Nigeria's leading finance and market intelligence news report.

How to protect yourself from rising e-banking fraud

In February, the Nigerian Inter-Bank Settlement System (NIBSS) released the third quarter Industry Fraud Report, which found that Nigerian banks lost N3.5 billion between July and September 2020 to fraud-related activities. This represents a 534-percent increase from the same period in 2019. It also means that more Nigerian bank customers lost more money to online…

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