Category Archives: Finance

The New Dimension To e-fraud In Nigeria

DEAR customer, due to the new BVN policy by the CBN your account has been deactivated and to reactivate, call…”

The above text message is the latest bait used by fraudsters to lure unsuspecting bank customers to disclose their bank account details, especially their debit or credit card details and their Personal Identification Number (PIN), so that they can gain unauthorized access into the accounts and fraudulently withdrew the money therein.

Mobile Money

Uproar, as Nigerian Banks Fail to Link BVN to Customers’ Accounts

Uproar, as Nigerian Banks Fail to Link BVN to Customers’ Accounts.>>
MILLIONS of bank customers were yesterday denied access to their bank accounts due to failure of banks to link their accounts to their Biometric Verification Number (BVN).
Customers besiege banks as BVN registration deadlines expires

PENCOM To Partner NSE To Boost Stock Market Activities

Mrs Chinelo Anohu-Amazu, the Director-General, National Pension Commission (PENCOM), on Thursday promised to partner with the Nigerian Stock Exchange (NSE) to deepen the nation’s capital market.

Anohu-Amazu made the promise during her visit to the NSE and bell ringing in Lagos.

Nigeria Money Market Is Now Investors’ Haven – Expert

Lagos – Mr Wale Abe, the Executive Secretary, Financial Markets Dealers Association (FMDA), says the local money market has become investors’ haven due to the downward trend in the capital market.

Abe told the News Agency of Nigeria (NAN) in Lagos that the development in the nation’s capital market, particularly the fall in the price of shares, had made investors to seek opportunities in money market.

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