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Fraud In Banks – Types, Causes, Effects and Prevention

Fraud In Banks - Types, Causes, Effects and Prevention Fraud is a universal financial word. It's occurrence or perpetration is not limited to this country as we are popularly known for corruption. It is a criminal act yet highly favoured by a good number of people in this country esp the rich and well placed.                                  Types of Fraud The list is inexhaustible, banking industry is dynamic…

9 Profitable Tips on How To Start a Business With No Money

9 Profitable Tips on How To Start a Business With No MoneyFirst you must understand that the principles of business is the same all over the world; what differ is the political, economic and cultural factor of each region.9 Profitable Tips on How to star Business with no Money 1. Make a decision to start up your business No one wakes up and opens a business; you must first make up your mind and prepare yourself for the challenges of the business…

First City Monument Bank (FCMB) Graduate Analysts Recruitment 2017

First City Monument Bank (FCMB) Graduate Analysts RecruitmentFCMB is a full service banking group, passionate about growing a world class financial services group focused on value adding strategies and processes through professionalism and excellent operating standards.There exists unique employment opportunity for intelligent and business minded Nigerian graduates both at home and Diaspora who are keen on growing in a banking career, to fill the position below at First City Monument Bank (FCMB):First City Monument Bank (FCMB) Graduate Analysts Recruitment 2017 Job…

Reason Why Gtbank Bans Paypal Services On Their Mastercard

Reason Why Gtbank Bans Paypal Services On Their Mastercard MD of Guaranty Trust Bank, Segun Agbaje at an event on Friday gave insight as to why the bank stopped its customers from having access to PayPal services. According to him, some fraudsters opened multiple accounts in people’s names, collected dollars at the official rate, and then sold the dollars in the black market. He however said, that the bank was working on a way to filter out genuine business people and…

Nestle Nigeria In Big Loss In Exchange Rate As Naira Depreciate

Nestle Nigeria In Big Loss In Exchange Rate As Naira DepreciateNestle Nigeria Plc released its 2016 results showing revenues rose 20% to N181.9 billion (2015: N151.2 billion). Profit after tax however declined by 67% to N7.9 billion (2015: N23.7 billion).Nestle blamed the drop-in profits on the impact of forex devaluation after the company incurred a N20.8 billion interest expense. Foreign exchange loss made up about N16.3 billion of this loss.Nestle currently has a total external borrowing of about N50.5 billion…