News
Financial Inclusion: CBN fair promotes alternative payment channels, others
•Pledges availability of clean naira notes
By Doreen Ifiemor
The Central Bank of Nigeria, CBN, yesterday at its maiden financial services fair, counselled members of the banking public on proper use of alternative payment channels, naira notes, consumer rights and obligations as well as practical tips on fraud prevention.
Addressing participants at the fair which held in Lagos, Acting Director, Corporate Communications, Department, CBN, Hakama Sidi-Alli, said: “The theme of this fair, “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development”, is very apt, as it was chosen to address the imperative of value addition and the links that catalyse SMEs and other economic activities to attain the much-needed price stability.
“The objective of this engagement is to sensitise the public on how the Bank’s policies and innovations can enhance their lives and livelihoods, and contribute to the growth and development of the Nigerian economy.
“I would like to say a word about our currency — the naira. The CBN will continue to ensure the availability of clean currency. However, we urge you to see the naira as a critical symbol of our national identity. Please respect it and keep it clean. Do not hoard, mutilate, counterfeit, or damage the naira.”
The fair featured five key presentations to educate participants on the efforts of the apex bank to expand financial services access across Nigeria.
Educating participants on how the CBN protects savings, enables loan access, increases homeownership opportunities, and builds public trust in the financial system, Mr. Ayodeji Ojo from the Other Financial Institutions Supervision Department (OFISD), said: “We are implementing key strategies that expand access to services across Nigeria while promoting the adoption and use of secure digital services.”
In his presentation, Mr. Olufemi Fakeye from the Consumer Protection/Financial Inclusion Department outlined seven fundamental consumer rights, including the right to be informed, choice, safety, consumer education, confidentiality, redress, and fair treatment.
He also provided practical fraud prevention tips, advising consumers to keep PINs secret, set account limits, avoid sharing details over phone or SMS, keep cards and PINs separate, maintain SIM locks, and promptly report any suspicious activities.
The post Financial Inclusion: CBN fair promotes alternative payment channels, others appeared first on Vanguard News.
Ásake’s much-anticipated homecoming concert may be heading into stormy waters as fans take to social media to criticise the staggering ₦300,000 ticket fee.
What was expected to be a triumphant Lagos return for the global Afrobeats star is now spiralling into an online revolt, with many longtime supporters accusing organisers of “pricing out the true fans.”
The sentiment has grown so intense that several fan pages are warning that the high-end pricing could dampen excitement around Ásake’s headline performance.
FlyTime Fest, known for premium concert experiences, has steadily increased its fees over the years, but this latest jump appears to have crossed a psychological line.
Fans have flooded social media with criticism over the ₦300,000 ticket price for Ásake’s Lagos homecoming. Many expressed disbelief and frustration, saying the cost is outrageous and out of reach for those who have supported him since his early street-pop days.
Users questioned the pricing compared to international shows, with some noting that fans abroad can secure seats for less than half the cost.
Social media reactions have been fierce, @Yemmmmie_: “So Nigerians are paying $200 just to stand and watch Asake, while people abroad get seats for under $100? Make it make sense. How do you overcharge the people who actually built the fanbase? It’s giving ‘exploit your own’ and everyone’s just supposed to smile about it?”
@_ayzo: “I really wanted to go for Asake’s show but 300k is too ridiculous.”
@_blondehoe: “Asake ticket prices are ridiculous. Not even Chris Brown, Summer Walker and Travis Scott were this expensive. I might need a Nigerian bf to buy me a ticket soon.”
@richtosho: “Asake concert standing ticket is 300k, Rema 250k, Davido 250k, in a country of particular concern… but they will sell tickets in US for less than $100 ~150k and you might even see Chris Brown and Billie Eilish + 10 other artists… imagine?”
The post Asake’s Lagos concert faces backlash as ₦300k ticket price sparks fan outrage appeared first on Vanguard News.
MTV kick-started a new era of music and pop culture in 1981, when it went on air for the first time, emblematically playing “Video Killed the Radio Star” as its debut music video. More than four decades later, the channel,
The post MTV to close international music channels, ending four-decade era appeared first on The Guardian Nigeria News – Nigeria and World News.
Senate President, Godswill Akpabio, has described himself as the highest-ranked Christian in government, attributing his political advancement to “the special grace of God” and urging Nigerians to remain committed to service in their faith communities. Speaking on Saturday during the
The post If God raised me from nobody to Senate president, He can do it for us all – Akpabio appeared first on The Guardian Nigeria News – Nigeria and World News.
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