Business News

New Month, No Debts

Now you have successfully applied for a kwikmoney loan, you’re wondering, ‘can I repay using my ATM card? Is cash payment allowed? Can I walk into any bank to make repayments?’

Published

1 year ago

June 5, 2019

NM Partners

With a new month upon us, most of us get reminded of the resolutions we made to usher in the New Year. The ‘new year, new me’ mindset, that somehow fizzled after a couple of weeks of commitment and a few ‘I cannot come and kill myself’. Well, you don’t need to beat yourself up, a new month should be a reminder that you always have a new chance at honouring your commitments and subsequently, achieving your goals.

Repaying your loan requires just the same (or more) level of commitment with the right amount of motivation. It should be one item ticked off your to-do list for the month as you go on to conquer the rest and get one step closer to your goal.

Now you have successfully applied for a kwikmoney loan, you’re wondering, ‘can I repay using my ATM card? Is cash payment allowed? Can I walk into any bank to make repayments?’

The good news is that technology has made it easier for us so you don’t always need to drag yourself out of your comfort zone to make repayments if you choose. There are multiple ways to repay your loan, you can repay on your mobile device using the USSD code (*561#) or the online option. You can also repay at an ATM or with cash at the bank.

How to Repay Loans

To use the USSD, simply follow these steps:

Step 1. Dial *561# and navigate to “pay loan” on your mobile device

Step 2. Select preferred payment option

Step 3. Follow instructions accordingly

Step 4. Repayment is immediately processed

To repay online, please follow these steps:

Step1. Visit www.kwikmoney.com, select ‘pay’ from the drop-down menu

Step 2. Enter phone number and OTP to complete authentication

Step 3. Select ‘pay loan’ then ‘pay with card’

Step 4. Follow the link to register your card then go back to the payment screen and select ‘pay with card’

Step 5. Click ‘proceed’ to complete payment and receive confirmation SMS

To repay using your ATM, please follow these steps:

Step 1. Insert your ATM card and select the ‘Quickteller’ option

Step 2. Select ‘Pay Bills’ then ‘Others’

Step 3. Enter ‘04354101’ as the Biller Code then enter the phone number used for your kwikmoney loan as the Customer Reference Number.

Step 4. Confirm payment to receive a confirmation message for your payment

To repay with cash, please visit any of the following banks: Fidelity Bank, Access Bank, UBA, GTBank, Keystone Bank, Wema Bank, Sterling Bank and inform them you want to make a kwikmoney payment on Paydirect. Use the phone number used for your kwikmoney loan as the Customer Reference Number.

For further enquiry or assistance, you may reach out to kwikmoney through any of these:

Chat: mykwikmoney.com

Email: [email protected]

Text: “Help” to 561 (9mobile only)

Call: +234 (0)1700 2274

visit kwikmoney.com today.

Editors’ Note: This is a sponsored content.

Appointments

Abbey Mortgage Bank announces appointment of 6 Directors

The Central Bank of Nigeria has approved the appointment of 6 Directors of Abbey Mortgage Bank.

Published

7 mins ago

November 25, 2020

Ugonnia Ozibo

Abbey Mortgage Bank announce the appointment of substantive Managing Director, and 5 Directors.

Abbey Mortgage Bank has announced the appointment of 6 Directors, including Mr. Madu Hamman as the substantive Managing Director.

The disclosure is contained in a notification, signed by the Bank’s Secretary, Geoff Amaghereon Esq. and sent to the Nigerian Stock Exchange market today, as seen by Nairametrics.

What you should know

Five (5) other Directors were appointed by the CBN – 2 Executive and 3 Non-Executive Directors.

The names and portfolios of the Directors are; Mr. Mobolaji Adewumi – Executive Director; Mr. Oladipupo Ayodele Adeoye – Executive Director; Mr. Nonso Okpala – Non-Executive Director; Professor Marius N. Umego – Non-Executive Director; and Brigadier-General John Obasa (rtd) – Non-Executive Director.

The notice also mentioned that all appointments have been approved by the Central Bank of Nigeria.

Obituaries

Just-in: Diego Armando Maradona is dead

Argentine football star, Diego Armando Maradona is dead.

Published

2 hours ago

November 25, 2020

Abiola Odutola

Argentine football star, Diego Armando Maradona is dead.

This was disclosed by the Premier League via its Twitter handle on Wednesday evening.

It tweeted, “We are deeply saddened to hear of the passing of footballing great, Diego Maradona, an extraordinarily gifted footballer who transcended the sport.

“Our thoughts and sincere condolences to Diego’s family, friends and those who knew him.”

He reportedly died of a heart attack on Wednesday at his home in the outskirts of Buenos Aires.

Maradona, 60, had recently battled health issues and underwent emergency surgery for a subdural haematoma several weeks ago.

We are deeply saddened to hear of the passing of footballing great, Diego Maradona, an extraordinarily gifted footballer who transcended the sport.

Our thoughts and sincere condolences to Diego’s family, friends and those who knew him. pic.twitter.com/qUyc5BJ1OD

— Premier League (@premierleague) November 25, 2020

Details soon …

Energy

FG to begin online registration, monitoring of petrol stations, depots

The DPR has stated that it will commence the remote monitoring, registration, and accreditation of all petroleum products depots.

Published

3 hours ago

November 25, 2020

Chike Olisah

FG to begin online registration, monitoring of petrol stations, depots

The Department of Petroleum Resources (DPR) has revealed that it plans to automate and begin remote monitoring, registration, and accreditation of petroleum products depots, retail outlets, and the entire downstream oil and gas industry, with the launch of the newly established Downstream Remote Monitoring Systems (DRMS).

While disclosing a statement in Abuja, the Head, Public Affairs of the DPR, Paul Osu, pointed out that the newly established Downstream Remote Monitoring Systems is expected to take off on December 1, 2020, after the launch in Abuja.

READ: Nigeria’s 5,000 BPD refinery will produce 271 million liters of petrol every year

According to a report by Vanguard, Osu explained that the DRMS is a web-based solution designed to provide intelligent regulatory and inventory management system for petroleum products supply and distribution from depot to retail outlets and also as a regulatory tool to monitor retail outlets and depot activities.

He said, “Other features of the application include retail outlets accreditation and re-registration, nationwide automated product inventory management, retail outlets coordinate recording for mapping purposes and transactions management and report generation of dealers nationwide.

READ: NNPC says local operators must improve capacity to achieve low cost of oil production

“The establishment of DRMS is another strategic initiative of DPR to continue to create opportunities and enable business in the oil and gas industry in Nigeria.”

It can be recalled that the DPR had a few months ago, launched the National Production Monitoring System (NPMS), another online platform to assist the oil and gas regulator accurately monitor national crude oil production and exports, through the provision of a system for direct and independent acquisition of production data from oil and gas facilities in Nigeria

READ: House of Reps summon Emefiele, NNPC GMD over unremitted N3.24 trillion

This is to ensure timely and accurate reporting of production figures and export data. This is also expected to guard against the crude oil theft that is prevalent in Nigeria’s upstream oil sector or reported cases of crude oil that is sold but unaccounted for.

The NPMS is an initiative that is developed as a replacement for the current paper-based report and ensures ready production reporting to the Federal Inland Revenue Service (FIRS) and the Nigeria Extractive Industries Transparency Initiative (NEITI) and other agencies.