In the last few years, digital banks have quietly changed how Nigerians handle money. No long queues.No physical branches.Higher savings interest.Cleaner apps. For many Nigerians, digital banks feel smarter. Faster. More modern. But here is the important question: Where exactly do these digital banks stand under the recapitalisation reforms by the Central Bank of Nigeria?…
The Central Bank of Nigeria gave Nigerian banks a deadline of March 31, 2026, to increase their capital base. In simple terms, the CBN asked banks to “be financially stronger.” The required capital depends on the type of banking licence: Now, let’s break down who has met the requirement in plain language. Banks That Operate…
Many Nigerians have recently noticed small extra deductions on their bank transactions and are asking the same question: “Why is my bank deducting 7.5% VAT?” This article explains it clearly, simply, and without jargon, so anyone can understand. What Is VAT? VAT means Value Added Tax. In Nigeria, VAT is 7.5% and is charged on…
In Nigeria today, investing is no longer about quick wins. It is about resilience, clarity, and preparing ahead. As 2026 approaches, these four investment areas matter more than ever.
We’ve all heard the advice: “Save money.” It sounds simple, yet for many people, saving is one of the hardest financial habits to keep. Why is it so difficult to put money aside, even when we know it’s the right thing to do? The truth is, saving is not just about numbers. It’s about psychology,…
