In so many countries across the globe, it is natural to see small contributory savings schemes. In countries like Ghana, Sierra Leone, Gambia, and Nigeria, this saving scheme is common amongst market women, labourers and other low-income earners who contribute daily as a group. Esusu is a traditional form of […]
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Amazon Quarterly Profit Jumps But Shares Slide
Amazon said Thursday second-quarter profit jumped 48 percent from a year ago to $7.8 billion, but shares in the tech and e-commerce giant fell on a disappointing revenue number. Total revenues increased 27 percent to $113.1 billion, below most Wall Street forecasts, sparking a slide of some six percent in […]
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MTN Nigeria grows profit by 54% despite subscriber loss
MTN Nigeria Communications Plc has announced that its profit before tax jumped by 54.01 per cent to N215.12bn in the first half of this year, compared to the corresponding period in 2020, despite a reduction in its mobile subscriber base. MTN disclosed on Friday that its mobile subscribers declined by […]
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Five reasons to use Instagram Reels Ads to grow reach and reel in engagement
If you want to learn how to increase your reach and engagement with your Instagram content, this article will show you why and how you can use Reels to do just that. Reels are perfect for sharing fun, interactive, and engaging short-form videos that allow you to reach greater audiences. […]
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Staying productive with My SanDisk Ultra Dual Drive USB Type C
As a social media manager, my mobile phone is not just a gadget to me. It is my workplace. It, therefore, needs to function effectively with good memory storage and high-speed internet. With my daily tasks which include content creation, editing, scheduling, and use of analytics tools the 32GB RAM […]
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Why the Huawei P50 Series is limited to 4G LTE and does not support 5G.
Huawei has launched its latest flagship smartphone lineup, the Huawei P50 series, after months of anticipation. These phones, unlike other premium cellphones on the market, do not support 5G networks. The reason for this restriction is clearly explained. Except for 5G, the Huawei P50 series offers practically everything you’d expect […]
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#TechMoney: IMF kicks against adoption of cryptocurrencies as legal tender
The International Monetary Fund has kicked against the adoption of cryptocurrencies, like bitcoin and ethereum, as legal tenders. In a blogpost titled ‘Crypto assets as national currency? A step too far’, the IMF said it did not see crypto currencies catching on as national currencies, and highlighted numerous risks and […]
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#TechMoney: CBN orders banks to create mobile app for forex
The Central Bank of Nigeria has directed commercial banks to create mobile applications and alert systems to update customers of their foreign exchange movement. This follows the CBN’s ban on sales of forex to Bureau de Change operators and directive to deposit money banks to establish teller points to fulfill […]
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FCMB announces N94.2bn revenue, PBT rise by 9.4%
In its unaudited interim earnings report for the first half of 2021, the FCMB Group Plc announced a gross revenue of N94.2bn and profit before tax of N8.9bn. FCMB Group is the holding company for First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited, FCMB Microfinance Bank Limited, […]
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Startups in Africa: Apply for Blockchain Bootcamp 2021
The Blockchain Bootcamp is designed to give early to mid-stage startups in Africa an opportunity to build on Stellar, an open-source blockchain network for financial services and products. The three-day virtual bootcamp will result in a demo day where companies with the most promising solutions built on Stellar will be awarded prizes from […]