Scam victims lost over $1.03 trillion in the past year, a sum that exceeds the total gross domestic product (GDP) of most countries, including Switzerland, Poland, and Taiwan. An average American victim faced a loss of $3,520.The findings are based on 58,329 consumers surveyed by the Global Anti-Scam Alliance (GASA) in collaboration with Feedzai.GASA’s 2024…
Telecom operators will play an indispensable role in bridging financial gaps and fostering inclusion, particularly in Nigeria, Chief Corporate Services & Sustainability Officer at MTN Nigeria, Tobe Okigbo, has said. He underscored this role during a panel discussion at the Africa Breakfast Convos, held on the sidelines of the recent United Nations General Assembly (UNGA79)….
The Bank of Industry (BoI) has opened its application portal for would be beneficiaries of the Federal Government’s N75billion Micro, Small, and Medium Enterprises (MSMEs) Intervention Fund. This is even as the Nigerian Association of Small Scale Industrialists (NASSI) lauded the FG for the intervention programme, describing it as lifeline for Nigerian MSMEs. A representative…
Nigeria’s apex bank has advised Nigerians in diaspora to channel their remittances home towards investment rather than consumption. Deputy Governor (Financial System Stability) at the Central Bank of Nigeria (CBN), Mr. Philip Ikeazor, gave the advice during a forum that focused on: “Optimizing Remittances to Nigeria: A Vision for the Future,” held with the Nigerian…
THE Central Bank of Nigeria (CBN) has dismissed as baseless, reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024. The apex bank, in a statement endorsed by the Acting Director of Corporate Communications, Mrs. Sidi Ali, dismissed the suggestion, describing it as false and intended…
The Enugu Electricity Distribution Company (EEDC) has threatened to begin to disconnect Government Houses, Central Bank of Nigeria (CBN) offices, Nigerian Army and others in the South-East allegedly owing to the company. The company issued the threat in a statement signed by it’s Head of Corporate Communications, Mr Emeka Ezeh, and made available to newsmen…
Trust Africa News. By Olaitan Ganiu Stakeholders in government and private sectors have come to the conclusion that African youth still have the skills to lead the world despite the challenges facing them. The stakeholders comprising the Economic Commission of West African States (ECOWAS), Central Bank of Nigeria (CBN), Nigerian Content Development and Monitoring Board…
