The Managing Director of the International Monetary Fund , Kristalina Georgieva , will be in her position till October 1, 2029, as she has secured another five-year tenure.The Managing Director of the International Monetary Fund , Kristalina Georgieva , will be in her position till October 1, 2029, as she has secured another five-year tenure.The decision to renew the tenure of chief executive of the IMF was arrived at through consensus. Georgieva was the only candidate for the position.
Nigerian football has again received another major knock as World Football governing body , yesterday, announced the appointment of match officials for football events at the 2024 Olympic Games with Nigerian referees missed out. The Director, Gender, Poverty and Social Policy Division, United Nations’ Economic Commission for Africa , Sweta Saxena, has said that African Continent has all the ingredients required to be successful.
The Minister of State for Defence, Bello Matawalle, has lambasted the Northern Elders Forum , labelling them a "political burden" and "preposterous for a group of people" seeking political relevance to overburden the system. Recently, the NEF expressed regret for endorsing President Bola Tinubu in the 2023 general election. The forum said, that for the…
Kristalina Georgieva
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IMF Confirms Kristalina Georgieva For Second 5-Year TermThe Latest News from Nigeria and Around the World
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Georgieva to serve second term as IMF Managing DirectorMs Georgieva said she was honoured to continue to lead the IMF as Managing Director for a second five-year term.
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Melting Polar Ice Slows Earth's Rotation and Affects Time MeasurementA new study has found that the melting of polar ice due to human-driven climate change has slightly slowed the earth’s rotation and could affect how we measure time. The study revealed that the melting of the ice has reduced the speed of the planet’s rotation, resulting in the need to skip a second in 2029 to keep universal time in sync with the earth’s rotation. This delay is being influenced by global warming, pushing the leap second from 2026 to 2029.
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Financial institutions lost $12bn to cyberattacks in 20 years, says IMFThe International Monetary Fund (IMF) says financial institutions lost a sum of $12 billion to cyberattacks in the past 20 years.
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IMF Report Reveals Financial Industry as Frequent Target of Cyber IncidentsThe International Monetary Fund (IMF) has disclosed in its latest report that about one-fifth of recorded cyber incidents in the past two decades have affected the financial industry. The report highlights that banks are the most frequent targets, followed by insurers and asset managers. Financial firms have reported significant direct losses, totaling almost $12 billion since 2004 and $2.5 billion since 2020. The report also mentions that firms in advanced economies have been more exposed to cyber incidents compared to those in emerging market and developing economies.
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Financial institutions lose $12bn to cyber attacks in 20 years — IMFThe International Monetary Fund (IMF) has said that financial institutions across the world lost a sum of $12 billion to cyber attacks in the past 20 years.
Source: vanguardngrnews - 🏆 5. / 75 Read more »