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VISA announces grant to help African women fund managers grow their businesses

Herconomy
Aug 24, 2022
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Tech Updates

Mobile wallets: MTN MoMo surpasses eNaira’s 10-month record in less than 2 months

The mobile money business of MTN Nigeria, MTN MoMo is currently leading the financial inclusion drive in Nigeria, ahead of the Central Bank of Nigeria’s eNaira initiative with 4.2 million wallets created in less than two months of its operation. Read more…

Coinbase CEO says the crypto exchange has ongoing plans to cut costs and is actively engaged with regulators

As crypto exchange Coinbase faces industry challenges and economic headwinds, the company is taking a close look at where it can cut costs. Read more…

Federal Trade Commission Drops Mark Zuckerberg From Antitrust Lawsuit

The Federal Trade Commission said it would drop Mark Zuckerberg from a lawsuit filed last month seeking to block Meta Platforms Inc. from buying a small virtual-reality company. Read more…

Business Matters

Nigerian Stocks: List of Dividends announced in 2022

As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. Read more…

VISA announces grant to help African women fund managers grow their businesses

Visa has announced a grant towards the African Women Impact Fund (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa (UNECA). Read more…

Stanbic IBTC announces an interim dividend of N1.50 per ordinary share of N50k

Stanbic IBTC Plc has announced an interim dividend of N1.50 per ordinary share of 50 kobo each, subject to deduction of appropriate withholding tax and regulatory approval. Read more…

Bank of Industry signs £100 million agreement with France to combat climate change in Nigeria

Nigeria’s Bank of Industry has signed a deal valued at 100 million Euros with the French Development Agency (AfD) for the expansion of green finance in Nigeria to tackle climate change. Read more…

SheVentures disburses N5m interest-free loans to SMEs

SheVentures, powered by First City Monument Bank, has commenced the disbursement of 90-day zero-interest loans of up to N5m across the country to women-owned Small to Medium Enterprises. Read more…

Zenith Bank’s H1 gross earnings rise to N405bn

Zenith Bank Plc grew its gross earnings by 17 per cent from N346bn in the first half of the 2021 financial period to N405bn in the corresponding period of 2022. Read more…

NBC empowers 22,000 youths in five years

The Nigerian Bottling Company said it has empowered over 22, 000 youths across 10 cities, and seven campuses within the digital space in partnership with international business machines, between 2017 and when the company started its youth empowerment program till date. Read more…

Stakeholders express concern as Nigeria’s debt hits $100 billion

Stakeholders at the African Conference on Debt and Development (AFCODD) have raised concerns about Nigeria’s rising debt profile as the country’s debt stock stood at $100billion as of March 2022. Read more…

Quote of the Day

"He who is not courageous enough to take risks will accomplish nothing in life."
—Muhammad Ali

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