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Banks’ customers agonise as ATM fraud persist

….Clamour CBN intervention By Babajide  Komolafe, Amaka Agwuegbo & Temilade Adegunlehin As ATM frauds continue to rise in the banking industry, banks’ customers have cried out in agony for the intervention of the Central Bank of Nigeria (CBN). Vanguard investigation reveals increasing cases of ATM fraud across the banking industry in spite the publicity campaign
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Demand for microfinance services is higher in Nigeria

AB Microfinance Bank Nigeria,  one of the notable microfinance , celebrated its one year anniversary of business in Nigeria. Its shareholders include, Access Microfinance Holding AG, Impulse Microfinance Investment Fund, International Financial Corporation (IFC), KfW Entwicklungsbank (German Development Bank) and African Development Bank (AfDB). In this interview with Amaka Agwuegbo, Chairman, Supervisory Boards  of the
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Insurers move to combat fraudulent claims

By Patience Saghana Insurance practitioners have begun moves to check the rising tide of fraudulent claims by customers estimated to constitute 12 per cent of total claims. According to operators, fraudulent claims are most recorded in the motor insurance class of the business. Insurance fraud is any act committed with the intent to fraudulently obtain
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Investors lose N87bn on NSE

Investors lost N86.82 billion of their investment in quoted securities on the Nigerian Stock Exchange (NSE) last week. This was represented by a decline in the share prices of majority of the quoted companies, forcing down the market capitalisation and All-share index by 1.7 per cent and 1.93 per cent respectively. The capitalisation which opened
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