7 Key Concepts of Non-Interest Banking Nigerians Should Know in 2025
To the onlooker, banking can sometimes feel like a world of jargon, numbers, and contracts you need a lawyer to decode. But here’s the thing: non-interest banking isn’t as complicated as it sounds. In fact, at its heart, it’s about fairness, transparency, and shared prosperity. Instead of money being made from money (through interest), non-interest […]
Combatting Food Insecurity and Fighting Hunger Levels – The Alternative Bank’s Food Bank Initiative
Every day, millions go hungry while tons of food are lost or wasted. That’s a painful paradox. When food disappears somewhere along the supply chain or is thrown away, that’s not just lost dinner, it’s lost opportunity, lost wealth, and lost hope. Globally, about 13.2% of food is lost between harvest and retail and around […]
Scam Alert: How To Protect Your Bank Account from Fraud
Picture this: Bassey has been saving money in his account because he needs to make a purchase at the end of the quarter. Then, he gets an email from what looks like a reputable brand, warning that his password was just tampered with and urging him to change it, with a link conveniently included. He […]
7 Must-Use Features on the Alt Bank App for Smarter Banking in Nigeria
You know how we all download and set up our bank apps once we open a bank account, and so begins the funds transfers, airtime buying, and even bill payments, and it looks like that’s all the bank app has to offer, well that’s not the case with us at the Alternative bank. Banking today […]
Non-Interest Banking in Nigeria: What You Need to Know About Ethical Banking
Ethical banking, non-interest banking; these are terms you’ve probably heard at one point in your banking journey, but what do these terms really mean in general, and what does it mean for you to bank with a non-interest or ethical bank? In a rapidly evolving financial landscape, non-interest banking is emerging as a transformative force […]
No More Panic: A Parent’s Guide to Paying School Fees Stress-Free
The arrival of every school year is predictable thanks to the academic calendar, yet the average parent is caught unprepared each year and then finds themselves scrambling for a way out. Not to worry, this is not us throwing shades or jabs, the truth is we understand that between the inflation rate and the increasing […]
What You Need to Know about Debt Service Coverage Ratio
1.2 Understanding Debt Service Coverage Ratio After Madam Mary’s outburst at Tolu for his bad credit report, (read about it here) he walked away sad and drowned himself in his thoughts. “How did Madam Mary know about my debts? It’s not a big deal. He was only eating Iya Abeke’s food on Credit and had […]
Your Beginner Guide to Building Strong Credit!
1.1 Credit and Credit Reports Before we get started, let’s simplify credit. Imagine Tolu, a teacher who works hard at a school next to Iya Abeke’s food place. Every day, Tolu eats lunch there. Sometimes he pays right away, but other times, Iya Abeke lets him pay later. Since May started, Tolu hasn’t been able […]
Fintech an integral part of Non-Interest Banking
” Universal access to financial services is within reach—thanks to new technologies, transformative business models and ambitious reforms… As early as 2020, such instruments as e-commerce platforms, alternate channels, e-money accounts, debit cards and low-cost regular bank accounts significantly increased financial access for those who were excluded. ” Fintech is the combination of financial services with digitization. Fintech, shortened […]
