Momo Payment Service Bank Limited (Momo PSB), the fintech subsidiary of MTN Nigeria, has dragged 18 commercial banks to court to retrieve N22.3 billion “erroneously transferred to 8,000 bank customers”. The company said the erroneous transfers were due to “system exploitation”. According to reports, MoMo PSB experienced a major security breach barely a week after…
Bola Tinubu, presidential candidate of the All Progressives Congress (APC), travelled to France on Monday after meeting with President Muhammadu Buhari. According to a statement issued by Tunde Rahman, his media aide, the APC standard-bearer will hold “important meetings” in the European country. The statement did not say what the meetings are for or who…
A hockey journey that brought Alex Newhook from the Rock to the Rocky Mountain state of Colorado is already filled with accolades and triumphs — but none bigger than Sunday night’s win that made the 21-year-old rookie a Stanley Cup champion. The 2-1 win in Game Six of the Stanley Cup final in Tampa, Fla.,…
With the significant demand for air travel during Hajj, Emirates is deploying extra flights to ensure more connectivity for the scores of pilgrims making their way to the Holy City of Makkah. Emirates will be operating special flights to Jeddah and Medina during the upcoming Hajj season to carry pilgrims for this special period. Emirates…
The International Fiscal Association (IFA) has thrown its weight behind Nigeria for refusing to endorse the Organization for Economic Cooperation and Development (OECD) G20 inclusive Framework two-pillar solution to the taxation of the digital economy, saying it will be an infringement on Nigeria’s sovereignty. The Federal Inland Revenue Service (FIRS) had last month said Nigeria’s…
Yellow police tape now cordons off the drinking place in the South African city of East London where 21 teenagers died in unexplained circumstances. A forensic team has been going through the site at the Enyobeni Tavern to try to understand what exactly took place. There were no visible injuries on the bodies of the…
G7 leaders have detailed plans to mobilise $600bn in funding for the developing world in a move seen as a counter to China’s Belt and Road plan. The Partnership for Global Infrastructure and Investment (PGII) relaunches a scheme unveiled at last year’s G7 talks in England. US President Joe Biden said the plan would deliver…
“The Russians have fully occupied Severodonetsk, our military has retreated to more prepared positions,” Oleksandr Stryuk told Ukrainian TV. Weeks of heavy Russian shelling have reduced the city mostly to ruins. Many civilians have been sheltering at the vast Azot chemical plant, but Mr Stryuk said the only way out now was via Russian-held territory….
Ripples Nigeria quarterly ranking for best performing commercial banks operating in Nigeria is determined by the growth of the financial institutions’ Net Interest Income within three months, with that of Q1 falling between January to March. Net Interest Income is the balance from turnover of interest-bearing assets, such as corporate, personal and other type of…
