Markets

11Plc appeals the sale of the Lagos Continental Hotel to the Supreme Court

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December 17, 2022
The recent decision of the Appeal Court invalidating the sale of the Lagos Continental Hotel to 11Plc has been appealed to the Supreme Court by the Asset Management Corporation of Nigeria (AMCON), Polaris Bank Limited, and 11Plc. The parties appealed to the Supreme Court via their Notice of Appeal dated December 5, 2022, 11Plc said in a statement on Thursday. The parties have filed an application…
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BankingFintech

Visa promises to invest $1 billion in Africa's payment system over the next five years.

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December 17, 2022
Visa has committed to spending $1 billion over the following five years to improve Africa’s payment environment. The international payment company made the investment announcement on Wednesday during the US-Africa Business Forum. The investment will, in the company’s words, “seek to advance resilient, innovative, and inclusive economies across the continent” and…
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Technology

Latest chipset for 5G smartphones is unveiled by MediaTek.

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December 17, 2022
Next-generation 5G smartphones will be powered by MediaTek’s flagship processor, the Dimensity 9000 chipset technology, in Nigeria. Dimensity 9000, according to MediaTek, is the first smartphone chip ever created using the incredibly effective TMSC N4 (4nm-class)…
Banking

Withdrawal Limit Policy: According to Emefiele, there are 1.4 million mobile bankers in Nigeria.

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December 11, 2022
Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, on Thursday, said there are about 1.4 million super agents (mobile banking operators including POS agents) in the country for Nigerians to patronise for business transactions. Emefiele said this while reiterating the monetary policy of the apex bank would stand for the benefit of the nation’s economy and not cause harm for the…
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BlockchainTechnology

Cardano (ADA) and Orbeon Protocol (ORBN) Are Expected to Dominate the Market in 2023

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December 11, 2022
Both Cardano (ADA) and Orbeon Protocol (ORBN) are predicted to become the new market leaders in 2023, with their growth only set to rise during the upcoming months. And with Orbeon Protocol (ORBN) smashing its phase 1 presale, recording gains of 260% whilst markets are still turbulent, it’s clear that this project has so much potential for investors and users alike. >>BUY ORBEON TOKENS…
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