FinTech

Wema Bank, Nigeria's leading innovative bank, has partnered with the Federal Government of Nigeria to establish digital and skill innovation hubs across states in the country, with a target to empower one million youths with digital and other relevant skills. The initiative, known as FGN/ALAT Digital and SkillNovation Hub, was agreed upon during a meeting between representatives of the bank and Vice President Kashim Shettima in Abuja, aligning with President Bola Tinubu's administration’s commitment to creating more digital jobs for young Nigerians. Over the years, Wema Bank has been a pioneer in digital transformation within the banking industry, committed to fostering...

The economy is the essential concern of every government because the government's officials always want the best economy. After all, it is one thing that helps them increase the value of the things exported by the country. On the other hand, if a country's economy is good, it will have the power to deal with the problems on the international level. There are many things the government is using as a strategy to increase the graph of the economy, and the invention of the digital yuan by China is one of them. Numerous links like china's digital currency can help...

Money lending has always been a common practice among people from any society, century, and culture. Of course, the modern days are no exception. People still prefer safe money lending practices between individuals over bank loans and similar institutional lending models. Why? Well, it’s a much faster and more convenient way to borrow money from people you know (or meet online) without putting anyone at risk in the process.  That’s why the peer-to-peer lending business has always been a promising industry. However, the market has been booming ever since the global pandemic and the further economical complications that followed. As...

Informal Financing is very popular in Nigeria. Traditional financial institutions in Nigeria are playing a considerable role in the Nigerian economy by providing borrowers with informal loans. Besides providing financial support, credit facilities are also promoting social cohesion among people living in towns and villages. Credit facilities can help small businesses and boost startups because of the lack of coherent government policies to support entrepreneurship. How Informal Financial Sector Is Organized People from different locations and especially those with similar interests or problems, organize themselves in groups from mutual help. Despite the presence of banks in Nigeria, informal banking is still...

Your bank might charge you for overdrafting, using ATMs, receiving paper statements and some other services. Read this article to get to know how to avoid excessive fees and cut down your expenses! In this article, we'll list the five most popular types of bank fees and share recommendations on evading them. ATM Fees Normally, your bank should allow you to use its ATMs for free. But if you withdraw cash from an ATM of another financial institution, you might need to pay a fee. These fees tend to grow over time because the demand for ATMs is decreasing. People are getting more and...

This article is aimed at enlightening you on the Bank Of America ATM withdrawal limit. Are you a person who uses cash often for various reasons? Are you about opening an account with Bank Of America and you want to know all there is to the account? Or, are you among the group of persons who for one reason or the other just want to be abreast of the ATM withdrawal limit of the Bank of America? Then you are certainly at the right place. Read on to get answers to all your questions. What Is Bank Of America ATM Withdrawal Limit? ATM...

Africa’s leading finance app invites Nigerians to compare and save With over 23 million downloads, Branch is one of the most popular lending apps in the world. The app now offers 2 new noteworthy services: Unlimited free money transfer (unmatched amongst today’s finance apps) 20% per annum investment returns (amongst Nigeria’s highest) These new offerings complement instant loans up to N500,000, free bill pay, airtime top ups, and other existing services found within the app. Taken together, customers can now enjoy a single app to manage their money with unmatched value. “Finding the best deal when it comes to your money can be...

Trading in the financial markets has become extremely popular nowadays, especially when many people are now looking for additional sources of income. In today's high-tech society, all trading transactions are carried out online, which means that you can trade from anywhere in the world. All you need is a speedy Internet connection and a device. You can use your PC, your laptop, a smartphone or a tablet - you name it! While many professional traders spend hours at their monitors, this may not be the case for you. If you have another job, or if you are always on the go...

Due to the ever-increasing volume of money transfer from Malaysia to Nigeria, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for cross-border money transfers. This system will allow Nigerians to send and receive money from Malaysia and other countries without incurring the high fees charged by most traditional Nigerian banks. Fast Remittance and Cheaper Average Costs for Money Transfers between Malaysia and Nigeria As a result of the launch of Remitano’s international cash-out features, Nigerians can now send and receive money from their families and friends in Malaysia multiple times faster than traditional Nigerian banks and...

With the sharp increase in brokerages and new companies offering investment apps, the options are numerous. Plus, choosing the best investment apps can be overwhelming with the long list of investment apps in the market. There are numerous apps for every category of investors either you are a stock trader or an angel investor; there are apps suitable for you. And as a beginner with a lot of fears and doubts, there are investment apps to help beginners get familiar and comfortable with investing. You want to ensure that, in the race of increasing your capital; you don’t end up losing it...

Have you always wanted to venture into agriculture; start a poultry farm, a piggery, a cow ranch, or better still plant crops, but you are always busy with one or two things and don't think you can juggle between work and farm? What you may need are Agriculture Investment Platforms. Don't worry, there are a number of crowdfunding based agriculture investment platforms that makes it possible for you to own a farm without any manual labor on your part. There are tons of Agricultural Investment Platforms that enable you to invest your hard earned money into agriculture and get a good...

Have you heard of mobile apps for getting quick loans? Do you want to know some of the best quick loan apps around for when you need meet some emergency financial obligations? Here we share some of the best services. Getting loans has always been a stressful thing. You have to either belong to a cooperative group or have an account with a bank you are seeking loan from. And this doesn't end there. There are a lot of formalities you need to go through which makes sourcing of loans for personal needs and small businesses technical when going through the...

OKash is an instant loan app that offers collateral free loans in minutes. It is a perfect platform to get a quick loan if you need some emergency fund. Do you wish to get a collateral free loan? Are you too lazy to get out of the house or just don't fancy the stress of getting a loan from a bank? OKash Loan App is here for you. Just download the App, fill in your details, and apply for a loan and you could have the funds in your bank account in minutes. The good news is that OKash is available...

Remember how kids (and adults, too) used to save pennies, coins, and notes in physical piggybanks some decades ago PiggyBank.NG is an innovative, digital, and new-school version with an improved, fun, and rewarding model of saving. Basically, Piggybank.NG is a platform available on Web, Android, and iOS that allows individuals with debit cards easily save and invest money with ease. Asides from curtailing excessive and uncontrolled spending by allowing users save periodically towards specific goals or targets, PiggyBank.NG adds a bit of fun, reward and convenience to the used-to-be-difficult act of saving. But before delving to the details of the...

SureTrader is one of the best online stock broker in the game; a big fish in a big pond. Looking for the best and most popular brokerage services to trade U.S stocks outside the United States? Or you need a broker to help evade your certain regulations? Or perhaps, you're a beginner trader looking to kickstart your stock trading career, and equally on the search for the best online broker with powerful trading tools and solutions? Established in 2008, SureTrader as a division of Swiss America's Securities, Ltd became fully operational in 2011. Barely a year after, the company became...