Nigerian Banks to Collect Social Media Handles for KYC Compliance

Nigerian banks may start collecting customers’ social media handles after a court ruling. This suggests that a legal decision in Nigeria will potentially paved the way for banks and other financial intitutions to require customers to provide their social media account information. The Federal High Court in Lagos has upheld a provision in the Central … Read more

Zenith Bank Dollar Account Creation Processes

Zenith Bank offers two domiciliary accounts in Nigeria; Ordinary Domiciliary Account and Cash Domiciliary Account. In this article, I’m going to walk you through all the processes of opening Zenith Bank domiciliary Accounts in Nigeria. If you want a bank account for money from other countries, Zenith Bank domiciliary accounts let you easily do transactions … Read more

How to open Providus Bank Savings Account Online 2024

The Providus Bank Naira MasterCard that allows Nigerians to carryout dollar/international transactions should be enough reason for you to open an account with the bank. However, the most interesting part of it is that this Providus Bank account can be created online from the comfort of your home, and get your debit card delivered to … Read more

How to save Naira in Dollar in Nigeria

Understanding the Naira-to-Dollar (NGN to USD) exchange rate is crucial for navigating Nigeria’s economic landscape especially amid the current FX manipulations in the country. However, knowing how to save or convert naira to dollar is also crucial to maintain stable rate and take a step ahead the naira free fall against the United States Dollars. … Read more

How to Transfer Money Amid Internet Outage in Nigeria

Currently, many African countries such as Nigeria, Liberia, Ghana and South Africa are suffering from internet connectivity outage that was caused by several damages to subsea cables across the west Africa coast and Red Sea. The damages have caused disruption to internet services and many countries and organisations are experiencing slow internet speed, leading to … Read more