₦airaland Forum

hayoakins: GTB charges as low as 500NGN and as much as 1500NGN for online transfer depending on the how fast you want it ...you select RTGS(real time gross settlement)...your account will scream for the debit charge that would be leveled against it , some other banks also charge crazily compare to FBN's, i just hope FBN will not do another upward review else i will run for my life sharperly ni ...am tayad of this financial institutions feeding off my ass

The last time i need to obtain my activation code for online payment from GTB, i had to purchase token which cost 3k, i wish i had gone for FirstBank's which cost just 2000NGN....

Yipeeeeeeeee....i found this online but it is as at JANUARY 2013, i guess it is before Firstbank increase their onlin charges ....see as Banks dey shop our money..... oga oh

Honadeadek: We ought not to be making issues out of nothing when it is obvious that firstBank online banking still remains the cheapest in the industry. Can it be compare to other banks online banking? NO. It is obvious that all Banks in Nigeria charge Commission on Turnover of #5 per mile so I don't except a learned like U to be saying all this.

I have Use their Online banking, Gtb online banking likewise Skye online banking and I can confirm to U authoritatively that FBN charges remains the lowest and the transfers are instant with the benefit out account number confirmation, and records.

Rexyl: @ jp Philips. If bank(s) should be doing like this I wonder what CBN regugulates, is solving one problem to create another a package for the customers?

Rexphobia: I will like to ask you few questions

1. Does any bank charge below 5 per mille as COT?
2. Where does VAT go to?
3. ionIs there any charge on email alerts ?
4. Have you done an industry analysis to compare transfer charge via online...let's say how much does gtb charge for transfers?
5. Don't you think your analysis is one sided? Kindly provide a comparative analysis.

ucheibe2: I am a fifty year old man and recently lost my job. I have never been self employed and am scared what business to invest my money on, so as not to lose my money. I need advice on a profitable and less risky business I can invest my money on. A friend suggested printing press, is it lucrative?

I will be glad to be paying you 400k monthly and will return your capital with 2 months notice.
you will be entitled to an extra 50k per week should there be any delay in payment.

i don't need to take you to my river, just eat the fishes

gonzaga: Hello all, I am personally pleased that someone is bringing up this topic. I am going to address this issue from an informed perspective as this is currently my desk in the bank. Mobile money generally means; banking on your mobile phone. It allows you to send money, receive money, do airtime top-up, bill payments and bank transfers. These functionalities listed are for Ecobank mobile money.

The agents are all those who offer mobile money services outside the banking halls. They could be supermarkets, pharmacy, recharge card vendors etc. The main transactions an agent performs are; wallet cash-in (deposit), wallet cash-out(withdrawal) redeem(unregistered user cash-out). As an agent, you earn commission for all the transactions you do on Ecobank mobile money. Mobile money is available to all those who own mobile phones at no registration cost.

To register for Ecobank mobile money, you dial *326# on your glo, etisalat or airtel. It will take you through an interactive registration process. Once registered, you can effectively do the listed.The fastest selling functionality on Mobile money generally is the air-time top-up. Airtime top-up allows you to top-up your line or send airtime to any other line. Very soon, card production by telcos would greatly reduce and eventually frizzle out. This they say will help them in reducing current call tariffs. This means that all those currently engaged in recharge card business must as a matter of urgency, look for ways to become agents. This will allow them to have a business when recharge card selling becomes obsolete.

If you imagine how the=N=20 call centers frizzled out as soon as the per sec billing was turned on, you will have an idea of what will happen to those currently engaged in recharge card business when mobile money eventually takes root. The agency concept is another way employment can be generated as it affords agents the opportunity to earn commissions.

For further enquiries on Ecobank mobile money,clarifications or questions, do feel free to call me on 07045304537.

The future is mobile, don't be left out!!

Rexyl: Let's Discuss First Bank Mobile Money(first Monie)

PLs let us hear from you if you have been using this product. They have different categories of agents to help facilitate transactions. You do not need to open account with them to use the service, Everything is processed through your mobile phone and the mobile number becomes your mobile account. You can send money to anyone with mobile phone even if he has not registered, and also very easy to receive cash into your acct or by hand at the First Bank ATMs or from their agents. Aside this you can pay your bills and top-up your mobile credit. Now,

What it takes to be an agent and what makes the categories?

What is the agent's commission?

What is the transaction Charge related to each direction of the transaction?

Let's hear from you

you just beat me to it, i was about opening a thread on this subject matter this morning

FBN sent me a message saying that from 11th of feb 2013, all transfers to other banks below 500k will attract #105 while above will attract #150. it was 47 naira before now across board.

i have not gotten any similar notice from my other banks, which leads me to believe that it is not an across board directive from the CBN.

FBN is trying to set a precedence that will be worse than the ATM saga, we are talking about above 150/105naira multiplied by total transactions per day, this is absurd.

the CBN Gov. convinced Nigerians that the Need to go cashless was permuted to reduce cash transfer risk and logistics charges including cost of printing notes, FBN this month has turned it into an avenue to extort customers.

the internet infrastructure we use to facilitate those transactions are being maintained in part by both the customers and the bank.

this defeats the cashless policy of the CBN and it is more worrisome why the CBN boss is keeping quiet.

if we save money for the govt for printing less cash, cash handling charges, security etc, the least they should do is to charge less on those transactions.because we bear a brunt in the internet infrastructure

for a transfer from an FBN maintained current account, you are charged COT per tramnsaction, charged alert on the transaction(which i have noticed in recent time is higher than other banks), charge you inter bank transfer rate, charge you VAT on COT and sundry vats.

amidst this jamboree on your account, they hardly pay a reasonable interest on savings account.

what the new policy entails is that for every 1,000 naira you transfer from your FBN maintained current account to another bank (after paying for your internet),
you lose another

173 naira,above 10% of my transaction worth? God help you if you transfer above 500k. Now if you dare transfer 1million naira or 500k on POS, kai! your account will squeeze face immediately.

what good reason does first bank have for these arbitrary charges? cost of cash handling over the internet? cost of printing e currency?


imagine charging me VAT on COT? VAT on the money you are making from my money shouldn't it be the other way round?
why not charge VAT on SMS charge?

FBN are the latest thieves in town, im putting those accounts on hold pending when those Agbero in Suit realize that making money is not easy in Naija.

the most annoying of it all are salary accounts where you have to transfer to 50staff at a time, the bank charges alone is enough to hire an extra staff. Nonsense!!!

Biafra rep: FALLACY! No western country see Nigeria in the same level with Ghana or Togo et al. 1, Nigeria is Africas biggest oil producer and one of the biggest exporters in the world. 2, Nigeria is the most populous country in Africa with a huge market of 170 million people. 3, Nigerias economy is the second biggest in SSA. 4, Nigeria is self sufficient i.e we do not rely on foriegn aid unlike many other countries of Africa. NO COUNTRY IN AFRICA COMBINE ALL THESE QUALITIES! Russia is no longer the USSR super power we used to know, the only thing they have going for them now is huge oil and gas deposits and nuclear bomb. Their technology has become obsolete and corruption there is even worse than in Nigeria.

Ikenna351: But lets not forget that using the DRL will cost you your car fuel economy. Running headlights when engine is running (daytime or nighttime) will consume more fuel, though not much. Switching headlights on will place load on the Alternator which will cause a drag on the Alternator, and this will make the engine to need and add more power to drive the dragging Alternator pulley, thereby requiring more fuel for the added power using to drive the Alternator. The more electrical gadgets you put on while engine is running, the more fuel the engine consumes. But as for the DRL, the consumption shouldn't be much, I think.

Ikenna.

Onyocha: Russia is not Iran,where Nigeria can cease its containers destined for another west african country because of american/israeli pressure and diplomatic games.Russia is not Iran where the SSS, through some local action congress politicians in ilorin can frame a rival politician who happens to be a Shi'ite Muslim and accuse him of "spying for Iran" and give israel's intelligence war over iran a boost.

Russia stood with Syria and its president,Bashar al assad,and the West can't repeat the libya scenario in Syria.

Nigeria may need Russia in many fields.and cooperation with both Russia and China is essential to break Western hegemony over Nigeria.our government should not let western influence dictate Nigeria's foreign policy and how we interact with countries hated by the west or viewed as western rivals.

From the report I read,the sailors had licences for their arms and they also informed the Nigeria Navy of their entrance.I hope its not some bribe seeking officials that want to lead us into a mess we are not prepared for.

solomon111: Acually,you are right in a way.
Militarily,we are more like togo to them,but in terms of influence in africa,we matter.
Nigeria is a major decider of who benefit what,from the vast african resources through the organ of the ECOWAS and also through the A.U.
The only nation who can boast of such influence in Africa is southafrica.
Do you think ghadaffi would have been killed if Nigeria hadn't agreed to it?
Hell No!!
2)There are no viable alternatives elsewhere.
Africa is the richest continent.
The only alternative is Asia/ME,which we all know is unstable.
Have you ever wondered why china and the west are in 'cold war' over Africa?

solomon111: There is nothing russia can do except to withdraw support for Nigeria.
But then,i don't think russia wants to be at enmity with an African superpower like Nigeria,even america can't afford it.

eduson33: i dont know why some nairalanders are soooooooooooooooooooooooooooooooooooooooo silly..

if those guys are found guilty;;lock them up and throw the key inside river niger:let russia do their worst..

taaa gba fuo,
who send you?Russia ni..

Albedo27: some people dnt know d difference btw 2000k and 2k. 'K' alone means a thousand, so when u multiply 1000 by 2000, it amonts to #2,000,000 i.e 2million.

FXKing2012: I said they split the bills, I never said she picked them.The normal thing is to share the expenses based on percentage of earning. So if they both spend, for example, 20% of their monthly earning on bills, then that's considered as splitting it 50/50 because they are spending thesame percentage of earning.

ayosmiles: Fame and success are goverened by the rule of demand nd supply and not morality. Btw, morality is subjective, u will always xplain morals from your point of view. If some pastors who do these so called lewd things in secret are celebrated for d good things they do in public, thn celibrities should be celebrated for every good thing they do in public despite some other acts that some people find immoral. Who are u to say something is immoral. Goldie deserves to be celebrated, she carved a nich for herself nd introduced new concepts. She is a peace ambassador and an advocate of nonviolence against women. Is that not good enough. At least she didnt steal or harm anybody. U ppl critizizing her, wht have u done for your society? If u dont like her its a personal thing, then look the other way

funkydot: @Op
What is all dis sanctimonious nonsense you have just penned that all your ilk here are celebrating?!!! People like you make me sick because you just take a look at someone and condemn then from your high viewing pedestal based on media representation wtf! Just because Goldie lived part of her life in the face of the public being an entertainer doesn't mean she can be trashed for whatever we deduce from her so-called lifestyle forgetting that most of our generalisation about these so-called celebrities are mostly based on assumptions and half-truths. Besides the fact that we found out Goldie was married after her death as well as her celebrated relationship with Prezzo, there doesn't seem to be any other scandal associated with her...now if you would be reasonable and agree with me that in between her so-called 'secret marriage' and dalliance with Prezzo there are a lot of grey areas that we do not understand and perhaps may never know nor is this really any business of ours.In view of the fact that the main man (i.e. her hubby) who should have felt slighted or wronged by this 'adultery' kept praising her really makes me wonder what exactly all this hullabaloo is all about! I believe each and everyone of us should examine ourselves to see if indeed we are living exemplary lives before this castigation of Goldie. For the records, I had no intention of holding brief for her because I could barely stick her while she was alive, perhaps I even said some mean words about her during the BBA episode because she came across as a needy and clingy lady not particularly my type of role model because I mostly admire strong women but this whole ish on her death and lifestyle is just totally pitiful so please let's put some sensibilities into our comments remembering she has loved ones that will be grieving her early demise. Just my 2 cents.

safarigirl: Who dem been wan appoint before?

We have the best military in West Africa, we sent the highest delegation...if dem no appoint Nigerian kasala go burst for camp, even ECOWAS people know how stubborn Nigerians are, if they're not recognised as leaders, they will make sure the leader doesn't have it easy.

And with the highest delegation, you wouldn't want to risk mutiny

You have the best military in west Africa like West Africa is a militarized region? being the best amongst dogs doesn't make you better.

you guys sent about 3,000 soldiers which is a whole lot no doubt compared to other west African countries, quite commendable, but the sad truth is that the French forces who have captured several cities preferred to work with a paltry 1,300 Chadian soldiers not Nigerian soldiers due to lack of discipline.

at the battle of Gao, headed by the french, we saw them side by side with the Chadians whose role was to cordon off the Algerian border to prevent the militants from escape, the same situation repeated itself at the battle of Konna.

the realistic question is this; what are the Nigerian forces doing in Mali?

A news reporter who alleged that the indiscipline and poor equipments may form a reason for the Nigerian forces be kept at the back bench, On Nairaland,we crucified her saying she is biased, today, we know who is doing the real battle in northern Mali and who is frog jumping civilians in the name of stop and search.

I think this Appointment is a consolation price for our jobless stop and search soldiers in Mali, i implore the president to bring our brothers and sisters home. or perhaps the rest soldiers from other countries are busy while ours are idling away hence the need to make them useful.

bobbydbobo: Here's wats happening nd wats gna happen.: The west, under wide nd secretive consultation are looking for an opportunity to burst Nigerias bubble, so they say, let's find a reason to get there, nd like they do wen it comes to other nations, they send a black ops team, for a clandestine operation, they kidnap their own pple, nd play under the pretext that it is boko haram, cos any reasonable man wld biliv that cos that's the most reasonable thing to biliv in the circumstance. Nd then they decide to work with the nigerian govt nd hereby deploy their troops, assert their stations, form a black site somewhere all for what? To monitor our govt, dictate through neo-colonialist means, nd also ensure a free flow of oil for the next American Generation., I said "American gen." because they are our First "friends"in times like that so theyld come up first nd welld welcome them wiv open hands... Ohhh, I love America... Asserting their power cos they are worthy of it..... I'm still waiting for that person who will come here to make a comment nd say I watch too many movies, nd illd laugh at such folly.....

tonididdy: I HATE YOU FOR LIFE FOR SAYING THIS...how can you lie to this extent...'a thing of pride',u must be high on something.rephrase this quote now,i mean an apology or i will show this post to the Oba of BeninKingdom and u'll pay dearly for this.

Dee60: Our country needs to be made better for Nigerians. Germans made Germany for Germans to enjoy. Italians made Italy good for Italians. Africans choose to steal their own money and stach them in Europe for Europeans to use to develop Europe. This curse must be broken.

Ivynwa: I'm speechless at these pictures and still trying hard to believe that girls throw down mattresses in the forest (or do they even live there in the forest ). Where is the proof that those mattresses were laid by Nigerian girls or they are just writing terrible things and ascribing it to Nigeria as if our country is the capital city of hell fire. Let them remove these disgusting and undignifying pictures from the net and stop connecting the name of our country to it.

How can they snap pictures of a condom dump site and write and ascribe it to Nigerian girls? What shows that that refuse was from Nigerians and not people of other countries? what is the name of the media house that wrote that stuff let me write and tell them not to be connecting Nigeria to their damn rubbish.

Kassidy90: If u impregnate a woman at age of 60, that means u ar not planing on having a grandchild b4 u die, though I know having a grandchild is by God's grace but at least we must also plan for it....

ndlife: Plan are welcome

Sincere 9gerian: The comrade governor should better watch it. Pride they say come before a fall. Like I wrote earlier, he's becoming too arrogant and dictatorial. If he has issues with the bills and proposal made by the minister of information, he could have communicated the minister of information thru the proper channel, rather than making it public.

Rather than have the minister of information idle away in air-conditioned offices in Abuja, I prefer him being in the field. If possible, I would prefer an ENDLESS good governance tour. It also helps to keep contractors on their toe.

It was on this same platform few days ago that the "Eko oni ba je" crew celebrated and praised Fashola for inspection of ongoing projects in Lagos. Why are these same persons now allergic to inspection of ongoing federal projects by the minister of information? This is just one example of the smelly HYPOCRISY we see on this forum.

Also the good governance tour is not just about inspection of projects, but it also provide RARE opportunities for the governors and minister to answer UN-EDITED/UNDILUTED questions from ANYWHERE in the world.

Back to the comrade governor. I recall how the governor threatened to fight the private company that won the bid for the Benin PHCN distribution company just because the company the state govt supported failed. I was shocked to the marrow that the respected comrade governor could behave in such manner. His actions in that respect raised a red flag and I became afraid that this man may not be the 'clean' politician/activist we think he is. The implications of what he did then is that if he was the president he would have manipulated the privatisation process to favour certain interest.

Am4obama: Rivers 15k.

chess guru: Delta pays 5k (if your are luck )
Voice mail tins
Also rivers pay 10k for remote locations, and 5k for posting within port harcourt.

feelamong: When the so called good governance team came to Abia state, they passed a verdict that the clown in power there is doing a marvelous work!

The midget called Labaran looked at Abia people oand said he was impressed with the level of work done in that state.

Is that what the tour is all about? A band of clowns go on a circus and then end up by telling people that their folly has been worth the while! Tufia!!

Sincere 9gerian: I like governor Oshiomole alot and he's definitely one very popular governor. However, he should watch it because he's beginning to exhibit arrogance and dictatorial tendencies.

I understand the national good governance tour is a programme of collaboration between the FG and 36 state govts (and FCT). I'm surprised the comrade governor now tagged the national good governance tour a "federal govt programme"

After watching some of the live telecast of the national good governance tour in some states, I concluded that we need more of such programmes. On every occasion that I watched the live telecast of the citizens forum, UNDILUTED questions were asked by citizens resident in any part of the world. And the governors and minister of information labour to provide answers to all the questions.

No matter how the comrade governor has performed, there are always issues and problems (some of which the governor may not be aware of) that may require further clarification.

Moreover, democracy is not a one man show. There should be continuous conversation between the leaders and followers. Avenues for such conversation can never be surplus. The good governance tour is one of such avenues for conversation between the leaders and the people.

If the governor can sponsor the camping of national football teams in Edo (which he has done in the past), he should be able to provide counterpart funds to support the 3days visit of the national good governance tour team to Edo state.

CFCfan: And the drama continues. It's shocking that APGA has THREE factions! Why can't most Nigerian politicians obey constituted authority?
It seems everyone wants to be his/her own boss.