services to cater to their customers’ diverse needs. Information … Read more
Digital banking is the delivery of banking services over the internet or mobile networks. In this case, the customer doesn’t have to be present in the bank to carry out a host of transactions such as cash withdrawal, indirect cash deposits, money transfer, payments of utility bills, balance rate enquiry, interest rate enquiry, transaction history, … Read more
Islamic banking refers to banking according to the principles of Islam.some refer to it as Islamic finance,others just have a vague picture or how it operates. Many years ago,during the reign of the former governor of the central bank of Nigeria, Sanusi Lamido Sanusi.A lot of people are unaware of how they operate,the kind of … Read more
Rural banking is the most common type of banking obtained in rural areas in Nigeria. This type of banking is obtainable in the remote areas of Nigeria. The majority of banks in Nigeria have their branches in locations that are not exactly located in the rural areas. This has led majority of rural dwellers to … Read more
INTRODUCTION: THE BANKING SECTOR. In this post, we shall evaluate the role of the banking sector in the economic growth of Nigeria. Somebody might ask me if the Nigerian economy is still growing amidst all these economic crisis. The truth is that I don’t know. Since growth, stagnation or retardation of any economy is decided … Read more
Have you ever wanted to own a microfinance bank in Nigeria? If yes, see the requirements and paper work needed to achieve it. A microfinance bank refers to any group of people/company, licensed by the central bank of Nigeria (CBN) to provide financial services and non financial services. Some of these services includes loans,deposits,domestic money … Read more
How to Do GTBANK Online Banking: Everything you Need to Know. All over the world, banking is changing and Nigerian banks have not failed in that regard. The Internet is changing the way and manner we do business and this has become phenomenal. These days by merely having access to the Internet, one can comfortably … Read more
It has happened to many people where their relatives die leaving fat sum of money in their bank accounts without their children having access to that money. To access the bank account of a deceased family member, friend, and benefactor in the event of his or her death is a very important subject worth discussing. … Read more