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Tesla Boss, Elon Musk Lose $8bn just this Week

Elon Musk

Tesla boss, Elon Musk, the second richest man on the planet lost $8bn from his net worth this week.       According to Forbes, Elon Musk is currently worth $162.4 billion and is still the richest man. Musk’s net worth is highly intertwined with his shares in his Tesla company. ...

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FIRSTBANK CEO LISTS TECHNOLOGY, CAPACITY AS KEY FOR POST COVID-19 GROWTH By Bolaji Israel

Dr. Adesola Adeduntan

…Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised ...

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Flutterwave Value Rise Above $1billion after $170million Funding

Flutterwave

African fintech company Flutterwave announced that it has raised $170 million in Series C funding, valuing the company at over $1 billion. The round was led by growth-equity firms Avenir Growth Capital and Tiger Global. New and existing investors who participated include DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, ...

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Zoom founder Eric Yuan Gives-Out $6bn Worth of his shares

Mr Eric Yuan

Zoom founder Eric Yuan has transferred about 18 million of his shares worth more than $6bn (£4.4bn), according to a regulatory filing. Mr Yuan, who is also chief executive of the video-conferencing platform, moved roughly 40% of his stake in the company last week. The shares were shown as gifts ...

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COVID-19: FIRSTBANK LAUNCHES NEXT-GENERATION ATM

Firstbank

– SPEARHEADS INNOVATION IN ELECTRONIC BANKING IN NIGERIA In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction ...

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