economy

Jul
31
2023
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By Ahmed Ture
According to Tinubu, the strategy of subsidy withdrawal has saved Nigeria about N1trn.

According to Tinubu, the strategy of subsidy withdrawal has saved Nigeria about N1trn.

Africa, Breaking, Nigeria, Politics, , ,
On Monday, President Bola Ahmed Tinubu passionately pleaded with Nigerians to embrace his government's strategy of removing subsidies as well as other intervention programs. In the first instance, he used the national briefing to provide justification for the policy, noting that since his administration took office, the government had saved more than a trillion Naira that would have been wasted on the useless fuel subsidy. Tinubu claimed that the questionable subsidy scheme mainly benefited fraudsters and smugglers, further supporting his assertions. He promised that the money would now be used more directly and to your family's benefit. Tinubu stated in…
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Jul
27
2023
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By Ahmed Ture
Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Breaking, Economy, Technology, , , ,
Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. YouTube video: https://youtu.be/EGIMo97rddM “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking but without potential hassles such as queues that can diminish the experience.”, announced Mabel Adeteye, Wema Bank’s Head of Brand and Marketing Communications at the launch of the initiative. “Phygital tablets grants our customers the seamless in-branch experience they desire by reducing…
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Jul
18
2023
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By Ahmed Ture
According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

Africa, Economy, Technology, World News, , , , ,
Even if state-level cooperation and private investment in the most lucrative sectors of Zimbabwean production are growing between Zimbabwe and Russia, some Russian businesses are exiting the market and selling their holdings there. For instance, numerous businesses recently sold for $90 million. These diamond mining firms are permitted to operate in Bulawayo. Several reports claim that the sale was completed quickly; the reasons behind this have not yet been made public. The amount paid by the buyer, who has not yet been named, was decreased due to the urgency with which the sale needed to be completed. The issue of…
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Jul
17
2023
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By Ahmed Ture
At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

At the mid-year meeting, Kenya’s Ruto advocates for a stronger, more financially independent A.U.

Africa, Breaking, Economy, Politics, , , ,
At the fifth Mid-Year coordination conference of the African Union, which took place on Sunday, July 16, African leaders gathered in Gigiri, Nairobi County. Among other things, the summit sought to resolve important problems with African integration and labor distribution. The President of Kenya presided over the meeting. William Ruto demanded that the AU be reformed with an emphasis on the organization's financial independence. The leader declared, "The pan-African movement has always been about sovereignty and agency. "First and foremost, chronic reliance, even on well-intentioned partners, is at odds with the desire for autonomy, self-determination, and agency. And because of…
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Jul
15
2023
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By Ahmed Ture
The launch of GTBank’s new app is met with complaints from users due to technical issues

The launch of GTBank’s new app is met with complaints from users due to technical issues

Breaking, Nigeria, Technology, ,
After receiving several complaints about its previous app, Guaranty Trust Bank (GTBank), one of Nigeria's largest banks, released a new one for its users. However, the software has received negative reviews from users. Guaranty Trust Bank (GTBank), the fifth-largest bank in terms of assets in Nigeria, unveiled a new banking mobile app on Wednesday. The app's new promise to users was a better user interface. The bank informed users that it would stop supporting the previous iteration of GTWorld by August 12 in conjunction with the release of the new app. A number of GTBank clients alerted TVAfrica that the…
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