In the last couple of years, the popularity of Bitcoin and other Cryptocurrencies has increased considerably, given the large trading volume, capital invested, public interest, and of course supply and demand laws.
Cryptocurrency die-hards, however, face a dilemma; understandably, true believers never want to cash out, but what’s the benefit of amassing all these wealth on the blockchain if you can’t actually put it to use in the real world? – You may ask yourself. So chances are that you are at one point or the other, considering the idea of either purchasing goods or withdrawing some of the coins that you might have in exchange for some more liquid forms. This is often where new users run into trouble, as Crypto traders are often unsure as to go about this as there are not many companies that have set themselves as a global bridge between fiat and cryptocurrency liquidity.
Transferring bitcoin into your bank account in Nigeria, however, remains a problem for so many people. A successful transfer of bitcoin from your blockchain wallet directly into your bank account in Nigeria can only be done through an exchanger like instant gold, naira4dollar etc., unfortunately, due to slow processing time, daily limits, relatively high fees, and poor exchange rate, these platforms have not been exactly encouraging.
B4uGlobal is the current solution for those who want to transfer their bitcoins directly into their bank accounts in a seamless and effective way. This web-based platform bitload4u accessed through www.bitload4u.com, is built to leverage on global reach, speed and cheaper transactional fees of Bitcoin and other cryptocurrencies. Asides Bitcoin Purchase, the platform receives bitcoin and converts it to a user’s traditional currency of choice e.g. Naira, USD, EURO etc within minutes and direct same as Transfer or payments into most IBAN bank accounts within the swift network globally, MASTERCARD, VISA or Chinese Union pay debit or credit cards as direct card transfer.
The reality is that there are few merchant locations, or ATM’s available that accept bitcoin as tender, and usually not available when you need cash. For Bitcoin to reach mainstream acceptance, you need liquidity. That is what B4U provides – global liquidity for Bitcoin owners to access most network-branded cards and bank accounts. By combining their unique global Bitcoin processing platform, and payment card processing platform, you will be able to add value to use your card wherever it is accepted, or deposit to a bank account that you own.
Wider pay-out options
Using the B4U Global platform and virtual wallet, you can pay any personal bank or card, and even create and transfer funds to a prepaid card.
Currently B4U Global offers the following Pay-Out options for Bitcoin:
- MasterCard or Visa, Credit or Debits Cards.
- Visa-branded prepaid card for residents of the Euro-Zone.
- All IBAN financial institutions who are members of the SWIFT network.
- Automated clearing house (ACH) in the United States.
- Returning funds to an existing bitcoin wallet.
B4uGlobal is the future for simplifying and bringing down transaction costs. It is going to make the ledger side of international trade super simple and also bring down costs when it comes to issues relating to trust where two parties don’t know each other.
The B4uGlobal platform is equipped with robust KYC (Know your customer) and AML (Anti-money laundering) checks and can detect bitcoin from suspect, blacklisted or compromised blockchain wallet addresses by making use of advanced embedded Artificial intelligence. KYC is the process of a business verifying the identity of its clients and assessing the potential risks of illegal intentions for the business relationship.
This contribution is a very significant one as it will help to check and fight money laundering, terrorist financing and other threats to governance and security.
The Time advantage
From the time you transfer your Bitcoin in, funds being available to spend from your card is a 2-3 business day process. The credit and debit card companies and financial institutions control the timeline to complete and properly process your deposit.
The cost advantage
The fee is based on the value of Bitcoins sent for them to process and deposit – easy and simple as that. The value of the bitcoin is provided as well as the commission, and nothing is done until you click the “submit button”. Since the player pays most of the fees, the actual cost to the business is near zero. Low cost, combined with zero chargebacks and almost real-time authentication of the QR make B4U the perfect payments provider.
Individuals and Businesses can get started with Bitcoin purchases and payments by signing up with them at www.bitload4u.com, downloading the app on Google play store or via the Apple store, complete their KYC or KYB documentations and account is approved. Easy!
Provision for the future
In addition to our present offering, Bitload4u will Be launching its Bitcoin Automated Teller Machine Software’s in the United States in October 2018, while its Point Of sale Terminal merchant solution will follow as we already offer the accept bitcoin and pay bitcoin merchant solutions for malls, churches and businesses globally.
B4U payments expertise will be to contribute to bitcoin and other cryptocurrencies being universally accepted as a viable payment option for many individuals and corporate organizations. One thing is certain, B4U Global will be on the forefront of these virtual currencies, and provide enhanced utility and acceptance around the world – Making crypto trading even more fun and seamless activity to engage in.
Businesses who are interested in our Bitcoin pay–in and pay-out solution, Bitcoin remittances, Automated teller machine solution(ATM), Bitcoin point of sale (POS) merchant solutions, can, download the bitload4u app on google play store, istore, visit our API site… https://test.bitload4u.com/ better still send us an email [email protected] or [email protected] Whatsap or call+2347069503321
Lafarge Africa Plc. announces its board meeting and closed period for Q2 2020
The notification which was duly signed by General Counsel & Company Secretary.
Lafarge Africa Plc. notified the Nigerian Stock Exchange and the investing public that he closed period will commence on Wednesday, 8th July 2020 until the unaudited financial statement for the second quarter ended 30th June 2020, is released to the Nigerian Stock Exchange.
In a disclosure on the Nigerian Stock Exchange, it wrote: “We hereby notify the Nigerian Stock Exchange and the investing public that a meeting of the Board of Directors of Lafarge Africa Plc has been scheduled to hold on Thursday, 23rd July 2020 to consider the second quarter financial results of the Company for the quarter ended 30th June 2020.”
The notification which was duly signed by General Counsel & Company Secretary, Mrs. Adewunmi Alode explained further stating that “Accordingly, no Director, employee, persons discharging managerial responsibility and Advisers of the Company and their connected persons may directly or indirectly deal in the shares of the Company in any manner during the closed period.”
Over the past few months, it made a few board changes with the retirement of two of its Non-Executive Directors, as well as the appointment of three new Directors. It had also spun off its South African subsidiary, Lafarge South Africa Holdings (LSAH), last year.
Lafarge Africa’s Q1 2020 revenue was up 9.8% year-on-year to N63.7 billion, driven by higher Cement Sales (a figure up 11% year-on-year to N62.3 billion) which offset the weakness in Aggregate and Concrete (down 21% y/y to N1.4bn). Its EBITDA grew by 2.4% year-on-year to N19.3 billion as well. As at Tuesday the 7th of July, the share price of the company was N10.00.
AXA Mansard Insurance Plc gives notice of Annual General Meeting
The AGM will be live-streamed to enable shareholders and stakeholders participate.
Insurance firm, AXA Mansard Insurance Plc., has given notice of its board of its Annual General Meeting (AGM) scheduled for Wednesday, July 29, 2020, at 10:00 a.m.
The announcement which was disclosed by Nigerian Stock Exchange (NSE) in a corporate disclosure on July 7th, 2020 and signed by Company Secretary, Omowunmi Mabel Adewusi read, “Notice is hereby given that the twenty-eighth annual general meeting of AXA Mansard Insurance Plc. will hold at the Oriental Hotel, no. 3, Lekki Road, Victoria Island, Lagos on Wednesday, July 29, 2020, at 10:00 a.m.”
As noted, the purpose of the AGM is to transact the following business:
- To receive the Audited Financial Statements for the year ended December 31, 2019, and the Reports of the Directors, Auditors and Statutory Audit Committee thereon
- To authorise Directors to fix the remuneration of the Auditors
- To elect Directors and
- To elect members of the Statutory Audit Committee.
In order to ensure that all relevant stakeholders can be a part of the AGM, the company will also be streaming the AGM live. It noted that “This will enable shareholders and other stakeholders who will not be attending physically to follow the proceedings.”
The link for the live streaming of the Meeting will be made available on the Company’s website at www.axamansard.com.
Recall that a few months ago, in March, the company’s Board of Directors announced the appointment of John Dickson as the company’s new Non-Executive Director. A month earlier, it also disclosed its plan to sell its pension management subsidiary (AXA Mansard Pensions Ltd) and some undisclosed real estate investments.
Its unaudited financials for the period Q1 2020 reveal a growth across revenue and profit lines. Gross written premium grew by 21% from N17.4 billion earned in Q1 2019 to N21 billion in Q1 2020. Profit for the year for the group grew by a commendable 120% from N890 million in Q1 2019 to N1.9 billion in Q1 2020.
As at Tuesday, the 7th of July when markets closed, the share price of the company was N1.59. The company’s EPS stood at 0.33 while its price to book ratio stood at 0.6082.
NSITF board to investigate suspended MD and others over financial misconduct
The board of directors of the Nigerian Social Insurance Trust Fund (NSITF) has revealed that it will investigate the activities of the suspended Managing Director, 3 Executive Directors, and 8 other senior management staff over financial breaches and gross misconduct.
This was disclosed by the Chairman of the board of NSITF, Mr. Austin Enajemo-Isire, in a statement in Enugu on Sunday July 5, 2020.
Enajemo-Isire said that the Managing Director and other top management staff of the organization would have the opportunity to clear themselves of any wrongdoing with the probe panel which was being set up.
While reacting to claims that the suspension did not follow due process as President Muhammadu Buhari did not approve it, Enajemo-Isire said that the approval for the suspension of the affected staff had been conveyed to the Labour Minister in a correspondence referenced SGF. 47/511/T/99 of June 30, 2020.
According to the Chairman, “The minister has conveyed this approval and directives to me for necessary action in terms of setting up a board-driven investigative panel.
“This is to give the affected officers the opportunity to clear themselves of the financial and procurement breaches and acts of gross misconduct and other infractions that gave rise to their prima facie indictment.
“It is in this light that I have decided to call a virtual meeting of the management board on Tuesday, July 7, 2020, to consider the modalities for our action.”
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He, therefore, appealed to staffers of NSITF and their social partners to keep calm and exercise restraint.
A few days ago, Nairametrics reported the suspension of the Managing Director and some senior management staff over corruption allegations. However, the management in its reaction debunked that claim and said that the President did not approve their suspension but that rather, it was the sole decision of the Labour Minister, Chris Ngige, who they said was overreaching himself.