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Nigeria Deposit Insurance Corporation (NDIC) says the number of fraud cases attributed to internal abuse by staff of banks increased from 231 in 2016 to 320 in 2017.

Head, Communications and Public Affairs of NDIC, Mr Mohammed Ibrahim, said in a statement in Abuja on Sunday that the figure was in the organisation’s recent report on off-site supervision of the Deposit Money Banks (DMBs).

“The report relied on a total of 286 responses received from 26 banks during the period and there were 22 NIL monthly responses from the banks as at year ended Dec. 31, 2017.

“The 286 responses received from banks in 2017 cited 26,182 cases of fraud and forgeries which is 56.30 per cent higher compared to 16,751 cases reported in 2016.

Reports indicate that Stakeholders in the aviation sector are concerned over the conflicting statistics of air travelers routinely published by the National Bureau of Statistics (NBS) and the Nigerian Civil Aviation Authority (NCAA). According to Daily Independent, the figures released by the NBS for air travellers in the country in 2017 is over two million at variance with the earlier one released by the NCAA which put the figure at 11,221,617 passengers.

The United Nations Resident and Humanitarian Coordinator in Nigeria, Mr. Edward Kallon, has lamented that only 15 per cent of Nigerian women have bank accounts. Kallon stated this on the occasion to commemorate International Women’s Day in Abuja. According to him, only 1per cent of Nigerian women have access to capital from formal financial services, stressing that women have less access to education especially in the rural areas.

Workers in Nokia Solutions Networks Ltd. have commenced a three-day warning strike to protest anti-labour practices by the management of the company.

The workers said they embarked on the strike as members of the Private Telecommunications and Communications Senior Staff Association of Nigeria.

The General Secretary of the association, Mr Okonu Abdullahi, told the News Agency of Nigeria (NAN) in Lagos on Thursday that the workers would proceed on an indefinite strike at the expiration of the warning strike.

The Presidency has unveiled a plan to employ 208,000 youths in Niger Delta with a view to curtailing restiveness in the oil-producing region, Dailytrust reports. The development was disclosed by the spokesman of Vice President Yemi Osinbajo, Laolu Akande, in a statement released to newsmen in Abuja. The statement disclosed that the Vice President made the government plan known at a meeting of the Niger Delta Inter-Ministerial Committee presided over by his boss at the State House in Abuja on Friday.

Uganda, the world’s fourth-biggest vanilla exporter, is boosting output to benefit from prices for the flavoring that’s more valuable than silver and have forced growers to hire armed guards to deter thieves.

The landlocked East African nation will produce about 100 metric tons this year, with potential to double that in future, according to Aust & Hachmann Canada Ltd., the world’s oldest vanilla company. While that’s far below the 1,600 tons top-grower Madagascar can produce, extra Ugandan output would diversify global supplies and see farmers of some of the world’s potentially best beans reap as much as $600,000 per ton, company director David van der Walde said.

Workers in Nokia Solutions Networks Ltd. have commenced a three-day warning strike to protest anti-labour practices by the management of the company. The workers said they embarked on the strike as members of the Private Telecommunications and Communications Senior Staff Association of Nigeria, according to News Agency of Nigeria (NAN).

The House of Representatives is set to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).

The decision followed the unanimous adoption of a motion by Chukwuka Onyema, a lawmaker from Anambra state, at the plenary on Tuesday.

Onyema had said the Electric Power Sector Reform Act of 2005 unbundled the PHCN into 18 successor companies.

MTN Group, Africa’s biggest mobile phone operator, returned to annual profit in 2017 in the absence of one-off charges related to a $1.1 billion Nigerian fine. Headline earnings totalled 3.3 billion rand ($278.82 million), or 182 cents per share, in the year ended December, compared with a loss of 1.4 billion rand, or 77 cents per share, a year earlier, South Africa-based MTN said on Thursday.

The National Bureau of Statistics (NBS) released report on its website, on the Nigerian Ports Statistics 2012 – 2017. The report reflected that ship traffic at the Nigerian ports recorded a total of 4,175 ocean-going vessels with 131,569,821 gross registered tonnage in 2017 as against 4,622 ocean-going vessels with 134,2,13,076 gross registered tonnage in 2016.

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