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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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Fokona Latest Questions

umoren David
umoren David
Asked: March 19, 2026In: BANKING & FINANCIAL SERVICES

How Do Investment Institutions and Banks in Nigeria Actually Generate Profit Beyond Government Bonds?

You’ve often taught us to think like a bank that banks don’t let money sleep; they invest it in government bonds and other assets to keep it working. My question is this: if we’re to think like banks, and banks ...Read more

banking system nigeriainstitutional investing
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Multi Income
Multi Income
Asked: May 16, 2026In: BANKING & FINANCIAL SERVICES

Which bank or financial institution or Fintech does compounding fixed deposit?

What are the rates? Which institution can last for 30 years? What other investment has compounding interest apart from fixed deposit?

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olurin adebayo adekunle
olurin adebayo adekunle
Asked: March 23, 2026In: BANKING & FINANCIAL SERVICES

What Is the Purpose of an Overdraft Facility and a Term Loan in Business Financing?

what is the purpose of an overdraft facility and term loan for business financing Understanding Business finance terms used by Banks

business financingoverdraft
2
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Uche
Uche
Asked: August 9, 2026In: BANKING & FINANCIAL SERVICES

How can I link my existing CSCS account and CHN to another brokerage app in Nigeria?

I have an account with investnaija, but I noticed they don’t offer treasury bills. So, I want to sign up with another brokerage app, how do I link up my already existing CSCS and CHN with the new brokerage app?

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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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Eze Divinefavor
Eze Divinefavor
Asked: May 13, 2026In: BANKING & FINANCIAL SERVICES

Why Is My CSCS Account Not Linked to My MeriTrade Account in Nigeria?

My meristem has refused to register my CSCS after sending an email that it has been created and would be linked ” Dear Mr. Ugochukwu, We apologize for the experience once again. Your CSCS account has now been created, and this ...Read more

cscs linkingcscs nigeriameritradengx trading accountstock broker nigeria
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Jesse Edet
Jesse Edet
Asked: August 25, 2026In: BANKING & FINANCIAL SERVICES

How can a next of kin claim unclaimed cash of a deceased person?

A family got bereaved of their father, during the process of the funeral arrangements, they discovered that the dad had left about 2million Naira in his bank account. They contacted the bank with evidence of the account balance and bank credentials. ...Read more

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

What Is an Institutional Account in the Nigerian Stock Market and How Does It Work?

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

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Egeolu Nchedochukwu Celine
Egeolu Nchedochukwu Celine
Asked: May 14, 2026In: BANKING & FINANCIAL SERVICES

What Is the Official FCMB Customer Care Number in Nigeria for Urgent Banking Complaints?

Pls does anyone have the real FCMB customer service number? It’s urgent pls

fcmb contact numberfcmb customer carefcmb nigerianigerian banking
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Bethrand Friday
Bethrand Friday
Asked: March 20, 2026In: BANKING & FINANCIAL SERVICES

What Is the Step-by-Step Guide to Reading Financial Reports of a Company in Nigeria?

What is the step by step process involves in reading the financial reports of a company

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