Banks in the country have lost approximately N159bn to electronic frauds and cybercrime between 2000 and 2013, according to a report by the Nigeria Inter-Bank Settlements Systems. The Office of the National Security Adviser disclosed this in a paper entitled ‘Economic and security implications of Denial of Service attacks’. It […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The board of the International Monetary Fund (IMF) on Friday day said its confidence in the ability of Christine Lagarde as the managing director (MD) of the fund to effectively carry out her duties. This is contained in a Statement from the IMF and […]

Afren Plc (AFR), the U.K. explorer in Nigeria that suspended its chief executive officer and three senior staff, expanded its probe into unauthorized payments and is reviewing about $433 million on its half-year balance sheet. The company appointed KPMG LLP to review three transactions between the explorer and partners in […]