The web was ablaze (still is) yesterday with news about Microsoft’s latest unsolicited offer to buy web portal giant Yahoo! for a whopping $44.6 billion in cash and shares. According to BBC News, the offer, contained in a letter to Yahoo’s board, is 62% above Yahoo’s closing share price on Thursday. I am not entirely [...]

A press release issued by Graphcard this morning: Tried, True and Visionary UBA Group Plc Embraces VTN Technology to power ecommerce in Nigeria Laurel, MD USA : December 12, 2007 The largest bank in Nigeria  and Africa’s emerging global bank, United Bank for Africa Plc (UBA) and LFR Communications, Inc., a ground breaking e-commerce provider, [...]

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 [...]

Scam emails have been circulating the Internet for sometime now, attempting to trick people into entering their bank account login details into a fake version of their financial institution’s website. This criminal activity is known in Internet security circles as Phishing. To drive-home the point, I am quoting Wikipedia‘s accurate description of Phishing: In computing, [...]

I chuckled to myself this morning when I read this headline on the homepage of Nairaland (the leading Nigerian Internet discussion forum): “The Nairaland Forum Is Now On A Break!” I prayed silently, “Lord, let this be just one of those pranks by this Seun guy. Lord let this not be true”. Okay, those were [...]

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

So you decided to get into forex trading but wants one that accepts e-gold or e-bullion because those are the only means of online payment available to you? Well, there are many forex broker websites out there that accept deposits via e-gold, e-bullion, along with credit/debit cards, Paypal, EFT/ACH, cheque, wire transfer, as well as [...]

Many Nigerians today dream of hitting a fabulous fortune from working on the Internet. While there is absolutely no harm in dreaming big, for some, it is sheer greed. Greed that makes them ready to believe just about anything they read or hear about making money online. A case in point is forex trading in [...]

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 [...]

Like many of Sir Richard Branson’s enterprises, Virgin Money has been launched in South Africa just one week after the launch of Virgin Mobile. Virgin Money essentially offers permanent South African residents who earn over R2,500 (about USD 360) a Mastercard credit card. Users can use the card to pay at stores in South Africa, [...]

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 [...]

Within a span of just 15 years since its widespread introduction, the Internet has radically changed the face of the world. The number of Internet users on the African continent is currently estimated to number almost 23 million. Globally, the number of Internet users exceeds 1 billion – representing approximately one-sixth of the world’s population [...]

BusinessWeek recently published an article putting e-gold in the spotlight, after its offices was raided by the Federal Bureau of Investigation (FBI) agents, in the USA. Read on…

In most African countries, credit/debit cards are not commonplace. Thus, the few enlightened ones who need to use one of the global payment networks widely accepted on the Internet (promonently MasterCard and Visa) need to do so via third parties. Though some of these ‘cards’ are virtual, some are physical and can be used to withdraw funds at any of the Visa or MasterCard branded ATMs, worldwide. Read on…