Money and Stocks – Page 3 – Platformsafrica

How Hackers Seized GTBank Website

August 15, 2024 Ganiyu Amodu

The website of GTBank, a leading Nigerian financial institution, has been hacked. The incident which happened on Wednesday night made the site inaccessible as some customers lamented on social media. Multiple attempts to log on to www.gtbbank.com returned error signs as of 10:30pm on Wednesday. The incident happened after the domain name was renewed for another five years from August 13, 2024, through March 21, 2029, according to platforms that analyse domain information. READ ALSO Ugochinyere: Bringing Back Distasteful Memory of a Time Gone By, By Kumbi Aderibigbe Hunger Protest,…

Hackers, Fraudsters On Rampage: 8 Ways To Secure You Bank Account

June 28, 2024 ADEOLA YUSUF

Fintech Firm, Palmpay, leads financial education campaign for customers against fraudsters, hackers PalmPay, a leading fintech company in Nigeria has listed key steps necessary to secure financial transactions on its platform. According to the Head of Marketing and Communications, PalmPay, Enakeno Umuteme, securing one’s financial transactions and personal information has become more important than ever with the evolution of technology or the digital age. Data obtained by the 2023 NIBSS Annual Fraud Landscape report, revealed that incidents of fraud loss via Internet Banking increased by 325% between 2022 and…

Naira Down To N1,525/$ In Parallel Market

May 28, 2024 ADEOLA YUSUF

The Naira yesterday depreciated in the parallel market to N1,525 per dollar from N1,520 per dollar last weekend. However, the Naira appreciated to N1,339.33 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,339.33 per dollar from N1,482.81 per dollar last weekend, indicating N143.48 appreciation for the naira. READ ALSO: Nigeria Invests N309bn In Agriculture In One Year – Minister Why I Relocated To US – Pastor Sam Adeyemi 2024 Hajj: Nigerian Pilgrim Dies In Mecca…

Family Of Detained Accountant Asks IG To Probe Fraud Allegations

May 23, 2024 Abibat Babalola

The family of detained chartered accountant, Ms. Omafume Ayinuola, has asked the Inspector General of Police IGP, Kayode Egbetokun to probe accusation of fraud preferred against their daughter by a prominent stockbroker and businessman, Peter Ololo. The family in a petition by Erhievuyere-Dominic Peter, a brother to the detained accountant, lamented that members of the family were currently living in fear for the safety of detained sister, stressing that members of the family have been subjected to harassment and intimidation. The petitioner complained that “The actions taken against his family…

Nigerian Bank Managers ‘Borrowed’ N549bn From Depositors’ Accounts

May 13, 2024May 14, 2024 Abibat Babalola

“Which kind play be this?” Nigerians react, demand probe of those found guilty Directors and key management personnel of Deposit Money Banks borrowed about N549bn from their financial institutions in five years. This is according to an analysis of the banks’ annual reports filed with the Nigerian Exchange Limited between 2019 and 2023. However, the banks’ loans and advances to some directors and key management personnel as well as related party transactions dropped significantly in 2023, a report by The PUNCH showed. These transactions dropped to N52.40bn for eight…

CBN Issues July 7 Deadline For PoS Operators’ Registration With CAC

May 7, 2024May 7, 2024 ADEOLA YUSUF

Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Corporation (CAC). This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN) in Abuja on Tuesday. Speaking at the event, the CAC boss said the two-month timeline to register their agents, merchants, and individuals with the commission, was “in line with legal requirements and the directives of the Central Bank of Nigeria”. “The measure aims at safeguarding the…

Trade In Crypto, Get Your Account Blocked, OPay, Moniepoint To Customers

May 4, 2024 Abibat Babalola

Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities. At least four fintechs—Opay, Moniepoint, PalmPay, and Paga—have communicated this development to their customers on Friday. Last week, the Central Bank of Nigeria stopped major fintech firms like Kuda, Opay, PalmPay and Moniepoint from onboarding new customers. The CBN’s move was linked to an ongoing audit of the Know-Your-Customer process of the fintechs, which have been under scrutiny in recent months over…

NBS: 24.6m Children In Child Labour — Cross River, Yobe Top Chart

April 19, 2024 Abibat Babalola

The National Bureau of Statistics (NBS) says 24.6 million children in Nigeria are engaged in child labour. NBS disclosed this in a report titled ‘Nigeria Child Labour Survey 2022’ on Thursday. The report showed states like Cross River, Yobe and Abia lead the chart with scores above 60 percent. According to the bureau, child labour is any work that robs children (under 18) of their childhood, potential, and dignity. READ ALSO: Lagos Govt To Extend Blue Rail Line To Ogun Over 577 Sight Impaired Candidates To Sit For 2024 UTME…

NNPC, Total Energies JV Achieves Zero Gas Flare

February 16, 2024 Abibat Babalola

The NNPC Ltd/TotalEnergies Joint Venture has achieved zero routine gas flare in all its assets. This feat was announced on Thursday during an inspection tour of OML 100 in South-eastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd and TotalEnergies Team to ascertain the success of the OML Flare Reduction Project launched in December 2023. Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, in a statement said the feat was in pursuit of meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in…