July 2023

FCCPC to shut online banks harassing debtors

By Sodiq Adelakun The Federal Competition and Consumer Protection Commission (FCCPC) has said it will delist any loan application harassing customers and ask Google to permanently delete such apps from its app store. This was in response to the continued…

2023: PoS fraud increases by 19.5% in Q1

…As Nigerian banks lose N472m to fraudsters A report on fraud and forgeries in the Nigerian Banking System has   revealed that fraud increased by 19.51 per cent in Q1 2023 bringing the figures to 1,985 cases from 1,661 cases in the…

Police arraign two for allegedly robbing passenger

A Federal High court sitting in Abuja, Area 1karuGrade,  yesterday arraigned two men, Grabriel Samuel and Godswill Chigozie to stand before the court of law, for allegedly assaulting and stealing from a passenger. The police charged Samuel, 28, and Chigozie,…

Gunmen kill nine, raze six houses in Plateau

Unknown gunmen yesterday invaded the Sabon Gari community in Mangu Local Government Area in Plateau state, killing nine persons and torching six houses. Datim, who is the National President of the Global Society for Middle Belt Heritage, said the attack…

Second Insurance IMT, to hold conference Sept 28

The Second InsureTech will be holding its conference September 28 and 29, in the industry and on the continent this year, at the Civic Centre Victoria Island, Lagos which has been themed, “Unlocking Policy and Tech Bottlenecks Hindering Disruptive Insurance…

Insurance industry records negative growth in Q2

The Insurance industry has  witnessed ‘strange’ negative growth of eight per cent in Second Quarter, 2023. This is despite growth witnessed in other financial institutions during the period. Economic expert and Chief Executive Officer, Centre for The Promotion Of Private…