The Web's Best Answers To All Nigerian Queries
The Central Bank of Nigeria (CBN) was established from the 1958 Act of Parliament which was further amended in 1991, 1993,1997,1998, 1999 and 2007 respectively. It commenced work officially in 1959. The Central Bank...
The swift code for GTBank is GTBINGLA. As one of the leading best banks in Nigeria, Guaranty Trust Bank Swift Code is used when transferring money between banks, especially for international money transfers via bank wire. These format...
There are various types of bank accounts used to store money in Nigeria for safe-keeping and investment by different individuals, organizations, government agencies and so on. These financial institutions ensure that your cash and...
What is the difference between savings account and current account in Nigeria? As a seasoned financial expert, I understand the pivotal role that financial accounts play in shaping an individual’s or business’s financial stability....
There are currently 22 commercial banks in Nigeria currently as of compiling this post. Some of the former banks in Nigeria that could not meet with the Central Bank of Nigeria directive of 2006...
There are over 70 banks operating in South Africa legally. Some of these banks are locally controlled, some foreign-controlled and some are just branches of other financial institutions established in other countries. The focus...
If you are traveling, studying, or living in the United States, you will likely need to open a bank account. This guide will show you how to do that quickly and easily. We’ll also...
Americans are known for their love of capitalism and free markets. So it’s no surprise that the U.S. has some of the best banks in the world. If you’re looking for a safe place...
Nigeria’s banking sector is one of the largest and most competitive in Africa, with a robust regulatory environment that has helped to stabilize the industry. Over the years, Nigerian banks have been led by...
The banking industry in Nigeria is introducing significant changes to conventional banking by developing digital methods of accessing financial and non-financial services. Instant payment technologies and other innovations have greatly accelerated the expansion of...
One of the common scams in Nigeria is the fake credit alert. In this kind of fraud, you would be sent a credit alert for the payment of a service or item you sold,...
A bank account is required for any business to save money and carry out transactions. Many businesses are resorting to online banks in today’s digital age. Whether you manage a little business or a multibillion-dollar...
A business account is normally required for all enterprises due to the numerous benefits it provides. These bank accounts help you to separate your business and personal costs, plan for taxes, and establish your...
The importance of a business account is similar to that of a regular current and savings account. This bank account is required for financial transactions by all businesses, small and large. In general, it...
Have you ever considered what can happen if you move monies to the wrong bank account by accident? Is it feasible to get the funds returned to your account? Is it possible for the...
