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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Augusta
AugustaEnlightened Mentor
Asked: May 15, 2026In:

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    People often have accounts on different banks for different reasons. For some it might be that their place of work specifically uses a specific bank to send payment, so they have no choice but to open a bank account. Then again there are some who might have applied for grants and the likes which reqRead more

    People often have accounts on different banks for different reasons. For some it might be that their place of work specifically uses a specific bank to send payment, so they have no choice but to open a bank account. Then again there are some who might have applied for grants and the likes which requires them to open a specific bank account. Then there are those who open specific bank accounts simply due to the benefits that comes with these accounts. 

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Augusta
AugustaEnlightened Mentor
Asked: April 30, 2026In:

If your ATM card gets stolen or missing in Nigeria. How do you get a new one easily?

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    In a situation where your ATM card was stolen, the only way to get a new one is by going to the bank. The first thing to do is go to the bank and report your card was stolen, this way they can easily block the card, or in most cases, you can actually call the bank or use your bank USSD code to quickRead more

    In a situation where your ATM card was stolen, the only way to get a new one is by going to the bank. The first thing to do is go to the bank and report your card was stolen, this way they can easily block the card, or in most cases, you can actually call the bank or use your bank USSD code to quickly block the card immediately it was stolen, this would prevent the thief from being able to use it. The next step is to go to the bank and request a new one. They might give you a form to fill. 

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Augusta
AugustaEnlightened Mentor
Asked: May 10, 2026In:

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    When banks close a customer's account without permission, it means they are shutting down the account without the customer's prior approval or request. This can happen for various reasons, such as suspicious activity, inactivity over a long period, or failure to comply with the bank's terms and condRead more

    When banks close a customer’s account without permission, it means they are shutting down the account without the customer’s prior approval or request. This can happen for various reasons, such as suspicious activity, inactivity over a long period, or failure to comply with the bank’s terms and conditions. While it might seem unfair most times, banks usually have policies in place that allow them to take such actions to protect both the customer and the bank itself. It’s always a good idea for customers to stay informed about their bank’s policies and maintain open communication to avoid unexpected closures.

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Augusta
AugustaEnlightened Mentor
Asked: May 15, 2026In:

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    At the end of the day, i think it depends on the individual. While having an ATM card makes it easier to gain access to your money and spend it, not having it might still not change anything. For most of my bank accounts, i don't have ATM cards on most of my accounts but i still have easy access toRead more

    At the end of the day, i think it depends on the individual. While having an ATM card makes it easier to gain access to your money and spend it, not having it might still not change anything. For most of my bank accounts, i don’t have ATM cards on most of my accounts but i still have easy access to it through the bank app or ussd code, so i still end up spending a lot. At the end of the day, it boils down to self control and discipline. 

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Augusta
AugustaEnlightened Mentor
Asked: May 1, 2026In:

Have you ever gotten money through Paypal Xoom as a Nigerian. What was the experience like?

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    I have received money through PayPal xoom two times now, and i must say, the experience was pretty okay and fast. You need to ensure the person who is sending the money needs to use your correct name that is in your identity card, and also send you the transaction number. This is what the bank needsRead more

    I have received money through PayPal xoom two times now, and i must say, the experience was pretty okay and fast. You need to ensure the person who is sending the money needs to use your correct name that is in your identity card, and also send you the transaction number. This is what the bank needs to confirm the transaction. In Nigeria, the money comes in through RIA. So ensure you tell the bank ria and not PayPal xoom. 

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aboy01
aboy01Trusted Adviser
Asked: May 17, 2026In:

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

     Visa and Mastercard operate separate payment networks. When you use a Visa card, the transaction is processed through Visa’s network, and similarly, a Mastercard transaction goes through Mastercard’s network. Both Visa and Mastercard are widely accepted around the world, so you’ll find that most plRead more

     Visa and Mastercard operate separate payment networks. When you use a Visa card, the transaction is processed through Visa’s network, and similarly, a Mastercard transaction goes through Mastercard’s network. Both Visa and Mastercard are widely accepted around the world, so you’ll find that most places that accept one will also accept the other.

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aboy01
aboy01Trusted Adviser
Asked: May 17, 2026In:

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

     Services like Apple Pay, Google Wallet, and PayPal allow users to make payments using their smartphones, making transactions quick and convenient. Then again, many traditional banks offer online platforms where customers can manage their accounts, transfer money, and pay bills without visiting a brRead more

     Services like Apple Pay, Google Wallet, and PayPal allow users to make payments using their smartphones, making transactions quick and convenient. Then again, many traditional banks offer online platforms where customers can manage their accounts, transfer money, and pay bills without visiting a branch. Platforms like LendingClub and Prosper connect borrowers directly with lenders, often offering better rates than traditional banks.

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Augusta
AugustaEnlightened Mentor
Asked: May 21, 2026In:

  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Banking with First Bank Nigeria has many advantages. One of them is that there are many ways to earn from keeping your money in eligible savings and fixed deposits. Another way is by taking advantage of their many digital banking services to save you time and money. They are also able to provide youRead more

    Banking with First Bank Nigeria has many advantages. One of them is that there are many ways to earn from keeping your money in eligible savings and fixed deposits. Another way is by taking advantage of their many digital banking services to save you time and money. They are also able to provide your business or personal loan and credit facility; and you can do this by meeting their criteria. First Bank Nigeria provides various account holders with access to their debit cards, mobile banking, and other investment-related products. Therefore, you should select the type of banking service that will benefit you the most financially and have good account management practices.

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