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EXCLUSIVE: Nigerian tribunal orders Rand Merchant Bank to pay $400,000 tax, fines

Rand Merchant Bank Nigeria (RMBN) Ltd is liable to pay a withholding tax of N602.5m ($400,000) to the country’s tax authority, a tax appeal tribunal in Lagos has ruled. Why has Alassane Ouattara ... read more

Rand Merchant Bank (RMB)

Kgathatso Tlhakudi said the allegations of an irregular selection process and the undervaluation of SAA assets to unfairly enrich selected ‘oligarchs’ should be spotlighted This content is ... read more

BitGo Gets Approval From State Regulators to Launch Custody Service

Built on the technology behind BitGo’s wallet services, the custody will offer cold wallet support with storage in “bank-grade Class III vaults,” support for over 75 cryptocurrencies, multi-user ... read more

Fifth-largest U.S. Retail Bank To Launch Bitcoin Custody Services

Today, the fifth biggest retail bank in the nation, U.S. Bank, is expected to announce that its Bitcoin custody services are available to fund managers. Today, the fifth biggest retail bank in the ... read more

NOVA Merchant Bank Attracts $65.12m FDI in 2023

NOVA Merchant Bank, a leading merchant bank in Nigeria, has firmly established its presence in Nigeria’s banking landscape and beyond as it has achieved a remarkable 76.1% increase in Foreign ... read more

Detained Binance executive escapes custody in Nigeria, national security adviser says

ABUJA, March 25 (Reuters) - A Binance executive who had been detained in Nigeria has escaped custody, the president's adviser on national security said on Monday. Nadeem Anjarwalla, a British ... read more

Nigeria’s Biggest Bank Plans to Raise $1.8 Billion for Expansion

Access Holdings Plc, the parent company of Nigeria’s biggest bank by assets, plans to raise about $1.8 billion to expand its operations over the next four years as it targets becoming one of the ... read more

MicroVision launches $150M ATM offering

MicroVision (NASDAQ:MVIS) said Tuesday it has entered into a $150 million at-the-market equity offering sales agreement.Deutsche Bank Securities, Mizuho and Craig-Hallum Capital Group are acting ... read more

What Is Merchant Banking?

either through bank lenders or private equity firms. They do not assist with mergers or acquisitions. Often, these banks offer merchant banking as a separate branch of the company, potentially ... read more

China Merchants Bank Gains on Dividend Surprise

China Merchants Bank’s shares were higher after the Chinese lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected. The bank’s Hong Kong-listed ... read more

BofA Launches Retirement Income Portfolios

The new offering aims to help alleviate concerns for consumers ages 55 and older who, data show, increasingly worry about outliving their retirement savings, Bank of America said. The Retirement ... read more

Rand Merchant Bank

Hypertext is one of South Africa’s leading technology news and reviews sites. We publish original content daily for consumers and businesses. All original words & media by Hypertext by htxt ... read more