Banking. Revenue. TechnoBiz
The Bureau of Public Enterprises (BPE) has hinted of its plans to collaborate with the Hydroelectric Power Producing Areas Development Commission (HYPPADEC) to better the lot of host communities of Hydro-Power Plants in the country. Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh , gave the pledge in Abuja on Wednesday, […]
Mouka, Nigeria’s leading manufacturer of mattresses, pillows and other bedding products, has launched a new eco-friendly mattress called Eco-Comfy to improve sleep comfort for Nigerians. The mattress is made up of 100 percent recyclable polyester fibre which promotes airflow around the body, keeping the consumer cool and comfortable through the night. Commenting on the company’s […]
Jaiz Bank Plc has released its financial results of for the second quarter ended 30 June 2021 to the Nigerian Stock Exchange (NSE), indicating a 70.6% growth in Profit After Tax (PAT), from N1.17 billion declared in June 2020 to N1.99 billion at the end of June 2021. The results further showed that bank’s total […]
A leading environment-focused civil society organization (CSO), Environmental Rights Action Friends of Earth Nigeria (ERA/FoEN), has charged the Federal Government to ensure that oil giant, Shell Petroleum Development Company (SPDC) Nigeria, account for all its actions before divesting its interests from the nation’s oil and gas industry. The CSO in a statement issued in Benin, […]
Kuda, a London-based, Africa-focused challenger bank, has raised $55 million in a Series B funding round which was made at a valuation of $500 million According to news report by TechCrunch, Kuda achieved its latest feat with its registered users rising to 1.4 million, up from about 700,000 users in March. An analysis of the […]
The Reserve Bank of India (RBI) on Wednesday warned the public to be wary of any bogus offer to buy or sell old banknotes and coins through various online or offline platforms citing ongoing fraudulent activities. The regulatory financial institution in a press release advised members of the public to remain cautious and not to […]
The Central Bank of Nigeria (CBN) on Tuesday issued guidelines for licensing and regulation of Payments Service Holding Companies (PSHCs) in the country. The new guidelines and regulation were contained in a circular issued by the apex bank to all Deposits Money Banks (DMBs), Payment Service Providers (PSBs) and Other Financial Institutions (OIFs). Specifically, the […]
Financial payments services firm, Square, run by Twitter CEO Jack Dorsey, has announced to acquire Australian company, Afterpay, for $29 billion in an all-stock deal A news report sourced from business-standard.com, an online medium, indicated that Afterpay, the pioneering global ‘buy now, pay later’ (BNPL) platform, would accelerate Square’s strategic priorities for its Seller and […]
The Debt Management Office (DMO) has announced the opening of the Federal Government’s August savings bond offer to investors, stating that the offering will close on August 6. The DMO, in a circular posted on its website on titled ‘FG savings bond offer for subscription August, 2021’ indicated that the offering was for two-year and […]
The Chinese government has announced tax reliefs for residential property leasing operators as part of its efforts to support the growth of real estate and housing sub-sector of the nation’s economy. The latest fiscal measure by the government was jointly made by the country’s Ministry of Finance, State Administration of Taxation, and Ministry of Housing […]