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The contents in this BankNaija Business News category are noteworthy stories from every part of the Business World. The business world is one of the most dynamic spheres.
N6.98k USSD Bank Charges Wahala: 5 Ways to Avoid/Stop the USSD Charge
Initially imposed by the Central Bank of Nigeria and the Nigerian Communications Commission on 16th March 2021, the N6.98k USSD charge has now been fully implemented. With hundreds of Twitter users waking up to the rude shock on their…
Fidelity Bank Plc to Partner Obi Cubana, Ogbeni Dipo, Others in Fresh Bid to Reach 4 Million…
One of the leading Nigerian banks, Fidelity Bank Plc, has taken a new direction in their bid to grow their social media presence. It is no secret that Fidelity Bank has set their eyes on the latest generation - “Gen Z” in their tenacious…
Simplii Financial – Canadians’ True Best Way to Transfer Money Across the World for Free
Simplii Financial, a direct banking brand of the Canadian Imperial Bank of Commerce (CIBC), makes it easier for Canadians and Nigerians in Canada to send money back home FREE OF CHARGE. Nigerians especially, renowned for making remittances…
How-to: Reactivate your Dormant Polaris Bank Account Online
Polaris Bank, formerly Skye Bank, in an aggressive bid to drive their liability position in the industry has introduced a portal where all existing dormant/business accounts can be easily reactivated by their owners.
As seen in the…
What is SCUML? How to Register for SCUML; FAQs
The acronym, SCUML, is an abbreviation for Special Control Unit against Money Laundering. It is a unit under the Economic and Financial Crime Commission (EFCC).
According to Section 25 of the ML (P) Act, the SCUML certificate is a…
How to Buy PTA and BTA from Nigerian Banks; Requirements
Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) are currency exchange programs specifically set up for Nigerians traveling abroad for personal or business reasons. The purpose of the program is to try to level the huge…
Step-by-step Procedure on How to Register e-Form ‘M’; Everything you Need to Know
What is an e-Form 'M'?
The Federal Government of Nigeria through the Federal Ministry of Finance (FMF) with its enforcement arm - the Nigeria Customs Service (NCS) created the Form ‘M’ in a bid to monitor the safety and quality of all…
Common Bank Charges in Nigeria and How to Avoid Them
Nigerian commercial deposit banks charge on every service rendered, as it should be. However, over time, this has plagued the experiences of their customers as the supposed charges are mostly hidden and largely unnecessary. Nowadays, most…
Visa to Accept USDC, as Cryptocurrencies Gain More Grounds in Mainstream Finance
Leading payments network, Visa, has announced that it now settles payments in the USDC stablecoin on the Ethereum blockchain. This new development is another indication of the mainstream acceptance of cryptocurrency. This makes Visa the…
Break Free with Kuda! Everything you need to Know about Kuda Bank; FAQS
Founded in 2016, Kuda Bank started out as “Kudimoney” which roughly translates to The Free Bank. They were solely an online lending and deposit platform. However, with the sheer hard work and commitment of the ownership - Babs Ogundeji and…