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Showing posts from May, 2022

Nigeria’s e-payment transactions grew by N330tr in 2021, a 66% increase – CBN

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The Central Bank of Nigeria (CBN) has revealed that electronic transactions in Nigeria increased by 66 per cent year-on-year to N330 trillion in December 2021 from N198.61 trillion at the end of 2020. Delivering a keynote address at a conference tagged “The Future of Payments and Fraud: Catching the Next New, organised by BusinessDay in Lagos on Thursday, May 12 the Deputy Governor, Financial System Stability CBN, Aishah Ahmad, said that the COVID-19 pandemic changed digitalisation by accelerating the shift to digital image platforms.   Ahmad who was represented by Deputy Director, Banking and Payments System Department at CBN, Taiwo Oladimeji, said;  “Innovation is acknowledged as an important lever to drive meaningful progress in this direction. While financial inclusion continues to improve in Nigeria, the Central Bank of Nigeria has set an ambitious target and that is to achieve means for enabling competition within the fintech sector, which facilitates digit...

Teens to be tried as adults after they were accused of killing their teacher

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Two Iowa teenagers accused of killing their Spanish teacher will be tried as adults. A judge rejected their requests to move their cases to juvenile court this week. Jeremy Goodale and Willard Miller will each face a first-degree murder charge for allegedly beating to death Fairfield High School teacher Noheme Graber, 66, on Nov. 2, 2021, when both suspects were 16 years old.   Willard Miller   District Judge Shawn Showers rejected Goodale’s and Miller’s requests separately on Wednesday, May 11, and Thursday, May 12, respectively, NYPost reports. If the boys were convicted in juvenile court they couldn’t be held in the system beyond six months after their 19th birthday, the Associated Press reported.   Jeremy Goodale   Judge Showers said in each ruling that there wasn’t enough time for the accused to be rehabilitated for "a crime of such magnitude". Goodale, now 17, is accused of helping Miller, 16, kill Graber using a baseball bat then ...

UAE president Sheikh Khalifa bin Zayed dies at 73

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  The President of the United Arab Emirates, Sheikh Khalifa Bin Zayed Al Nahyan, has died. He died today May 13 at the age of 73.   “The Ministry of Presidential Affairs condoles the people of the UAE, the Arab and Islamic nation and the world over the demise of His Highness Sheikh Khalifa bin Zayed Al Nahyan, the president of the UAE,” a statement released by the state news agency, WAM, reads   Sheikh Khalifa bin Zayed Al Nahyan served as the president of the UAE and Ruler of Abu Dhabi since 3 November 2004. He was elected to succeed his father, the late His Highness Sheikh Zayed bin Sultan Al Nahyan, who served as the UAE’s first president since the union in 1971 until he passed away on 2 November 2004. Born in 1948, Sheikh Khalifa was the second President of the UAE and the 16th Ruler of the Emirate of Abu Dhabi. He was the eldest son of Sheikh Zayed. May his soul rest in peace, Amen.