VBank Nigeria is an online digital bank owned by the Lagos-based financial technology (Fintech) company, VTech Nigeria. Unlike conventional banks that have physical branch location all over the country, VBank operates entirely online through its smartphone apps. If you hate those long lines at the bank, and the annoying attitudes of commercial Bank staff, Vbank might be the solution to all your financial needs. Some of the services the platform offers to its over 250,000…
WhatsApp is testing a new feature which will allow users send message without using their phones for the first time. At present, WhatsApp is linked to a user’s phone. Its desktop and web apps need that device to be connected to receive messages. But the new feature will let users send and receive messages “even if their phone battery is dead”. The new feature will be rolled out as a beta test to a “small…
With the introduction of cashless policy by the Central Bank of Nigeria (CBN), the role of conventional banks in cash transactions is becoming more and more redundant. This is where fintech startups like Kudi come in, these companies make online banking transactions more easily accessible to people most especially in rural areas where conventional banks rearly have service branches. Kudi does this in partnership with a network of agents who own and operate their businesses…
If you Google ‘Nigerian news’ it feel as if the country is burning at the seems. And in fairness, that might be a fair assessment – Boko Haram terrorists have almost completely devastated the three Northeastern states of Borno, Yobe, and Adamawa. Local gangs known as bandits are operating almost unchecked in the Northwest and central parts of the country. There are secessionist agitations in the southwest and Southeastern parts of the country which has…
Nigeria’s oldest bank, First Bank Plc, is offering a short-term loan without collateral, facility designed to provide funding solutions to school owners and other educational institutions nationwide through its FirstEdu product. The bank in a publication last year, revealed that in 2019 alone it supported educational institutions in Nigeria with money to the tune of over N10 billion. Majorly for primary and secondary schools, First Edu Loan was packaged to fund the schools’ working capital.…