Banking
Top Banking Hack of the Year 2020
If there is one national truth, it is that Nigerian banks will genuinely make you wish you had saved your money in a milk tin.
We aren’t even complaining too much about the heavy transfer fees, maintenance costs, crazy stamp duty charges, or the unavailability of the ATM machines when you need them.
Rather, the most pressing problem is the fact that even after enduring all these issues, going to the bank to sort out problems is almost impossible. Especially during the coronavirus, it is a known fact that if you want to be attended to in a bank, you need to get there before 7 am so that when numbers are shared out, you can collect one that would enable you to enter the bank on time.
Truly, it is an extreme sport. Sadly, it is almost impossible that you wouldn’t need to contact customer service at least twice in a year. This led us to wonder if it is indeed possible to actually bank with any bank in Nigeria without needing to buy a packet of tissue for your tears. Our quest for the ability to bank without tears led us to this banking hack you will thank God you discovered:
Digital Banking
Digital banking is almost too good to be true. Think of digital banking as normal banking but with everything done from the comfort of your own home- and when we say everything, we mean everything.
You can open an account, upgrade, get ATM cards, transfer and deposit funds from the comfort of your own home. Imagine saying good bye to queues forever!
However, our search was not finished; we further decided to search out the best digital bank in Nigeria. After several comparisons and searches, we landed upon the bank of your dreams:
Gomoney Digital Bank App
Here are the top reasons that gomoney digital bank app is the one for you.
You Do Not Need To Leave Your Home
The primary benefit of gomoney is that everything can be done from the comfort of your own home. You can open your account and carry out every banking service that you could ever need to from the comfort of your own home.
Excellent Customer Service
One of the things that frequently brings customers in is the need for customer service. Transfers could go wrong, money could get stuck, and wrongful debits could occur. Rather than needing to go to the bank, you can get full help by calling or chatting up any gomoney staff. Gomoney offers excellent customer service.
Cheap Transfer Fees
One thing that makes online banking hard or tedious to do is the cost of each transfer. However, gomoney has countered that problem. Each transfer only costs N8.5.
Share Bills
Gomoney also allows users to share bills. This means that you and a friend can pay your bits towards a bill with the use of gomoney.
Virtual Card
Gomoney offers virtual cards instead of physical cards. Even better, gomoney virtual cards are accepted on sites that usually refuse payments from Nigerian banks.
Final Words
In conclusion, Gomoney digital bank app is the best bank hack of the year. Download from playstore to get started today.
By Aduragbemi Omiyale
A collaboration to enable fast money transfers into Nigeria has been entered into between Flutterwave and Xoom, PayPal’s international digital money transfer service.
The partnership allows Xoom transfers to be converted by Flutterwave and settled locally in Naira, enabling quick transfers directly into recipients’ bank accounts at Access Bank, UBA, Zenith Bank, First Bank, GTBank, and additional participating banks across Nigeria.
The deal also enables Xoom’s global network with Flutterwave’s local payout infrastructure, allowing users globally to send funds directly into Nigerian bank accounts with improved speed and efficiency.
Nigeria is the leading remittance recipient in Sub-Saharan Africa, receiving over $20 billion in personal remittances in 2024. Despite this volume, receiving international payments has historically remained complex due to FX constraints and settlement delays. This collaboration helps address those challenges in a market of more than 232 million people, where the ICT sector is projected to contribute 21 per cent of GDP by 2027.
By combining Xoom’s expansive reach with Flutterwave’s local compliance and banking partnerships, the two companies are providing a more accessible financial corridor for the continent.
Xoom, a PayPal service, is a fast and secure international digital money transfer service that enables consumers to send money, pay bills, and reload phones for friends and family in approximately 160 markets globally.
As part of PayPal’s global payments ecosystem, Xoom leverages advanced fraud protection, compliance capabilities, and a trusted global network to help millions of customers move money quickly and securely across borders.
“We’re excited to have been chosen by Xoom for their Nigeria expansion. Millions of Nigerians rely on money from abroad to support everyday needs, whether it’s families receiving help from loved ones, freelancers getting paid for their work, or individuals earning income from the global economy. This helps make it easy and more reliable for people in Nigeria to receive funds and stay connected to opportunities beyond borders,” the chief executive of Flutterwave, Mr Olugbenga GB Agboola, stated.
By Aduragbemi Omiyale
An initiative known as Nigeria Lightning Rounds, designed to expand funding opportunities for Nigerian startups and small businesses by connecting founders with local and international investors, has been launched by ProvidusUnity Bank, in partnership with US-based global venture firm and accelerator, gener8tor.
Scheduled to be held on July 15, 2026, Nigeria Lightning Rounds will feature carefully selected startups engaging with targeted investors who have expressed interest in supporting Nigerian innovation.
Participating founders will have the opportunity to pitch their businesses through focused 15-minute virtual sessions facilitated by gener8tor and ProvidusUnity Bank’s networks.
The program will focus on high-growth sectors including fintech, healthtech, manufacturing, sustainability, and AI, but welcomes SMEs from all industries, with intending participants urged to apply via https://www.gener8tor.com/lightning-rounds/nigeria.
“We recognise that access to capital remains one of the biggest challenges facing entrepreneurs in Nigeria. Through our partnership with gener8tor, we are creating a platform that connects promising Nigerian founders with investors who can provide the support required to scale their businesses,” the Head of Business Development at ProvidusUnity Bank, Mr Ernest Elue, stated.
“The partnership reinforces ProvidusUnity Bank’s commitment to strengthening Nigeria’s entrepreneurial ecosystem by supporting innovation, enabling access to opportunities, and creating pathways for businesses with high-growth potential,” he added.
Also commenting, the Director of Lightning Rounds at gener8tor, Ms Elizabeth Larios, said, “gener8tor is thrilled to partner with ProvidusUnity Bank to extend the Lightning Rounds model into Nigeria.
“This collaboration reflects our commitment to building equitable ecosystems and driving capital to the most promising and underrepresented entrepreneurs.”
Lightning Rounds are a signature initiative of gener8tor’s investment platform, which has facilitated thousands of investor-startup meetings globally. The format is optimised to eliminate friction, reduce bias in early-stage fundraising, and help founders secure capital from investors aligned with their mission and stage. gener8tor’s previous Lightning Rounds for Nigerian Founders in 2025 featured 18 participating Investors and led to 50 investment meetings facilitated.
By Modupe Gbadeyanka
The verification of the depositors of the 46 microfinance banks, whose operating licenses were revoked by the Central Bank of Nigeria (CBN) over a week ago, has commenced.
The exercise, aimed at refunding those whose funds were trapped in the small lenders, is being conducted by the Nigeria Deposit Insurance Corporation (NDIC).
In a statement on Thursday, the agency said its staff members have been positioned at the offices of the affected banks across the country to attend to depositors.
It was disclosed that depositors of the defunct banks, who had their Bank Verification Numbers (BVNs) linked to their accounts in the failed banks, will be paid through their alternative accounts in existing banks.
However, depositors whose BVNs were not linked to their accounts in the failed banks have been encouraged to visit the affected banks’ offices with proof of account ownership, a passport photograph, verifiable means of identification (Driver’s Licence, Permanent Voter’s Card, International Passport or National ID Card) and BVN.
NDIC also stated that depositors can alternatively file their claims online through its website: www.ndic.gov.ng, to complete the Pre-Verification Claims Form by clicking on the Search Bar, and typing Pre-Verification Claims Form; opening the Form and filling in their details. They can also do so by clicking the link: https://ndic.gov.ng/ndic-pre-verification-claims-form/ or by visiting any of the NDIC offices closest to them to file their claims.
For further enquiries, the corporation can be reached on any of the following lines: 09037273810, 09038197064, 08104220807, 09064657140.
