Tag: #FinancialLiteracy
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ONLINE INVESTMENT SCAMS: WHY THE PROMISE OF EASY MILLIONS KEEPS TRAPPING NIGERIANS
The collapse of fraudulent online investment platforms continues to leave thousands of Nigerians counting heavy financial losses, highlighting the dangers of schemes that promise extraordinary returns with little or no risk. From students and traders to civil servants, victims span all age groups, driven by the hope of making quick money in a challenging economic…
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SEC, NYSC TEAM UP TO FIGHT PONZI SCHEMES WITH CORPS MEMBERS
New partnership aims to arm Nigerian youths with investment knowledge and protect them from scams. The Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have joined forces to tackle fraudulent investment schemes by launching a new Community Development Service (CDS) group focused on financial literacy. The initiative, sealed through a Memorandum…
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SEC & NOA TEAM UP TO FIGHT PONZI SCHEMES
New partnership aims to protect Nigerians from investment fraud and shady schemes. The Securities and Exchange Commission (SEC) and the National Orientation Agency (NOA) are joining forces to launch a nationwide campaign against Ponzi schemes and other illegal investment operations. SEC DG Dr. Emomotimi Agama said the collaboration will leverage NOA’s nationwide network to educate…
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LOW-INCOME INVESTORS URGED TO PICK SAFE, REGULATED OPTIONS
Experts say low-risk investments are key to protecting income amid Nigeria’s economic challenges Financial and economic specialists are urging Nigerians—especially low-income earners—to prioritise regulated, low-risk investments to safeguard their earnings during tough economic times. Prof. Wale Oni, an agricultural economist at the University of Ibadan, stressed that oversight by the Securities and Exchange Commission (SEC)…
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STOCK MARKET ENDS WEEK WITH N618 BILLION GAIN ON STRONG BIG-CAP INTEREST
Nigerian equities surge as medium and large stocks draw investor confidence. The Nigerian Stock Market closed the week on a high note, with market capitalization increasing by N618 billion (0.7%) to reach N89.96 trillion. The All-Share Index gained 984 points to close at 142,133, supported by 36 gainers versus 23 losers. Top gainers included Thomas…
