Nigeria’s financial center, Nigeria’s economy, has transformed in a revolutionary manner throughout the years. Traditional banks, in their physical appearance and traditional way, are traditional intermediation wizards in finance, playing intermediary functions of saving, lending cash, and paying. But banking in...
Introduction The past two years have witnessed Nigeria experience a fast-paced revolution in its financial services sector where digital-only banks emerged and grew. Digital-only banks that have no physical presence in the sense of having brick-and-mortar shops employ technology to provide...
Introduction: The Central Bank of Nigeria (CBN) has a pivotal function in the Nigerian banking industry, working as the topmost regulator to ensure the stability, soundness, and efficiency of banks and other financial institutions. From its inception in 1958, the CBN...
Introduction The credit system with scoring models that has been effectively used in the developed economies still operates in its infancy level in Nigeria. The cash economy, peculiar unavailability of data, and absence of infrastructure have operated in a coordinated manner...
Introduction: It has been a convenience marriage between the Nigerian banks and the new-fledged cryptocurrency with an acceptance-rejection cocktail and a dash of caution sprinkled in every now and again for good measure. A combination of a technologically conscious youth demography...
Introduction: Nigeria is already experiencing a revolution in its financial system, fueled by its large population and ever-growing mobile penetration. USSD (Unstructured Supplementary Service Data) transactions and mobile banking are two extremely potent weapons that weigh the democratization of access to...
Introduction: The entire gamut of bank charges and the hidden nag will truly give nightmares to individuals and businesses in Nigeria. The provision of all essential economic and financial services can be put to the test in any fee schedule that...
Introduction: Small and Medium Enterprises (SMEs) are the backbone of the Nigerian economy; they generate significant revenue to the public through job provision, driving the economy to growth and development, and also serving as a source of innovation. Despite this, access...
Introduction: The more developed the society is, the more risks are the convenience of electronic transactions and internet banking. Sophisticated techniques are utilized by hackers who capture secret information and finally drain the money from the bank account. There is sufficient...
Introduction: The Central Bank of Nigeria (CBN) is the apex monetary authority of the nation. Therefore, it plays a pivotal role in these courses that have ramifications for individuals and businesses operating in the Nigerian banking sector. This essay will expose...