Author: Solomon Alaka

Granular Data for More Equitable Financial Systems | Blog

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As financial systems evolve, so, too, must the data and tools used for oversight. Emerging technologies are transforming supervision through Supervisory Technology (Suptech) solutions, allowing for more effective and efficient oversight with improved data quality. These innovations enable data-driven approaches with unprecedented levels of granularity and quality, deepening our understanding of financial markets. Supervisors using […]

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England Faces Surge in Child Protection Referrals Amidst System Strain and Pressure

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In England, approximately 1,700 children are referred daily to children’s social care services, totaling over 621,000 referrals in the year ending March 2024. This surge underscores the escalating pressures on the system, with over 83,000 children currently in care—a 4.5% increase from 2020 . The Local Government Association (LGA) attributes the rising demand to factors […]

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Nigerians Lose Over $847 Million (₦1.3 trillion) as CBEX Investment Platform Collapses: Calls Grow for Stronger Investor Protection

Solomon AlakaLeave a Comment on Nigerians Lose Over $847 Million (₦1.3 trillion) as CBEX Investment Platform Collapses: Calls Grow for Stronger Investor Protection

Thousands of Nigerians are reeling after the digital investment platform CBEX reportedly vanished with an estimated $847 million (approximately ₦1.3 trillion) from users’ accounts. The platform, which promised returns as high as 100% per month, locked users out of their accounts and halted withdrawals without prior warning. According to cryptocurrency expert Taiwo Owolabi, the total […]

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Minister Paschal Donohoe Champions Eurozone Interests at High-Stakes IMF and World Bank Meetings in Washington

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Washington, D.C. — Paschal Donohoe, Ireland’s Minister for Finance and President of the Eurogroup, is attending the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington this week, representing both Ireland and the wider euro area. These annual meetings convene global finance ministers and central bank governors to assess […]

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Tesla Eyes Recovery Despite Steep Q1 Profit Drop Due to Market Uncertainty

Solomon AlakaLeave a Comment on Tesla Eyes Recovery Despite Steep Q1 Profit Drop Due to Market Uncertainty

Tesla Inc. has pledged to recalibrate its strategic outlook after reporting a steep 71% year-over-year drop in net income for the first quarter of 2025, falling to $409 million. The electric vehicle and clean energy company also saw its earnings per share (EPS) decline by 40% to $0.27, with total revenue slipping 9% to $19.34 […]

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Vietnam’s Escalating Crackdown on Dissent: A Deepening Crisis

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Vietnam’s government has intensified its suppression of dissent, increasingly targeting ordinary citizens and activists for peacefully expressing concerns about state policies and public officials. Human Rights Watch (HRW) highlighted this alarming trend in its report titled “We’ll All Be Arrested Soon’: Abusive Prosecutions under Vietnam’s ‘Infringing of State Interests’ Law,” released today. The Weaponization of […]

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Four Convicted in Guinea-Bissau Cocaine Bust Transferred to U.S. for Trial

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Four foreign nationals convicted of trafficking 2.63 metric tons of cocaine in Guinea-Bissau have been transferred to the United States to face additional charges, the U.S. Department of Justice announced on Friday. The individuals—Ramon Manriquez Castillo (dual U.S.-Mexican citizen), Edgar Rodriguez Ruano (Mexico), Fernando Javier Escobar Tito (Ecuador), and Anderson Jair Gamboa Nieto (Colombia)—were sentenced […]

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Delta Flight 1213 Engine Fire Forces Emergency Evacuation at Orlando Airport

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On April 21, 2025, Delta Air Lines Flight 1213, an Airbus A330, experienced an engine fire shortly after pushback from the gate at Orlando International Airport. The aircraft, bound for Atlanta with 282 passengers and 12 crew members aboard, was evacuated via emergency slides at approximately 11:15 a.m. EDT. No injuries were reported. The fire […]

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Will FATF’s Travel Rule Revisions Affect Financial Inclusion? | Blog

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The Financial Action Task Force (FATF) is consulting on revisions to its travel rule that will affect all payments and value transfers. The proposed changes form part of the G20’s roadmap for enhanced cross-border payments. However, they pose a threat to the speed, cost, and inclusiveness that the international community expects from global remittances. So […]

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Climate crisis driving surge in gender-based violence, UN report finds

Solomon AlakaLeave a Comment on Climate crisis driving surge in gender-based violence, UN report finds

That is the warning from a new report by the UN Spotlight Initiative, which finds that climate change is intensifying the social and economic stresses that are fuelling increased levels of violence against women and girls. The report finds that extreme weather, displacement, food insecurity, and economic instability are key factors increasing the prevalence and severity of […]

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