Banking

Blocking your Debit Card is the first action you must take when your card is stolen, lost or misplaced. The option to do this is available on the GTWorld. Here is how to do it: If you don’t use the app, other options to block your debit card are: Via USSD code Blocking your GTB […]

Zenith Bank has 393 branches (as of March 29, 2024) spread across Nigeria’s states and geopolitical zones. Each branch has a sort code for easy identification and to track financial-related transactions. In Lagos State alone, Zenith bank has over 100 branches, each with its unique sort code. Note: And you should also know that sort

Introduction to American Express Savings Accounts Are you looking to make your money work harder for you? American Express Savings Accounts may be the key to unlocking your financial goals. With competitive interest rates and a trusted name in the finance industry, American Express provides several advantages over other banking organizations. Let’s dive into what

What is Unbanked? The term ‘unbanked’ refers to people, typically adults, excluded from the traditional banking system. These individuals lack access to basic financial services such as credit cards, savings accounts, and other banking facilities. Essentially, unbanked individuals do not use any banking institution and as a result, they are generally deprived of professional financial

What is a SWIFT Code? A swift code is an 8 or 11-digit code or characters associated with a financial institution for making international transactions. SWIFT code is a standard format for Business Identifier Codes (BIC) which is used to identify banks and financial institutions globally. It says who and where they are — a sort of international bank code

Every year, financial institutions around the world post voluminous profits even when there is poverty or when there has been no significant change in the poverty level. Economically, the fact that financial institutions are making more profits does not translate to poverty reduction. But it is baffling that even when there is hunger, economic difficulties,

A Tier-1 bank account or level-1 bank account is a type of bank account that can be opened with minimal or no form of documentation. Tier-1 bank accounts can be opened with a passport photograph and phone number. This category of bank account is popular among unbanked nations such as Nigeria to bring them under

The recent guideline by the Central Bank of Nigeria (CBN) says your bank account will be blocked if you fail to link it to your National Identification Number (NIN). Even though you already have your Bank Verification Number (BVN), the apex bank is saying your NIN and BVN have to be linked to your financial

Every bank in Nigeria has an assigned enterprise code which they can use to verify their customers presenting their improved National Identity Number (NIN) slip or virtual NINs as proof of their identity. These codes are also important for generating Virtual NIN. Also known as agent code, you’d need the enterprise code if you want

What is Islamic banking? Islamic banking entails banking activities that are compliant with Shariah. Also known as Islamic finance, it encompasses financial activities, particularly in the banking world, which adhere to Islamic law. This article is about the advantages of Islamic banking for business growth. Tenets of Islamic Banking The religious system forbids the payment