Western Union, a cross-border, cross-currency money movement and payments, announced it has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories. The goal to expand real-time payout...
Air Transport Services Group, Inc. (NASDAQ:ATSG) announced the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-200 converted freighter to Astral Aviation of Kenya under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the first Boeing 767 that Astral...
Gold prices surged to their highest in nearly eight years on Wednesday, while global shares cooled as signs of an acceleration in coronavirus cases kept investors on edge. Fuelling concerns about the prospects for an economic recovery was data showing several U.S. states seeing record infections and the death toll...
The greenback steadied on Friday but was set for its biggest weekly drop in three weeks as caution over growing coronavirus infections cast doubt over the U.S. economic outlook while a bounce in stocks pushed the kiwi dollar higher. Though an easing in European lockdown rules bodes well for sentiment...
Tokyo stocks were higher Tuesday morning, as investor sentiment was bolstered by the U.S. technology shares rising overnight sending the Nasdaq Composite Index to a record high. The 225-issue Nikkei Stock Average gained 184.57 points, or 0.82 per cent, from Monday to 22,621.84. The broader Topix index of all First Section...
Britain, France, Italy and Spain suggested a “phased approach” to global digital taxation talks in a joint letter to the U.S. treasury secretary last week, which they said could open the way for a deal this year. The four countries sent the letter to Secretary Steven Mnuchin after he called...
Minister of Information and Culture, Lai Mohammed, on Thursday said that unfair criticism of the Nigerian government by Nigerians caused Twitter to locate its headquarters in Ghana instead of Nigeria. Co-founder of the social networking service, Jack Dorsey, on Monday announced that Twitter had finally decided to set up an...
United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance. The Chairman, UBA Group, Mr Tony Elumelu, gave the assurance at the...
New Zealand police have frozen 140 million New Zealand dollars (90 million dollars) in funds thought to be linked to a crypto-currency firm whose owner has been accused of money laundering. Police Commissioner Andrew Coster said in a statement on Monday that “the money is linked to the Canton Business...
The House of Representatives has resolved to investigate alleged illicit trade on human organs between Nigeria and China. The resolution was sequel to a unanimous adoption of a motion by Rep. Rimamnde Kwewum (PDP-Taraba) and co-sponsored by Rep. Olajide Olatubosun (APC-Oyo), at plenary on Thursday. Moving the motion earlier, Kwewum said...
A Midnight fire has destroyed goods worth millions and property at the popular Oba Market, near the King Square (Ring Road), Benin City, Edo StateQuick News Africa has learnt. The fire reportedly started at the early hours of Monday morning ‎when there was no electricity supply to the market. According to Assistant ‎Controller,...
The nation’s bourse opened the month of April with a loss of N67 billion, amid profit taking ahead of Easter celebrations. Specifically, the market capitalisation which opened for the month at N20.428 trillion dipped N67 billion or 0.33 per cent to close at N20.361 trillion. The downturn was supported by investors...
DUBAI, United Arab Emirates: March 30, 2021: Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country have signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital. Insurers in Ethiopia...
United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an...
Some Uber and Bolt e-cab drivers in Lagos on Saturday asked the e-hailing companies to immediately increase fares being charged by the operators, failing which they would go off the roads on Monday. The e-cab operators, under the aegis of Professional E-hailing Drivers and Private Owners Association (PEDPA), threatened to...
Streaming giant, Netflix has revealed plans to spend $17 billion on content this year, as revealed in its first-quarter earnings report. The news is contained in a recent Variety report and the company, speaking via its letter to shareholders, said: "As we have noted previously, the production delays from COVID-19...
Traders, commercial bus drivers, tricycles and motorcycle operators have taken over walkways and pavements in most parts of Lagos, denying pedestrians free movement along the city’s busy roads, an investigation by the News Agency of Nigeria (NAN) has revealed. The walkways are passages or paths constructed for pedestrians. To ensure...