AfriGo: All You Need to Know About CBN’s Domestic Card Scheme. In an effort to strengthen the national payments system, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-bank Settlement System (NIBSS) has launched AfriGo, a new payment system. The first domestic card scheme in Africa, the CBN Governor, Godwin Emefiele, formally …
AfriGo: All You Need to Know About CBN’s Domestic Card Scheme.
It’s never too early to know what to teach children about money. All over the world, financial literacy for children is being taken seriously. Teaching children about money strengthens their ability to effectively understand and use various financial skills, like personal monetary management, savings, and spending, investing, and budgeting. Financial literacy for kids is part …
You may be committed to storing your money in a safe place, but how do you calculate interest on a savings account? One very good reason why people save is not just for the rainy day, but also to get added income from the interest on their savings. Interest on a savings account is the …
The Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), has announced an interest rate hike. Read below to learn what the CBN interest rate hike means for borrowers in Nigeria. The MPC, which held its first meeting for 2023 on the 23rd and 24th of January, increased the country’s monetary policy rate …
What The CBN Interest Rate Hike Means for Borrowers In Nigeria
Are you committed to making a change and taking control of your finances? Here are 10 expensive habits that prevent you from saving money. If that is the case with you, how do you go about identifying the loopholes and plugging them? It all starts with self-reflection and honesty. You can’t lie to yourself or …
There are steps you need to take to attain financial discipline, but these three ways to curb impulse buying and save more stand out. When it comes to consumer behaviour, impulse buying occurs after shoppers experience an urge to buy products without planning or budget considerations. Such forms of purchases are often spontaneous without any …
It is never too late to start saving up and our top three saving opportunities you may have overlooked are perfect to help you. As the year 2023 enters its grind, everyone is advised to make saving money a part of their financial goals irrespective of their age or social status. One mistake most people …
Are your bills mounting and you need to find a way to boost your savings? Look no further as nairaCompare takes you through 10 ways to increase savings and actualise your goals of attaining financial freedom. Whether you’re saving towards a big goal or paying off a debt, you have plenty of options for trimming …
The importance of saving money is clear, but what determines how much of my salary I should save monthly? Recruitment website, Jobberman believes that the golden rule is that by age 30, the money you have saved should correspond to your annual salary. This gives you a very clear picture of how much you need …
With the rise of online savings platforms in Nigeria more people are on the path to financial freedom. Are you one of them? It’s a new year and with it comes new goals. Unfortunately, a lot of people quickly run out of steam even before the first month runs out. If you are one of …
Despite advancements in mobile messaging technologies, USSD Codes for banks in Nigeria continue to remain relevant to users. USSD (Unstructured Supplementary Service Data) banking is generally regarded as a safe, convenient, and cost-effective means of accessing financial services on your phone without the use of an internet connection. It is similar to Short Message Service …
With the advent of digital banking in Nigeria, saving money has been made more seamless. Read below the top 10 savings apps in Nigeria based on user rating to further help you. It’s a new year, and for most people, this means there are financial goals to be met. One of the best ways of …
