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…
Nigeria’s leading telecommunications provider, Globacom, has appointed telecom veteran Ahmad Farroukh as its new Chief Executive Officer. This leadership change aims to strengthen the company’s corporate governance and operational performance, aligning with the Nigerian Communications Commission’s (NCC) recent drive for improved governance standards within the telecom industry. Farroukh’s extensive experience in African telecommunications positions him…
The Chief Justice of Nigeria, Hon. Justice K.M.O. Kekere-Ekun, has identified increased risk of the personal data of consumers being misused or compromised by unscrupulous persons and deficiencies in the banking sector as issues worth addressing as they have to do with cyber security. Meanwhile, the Nigerian Communications Commission (NCC) has started training members of…
Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the company has said. Sources close to the transaction said the new funding valued Moniepoint above $1 billion, giving it “unicorn” status – a term for privately-owned business valued at…
The just concluded verification of the National Identification Numbers (NINs) linked with Subscriber Identity Modules (SIMs) has led to a significant drop in the subscriptions database of all mobile network operators in the country as MTN, Airtel, Globacom, and 9mobile yanked off 64.3 million lines. According to the latest data released on Monday by the…
Internet service provider, Starlink has announced the reversal of its recent service fee increase in Nigeria. This decision comes as a welcome relief to Nigerians who have been eagerly awaiting affordable internet solutions. The world’s leading provider of satellite launch services, in a statement said: “Last month, we increased the monthly service price for Starlink…
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, said the World Bank has provided a significant boost to Nigeria’s efforts to deploy 90,000 km of fibre across the country. The minister confirmed this in a post to his X account. While the specifics of the support—whether financial or otherwise—were not released, Tijani previously…
