Expert tips on personal finance, budgeting, investing, loans, and building wealth
Stay updated on banking trends, payment platforms, and how to manage accounts, transfers, and transactions securely.
In Kenya’s financial landscape, Savings and Credit Cooperative Societies (SACCOs) have gained a reputation for being more investor‑friendly than many commercial banks. For many ordinary citizens—students, working class men and women—they may offer better returns, more flexibility, and a sense of belonging. But is it true that SACCOs outperform commercial banks for investors? In this … Read more
You tried sending dollars (USD) for investment overseas, but the payment failed. That can be frustrating. But don’t worry — this guide walks you through how to fix failed dollar payments for Nigerian investors. You’ll understand why payments fail, how to troubleshoot them, how to prevent future failures, and what legal or regulatory steps to … Read more
Investing abroad can be a powerful way to diversify your portfolio, access new growth markets, or hold assets in different currencies. But for many Nigerians (and citizens in Kenya, South Africa, and other countries), the process of sending money abroad for investments can seem confusing, with rules, costs, and risks to understand. In this comprehensive … Read more
Many people in Nigeria, Kenya, South Africa dream of investing online—stocks, mutual funds, bonds, digital assets—right from their bank’s mobile app. But often, you find your bank app does banking tasks (transfers, bills) but not easy investment features. Why is that? In Nigeria particularly, many banks seem slow or reluctant to support seamless online investing … Read more
Pension payment delays in Nigeria are a serious problem. Many retirees wait months—even years—before receiving their monthly pension or lump sum entitlements. These delays cause hardship, anxiety, and suffering for people who depend on their pension as their main income. In this article, we explain why pension payment delays happen, the harm they cause, and … Read more
As a small investor—student, early career professional, or someone saving with limited capital—you often ask: where is my money safest? Should I keep it in a bank savings account, or join a SACCO (Savings and Credit Cooperative Organization)? In Kenya, SACCOs have been popular among ordinary people because of their structure, member-centric model, and potential … Read more
Understanding Forex Withdrawals and Why They Fail in African Banks Forex trading has become very popular in Africa, especially among students and working professionals in Nigeria, South Africa, and Kenya. Many traders use online Forex platforms to buy and sell currencies to make profits. However, one common problem that traders face is failed Forex withdrawals … Read more
Why Open a Dollar Savings Account in Africa? Many Africans today, especially Nigerians, South Africans, and Kenyans, want to protect their savings from local currency instability. One smart way to do this is by opening a dollar savings account. A dollar savings account allows you to save money in US dollars, a stable global currency, … Read more
Understanding Naira Devaluation and Dollar Savings The Nigerian economy has faced several challenges over the years, and one of the major issues affecting Nigerians today is the devaluation of the naira. This means the Nigerian currency loses value compared to foreign currencies, especially the US dollar. When this happens, the cost of imported goods rises, … Read more
Introduction to Payoneer and Why Nigerians Use It Payoneer is a global financial services company that helps people receive international payments. Many Nigerians use it to: Receive freelance payments Get affiliate income from companies abroad Get paid from marketplaces like Fiverr, Upwork, Amazon, ClickBank, etc. Send and receive money internationally For Nigerians, Payoneer is a … Read more
If you use Payoneer to receive money from international clients, freelancing, ad platforms, etc., one of your key tasks is to withdraw your Payoneer funds into your Nigerian bank account. Sometimes this can be confusing: which bank, how long, what fees, which type of account, what details to give. This guide will show you everything … Read more
Understanding Transfer Charges in Nigerian Banks When it comes to moving money in Nigeria, knowing which bank charges the least for transfers can save you a lot of money. Transfer charges, also called transaction fees, are small amounts you pay whenever you send money from one bank account to another. These fees may differ depending … Read more
As a POS (Point‑of‑Sale) agent in Nigeria, sometimes customers dispute transactions. They contact their bank and raise chargebacks. A chargeback means the customer says the transaction was not valid (fraud, wrong amount, no goods or service delivered, etc.), and asks the bank to reverse the charge. As an agent, this can hurt you financially if … Read more
Have you ever tried to pay at a shop with a card or POS (Point of Sale) machine and saw “Transaction Declined” appear? It’s frustrating, especially when you have money in your account or everything seems fine. Many people across Nigeria face this problem often. Understanding why POS machines show “Transaction Declined” can help you … Read more
f you want to make money by helping people pay bills, withdraw cash, recharge data, and more, becoming a POS (Point of Sale) agent is a good business idea in Nigeria. OPay, Moniepoint, and PalmPay are among the popular fintechs offering such POS agent opportunities. This guide will show you exactly how to become a … Read more
If you are thinking of becoming a POS agent, or already run a business and want to accept card payments, knowing which POS (Point‑of‑Sale) company charges the least is very important. Lower POS charges mean you keep more profit. In 2025, many POS companies in Nigeria compete on how low their fees are. But “lowest” … Read more
f you run a business in Nigeria (small shop, market stall, boutique, etc.), having a POS (Point of Sale) machine can help you accept card payments, grow sales, reduce risks from handling cash, and build trust with customers. This guide explains how to apply for a POS machine from Zenith Bank, Access Bank, and GTBank. … Read more
If you use bank apps, payment apps, or online sites in Nigeria, you’ve probably used OTP codes—those One‑Time Passwords sent by SMS, email or via call. But sometimes, you wait minutes—and nothing comes. That can be frustrating, especially when you need to complete an urgent transaction. What Is an OTP Code and Why Is It … Read more
Using a bank app is very useful. You can transfer money, check balance, pay bills— all from your phone. But with that power comes risk. Hackers and fraudsters want to steal your money or your private data. This guide will show you how to secure your bank app so hackers cannot get in. It is … Read more
Sometimes you go to use your mobile banking and you realise: I don’t remember my PIN. It happens. But don’t worry. Most banks in Nigeria let you reset a forgotten mobile banking PIN safely, using phone (USSD), app, or with help. This guide teaches you how to reset your mobile banking PIN when you forget … Read more
Bank fraud is real, and it affects many people in Nigeria. Whether you are a student saving money, a worker getting paid monthly, or just someone who uses bank apps, you need to know how to spot fraud early. If you catch fraud signs early, you can protect your money and peace of mind. What … Read more
Losing your ATM card or having it stolen can be scary. But you don’t always need to visit a bank branch to block it. In Nigeria, many banks provide USSD codes that let you block your ATM / debit card quickly using your phone. This article shows you everything: what it means to block a … Read more
If you have a bank account in Nigeria, often the bank will require that your account is linked to your BVN (Bank Verification Number). If it is not, you may face difficulties: limited services, inability to withdraw, send money, or use some fintech services. This guide shows you what BVN is, why linking matters, many … Read more
If you use a bank in Nigeria, you must know BVN (Bank Verification Number). It is a unique identity number that helps banks verify who you are. But many people face issues: “BVN verification failed”, “cannot link BVN”, etc. This article explains why BVN verification fails and how to fix it. It uses simple English … Read more
Upgrading your bank account means moving from a basic or restricted account level to a more advanced level. You get higher transaction limits, more services, maybe better interest or perks. In Nigeria, many banks now allow you to do this without going to a physical branch — that is, remotely, using mobile apps, internet banking, … Read more
If you are a student or working in Nigeria, your bank account might become dormant if you don’t use it for a long time. When that happens, you can’t withdraw money or do some transactions until you reactivate the account. What Does “Dormant Bank Account” Mean in Nigeria? A dormant account is a type of … Read more
Understanding ATM Withdrawal Delays in Nigerian Banks Have you ever tried to withdraw money from an ATM in Nigeria and faced delays or the transaction took too long to reflect? You are not alone. ATM withdrawal delays are a common issue experienced by many Nigerians. This problem causes frustration, especially when you urgently need cash … Read more
In 2025, Kuda Bank has become a prominent digital banking platform in Nigeria, offering a range of services aimed at simplifying financial transactions for Nigerians. As with any financial institution, potential users often have concerns about the safety and security of their funds. This comprehensive review delves into the safety measures Kuda Bank has implemented, … Read more
Money transfers between bank accounts are part of daily life for many Nigerians—students paying school fees, workers sending money home, small business owners paying suppliers. But bank transfer fees can eat into your money. Knowing which banks charge least helps you keep more of your own cash. In this article, I will: Explain what transfer … Read more
Running a small business in Nigeria has many challenges. Picking the right bank is one of the most important decisions you will make. The right bank helps you save costs, manage money well, grow your business, and get support when needed. In this article, I will show you which banks are best for small business … Read more