Fund transfer: What to consider in choosing between NIP and NEFT

Nigeria Consumers Knowledge

THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications. Fund transfer is when you send  money to person or persons from your bank account using a transfer channel. You can transfer funds to people living within and outside the country using various transfer […]

Customers, agents get 1,000 free tickets as Air Peace marks 3rd anniversary


Nigeria’s airline, Air Peace has issued over 1,000 free tickets, mobile phones and other gift items to its loyal customers and agents to mark its third anniversary. The carrier, which commenced scheduled flight operations to five destinations on October 24, 2014, explained that the gesture was a way of thanking and rewarding the loyalty and […]

Ecobank extends rapid transfer services to customers

Ecobank has extended the capabilities of its Rapid Transfer product enabling all bank account holders in Nigeria receive money via the Rapid Transfer instantly from 33 African countries where Ecobank operates. With this development, a bank account holder in any bank in  Nigeria, who is privileged to receive transfer of funds from within Africa can […]

EEDC to monitor erring customers, staff in Enugu

The Enugu Electricity Distribution Company (EEDC) has constituted a new special task-force to monitor erring customers who steal energy in the state. The task-force also handles issues of extortion reported against its staff and other customer-related complaints. The Head of Communication of the company, Mr Chukwuemeka Ezeh, disclosed this to the News Agency of Nigeria […]

Fidelity Bank doles out N20m as promo ends

Fidelity Bank Plc. has rewarded 25 customers with gifts and cash prizes in the concluding draw of the “Get Alert in Millions” promo held in Lagos. In all, 13 lucky individuals won N20m while 12 individuals smiled home with consolation prizes such as generating sets and refrigerators. The promo which kicked off in August, 2016, […]

Try the new Diamond Bank internet banking

Diamond Bank Plc has launched its revamped internet banking platform as part of efforts to enhance the delivery of financial services to its customers. Its Head, Corporate Communications, Chioma Afe, in a statement, said the overhauled and refreshed internet platform reflects the bank’s strategic set goal to drive its financial operations and expand its global […]

KIA, Access Bank excite customers with Cerato promo

Fortune promo has reeled in some appreciable level of interests from customers who stand a chance of winning special prizes, particularly the Kia Cerato. For customers of the bank, it would be a dream come true winning the Kia Cerato. The promo is set to reward customers who maintain a minimum balance of N150,000 between […]

Eko DisCo meters industrial customers

Eko Electricity Distribution Company Plc (EKEDC) said it has metered all maximum demand (MD) customers within its network in line with the directive of the regulatory body, Nigerian Electricity Regulatory Commission (NERC). Maximum demand customers are huge electricity consumers such as industrial and some commercial concerns. Distribution companies realise substantial part of their revenues from […]

Kaduna Electric to end power rationing in Kawo, others

Kaduna Electric has assured three communities in Kaduna Metropolis, including Kawo, Kawo New Extension and Rafin Guza that the power rationing being alternated between the communities would soon be a thing of the past. The Team Leader, Power System Planning Kaduna Electric, Engr. Hamisu Ishaq, said the company was working on two options to address […]

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