Bitcoin in Nigeria: After the Ban

Recently, the Central Bank of Nigeria (CBN) banned Nigerian banks from dealing in all forms of cryptocurrencies; including bitcoin.

Why was Bitcoin banned?

The Central Bank of Nigeria citeduse of digital currency for laundering and terrorism‘ as the chief reason for banning cryptocurrencies. This comes shortly after several bulls run in the price of bitcoin, gaining over 300% price increase from 2020.

Starting earlier on the month of February 2021, Nigerian banks and other financial institutions were authorized by CBN to cease crypto transactions or face a penalty.

Away from the financial powerhouses, experts have analyzed how bitcoin ban in Nigeria would impact local traders.

The Nigerian cryptocurrency market

Looking back at statistics, Quartz Nigeria placed Nigeria as the second-largest bitcoin market in the world after the United States. Stears Business reported in February 2021 that over $200 million worth of crypto is traded from Nigeria monthly. That’s a huge market to consider!

The bitcoin ban in Nigeria simply means that it would be difficult to directly convert the Naira to bitcoin, or trade bitcoin for items.

However, it does not stop at that.

The CBN regulation immediately affected many fintech establishments in Nigeria dealing with virtual accounts. Providus bank took a special hit, having to halt all virtual accounts following the order. VTpass had to temporarily deactivate all virtual accounts and recently reactivated all accounts with new virtual account numbers.

Conversations following the ban continue to float all over the internet. But what is the solution? What is the way forward for Nigerians looking to continue crypto trading amidst the ban?

Here’s our researched take:

  1. Consider Peer-to-Peer Trading: Pending when the ban would be lifted, the most viable solution to buy crypto at the moment would be P2P trading. This is buying privately from a trusted source (a friend, a local agency, etc.) as trading involving bank transfers would be impossible.
  2. Create a Domiciliary account: Well, since there are no restrictions on domiciliary accounts, you can open one, convert Naira and Dollars, and trade cryptos through that account.

Cryptocurrencies trading may have been banned in Nigeria, that doesn’t mean the digital currencies are done for. The future of cryptos for the African market remains bright against all odds.

First Series WAEC Registration 2021 Now on

If you are preparing to write WAEC/GCE by March this year, or know someone who is; WAEC registration 2021 is now ongoing!

This first series examination for Private candidates would commence on March 2021 and end by April 2021.

Candidates are advised to start registering early as registration ends by January 29th, 2021.

To register, you can pay enrollment fees at a secondary school or Exam centers. However, some schools and exam centers have been known to charge up to N50,000 just for enrollment.

waec registration 2021

So why pay that high when you can cut enrollment costs by buying WAEC Registration 20201 PIN online?

Here’s how to buy WAEC Registration 2021 PIN online:

  • Simply log on to www.vtpass.com/waec-registration
  • Select “Exam Type”
  • Input your phone number and email address
  • Click on Continue to move on to the Confirmation page
  • Choose your payment method you can pay with Wallet or Bank Transfer
  • Confirm payment and pay
waec registration 2021

That easy! Your WAEC registration 2021 PIN is delivered to you via email and SMS and also displayed on VTpass website immediately after payment.

With your PIN, simply head over to www.waecnigeria.org to visit any center to complete your registration.

If you encountered any problems when buying PIN or didn’t get PIN after payment, simply contact VTpass Support. See why your PIN may not be delivered here.

VTpass got you covered.

WAEC 2020 Result Now Out! How to check WAEC Result Online

If you participated in the 2020 West African Examination (WAEC) or know someone who did, it’s time to rub your hands and see the scores.

As announced by the WAEC Head of National Office, Patrick Areghan; the 2020 result for over 94% of students who sat for the exams is out and others are still been processed.

This is to inform all the candidates that participated in the 2020 West African Examinations Council (WAEC) May/June West African Senior School Certificate Examination (WASSCE) that they can now check their results online.

How to Check your WAEC Result online

You would need a WAEC Result Checker PIN to be able to check WAEC result online. Simply visit www.vtpass.com/waec-result to buy your Scratch card PIN at N1,800 only.

You get your PIN immediately after payment, displayed on VTpass website or app, and sent to you via email and SMS. Here is how to check your result online;

  • Buy a WAEC Result checker PIN at www.vtpass.com/waec-result
  • Go to WAEC 2020 result checking portal at https://www.waecdirect.org.
  • Enter your WAEC Examination Number in the required column.
  • Select your Examination Year i.e. 2020.
  • Select your Examination Type i.e. SCHOOL CANDIDATE RESULT.
  • Enter the Card Serial Number.
  • Enter the result checker PIN
  • Finally, click the “Submit” button to get your 2020 WAEC Result.
how to check waec result

Statistics dished out by WAEC show that over 65% of candidates who sat for the exam obtained a minimum of credits in five (5) subjects and above, including English Language and Mathematics.

That is some good news! Get your result checker PIN at www.vtpass.com/waec-result and log on to https://www.waecdirect.org. to check your result now.

Insurance: 5 Common Myths vs Facts

What comes to your mind when the word “Insurance” is mentioned? Do you cringe or smile? There are sets of perceptions in most people’s minds about Insurance, but are these perceptions myths or facts?

There is no denying that insurance can be incredibly complicated, both in theory and practice. So it’s little wonder that sometimes rumors, myths, and untruths can be held as fact and disseminated as such.

In this article, we want to smoothen out some of the twigs from the drink. Here are 5 common myths about Insurance and the facts that prove them wrong:

Long read? Watch video summary instead

Myth 1: Insurance is expensive

Let’s start from where it concerns our pockets shall we? The popular misconception that only the rich can afford insurance is as funny as it sounds.

Let’s face it, that idea is so old and gone. With stiff competition in today’s insurance market, premiums for covers gotten more affordable. For some covers like motor insurance in Nigeria, prices can be as low as N2,500 a year!

The most remarkable of insurance cost is that of health insurance in Nigeria. A 2017 report puts the average cost health insurance plan at N35,000 for individuals and N125,000 for families. While this is affordable considering the cost of medical treatment in the country, you could get top-notch health covers (with private treatments) for even less at VTpass.

Now, imagine having all-round health insurance for only N15,000/year (N2000/month) for individuals and N60,000/year (N5,500/month) for families?

How affordable can that get?

insurance myths

Myth 2: Insurance companies are fraudsters

I was in a conversation with a friend one Saturday evening when an Insurance salesman walked by. His pitch was about how fast an insured would be compensated after a loss. You should have seen how my friend chased him away.

He did this because of the terrible experience he had with an insurer who refused to compensate him after a loss occurred against his burglary cover.

The mistrusts in insurance companies is perfectly understandable. Agreed, there are fake insurers out there who aren’t really in business to serve but to steal.

However, not all insurers are fraudsters. We have reputable, world-class insurers in Nigeria. In 2019, total claims paid out by insurance companies in Nigeria amounted to N98.9 billion; a 16.5% increase from N84.9 billion paid out in 2017. If all insurance companies are fraudsters, banks and top businesses would not commit hundred of millions annually to insurers to cover potential risks.

The solution is simply to buy insurance from reliable and trusted sources only. Companies that are backed but by NAICOM and duly regulated.

insurance myths

Myths 3: Is Not Safe to buy Insurance online

For real? Wow.

So we can literally buy airtime and data, work online, transfer money, pay electricity bills, do all kinds of stuff online – but not insurance? Terribly wrong!

Digital technology is the future no one can escape from. Today with reliable online platforms like VTpass, your cell phone, and internet connection; while sitting in your home or office, you can get any insurance you want!

At VTpass, we deliver your policy to you digitally and physically after purchase. When it comes to claims, you can trigger settlement by clicking the claim button on our website. It’s that easy.

Africa and transforming digitally, taking all industries in its whirlwind. A few years from now, there wouldn’t be need for person-to-person interaction before quality insurance is sold.

A word of advice though; only buy from proven and trusted online platforms. Visit www.vtpass.com/insurance today.

Myths 4: Buying Insurance takes a long and tedious process

If you’ve tried buying insurance in the ’90s you would be amazed by the paperwork that goes with it. Then there are the long questionings by medical examiners or risk assessors, etc.

All that is old news now.

Insurance companies have modified proposal forms and other documents to collect only the barest, necessary information (no one is going to ask if your mum had green eyeballs or not). Add that improvement to today’s digital technology and we have an insurance system that delivers covers in minutes!

insurance myths

Today, you can get a motor cover in less than 10 minutes when you buy at VTpass. No stress. We have eliminated the need for tedious processes with our innovative payment solution.

It’s no wonder why Nigerians rely on VTpass to get quality insurance covers day in-day out. Our secret is simply partnering with Nigeria’s top insurance companies with proven track records of prudence and claim settlement.

So if you ever have a need for car insurance, health cover plan, personal accident insurance, or home insurance; simply visit www.vtpass.com.

We’ve got you covered.

4 Ways VTpass Can Help You Avoid Banking Halls

Banking halls these days can be tiring. Even before the start of the coronavirus pandemic, crowds in banking halls can simply put you off.

Nowadays, with a huge necessity to avoid crowded places; one needs to find alternatives to carryout most bank-related transactions without risking health and safety.

Here are a few ways VTpass can help you complete bank transactions while staying safe:

how to avoid banking halls

1. Pay Bills Online, Conveniently

Nothing feels better than being able to lay in bed, curl your toes and pay bills easily using your computer, tablet, or smartphone.

Our high traffic website: www.vtpass.com can be accessed on any platform and you can perform transactions in three easy steps; Login > Select > Pay!

VTpass has a wide range of options and our lists of services keep growing! You can:

  • Transfer money to any Nigerian bank, no matter the amount.
  • Buy airtime or data instantly: MTN, Airtel, Glo, 9mobile
  • Internet payment: Smile airtime, Smile data, etc.
  • Pay electricity bills whether prepaid or postpaid. Get meter token delivered to you instantly: IKEDC, IBEDC, EKEDC, AEDC, KEDCO, JED, PHED, KAEDCO, etc.
  • Renew TV subscriptions and get reconnected immediately : DStv, GOtv, StarTimes, etc.
  • Buy top-notch insurance covers from leading insurance companies in Nigeria: Third-party motor insurance, Health insurance, Personal accident insurance, Home insurance, etc.
  • Pay education bills such as WAEC Registration PIN, WAEC Checker PIN, etc.
vtpass mobile app v2.0.2

2. Free Mobile App for Transactions

Enjoy the easy bill payment experience better when you download the VTpass mobile app from Google PlayStore. The app is optimized to work on any android devices.

With its lightweight, speed, and easy-navigation features, you can complete transactions anywhere, anytime by simply tapping few buttons.

how to avoid banking halls

3. Free VTpass Wallet

Technology makes life easier every day and so does VTpass. With VTpass auto-wallet, you can store funds for bills payment all in one place. It gives you a lot of benefits:

  • Separate funds for settling important bills from other funds by simply transferring your bills-funds to your VTpass wallet.
  • No need to input card details every time you wish to make payment. Just tap and pay.
  • Funds transferred to your wallet is 100% safe.
  • You are in total control of your money!

Read more: How to activate VTpass auto-wallet.

VTpass.com- Bill payment platform
VTpass.com- Bill payment platform

4. VTpass agents

Not a fan of online transactions? Why not visit a VTpass agent near you to carry out transactions. These are basically moms, shop-owners, students, etc partnering with us to serve you locally.

Payment is truly at your convenience with VTpass, no need to rush or queue in banks. Just visit www.vtpass.com! Innovation never stops here. We remain committed to making payment for everyday services easy and stress-free!

Didn’t Receive WAEC/GCE Registration PIN after purchase? Here’s What to Do

When you buy WAEC/GCE registration PIN from VTpass, you enjoy instant PIN delivery to your phone and email; immediately after payment.

Registration PIN is equally displayed on VTpass web or app once delivered. You can simply screenshot this information or write it down.

However, in very rare circumstances where did not receive PIN in your text or email inbox, a number of reasons might be responsible for this:

  1. Payment hasn’t been received at our end and so the value hasn’t been delivered
  2. We’ve sent you an email but it delivered in your spam folder
  3. We’ve sent you a text but it didn’t deliver because your line is on Do-Not-Disturb (DND) service
  4. Your phone is switched off or unreachable as at when sending you the text
  5. Network issues caused a delay in delivery of either mail or text

For any of the reasons above, there are steps you can take to resolve them before transferring a request to VTpass support.

waec pin

What to do when PIN is not delivered instantly

  • We advise you to wait for an hour after payment. This would allow our system and third party merchants to work out payment before PIN is delivered.
  • If you didn’t receive our PIN via mail, kindly check your spam folder
  • If PIN didn’t deliver via text, it might be that your line is on DND. You would need to deactivate yourself from DND. To check if your line is on DND, text STATUS to 2442. To opt-out of DND, text ALLOW to 2442. Alternatively, you may contact your network provider to deactivate.
  • Always ensure that your phone is switched on when making payment. Although some messages deliver when you finally switch on your mobile, it’s recommended to leave it on.
  • When network downtimes get in the way, there is really little we can do until the issue clears. You would receive registration PIN immediately the network is stable.

Buy WAEC/GCE Result Checker PIN easily from the comfort of your home.

VTpass always got you

We have mentioned that PIN would be displayed on VTpass website or app when delivered, but we wouldn’t stop there! VTpass support is on standby 24/7 to assist you with any issue.

waec pin

If you have done any or all of the solutions above and still haven’t gotten your PIN; simply chat us live through the web or app, send a mail to support@vtpass.com or call 08138752358.

Equally connect with us on social media @vtpass: Facebook. Twitter. Instagram.

How to Register for the 2020 GCE Online

So here is how you register for the 2020 General Certification of Examinations (GCE) sitting:

  • First, you need to buy Registration PIN online
  • Register online on WAEC
  • Read WAEC General Information before the examination

Buy Registration PIN online

Technology has made life easier and you can’t afford to be left behind. The coronavirus pandemic effects have further changed the way education is acquired and exams written.

With your smartphone and reliable online platforms like VTpass, you can buy GCE 2020 Registration PIN from the comfort of your home. Here’s how you do so:

how to register for gce online
  • Simply log on to www.vtpass.com/waec-registration
  • Fill in your correct details (your phone number and email)
  • Click Continue to move to payment page
  • Confirm and complete payment (no extra charges)

Easy! Registration PIN is delivered to you via email, the web, and text immediately after payment. No stress. No delays.

Register online

The age of registration centers is ending fast. Online provides better convenience, registration speed, and saves you cost.

With your registration PIN in hand, simply head over to https://registration.waecdirect.org/ to register online. Registration would be performed over 9 steps:

  1. Login
  2. Enter Bio Data
  3. Capture your picture using WEBCAM
  4. Contact Information
  5. Selection of Preferred Examination center
  6. Selection of subjects
  7. Declaration
  8. Submitting of registration
  9. Printing admission notice/photo card
how to register for gce online

Other Registration Information

Candidates with special needs will also register online like other candidates but they must dearly state their disabilities e.g blind, low vision, spastic, speech, etc.

Candidates MUST conclude registration within two weeks of first access to the website during the registration period. They should ensure that their names, gender, passport photographs, dates of birth, and subjects are correct.

They are also to print the Admission Notice/Photo Card as evidence of successful registration which will serve as identification during the examination. Only Digital Personal Scanner should be used for fingerprint registration.

WAEC General Information

Before and after registration, we advise you to go through the following general information:

  • Candidates should view the Information VCD before they register for the examination.
  • Candidates should note that the registration fee is not refundable.
  • Candidates should print the examination Timetable at the completion of their registration.
  • Entries must be uploaded with good quality passport size photographs, not “wait and get” photographs. The background of such photographs MUST NOT BE BLUE OR RED. The size should be 275 by 314 pixels. Entries with unacceptable passport photographs will be rejected.
  • Candidates should study the Regulations and Syllabuses as well as the Timetable for the examination which they can download from WAEC website (http://www.waeconline.org.ng/) using the Registration PIN.
  • Candidates must go to examination halls in mufti and without arms. No professional uniform of any kind will be allowed in the examination halls.
  • The entire results of candidates who sit the examination in more than one center will be canceled.
  • Smoking is not allowed in the examination hall.
  • Any candidate that comes into the examination hall with a mobile phone(s) and /or electronic gadget(s) will have his or her entire results canceled.
  • Candidates must ensure that their entries are correctly completed before uploading as the Council will not be held responsible for errors in candidates’ particulars. Request for correction will NOT BE entertained on any information which a candidate voluntarily gives at the point of registration as soon as the examination commences.
  • Candidates must come into the examination hall with their original Photo Cards.
  • Candidates who engage in examination malpractice will not only have their results canceled but may be prosecuted.
dstv and gotv prices

There you have it. Visit www.vtpass.com/waec-registration to buy Registration PIN now! For help or inquiries, reach VTpass support via live-chat on the web or app or call 08138752358.