ByteDance Plans TikTok IPO To Win U.S. Deal As Deadline Looms

September 21, 2020 361

News Uncategorized

By David Shepardson, Stephen Nellis and Echo WangChina’s ByteDance is planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the U.S. government, people familiar with the matter said on Thursday.Sept 17,2020ByteDance is racing to clinch an agreement […]Continue Reading

CBN Licenses 9mobile Payment Service Bank

August 30, 2020 389

News

Emmanuel Akosile A milestone development may have been recorded recently in the country’s banking and Finance industry as the Central Bank licensed a fintech company as a payment service bank.9PSB, a subsidiary of 9mobile, says it has been granted approval by the Central Bank of Nigeria (CBN) to commence operations in the country,as a payment […]Continue Reading

OPEC Hopes Full commitment To Output Quotas Will Help Firm Oil Prices

August 21, 2020 486

News

By Sanya AdemiluyiAt its virtual meeting, Wednesday, August 19, 2020, OPEC + ‘s Joint Ministerial Monitoring Committee ,JMMC the key words were “full and timely conformity.” As the world’s major crude oil producers closed their ranks over efforts to stabilize the global oil market, a new sense of cooperation appears to be holding up among […]Continue Reading

Makinde Signs Oyo Revised Budget Into Law

August 3, 2020 361

News

The Oyo State governor, Seyi Makinde has signed into law the revised budget for the state for this year,July 29,2020. Makinde himself made some comments about the process leading to the revision of the budget and his thoughts on other aspects of the state’s economy including the planned N100billion bond dubbed “Oyo Prosperity Bond”.This is […]Continue Reading

NDIC To Shutdown 37 Micro Finance, Primary Mortgage Banks

August 3, 2020 261

News

About thirty seven Micro Finance Banks, MFBs may soon be liquidated officially, according to Ronke Sokefun, Chairman of the Board of directors of Nigeria Deposit Insurance Corporation (NDIC).Sokefun was speaking at a chat with the theme: “A Conversation on Deposit Insurance, Banking Supervision, Failure Resolution and Bank Liquidation in Nigeria,” organized by Babalakin Continue Reading

Ukraine’s Parliament Confirms New Central Bank Head

July 20, 2020 341

News

The Rada ,Ukraine’s parliament, has approved President Zelenskiy’s nomination of Kyrylo Shevchenko, CEO of state-owned Ukrgasbank, as the new Governor of the National Bank of Ukraine (NBU),mid July. Shevchenko replaces Yakiv Smoliy who resigned abruptly on July 3,2020, citing political pressure.“ Given the very sensitive nature of Smoliy’s departure and accusations, in Continue Reading