Online Payment: Why You Should Not Worry About Fraud

By Gorata Ogotseng Ask most entrepreneurs what their biggest challenge is and there’s a good chance they’ll list access to investment and funding among them. That’s particularly true in many of Africa’s biggest entrepreneurial markets too. In a survey released by the Entrepreneurs’ Organisation (EO) South Africa earlier this year, for instance, nearly half of South African entrepreneurs said they don’t get enough funding from the public or private sectors. Another survey released by East Africa Com, meanwhile, saw 59% of East African entrepreneurs list a lack of access to investors as a significant business barrier. Similarly, a 2021EFInA report

By Prince Charles Dickson PhD Is life a freak accident, with no explanation, no reason, and no one to blame? Is it random? Reminds me of an elderly couple, who were childless, but fond of their neighbour’s daughter and used to take her to the beach every Sunday to have fun. December, 26th 2004. A tsunami occurred, it was the last they were seen of. The young girl was sick that Sunday and couldn’t go. Was it her fortune or misfortune that she got ill that day? One can only realize the outcome of a situation in the future. Is

By Jerome-Mario Utomi Recently, precisely on Tuesday, November 21, 2023, I participated as a panellist at the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, Netherlands, a panel discussion on The role of multi-stakeholder engagement in achieving environmental justice. The gathering, which was held in Victoria Island, Lagos, formed part of training on Environmental Justice: Reducing Ecological and Social Inequalities through Effective and Participatory Land Governance. Essentially, in my private study/preparation for the programme, the need to domesticate the subject became paramount to me. To achieve this objective; the following questions came flooding; what is environmental justice?

By Emmanuel Udom Are you a church founder or what is commonly known as a general overseer? Good enough if your answer to this very question is yes. This means you have followers or worshippers in your church. Yes, God is the chief security officer of our world, but we must work alongside God to ensure that our world with an estimated population of 7 billion people is saved and secured. Head or tail, you, your followers or worshippers, your assets and the properties in your church must not be tampered with by intruders. These intruders; kidnappers, terrorists, robbers, killers,

By Dipo Olowookere A lawsuit has been filed before an Oyo State High Court, sitting in Ibadan, against Access Bank and Nestle Plc by First Nigeria Enterprises, owned by Professor Olatoye Ogunbode. In the suit No I/222/2017, Nestle was accused of breaching the trade agreement it entered into with First Nigeria Enterprises. Access Bank was dragged into the suit because it funded the distributorship agreement between Nestle and First Nigeria Enterprises. The plaintiff is asking the court to stop the first and second defendants from taking any action against his company, pending when the dispute in respect of the firm’s

A recent study by Crystal Blockchain and Cointelegraph has shed light on the alarming rise of crypto exchange hacks over the past decade. According to their findings, a staggering $15.6 billion worth of funds were stolen from 2011 to 2020, with over 50 exchanges falling victim to these cyberattacks. As revealed in the study, experts told Forbes that weak security measures in exchanges’ hot wallets and occasional exit scams by platform owners were the primary reasons behind these breaches. The study revealed alarming vulnerabilities in cryptocurrency exchanges. Unveiling the techniques employed by hackers Traders Union investigates malicious actors’ attack techniques

By Dipo Olowookere The decision of the Nigerian government not to reopen its land borders anytime soon has forced the management of Cadbury Nigeria Plc to change its shipment strategy. In August 2019, local authorities announced the closure of the country’s land borders without any prior notice. This action took a huge toll on companies who use the means to bring raw materials and products into the country. While the land borders were sealed, the air and sea were not affected. But many organisations prefer to use the land border for importation because it is cheaper. One of the firms

By Modupe Gbadeyanka The sum of N2.11 trillion has been generated as revenue in the first seven months of this year by the Federal Inland Revenue Service (FIRS), data from the agency has revealed. According to the data, the FIRS collected N720.28 billion as Petroleum Profit Tax (PPT) from January to July this year, while the Value Added Tax (VAT) revenue collected in the same period was N548.22 billion. The News Agency of Nigeria (NAN), which obtained the report from FIRS on Monday, disclosed that the Federal Government had also collected the sum of N679.9 billion as Company Income Tax

By Dipo Olowookere Governors Abdulaziz Yari of Zamfara State on Thursday disclosed that President Muhammadu Buhari and the Minister of Finance, Mrs Kemi Adeosun, will soon have a meeting with officials of the Nigerian National Petroleum Corporation (NNPC). The meeting, according to him, is mainly to resolve the controversy surrounding the amount remitted into the federal purse by the state-owned oil firm, which caused the Federation Accounts and Allocation Committee (FAAC) meeting to end in deadlock some days ago. Yesterday, Mrs Adeosun, Mr Yari and Governors Abubakar Badaru of Jigawa State and Abubakar Bagudu of Kebbi State held a meeting

By Modupe Gbadeyanka The management of Guaranty Trust Bank (GTBank) Plc has said despite the gradual easing of lockdown in Abuja, Lagos and Ogun States by the federal government, all its branches will not open for business at once like in the past. The federal government had announced a lockdown of Lagos, Ogun and Abuja five weeks ago to contain the spread COVID-19 in the country. Last Monday, President Muhammadu Buhari eased the lockdown, but said businesses must operate within the hours of 7am to 7pm because of a national curfew starting from 8pm to 6am until a further directive.

By Adedapo Adesanya The Nigeria Extractive Industries Transparency Initiative (NEITI) has said the federal, 36 states, 774 local governments and other statutory recipients shared the sum of N3.88 trillion in the first six months of the year. This was contained in the latest edition of the agency’s quarterly report on disbursements by the Federation Accounts and Allocation Committee (FAAC). A breakdown of the disbursements showed that N1.53 trillion went to the federal government, while the 36 states got N1.29 trillion with the 774 local government areas receiving N771.34 billion. A look at the amount received by the highest tier of

By Dipo Olowookere Operatives of the Nigeria Police have re-arrested the notorious kidnap kingpin, Mr Hamisu Bala Wadume. He was re-arrested in the late hours of yesterday, August 19, 2019 in his hideout at Layin Mai Allo Hotoro area of Kano State. Recall that the police had been on the massive manhunt for the suspect, Mr Wadume since August 6, 2019, following the unfortunate incident in Ibi, Taraba State which resulted in the brutal murder of three police officers and two civilians, and injury to five others. The suspect, who was appropriately restrained at the time of the incident, was