Haruna Magaji, Author at Financial Watch

HOW TO OPEN A PARTNERSHIP ACCOUNT IN NIGERIAN BANKS

November 17, 2015 Haruna Magaji

A partnership account is designed for unincorporated business entities between two or more individuals of equal rights, they share their profit, losses, assets and responsibility […]

HOW TO OPEN AN NGO ACCOUNT IN NIGERIAN BANKS

November 17, 2015 Haruna Magaji

Non-governmental Organizations are non-profit organizations whose activities are usually towards charity. They get most of their funding from donations and government grants. As a result […]

HOW TO OPEN A JOINT ACCOUNT IN NIGERIAN BANKS

November 17, 2015 Haruna Magaji

A joint account is the type of account operated by two or more individuals. Each Account holder can effect transactions on the account, in accordance […]

14 Commercial Banks Post N2.6trillion in Nine Months

November 16, 2015 Haruna Magaji

In the face of tough operating environment, 14 of the quoted banks on the floor of the Nigerian Stock Exchange, NSE, have posted N2.618 trillion […]

How to open an estate account in nigerian banks

November 16, 2015 Haruna Magaji

An estate account is a bank account that is set up and opened specifically for the purposes of administering a person’s estate after they have […]

Account opening requirements for tier three kyc

Account opening requirements for tier two kyc

November 16, 2015 Haruna Magaji

The second level of KYC requirements as mandated by Central Bank of Nigeria (CBN) to Nigerian banks falls under the tier two KYC. This level […]

What is know your customer (kyc) in Nigerian Banks

November 16, 2015 Haruna Magaji

The term know your customer is used to extract basic and sensitive information about customers especially their source of income, it may also be used […]

ACCOUNT OPENING DOCUMENTATION FOR TIER ONE KYC

November 15, 2015 Haruna Magaji

Early 2013 the Central Bank of Nigeria (CBN) harmonized the KYC requirements for account opening across all banks in Nigeria. With this development all bank […]

CBN ORDERS BVN REGISTRATION PROCESS TO CONTINUE

November 13, 2015 Haruna Magaji

Customers got a breather on the Bank Verification Number (BVN), with the Central Bank of Nigeria (CBN) directing banks to ensure their uninterrupted enrolment on […]

List of banks in Nigeria, official websites and branches

November 13, 2015 Haruna Magaji

This article is about the updated List of banks in Nigeria, their official websites, media links and branches. Thanks to the activities of the CBN, the […]