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Nigeria’s economy is reaping the benefits of realtime digital banking transformation, adding $ 6 billion to GDP by 2026

Nigerias realtime digital payments revolution is leading to unprecedented economic growth and financial inclusion in Africas largest economy. Realtime

Nigerias realtime digital payments revolution is leading to unprecedented economic growth and financial inclusion in Africas largest economy. Realtime transactions are estimated to increase to 8.8 billion per year by 2026, representing a 5year CAGR of 18.6%. This will help release another $ 6 billion in GDP by 2026. NIBSS Instant Payment NIP was launched in July 2011. The system is supported by all commercial banks, microfinance banks, and mobile currency operators. Online and mobile banking, bank branches, kiosks, mobile USD, POS terminals, and ATMs are all places where PINs can be used. Read More..

B2B Tech News | 2 years ago        

The Dutch central bank has fined cryptoexchange Binance $ 3.4 million for very serious violations

The Dutch central bank, De Nederlandsche Bank DNB, has fined Binance Holdings Ltd. 3.325 million euros $3.4 million for offering crypto services in th

The Dutch central bank, De Nederlandsche Bank DNB, has fined Binance Holdings Ltd. 3.325 million euros $3.4 million for offering crypto services in the Netherlands without registration. Binance has appealed against the fine and has now applied to register with the central bank. The central bank stressed that companies offering such services must register with it as mandated in the Money Laundering and Terrorist Financing Prevention Act. Read More..

B2B Tech News | 2 years ago        

Signing of a memorandum of understanding on the sale of gas with the Bulgarian company Overgas

On July 14, 2022, in Sofia, Bulgaria, Excelerate Energy, Inc. and Overgas, Inc. AD of Bulgaria signed a Memorandum of Understanding. The two parties w

On July 14, 2022, in Sofia, Bulgaria, Excelerate Energy, Inc. and Overgas, Inc. AD of Bulgaria signed a Memorandum of Understanding. The two parties will negotiate for Overgas to buy up to 1 billion cubic meters of regasified LNG from Excelerate every year for ten years or an affiliated entity. The two parties are anticipated to connect to the Southern Gas Corridor of Europes existing natural gas infrastructure by this MOU. Read More..

B2B Tech News | 2 years ago        

A leading economist has imposed a new tax in Australia

The US economist has called for the change during a meeting with the Australian Governments Treasurer Jim Chalmers. The call came when Reserve Bank of

The US economist has called for the change during a meeting with the Australian Governments Treasurer Jim Chalmers. The call came when Reserve Bank of Australia Governor Glenn Chalmers urged Australians to prepare for controversial news when the country’s financial situation will be released next week. Soaring interest rates on record levels of government debt are expected to burn a $13 billion hole in the governments budget. Mr. Chalmers says the government has inherited the toughest economic circumstances in living memory. Sir. Stiglitz warned that if the Reserve Bank of Australia RBA continues to hike interest rates at such a fast pace then there will almost surely be an economic downturn. Read More..

B2B Tech News | 2 years ago        

WEG of Brazil announces joint venture with Cevital of Algeria

WEG announced on Monday 18 that it had signed mandatory documents with the Cevital Group of Algeria for the production and sale of electric mo

WEG announced on Monday 18 that it had signed mandatory documents with the Cevital Group of Algeria for the production and sale of electric motors for washing machines. This joint venture will initially focus on the North African market, including Algeria. Production is expected to begin in the last quarter of 2022. WEG has industrial operations in 12 countries and a commercial presence in 135 countries, with net sales of BRL 23.5 billion last year. Algeria Group was founded in 1971 and operates through subsidiaries in agriculture, retail, services, and industry. Read More..

B2B Tech News | 2 years ago        

Canada’s Suncor gas station is open for sale following an agreement with an activist investor

Three new independent directors have been added to Suncor Energys board, and the company is considering selling its retail gas station operation. Thes

Three new independent directors have been added to Suncor Energys board, and the company is considering selling its retail gas station operation. These actions come in response to activist investor Elliott Investment Managements pressure. Suncor owns PetroCanada, a chain of 1,800 retail and wholesale gas stations spread across Canada. According to a source, activist investor Elliott has largely succeeded in its goals. Suncors retail division may be up for sale, and potential buyers include CoucheTard and 7Eleven. According to analysts, the retail unit may be worth between C$5 billion $3.86 billion and C$8 billion. Read More..

B2B Tech News | 2 years ago        

Germanys largest gas importer has exceeded its credit limit

Uniper, one of Germanys largest energy suppliers, has benefited from the German stateowned banks € 2 billion credit line. The company has been losin

Uniper, one of Germanys largest energy suppliers, has benefited from the German stateowned banks € 2 billion credit line. The company has been losing tens of millions of euros every day since Russia stopped supplying gas to Germany last month. Nord Stream 1, which connects Germany and Russia, is closed for annual maintenance. The Russian state gas giant Uniper, based in Düsseldorf, acted as an intermediary between Gazprom and its German factories and municipalities and had to compensate for the shortage of fuel in Russia by providing alternative fuels at much higher prices. Repairs to the Nord Stream 1 line are scheduled for Thursday, although experts have already done so. Read More..

B2B Tech News | 2 years ago        

N2Growth is expanding its operations in Asia and opening a representative office in South Korea

N2Growth opens a location in South Korea as part of its expansion into Asia. A financial services executive is appointed by the company to lead the Se

N2Growth opens a location in South Korea as part of its expansion into Asia. A financial services executive is appointed by the company to lead the Seoul office as a managing partner. Gene W. Oh is the companys managing partner and country head and reports directly to Kelli Vukelic, the CEO. The establishment of a new office in Seoul broadens N2Growths geographic reach and talent pool in Asia. The company established a location in Singapore in 2021 with the goal of serving customers in Southeast Asia. Gene Oh is the American Chamber of Commerce Koreas executive director AMCHAM. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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