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Fokona

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BANKING & FINANCIAL SERVICES

This section helps you understand how banking and financial services work in Nigeria. Learn about bank accounts, loans, credit systems, and digital financial tools. Ask questions and get answers to make better financial decisions.

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Anonymous
Anonymous
Asked: April 15, 2026In: BANKING & FINANCIAL SERVICES

Why Did My Bank Send a Loan Demand Notice in Nigeria? What to Do If You Can’t Repay on Time

Good afternoon sir, I saw your post about loan on your Facebook page and i still have further questions. I am into sales of agricultural machines and implements and sometimes last year I borrowed N10m From UBA. I was ...Read more

loan
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Melody pius
Melody pius
Asked: April 6, 2026In: BANKING & FINANCIAL SERVICES

What Is the Difference Between International and National Banks in Nigeria?

What’s the difference between international bank and national bank Is there any added advantage in banking with either of them

bank
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Commy
Commy
Asked: April 4, 2026In: BANKING & FINANCIAL SERVICES

How do I stop loans I did not ask for?

I noticed that I was debited for a loan repayment but I never applied for a loan or get any alert for a loan. Please what should I do? I think I have been scammed.

debited
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Melody pius
Melody pius
Asked: April 1, 2026In: BANKING & FINANCIAL SERVICES

What is state withholding tax

Ever since I opened an Opay account, I stopped using Zenith bank because their wahala was driving me crazy. Someone mistakingly sent me money in my Zenith account today; so, I was forced to log into my mobile app to ...Read more

accouting
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OchePhem
OchePhem
Asked: April 1, 2026In: BANKING & FINANCIAL SERVICES

Institutional account

I will like to know what is institutional account and how it works with examples? In addition, I want to what is block trade?

questions
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Melody pius
Melody pius
Asked: March 31, 2026In: BANKING & FINANCIAL SERVICES

Can I open a corporate account with Fintech bank?

I’m trying to choose a bank that will be most effective in running my business but I don’t know if I can open a corporate account via Fintech bank

Business
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Ugwunweze Chiagoziem Nicholas
Ugwunweze Chiagoziem NicholasBeginner
Asked: March 31, 2026In: BANKING & FINANCIAL SERVICES

Which bank,do you recommend to a startup business in Nigeria?

For a startup business in Nigeria today, especially,or anywhere around the world,which bank do you recommend to this business, that is,a startup business,for them to use,inorder to accept both local transaction or payments,and foreign payment from customers? And why,are these ...Read more

question
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Dee
Dee
Asked: March 28, 2026In: BANKING & FINANCIAL SERVICES

Are FGN Bonds Covered by NDIC Insurance, and Are Stockbrokers’ Investments Also Protected in Nigeria?

The way NDIC Insurance covers commercial banks to the tune of 5 million max and 2 million for Microfinance banks, is it possible or likely for FGN Bonds to be insured by NDIC if you have bonds worth 5 million ...Read more

fgn bondsInsurancendic
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Noble
Noble
Asked: March 27, 2026In: BANKING & FINANCIAL SERVICES

Is Payable on Death (POD) Available in Nigerian Banks and Investment Accounts, and Why Isn’t It a Standard Requirement?

I read recently on social media about POD (Payable on Death) form in banking services that it can be requested to be completed so that whoever that his or her name filled on the form will be the one to ...Read more

payable on deathquestion
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Olatunde Kolawole John
Olatunde Kolawole John
Asked: March 24, 2026In: BANKING & FINANCIAL SERVICES

About Dangote's share listed on the stock market

What are the risks and benefits of investing in Dangote Group subsidiaries listed on the stock market?

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