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2 months ago Group revenue up by 22% year-on-year to US$17.2 billion Quarterly pre-tax income (PTI) of US$591 million up 52% year-on-year Net income up 53% year-on-year to US$395 million All core businesses delivered both topline and bottom-line year-on-year growth Announces Group organizational changes to drive services-led growth strategy and transformation HONG KONG–(BUSINESS WIRE)–$lenovo#earnings— Lenovo Group (HKSE: 992) (PINK SHEETS: LNVGY) today announced record Group revenue in the third quarter of US$17.2 billion, up 22% year-on-year. This was t...

The Central Bank of Nigeria (CBN) has approved a new license categorization system for the Nigerian Payment System. The apex bank made this known in a press release published on its website and dated 9th December 2020. According to the CBN, the license categorization is meant to help promote a strong and credible payment system and offers “clarity for new and existing market participants, given the significant evolution and innovation in the Nigerian payments system.” The central bank appears to be updating its regulations amidst the new wave of FinTechs in the country offering varying b...

Punch Newspapers Sections Nike Popoola The Central Bank of Nigeria has set a minimum capital base for Payment Service Banks and other finance institutions. The CBN disclosed this in a circular released on Thursday titled ‘New licence categorisations for the Nigerian payment system’ and signed by the Director, Payments System Management Department, Musa Jimoh. Mobile money operations with operational licence for e-money issuing, wallet creation and management, and pool account were required to have N2bn minimum capital. Also, switching and processing companies with operational licence for ...