SEYIBLOG

Credit Cards are cards that are common in everyone’s wallet. Credit card companies can cut some cardholders who aren’t making them money. Your credit card issuer has the right to cancel your credit card at any time. Sometimes the credit card holder may not even get a warning when his or credit card is cancelled. When you try to swipe it somewhere only, you learn that your card has been cancelled. Here are some specific reasons why the credit card company could cancel your credit card. Also See: How to Make Cool Money by investing in Nigerian Fixed Deposits. . Non use : This is the prime reason why your card will be canceled. Charge something to the card every few months and pay it off to avoid this. You can use your credit cards every three or four months to keep them active. Some credit card issuers charge an annual fee that can be waived if you use your credit card. Credit score : Credit card companies always have a keen observation on your credit card scores. If your cred...

December 6, 201 What is a Fixed Deposit: A fixed deposit is an investment with a specific amount of invested at an agreed interest rate and tenor. All banks in Nigeria offer this investment opportunity, however the rates you get when you invest in one bank may differ from what you get from another. Features of a typical fixed deposit investment Investment period (tenor) is a minimum of 30 days and a maximum of 360 days. The Minimum opening balance for this investment is N100,000. If the investment is terminated before maturity the total accrued interest not earned will be forfeited. Meaning only the portion of interest earned in the period that your money was in the bank is what will be paid to you. The investment amount can be terminated at the customer’s discretion. The interest paid to the depositor is subject to Withholding tax (WHT), which is usually deducted from the interest earned. Documents needed to open a fixed deposi...

The absence of a unique identifier in the Nigerian banking industry has been a major challenge inhibiting the effectiveness of the Know Your Customer (KYC) principle, with negative consequences on the growth of credit cards and other credit-related products. To complement the existing means of identification of customers, which include: the driver’s license; the International Passport; the National Identity Card; and the Permanent Voter’s Card; the CBN, in collaboration with the Bankers’ Committee on February 14, 2014, launched a centralized biometric identification system for the banking industry, tagged Bank verification Number (BVN). The Bank Verification Number (BVN) project is an initiative aimed at protecting bank customers and further strengthening the Nigerian banking system. The Bank introduced BVN to all banks’ customers to address the absence of unique identifier across the Nigerian Banking Industry. The BVN is a number that enables a bank customer to have a single ident...

Are you an account holder with Sterling Bank? You can submit registered BVN for enrolment with your Sterling Account. To link your BVN, please note the following; 1. Select the Bank your BVN was registered 2. Input your registered BVN 3. Select your Sterling Bank Account Type 4. Enter your Sterling Account Number 5. Enter your Mobile Number 6. Enter your Email  (optional) Click here to link your BVN with your Sterling Account. See the screen short bellow   

Guaranty Trust Bank plc is a leading African financial institution with vast business interests spanning West and East Africa, as well as the United Kingdom. The Bank has an Asset Base of over 3.213 trillion, Shareholders’ funds of 581.91 billion and employs over 10,000 people in Nigeria, Gambia, Ghana, Liberia, Sierra Leone, Cote d’Ivoire, Uganda, Rwanda, Kenya, Tanzania and the United Kingdom. Established in 1990 on a foundation of excellence, superior customer experience, ethics and best practices, GTBank has created an oasis in the African banking industry; delivering consistent year on year growth in clientele base and key financial indices since its inception. Guaranty Trust Bank is recognized as one of the most profitable and well managed financial institutions in Africa for providing quality service, ethics, professionalism, integrity, innovation and internationally accepted corporate governance standards.