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PayPal announces senior Intuit exec Alex Chriss new CEO

A senior executive of tax-preparation software provider Intuit, Alex Chriss will succeed PayPal Holdings’ longest-serving CEO Dan Schulman on September 27. The shift in leadership is a turning point for the leader in digital payments, PayPal, which last week launched a U.S. dollar stablecoin in an effort to expand its presence in the cryptocurrency payments […]

aomenyepdnlimited-com
14th August 2023
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News Tech

Crypto news platform CoinDesk cuts workforce ahead of sale

Digital Currency Group’s CoinDesk, a crypto media company, is cutting back on staff, according to a report by TechCrunch. “…several roles, predominantly in our media team, were impacted by a reduction in force,” Kevin Worth, CEO of CoinDesk, said. The Wall Street Journal reported last month that a deal to sell the media company to […]

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14th August 2023
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Tech

Ex-Apple VP Peter Stern to lead Ford Motor’s new business services

Automotive company, Ford Motor announced on Monday the appointment of a former Apple Inc executive, Peter Stern, as the president of its newly-established integrated services business. This division is primed with the critical mission of conceiving and promoting cutting-edge software solutions for Ford’s expansive array of vehicles. With a storied background encompassing leadership roles in […]

jonuorahpdnlimited-com
14th August 2023
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Business

Neveah issues its N8.9bn series 6-13 commercial paper

Leading commodity trading firm Neveah has announced the successful conclusion of its Series 6-13 Commercial Paper Issuances, which raised a total of N8.9 billion. The Nation reported that a wide spectrum of investors, including asset managers, insurance companies, PFAs, and trustees, responded favourably to the series 6-13 issuances and actively subscribed to them. The FMDQ Securities […]

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14th August 2023
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News Tech

Iraq lifts ban on Telegram

Iraq’s telecom ministry lifted the ban on Telegram over the weekend after blocking the chat app due to security concerns. According to a statement that was translated, the ministry said that the ban was lifted as a result of Telegram’s “response of the company that owns the application to the requirements of the security authorities,” […]

aomenyepdnlimited-com
14th August 2023
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European retailers urge EU to tackle high Visa, Mastercard fees

News Tech

Mastercard to buy minority stake in MTN’s Momo

Global leader payment solutions provider, Mastercard Inc. has agreed to acquire a minority stake in the fintech unit of MTN Group, valued at $5.2 billion. “Signing of the definitive investment agreements is expected to occur in the very near term,” MTN Chief Executive Officer Ralph Mupita said in a statement on Monday. Over 46 million […]

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14th August 2023
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News

How money apps force unapplied loans on customers – Agents

A web of concerning practices has been unveiled within the realm of loan apps, with agents stepping forward to shed light on alarming tactics employed by the likes of Palmcredit, Easybuy, Xcrosscash, and Newcredit. These agents shared their experiences, saying that their bosses force them to give out as many loans as possible every day, […]

jonuorahpdnlimited-com
14th August 2023
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News

KBL urges insurance providers to raise awareness

The Executive Director of Business Development and Technical at KBL Insurance Limited, Mr. Charles Ajawuihe, has identified two reasons that are impeding the growth of the insurance industry: a lack of commitment and a limited budget for awareness campaigns. The Punch reported that he added that other impediments included the industry’s inadequate policy execution, the economic slump, and […]

bfatoyepdnlimited-com
14th August 2023
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Only four Nigeria states attract foreign investment in Q4 - Report

Transportation

Bus fare rises 98% one month – NBS

The National Bureau of Statistics reports that while the price of Premium Motor Spirit increased at the pump, the average cost of bus travel within Nigerian cities increased from N649.59 in May 2023 to N1,285.41 in June 2023. These figures which were derived from the NBS’s June 2023 Transport Fare Watch report indicate that within a month, […]

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14th August 2023
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News

Workers dump PFAs, new operators get N822bn retirement savings

203,127 workers have changed their Pension Fund Administrators and transferred N822.37 billion from their Retirement Savings Accounts since the National Pension Commission opened the transfer window. The Punch reported that this information was provided by PenCom in their transfers report titled “Quarterly Summary of Retirement Savings Accounts Transferred by Pension Fund Administrators” for the period […]

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14th August 2023
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PenCom recovers N25.45bn unremitted contributions

News

Retirees withdraw N7.79bn savings, quit pension scheme – PenCom

In one year, 15,634 workers who retired under the Contributory Pension Scheme and could not receive up to N10,000 monthly stipends withdrew N7.79 billion from their respective Pension Fund Administrators’ Retirement Savings Accounts. According to The Punch, National Pension Commission’s weekly report on en-bloc payments to retirees reveal that these retirees were those who had less […]

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14th August 2023
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CBN extends old naira's validity indefinitely

News

Naira crashes further as banks face dollar shortage – Report

The value of the naira has gotten worse as a result of the growing disparity between the supply and demand of dollars in banks and on the black market. According to research by The Punch, the naira fell from 860/$ to 960/$ at the parallel market as of Friday, losing N100 in less than three […]

bfatoyepdnlimited-com
14th August 2023
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US introduces $250,000 visa bond rule for some

Delta attracts foreign investors as Brazil, Malaysia, explore

Businessman accuses ‘fake’ agency DG of N400m contract

EFCC freezes Osun government account

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Some Populer Post

US introduces $250,000 visa bond rule for some applicants

Delta attracts foreign investors as Brazil, Malaysia, explore partnerships

Businessman accuses ‘fake’ agency DG of N400m contract scam

EFCC freezes Osun government account

PayPal announces senior Intuit exec Alex Chriss new CEO

Crypto news platform CoinDesk cuts workforce ahead of sale

Ex-Apple VP Peter Stern to lead Ford Motor’s new business services

Neveah issues its N8.9bn series 6-13 commercial paper

Iraq lifts ban on Telegram

Mastercard to buy minority stake in MTN’s Momo

How money apps force unapplied loans on customers – Agents

KBL urges insurance providers to raise awareness

Bus fare rises 98% one month – NBS

Workers dump PFAs, new operators get N822bn retirement savings

Retirees withdraw N7.79bn savings, quit pension scheme – PenCom

Naira crashes further as banks face dollar shortage – Report

US introduces $250,000 visa bond rule for some.

Delta attracts foreign investors as Brazil, Malaysia, explore.

Businessman accuses ‘fake’ agency DG of N400m contract.

EFCC freezes Osun government account

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