GTBank announced the passing of their former Managing Director a few minutes ago, via Facebook and Twitter: We regret to announce the passing on of our CEO, Tayo Aderinokun, today, aged 56. As MD, Mr. Aderinokun led the Bank to the top of the banking industry and the Bank became the 1st sub-saharan bank to [...]

I received an email from Hassan in Lagos recently, asking for guidance on how to use Paypal in Nigeria. I choose to answer him publicly so other interested parties can learn from my answer to him. Find his message below in full, unedited: Hello David, Saw your blog from search on Facebook. I was trusting [...]

One of the core functions of an InterSwitch ATM/Debit card is using it to pay for goods and services via the Internet. However, fraud has always been a big problem since all that is needed to use this card on the Internet is the 19-digit card number and PIN code. I am not sure InterSwitch [...]

Long after several people have been defrauded of their money through social engineering scams, Interswitch Nigeria the leading issuer of local ATM/Debit cards appears to be acting now. According to a recent report by Daily Trust: Interswitch Nigeria Limited in collaboration with banks last week inaugurated an awareness campaign to protect ATM card holders against [...]

So you are a Nigerian? Or perhaps you are not? Either way, you are a citizen of some country somewhere and there comes a time in your life when you feel like you really love your country and would want the very best for your country. I cannot fathom a better way to be patriotic, [...]

Standard Chartered Bank Nigeria has joined the Interswitch payment network in Nigeria. This blog post also includes a full list of all the Nigerian banks on the Interswitch network.

I have had to blog a few times about domain names of important Nigerian institutions expiring. I never imagined that a day would come when I would blog about a bank not renewing its domain name on time. I am talking about UBA PLC’s ubaplc.com domain name. I wanted to check their website this morning [...]

Two days ago, I did a blog post titled “Woes of a Nigerian Internet Banking Customer” with a promise to do a follow-up post, offering suggestions. Well, this is it. First, it is defeatist for a bank to cancel online funds transfer when it is possible to minimize the effect of fraud. I would start [...]

Paypal Nigeria: How to open a paypal account in Nigeria? Why Paypal is not available in Nigeria.

This round-up first appeared at Global Voices. The past week turned out to be one that came with an interesting debate about the prospects of e-commerce in Africa. Oluniyi David Ajao started with throwing an insight into the popularity of e-gold (a digital gold currency) in Nigeria. Other online payment systems might indeed follow the [...]

The game is about to change. VISA has dominated the credit, debit and ATM card scene in Ghana’s banking industry for several years now. As of today 25th August 2007, the following banks issue Visa cards in Ghana: Barclays bank: Visa Electron cards CAL Bank: Visa Electron cards EcoBank Ghana: Visa Gold credit cards, Visa [...]

Another common form of cybercrime is phishing. As a matter of fact, financial institution websites are amongst the most commonly phished websites today. According to Wikipedia: In computing, phishing is a criminal activity using social engineering techniques. Phishers attempt to fraudulently acquire sensitive information, such as usernames, passwords and credit card details, by masquerading as [...]

I found out (to my pleasant surprise), while browsing through the Paypal website yesterday that the service is now accessible in more African countries. The recent expansion of Paypal is not limited to African countries but my focus is on Africa. Hitherto, South Africa had been the only African country supported by Paypal. The popular [...]

GTB Ghana was launched this week by no other than the President of Ghana, His Excellency John Kufuor. Their head office (and only branch for now) on Castle Road is a very nice edifice and a masterpiece of architectural excellence. The building was comended by President Kufour. According to the bank’s website, it offers the [...]