Global fintech lending on 25% growth to hit $335bn by 2021

Global fintech lending on 25% growth to hit $335bn by 2021

Lending by fintech to grow 9.1% SMEs’ search for fund driving momentum ___________________________________ Although traditional banks and credit suppliers still hold the largest market share for consumer and business loans, recent years have witnessed considerable demand for fintech lending. With millions of SMEs searching for necessary financial backing to support their businesses amid the COVID-19 pandemic, 2020 witnessed a new rise in the number of these alternative loans. According to data presented by BuyShares.co.uk, the entire fintech lending industry is expected to grow 9.15 per cent year-over-year to $291.5 billion…

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5G to add $8trn to global GDP by 2030

5G to add $8trn to global GDP by 2030

5G-enabled industries have the potential to deliver $8 trillion in value to the global economy by 2030, a new research from Nokia and Nokia Bell Labs has projected. The 5G Business Readiness Report surveys 5G adoption among businesses around the world, providing a cross-sector view of the path to full 5G deployment. This landmark report from Nokia underlines the potential for 5G to drive sustainable economic growth and define the next decade of innovation. The COVID-19 pandemic is forecast to further increase the value creation potential of 5G in the medium and…

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Experts to dissect COVID-19 impacts on oil & gas sector

Experts to dissect COVID-19 impacts on oil & gas sector

The Nigerian Stock Exchange (NSE) will host an Oil and Gas sector webinar on Tuesday, 20 October 2020.   With the theme, Perspectives of Operators and Industry Experts Post-COVID-19, the webinar will bring together key players across the entire oil and gas value chain to discuss the impact of the COVID-19 pandemic on the sector as well as its reactions to global trends, government policies, funding dynamics, key challenges and potential shifts. According to a press statement for the management of the bourse on Wednesday, interested participants can register to attend at  http://bit.ly/nse-oilandgas-webinar. The statement…

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Pay-As-You-Go not achievable in Nigeria, MultiChoice insists

Pay-As-You-Go not achievable in Nigeria, MultiChoice insists

The management of MultiChoice Nigeria, operators of DSTV satellite television and GOtv, a digital terrestrial television service, has reiterated its stance that the PAY-AS-YOU-GO (PAYG) services Nigerian subscribers are demanding for is technically and commercially not practicable. John Ugbe, chief executive officer of MultiChoice Nigeria, made the disclosure when he faced the House of Representatives Ad Hoc Committee investigating the non-implementation of the PAYG subscription model by satellite TV operators. Ugbe explained that the company does not possess the technology to activate  the PAYG billing model as demanded by discontent customers…

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Cybersecurity Assessment and the Zero Trust Model

By Ed Moyle ___________ Over the past few years, the concept of “zero trust” architecture has gone through a number of evolutionary phases. It’s gone from being the hot new fad, to being trite (in large part due to a deluge of marketing from those looking to cash in on the trend), to passé, and now has ultimately settled into what it probably should have always been all along: a solid, workmanlike security option with discrete, observable advantages and disadvantages that can be folded into our organization’s security approach. Zero…

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IMF downgrades Nigeria’s economic outlook, projects 4.3% contraction in 2020

Ceda Ogada from Kenya named IMF Secretary

The International Monetary Fund (IMF) has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this in its World Economic Outlook report for October 2020 which was released on Tuesday. The IMF had earlier in April predicted a 3.4 per cent contraction of the economy. It also predicted 5.4 per cent contraction in June. It however projected that the economy would recover by 1.7 per cent in 2021. According to the report, global growth was projected to contract by 4.4 per cent in 2020, a…

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Marginal Rebound On NGSE, As Investors Keep Eyes On Q3 Earnings, Data

Market Update for October 13 By Investdata Analysts Tuesday’s was a very volatile and mixed session on the Nigerian Stock Exchange (NSE), as buying interest in medium cap and growth stocks resurfaced to halt the profit taking that had been in motion for four trading sessions. The composite index closed marginally higher, resisting further decline on an above-average traded volume and improved demand for equities in expectation of more Q3 earnings reports. The expected numbers are very important to every investors and analysts because company performance at this time will…

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