E-Money To Raise Jnr Pope’s Sons
Nigerian billionaire E-money takes it upon himself to raise Late Jnr Pope’s three kids. Recall that on April 10, 2024, the 39-year-old actor sadly lost his life in a boat accident while filming a movie Junior Pope’s death was officially declared after many attempts at CPR were unsuccessful. On their way back from the shoot…
7 Ways Hypertension Can Change Someone’s Life (part 2)
In the last post, we talked of how Hypertension can cause increased cardiovascular risk Today, we’ll talk on how it can cause organ damage High blood pressure, if left uncontrolled, can lead to damage to various organs in the body through several mechanisms: 1. Kidney Damage: The kidneys play a crucial role in regulating blood…
IMF reviews Nigeria’s economic growth to 3.3%
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per cent. This revision was announced in the IMF’s World Economic Outlook for April, which was released during the ongoing 2024 Spring Meetings of the World Bank and IMF in Washington, United States. The…
Binance.US Taps Former New York Fed Compliance Chief for Board Role
Martin Grant served with the New York Fed for over 30 years, including as its chief compliance and ethics officer. Crypto Prices CoinDesk 20 Index Consensus 2024 Price Increase Extension Ends In 03 DAYS 13 HR 21 MIN 37 SEC Register Policy Binance.US Taps Former New York Fed Compliance Chief for Board Role…
GTBank begins process to raise $750 million
Guaranty Trust Holding Company, the parent company of GTBank, Nigeria’s 5th biggest bank by assets, will seek shareholder approval to raise $750 million in additional capital weeks after the Central Bank raised minimum capital requirements tenfold for the country’s biggest banks. GTbank will raise new capital by issuing new ordinary shares, preference shares, convertible…
Tanzania’s NALA wants to make Rwanda a settlement hub for East Africa
NALA Money, the Tanzanian business and consumer cross-border payments fintech backed by Bessemer Ventures and Accel, says it plans to make Rwanda a settlement hub for its East African remittance business. Making Rwanda a settlement hub means that all international money transfers that Nala processes for beneficiaries in East Africa will first terminate in Rwanda…
Building trust: Why Africa needs inclusive cybersecurity solutions
This article was contributed to TechCabal by Sylvia Brune. In the last decade or more, it has been said that mobile penetration and increased internet access will usher in economic growth in Africa. But does smartphone penetration and internet connectivity automatically lead to economic growth or are there resulting digital challenges that could gravely affect…
Nigeria’s request to extradite Binance exec from Kenya could face complications
Nigerian authorities have asked Kenya to arrest and extradite Nadeem Anjarwalla, the Binance executive who escaped detention on March 25 after being charged with tax evasion, per the Daily Post. A detective with the Directorate of Criminal Investigations (DCI) who asked not to be named because of the sensitivity of the matter told TechCabal the…
UPDATED: FG begins disbursement of N200bn palliative loans
The Ministry of Industry, Trade and Investment says it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process. The government, through the Bank of Industry, had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and businesses across the country. In a…
Elon Musk Confirms Plans to Charge New Users on X a ‘Small Fee’ Before They Can Write Posts
Elon Musk-owned X (formerly known as Twitter) could soon start charging new users an annual fee to give them access to write, like, reply to, or bookmark posts on the platform. The billionaire confirmed the plans to charge new users on the microblogging platform on Monday, stating that the move was aimed at reducing spam on…
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