OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...

ETHIOPIA: U. S. TREASURY DEPUTY ASSISTANT SECRETARY MEETS NATIONAL BANK GOVERNOR. (PHOTOS).


 Ethiopia: US Treasury Deputy Assistant Secretary meets National Bank Governor 


Eric Meyer, US Treasury Deputy Assistant Secretary, met today with National Bank of Ethiopia (NBE) Governor, Mamo Mihretu, “to discuss recent macroeconomic developments and the central bank’s ongoing monetary and financial sector reforms,” NBE said. 


Assistant Secretary Meyer’s visit comes amid the ongoing unprecedented microeconomic reforms under the auspices of NEB that was announced on 29 July. 


The sweeping change has since led to a dramatic rise in prices for a range of consumer goods, prompting a crackdown by authorities both in the capital Addis Abeba and outside on businesses accused of “hoarding” and “artificial price hikes.”


On Wednesday this week, NBE held the first of its kind Special Forex Auction in which 27 commercial banks took part with the weighted average of successful bids ending at 107.9 birr per US dollar. 


In addition to the ongoing microeconomic changes, Governor Mamo and Assistant Secretary Meyer “also explored ways to deepen the long-standing bilateral trade and investment relations between the two countries,” NBE further said. 


They were joined by US Ambassador to Ethiopia, Ervin Massinga.

One more photo below. 


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