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Fintech app

Fintech app installs in Africa,Nigeria records the highest number

Globally,the demand for Finance apps worldwide has surged in the last couple of years, with a 132% leap in downloads between Q1 2019 and Q1 2021. Finance app installations surged in Sub-Sahara Africa, starting in Q2 2020 with Nigeria having the highest number of fintech app installations in Africa growing at +160%. Other countries in …

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First Bank

First Bank unveiled New Improved Website to Increase Financial Inclusion and Ease Banking Services

First Bank plc, Nigeria foremost bank,  has unveiled its new improved corporate website which will serve as a financial services library that will keep customers and the public abreast of various financial services solutions and offerings, thereby helping them to improve their economic and social wellbeing.” With a network of over 750 business locations, the …

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google

Google lifts ban on US crypto exchange and wallet advertisements

Google, the world’s most popular search engine in press release lifting a nearly three-year-old policy banning Crypto exchanges from using its ad services. The lifting ban means advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google. The …

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star, David Beckham buys 10% stake in UK electric car firm, Lunaz

Soccer star, David Beckham buys 10% stake in UK electric car firm, Lunaz

Soccer Star,David Beckham, 46, has taken 10% stake in Lunaz, a UK-based car restoration and electrification firm that electrifies classic cars from Rolls-Royce to Jaguars and Range Rovers. The former England captain expands his portfolio of investments in startups join Lunaz’s founders and the Barclay, Reuben and Dellal families as a shareholder. The Former England, …

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Ripple

Ripple win against United State SEC as Court Denies access to Ripple’s legal advice

The ongoing legal battle between Ripple and United States Securities and Exchange Commission has taken a new tone , Ripple scored another win as  court denied the SEC access to Ripple’s legal advice. Magistrate Judge Sarah Netburn of the District Court for the Southern District of New York ruled Sunday to deny the SEC’s motion …

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Microfinance Banks loan

3 Microfinance Banks that offer up to N5 million Loan

Business owners who doesn’t have capital to kickstart operations, sustain cash inflow will often fail as result kokolevel Blog has reveled Microfinance banks (MFBs) that can offer customers N5 million easily. Despite the crucial role that MSMEs play in the economy, particularly in developing nations, they are usually disadvantaged when it comes to sourcing funds …

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U.S Treasury Calls for Businesses to Report Crypto Transfers of More Than $10,000 to the IRS says they pose tax evasion risk

U.S Treasury Calls for Businesses to Report Crypto Transfers of More Than $10,000 to the IRS says they pose tax evasion risk

The flagship crypto, Bitcoin drifted lower after nearing $42,000, to trade at around $39,712 at the time of this report, still Bitcoin is up 6.12% for the day. The U.S. Treasury has introduce a proposal to strengthen tax compliance in that world’s largest economy, which includes businesses reporting crypto transfers worth at least $10,000 to …

U.S Treasury Calls for Businesses to Report Crypto Transfers of More Than $10,000 to the IRS says they pose tax evasion risk Read More »

Lagos records N127 billion internally generated revenue in 3 months

Lagos State in 3 months Generate N127 billion as internally revenue and Contributes 32 Percent of Nigeria’s Total IGR

The Lagos State Commissioner for Finance, Dr Rabiu Olowo, has announced that Lagos State Government had an Internally Generated Revenue (IGR) of N127 billion in the first quarter of 2021 despite the devastating effects of the coronavirus pandemic on the state’s economy. The Commissioner in his statement said, ”Our revenue trajectory and the trend shows …

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Paypal’s Venmo

Paypal’s Venmo users can now buy and sell bitcoin and other cryptocurrencies

As companies show more interest in cryptocurrency,Venmo, a mobile payment service owned by PayPal has join the race.The payment platform has revealed that users can now buy, hold and sell cryptocurrencies on its app. Crypto on Venmo is enabled through PayPal’s partnership with Paxos Trust Company, a regulated provider of cryptocurrency products and services. Just …

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Access Bank

Access Bank to acquire 78.15 per cent stake in BancABC Botswana

Nigeria biggest financial  institution, Access Bank PlC is set to entered into a definitive and binding agreement with ABC Holdings Limited to acquire 78.15 per cent shareholding in fifth largest bank in Botswana, (BancABC Botswana). The deal is expected to close before the end of the second quarter. ABC Holdings is a subsidiary of London …

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Nigeria naira bank note

History of Nigerian Currency: What year and date was Naira banknote introduced

  The history and origin of Nigeria currency can be trace down to  1912 to 1959,  when the West African Currency Board (WACB) issued the first set of banknotes  and coins in Nigeria and other part of west Africa countries like Ghana, Sierra Leone and the Gambia. The highest banknote denomination was one pound, while …

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Visa Inc to accept cryptocurrency payment settlements for transactions

Visa Inc to accept cryptocurrency payment settlements for transactions

The world’s biggest payments company,Visa Inc announced to start accepting and processing Cryptocurrency USD Coins whose value is pegged directly to the U.S. dollar in  its network. The cryptocurrency wallet will deposit traditional fiat currency in a bank account, to be wired to Visa at the end of the day to settle any transactions, adding …

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Non-Performing Loans

Nigerian banks Non-Performing Loans ratio jump to 6.3% as against CBN 5% benchmark

Commercial banks in Nigeria Non-Performing Loans (NPL ratio has move higher to to 6.3% for the month of February 2020. However, the apex bank regulatory acceptable NPL ratio is 5%, the situation breached the CBN benchmark since the fall in oil prices began in the 4th quarter of 2019 and the Covid-19 pandemic broke in …

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Elon Musk said, you can now buy a Tesla with bitcoin in the US

Elon Musk said, you can now buy a Tesla with bitcoin in the US

The world’s most valuable carmaker, Elon Musk has revealed via Twitter that customers can now buy a Tesla with Bitcoin. For accepting bitcoin payments, Tesla isn’t relying on any third-party networks or wallets — the company is “using only internal & open source software & operates Bitcoin nodes directly The fast-rising American electric car manufacturer …

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Paysafe’s Skrill partners with Coinbase to provide new Crypto solutions in United States

Paysafe’s Skrill partners with Coinbase to provide new Crypto solutions in United States

Paysafe’s Skrill, a leading specialized payments platform, partners up with Coinbase to launch a new white-label solution by enabling customers across 37 states in United states and territories to easily buy and sell multiple cryptocurrencies. This first phase of Skrill’s expansion into the US cryptocurrency market strengthens American access to digital wallet availability, with support …

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CBN

CBN List of approved international Money Transfer Operator in Nigeria

The Central Bank of Nigeria (CBN) has unveiled the list of approved 100 International Money Transfer Operators in Nigeria as the apect bank approved Flutterwave Technology, Paypal Inc, Western Union, e-Tranzact Limited, Interswitch Limited, Moneygram, and Cashpoint Limited the already existing list. We are going to list out all the international money transfer operator in …

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Cristiano Ronaldo presented with special 'G.O.A.T

Cristiano Ronaldo Presented With ‘GOAT’ 770 Shirt By Juventus for passing Pele’s goal mark

Juventus president Andrea Agnelli present Cristiano Ronaldo with a special commemorative shirt for breaking Brazil legend Pele’s official goalscoring record of 767 goals. It comes after Ronaldo was named the Serie A player of the year on Friday for the second consecutive time. There’s no player in the world who hasn’t been raised listening to …

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