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Shell Petroleum Scholarship Schemes For Nigerians 2021 – Apply Before Deadline

Interested applicants should apply for the ongoing Shell Petroleum Scholarship Schemes For Nigerians 2021 – Apply Before Deadline date.

The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC Joint Venture, is delighted to announce the tenth annual NNPC/SPDC_JV Niger Delta Scholarship for applicants from Bayelsa, Delta, Imo, and Rivers states

UK Banks Face Savings Glut on Road to Pandemic Recovery

United Kingdom banks face savings glut on road to covid-19 pandemic recovery. UK Banks
Britain’s big four banks amassed more than 200 billion pounds ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses and households.

Fully-funded British Council Scholarships for Women in STEM at Teesside University, UK – Apply Here

In partnership with the British Council, Teesside University is pleased to announce seven fully-funded scholarships to high achieving candidates for the academic year 2021/2022.

These funding opportunities are designed for talented women from Afghanistan, Bangladesh, India, Nepal, Pakistan and Sri Lanka, beginning a master’s degree programme at Teesside University.

Blackstone CEO Schwarzman took home $610.5 million in 2020

Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed.
The majority of the windfall stemmed from Schwarzman’s 19.3% stake in Blackstone. Its distributable earnings jumped 16% year-over-year in 2020 as the world’s largest manager of alternative assets such as real estate and private equity capitalized on the capital market’s rally following the Federal Reserve’s moves to support the U.S. economy during the pandemic.

Shares in Brazilian banks fall on media report of tax hike

Shares in Brazilian banks were down in late afternoon trading on Monday as media reported the government will raise taxes on banks as a way to compensate for tax exemptions for fuel.

According to O Globo newspaper, the government will raise one of the taxes paid by banks, a contribution over net income, from 20% to 23%. The government is also planning to end some tax exemptions for vehicles and petrochemical products, the newspaper said.

Goldman Sachs restarts cryptocurrency desk amid bitcoin boom

Goldman Sachs Group Inc has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with the matter said.

The team will sit within the U.S. bank’s Global Markets division, the person said.

Bitcoin at ‘Tipping Point,’ Citi says as Price Surges

Worlds leading cryptocurrency, Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade.

With the recent embrace of the likes of Tesla Inc and Mastercard Inc, bitcoin could be at the start of a “massive transformation” into the mainstream, the investment bank said.

Mortgage Lenders’ Assets Rise by N56bn in 10 months

The assets of mortgage banks in Nigeria rose by N 56 bn from N 315. 48 bn as of the end of November 2019 to N 371. 66 bn as of the end of September 2020 .
Figures obtained from the Central Bank of Nigeria on its report on ‘ Primary mortgage banks ’ accounts and assets showed that the lenders ’ assets had continued to record moderate growth over the year .

AI-Driven Insurance Distribution Platform Wins $11 Million Financing Round

A startup centered around an AI-driven platform for insurance distribution secured $11 million in Series A financing.

Zelros plans to use the money, in part to propel its North American expansion, with a new regional headquarters set to launch in Montreal. Zelros is based in Paris, with additional offices in Munich and Milan, according to its website. Operations will also be expanded across Europe, the company said.