Nigeria Bank Review

Fitch Ratings has affirmed First City Monument Bank Limited's (FCMB) Long-Term Issuer Default Rating (IDR) at 'B-'. The Outlook is Stable. A full list of ratings is at the end of this commentary. Key Rating Drivers IDRS, VR AND National Ratings The IDRs of FCMB are driven by its standalone credit profile, as defined by its Viability Rating (VR). This reflects FCMB's weak financial metrics, partly due to the bank's limited company profile and higher-risk business model, as well as the challenging operating environment in Nigeria. The operating environment in Nigeria remains tough, with the country having recently emerged from a recession. Although access to foreign currency (FC) has eased, many borrowers retain limited capacity to service obligations and there are few opportunities for banks to grow their loan portfolios. FCMB's modest franchise is illustrated by the bank's small (4%) market share of domestic credit. In our view, this drives a high-risk busin...

This article covers the complete process of registering and opening wema Alat Account  How To Open A Wema ALAT Account You want to open a Wema ALAT Account? You can do that within few minutes on your smart phone. Here are the procedures: •Download and install the ALAT app on your device from your app store  •When you are done downloading, open the app on your phone •Click on "sign up" and enter your Bank Verification Number (BVN) and your phone number (a valid one) NOTE: Your BVN will be used to retrieve all your personal information which is on the CBN database, so you don't have to bother filling any long form when signing up. At this juncture, your Wema ALAT Account is opened and functional, but to be eligible to make withdrawals, ATM payments etc, there are some steps needed to be taken. •You'll be needed to upload a photo of your valid means of identification eg your international passport, your driver's license, your national ID card etc, with a photo of you...

This post covers the process and steps of checking your Bank Verification Number using your mobile phone  Bank Verification Number as it is been said severally is a biometric number in which bank users data are being compiled.  It is necessary for every bank user to have a BVN because it contains all your information ranging from your Names to your thumbprint captured.  How you can check check your Bank Verification to Number is as easy as anything following these steps.  * Get your phone  * Make sure you have at least 20# recharge card on the Sim that  contains the phone number you used for opening the account  * Then, on that same Sim card dial *565*0# Then your BVN number will be sent to you. 

This article answers the question ''Can  my account be hacked using my BVN? It's a known rumour that your Bank account can be accessed using your Bank Verification Number and your funds can easily be siphoned.  Banking experts and financial analysts claimed your BVN can only serve as a link to your Biometric not your account information.  But to be on the safer side, it'll be well said if your BVN is well kept and secret from other system whatsoever.  Softwares are being developed day in day out, and Hackers are increasing their mode of operations.  Once again, Bankingtips.com.ng advice to you Is that YOUR BVN IS SAFE WITH YOUR ALONE. 

  Can you recall the incident that happened to a bank called Savanna bank on the 15th of February 2002???  If you didn't remember, well, it was closed down and it's license revoked by the Central  Bank of Nigeria. Enough of this story, so how does this leads us to the top 15 banks in Nigeria?     Before you invest, save or buy share(s) in a bank, be sure that Bank is healthy enough, healthy in the sense that their debt profile is as low as possible and their assets and shares is as high as possible.     The 15 top banks in Nigeria are: 1. Zenith Bank 2. First Bank of Nigeria 3. Guaranty Trust Bank 4. Access Bank 5. Diamond bank 6. Ecobank Nigeria 7. Union Bank of Nigeria 8. Fidelity Bank Nigeria 9. Sterling Bank Plc 10. First City Monument Bank 11. Unity Bank  12. Wema Bank  13. Keystone Bank  14. Stanbic Ibtc Bank 15. Diamond Bank   

   Actually this has been the questions that arises everyday in Nigeria, presently. Some online entrepreneurs, bloggers, app developer etc. Have been finding it extremely hard to receive, withdraw and pay online without experiencing errors or card rejection. loading...      In the past, such things are so easy to perform, but as of 2016, many Nigeria banks has been suspended from Overseas Automatic Teller Machine. Which simply means that naira cards are not eligible to perform international transactions.    Any Hope Avai lable ?. loading... ===> So sure, in as much as so many banks have stopped international payments. But their are hope for people that make use of MasterCard ®.   Banks In Nigeria That Supports International Transactions Using Naira MasterCard .       Zenith Bank:    If you are currently using Zenith ATM MasterCard,    UBA Bank PLC.    GTBANK PLC.  ...