Payment

What is Solana (SOL) Pay, and how does it work?

PayPal was a massive innovation in the payments processing industry. The financial brainchild of Peter Thiel, Max Levchin and eventually, Elon Musk aimed far ahead of its time, facilitating instant payments between customers, businesses and more while utilizing the internet. Solana (SOL) Pay is considered by many to be the next innovation in the payments processing arena, facilitating payments while taking nonfungible tokens (NFTs) and Web3 into account. Some are going so far as to call Solana’s new payment protocol the Visa or PayPal of Web3. This post will break down Solana Pay and how it works so you can decide whether the project is all it’s cracked up to be. But first, it’s vital to understand Solana before getting into the digital payment platform Solana Pay. Related: What is Web3: A...

Cash Payments Platform Enters 12 New African Markets

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.

Anxiety in Bayelsa as four local councils cannot pay salaries

Trouble is looming in four local government areas in Bayelsa State over the inability of the council to pay the salaries of its workers. The affected local government areas – Ogbia, Nembe, Sagbama and Ekeremor – are said to be owning three months salaries. The other four local government areas namely Kolokuma/Opokuma, Yenagoa, Southern Ijaw and Brass are said to be struggling but have a financial edge due to the internally generated revenue. Bloated wage bills in the troubled local government councils and the various debts they are servicing have eaten up their finances such that they cannot meet the financial obligations to their workers. The state government had recently taken over the payment of teachers salaries in the Ogbia Local Government Area to prevent industrial action by the tea...

Bayelsa government resolves crisis at Niger Delta University

The mediatory meeting covered Wednesday at the instance of the Bayelsa State Government between the Governing Council of the Niger Delta University, NDU, students’ representatives and other stakeholders has restored normalcy to the state-owned university. Students of the university had been protesting against the closure of the institution’s portal for payment of school fees and alleged enforcement of compulsory wearing of school uniform by the university authorities. But rising from the last round of meetings directed by Governor Douye Diri which were presided over by his deputy, Senator Lawrence Ewhrudjakpo, at the Government House, Yenagoa, it was agreed that the portal for the payment of school fees be reopened. A statement issued by the Senior Special Assistant on Media, Mr Doubara At...

#EndSARS: Ogun panel recommends payment of over N218 million to victims

Ogun Governor, Prince Dapo Abiodun, has assured that he will implement the report of the State’s Judicial Panel of Investigation on Police Brutality and Extra Judicial Killings. The Governor who gave the assurance while receiving the report said its implementation was necessary towards having a peaceful society and engendering of a more robust relationship between the people and security agencies. Governor Abiodun who spoke on Friday appreciated the Panel members for their selfless efforts and contributions towards the successful completion of the task. “I believe that the implementation of this report will end the gory experience often encountered by residents of the State”, the Governor assured. The State’s helmsman added that it is important for all of us as a people and security agenci...

NSITF raises N180 billion from employers’ enrollment in 10 years

The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Dr. Michael Akabogu, has revealed that the agency has raised N180 billion from employers’ enrollment from July 2011-May 30, 2021. He also said that plans were afoot to plug revenue leakages, even as he warned the public to be wary of fraudsters masquerading as agents of NSITF. At an interactive session with Finance Journalists in Abuja on Thursday, Akabogu also stated that the scheme has registered almost 200,000 employers. Out of this number, 170,000 employers are actively involved in the scheme by making their contributions steadfastly. He added: “We have collected both from the private sector who have contributed about 80% of the total revenue and we have collected from the government and all other agencies, so we...

FRSC to auction unclaimed vehicles in Akwa Ibom

The Federal Road Safety Corps (FRSC), Akwa Ibom Command, on Wednesday said that it would auction all unclaimed vehicles in its custody. In a statement issued by Mr Paul James, the command’s Public Enlightenment / Public Relations Officer said that all vehicles impounded within the last six months and unclaimed would soon be auctioned. James said the corps reserved the right to invoke relevant sections of the law to auction any impounded vehicles not claimed after six months. He said traffic offenders offered with offence sheets and their documents confiscated and vehicles impounded should claim their vehicles or be auctioned. “Consequently, traffic offenders who are issued with notice of offence sheet, either have their documents confiscated or vehicles impounded to secure payment of their...

Appeal court affirms sentence of Gombe ex-commissioner

The Court of Appeal, Gombe Division, has affirmed the conviction of a former Commissioner for Culture and Tourism and Chairman of Shangon Local Government Area, Samuel Bulus Adamu. The ex-commissioner had on July 23,2020 been convicted and sentenced to 32 years imprisonment over a case of fraud, cheating and money laundering brought against him by Gombe Zonal Office of the Economic and Financial Crimes Commission, EFCC. The lower court had ruled that the EFCC proved its case beyond reasonable doubt and consequently convicted and sentenced Adamu to a cumulative 31 years imprisonment on the seven count charge preferred against him. Adamu, was convicted for awarding N97.64 million contract to a non-existing company, inflation of contract and payment of contractor above his threshold. But diss...

Ogun council poll: OGSIEC cancels nomination fees for chairmanship, councillorship candidates

Ogun State Independent Electoral Commission (OGSIEC) has cancelled the nomination fee deposit for Chairmanship and Councillorship candidates in the forthcoming local government elections in the state for all political parties. OGSIEC’s Chairman, Babatunde Osibodu, made this known while fielding questions from newsmen in Abeokuta, the Ogun State capital, on Saturday. He explained that though, OGSIEC had in the guidelines released earlier, stipulated the payment of non-refundable deposit of N200,000 and N100,000 by intending candidates nominated and cleared to contest the chairmanship and councillorship elections in the LG poll, the fees have now been cancelled by the electoral body. “You will recall that we had earlier asked male Chairmanship and Councillorship candidates to make a non-refu...

  • 1
  • 2
  • 7