Connect with us

News

Financial Inclusion: CBN fair promotes alternative payment channels, others

Published

on

CBN act

•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.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Liverpool man accused of football parade crash faces new charges

Published

on

Liverpool man accused of football parade crash faces new charges

A British man accused of driving his vehicle into crowds celebrating Liverpool’s Premier League title win faces an additional 24 criminal charges, prosecutors revealed Thursday at his latest court hearing.

Former British Marine Paul Doyle, 53, appeared tearful as he joined the hearing at Liverpool Crown Court via videolink from prison, when details of the new counts stemming from the May 26 incident emerged.

Merseyside Police now say 134 people were injured when Doyle allegedly drove his Ford Galaxy Titanium into crowds who were leaving Liverpool’s waterfront after a victory parade.

The 31 charges in total now filed involve 29 victims, aged between six months and 77, the court heard.

Six relate to children including two babies — one aged six months at the time and one aged seven months — who were injured when the car hit people massed on Water street in the city centre.

Supporters of the city’s world-famous football team had thronged its streets to celebrate the club’s record-equalling 20th English top-flight title when scenes of joy turned to horror.

Doyle, a father-of-three from the Croxteth neighbourhood in the city, was initially charged with seven offences, including dangerous driving and causing grievous bodily harm with intent.

He now faces multiple additional counts under that and other charges, including 19 for attempting to cause grievous bodily harm, three of wounding with intent and one of affray.

Doyle, wearing a grey T-shirt, did not enter any pleas during the 20-minute hearing, which several relatives of the victims and more than 20 members of the media attended.

Judge Andrew Menary adjourned the case until September 4, when Doyle is expected to enter pleas.

Earlier this year, a provisional trial date was fixed for November 24, with the case expected to last three to four weeks.

The post Liverpool man accused of football parade crash faces new charges appeared first on Vanguard News.

Continue Reading

Business

Half of Nigerians still offline – Okonjo-Iweala

Published

on

Okonjo-Iweala

…As WTO, ITC, NEPC launch WEIDE Fund to empower women entrepreneurs

By Juliet Umeh

Director-General of the World Trade Organization, WTO, Dr. Ngozi Okonjo-Iweala, has warned that Nigeria’s low internet penetration, with more than half of the population still offline, could limit the country’s ability to tap into the fast-growing global digital trade market.
Speaking at the launch of the Women Exporters in the Digital Economy, WEIDE, Fund in Abuja, on Thursday, Dr. Okonjo-Iweala said only 45 percent of Nigerians are connected to the internet, far below the global average of 67 percent.
WTO DG said: “No nation can truly digitize without a steady supply of electricity and reliable, affordable internet. More than half of Nigerians remain disconnected, and this gap must be closed if we are to seize the opportunities of digital trade.”
According to her, “Nigeria is one of four countries chosen for the WEIDE Fund’s 2024 rollout, alongside Jordan, Mongolia, and the Dominican Republic, after a highly competitive selection process.
“The Nigerian Export Promotion Council, NEPC, led by Executive Director Nonye Ayeni, will implement the program locally.
“Over 67,000 Nigerian women entrepreneurs applied for the fund. Due to the exceptional quality of entries, the number of beneficiaries was increased from 100 to 146 awardees.
“Sixteen entrepreneurs in the Booster Track will each receive up to US$30,000 and 18 months of technical assistance.
“One hundred and thirty entrepreneurs in the Discovery Track will each get up to US$5,000 and a year of business support.
“Beneficiaries operate across sectors such as agriculture, IT, fashion, hospitality, beauty, and manufacturing.”
Dr. Okonjo-Iweala stressed that digital trade, valued globally at US$4.25 trillion, is the fastest-growing segment of commerce, yet Africa’s share remains below 1 percent.
She urged inter-ministerial collaboration among the Ministries of Communications, Industry, and Power to close the connectivity gap, improve infrastructure, and empower women to compete globally.
She added: “When women trade internationally, they earn almost three times more than those who sell locally. The WEIDE Fund is about giving Nigerian women the tools, skills, and market access to multiply those gains.”
Also in his remarks, Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, committed to supporting the initiative, noting that women entrepreneurs bring a unique ability to connect products to real-life problems.
Tijani said: “Empathy is women’s superpower in business, and it is this empathy that creates solutions with lasting impact.”
Also in his remarks, President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, NACCIMA, Dr. Dele Oye, praised the programme for positioning Nigeria in the digital trade ecosystem and supporting the country’s ambition to build a $1 trillion economy.

The post Half of Nigerians still offline – Okonjo-Iweala appeared first on Vanguard News.

Continue Reading

Business

Comfort Emmanson: AON lists air passengers’ ‘unruly behaviour’

Published

on

Comfort Emmanson: AON lists air passengers’ ‘unruly behaviour’

Airline Operators of Nigeria (AON) has listed several behaviour it considers unruly following the controversy raised by Comfort Emmanson’s clash with Ibom Air crew members.

The AON listed the behaviour that may be considered unruly in a statement released on Thursday by its spokesperson, Prof. Obiora Okonkwo, after charges were dropped against Emmanson following intervention from the Minister of Aviation and Aerospace Development, Festus Keyamo.

The statement said, “Consequent upon the intervention of the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, CON, FCIArb (UK), and appeal to lift the life-time ban placed on Ms. Comfort Emmanson by its members for unruly behavior onboard Ibom Air Flight Q9 303 from Uyo to Lagos on August 10, 2025, the AON, having considered all the circumstances of the matter, including the exhibition of remorse for her behavior, as reported, the withdrawal of the complaint and consequent striking out of the charges, and release of Ms. Emmanson from custody, the statement of Government that it takes aviation safety and security very seriously and decision to draw a line after these clemencies, and the proposed retreat to retrain AVSEC personnel and airline crew on the handling of unruly and disruptive passengers, the AON hereby:

“Lifted the life ban placed on Ms. Comfort Emmanson from flying with any AON-member airline for life.

“Calls on the relevant aviation agencies to immediately commence the sensitization of the public on the dangers and consequences of unruly behaviour at airport terminals and onboard aircraft, as spelt out in section 85 of the Civil Aviation Act, 2022 and Part 17 of the Nigeria Civil Aviation Regulations, 2023.

“Believes that incidents of unruly and disruptive behaviour at airport terminals and onboard aircraft will greatly reduce if passengers are aware that such behaviour poses a danger to flight safety and are offences under the law, punishable with a fine or imprisonment or both.

“Unruly behaviour includes but is not limited to:

“a) Assaulting, intimidating, or threatening any flight or cabin crew member;

“b) Using a mobile phone and/or other communication/electronic gadget on board aircraft against the instruction of the pilot-in-command or flight crew or cabin crew;

“c) Smoking on board aircraft or in a non-smoking area of the terminal building;

“d) Fighting or other disorderly conduct on board an aircraft or at the terminal building;

“e) Any conduct constituting a nuisance to other passengers;

“f) Disobedience of lawful instruction issued by the pilot-in-command, flight crew, cabin crew, check-in-staff and/or security screening staff;

“g) Any conduct that endangers the safety of flight operations;

“h) Tampering with smoke detectors or other aircraft equipment.

“Reiterates the power of the pilot-in-command or an AVSEC officer, as provided in the Nigeria Civil Aviation Regulations, to restrain and de-board an unruly and disruptive passenger and to take all necessary measures to protect the safety of the aircraft, the terminal building or of persons and property therein, to maintain good order and discipline on board or at the terminal building and to enable him deliver such person to competent authorities.”

The statement further said that the AON “confirms that members shall cooperate with the relevant aviation agencies and participate in the retraining retreats on how to handle cases of unruly and disruptive passengers as proposed by the Honorable Minister.

“Reaffirms its zero-tolerance policy towards unruly passenger behaviour and enjoins aggrieved passengers to follow proper channels in expressing their grievances.”

The post Comfort Emmanson: AON lists air passengers’ ‘unruly behaviour’ appeared first on Vanguard News.

Continue Reading

Trending

Copyright © 2017 9JAFLAIR, Designed by Webnotch Technologies.