finance
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Famous Nigerian musician David Adeleke, professionally known as Davido, has revealed that his father’s wealth made him feel broke. Davido made this known during his latest interview in Paris. MEZIESBLOG recalls that Davido, on Thursday, appeared at Amiri’s Fall/Winter show at Paris Fashion Week 2025, held at Palais de Tokyo, alongside singer Omah Lay. Speaking…
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HM Revenue and Customs has been accused of “degrading its own services” and damaging trust in the tax system by parliament’s spending watchdog. A report from the Public Accounts Committee raised concerns about the tax agency, claiming it had worsened its telephone service “as a matter of policy” to drive users to digital channels. HMRC…
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The Bank of England (BoE) on Thursday reduced interest rates for the second time this year, setting the rate at 4.75 percent, a 0.25 percentage-point decrease from the previous 5 percent. This adjustment brings rates to their lowest level in over a year, last seen below 5 percent in June 2023. The BoE noted Labour’s…
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One day after closing a $6.6 billion investment round that solidified its place among the world’s most valuable private companies, OpenAI has now received a new $4 billion revolving credit line. As part of its competition with digital behemoths like Alphabet-owned Google (GOOGL.O), OpenAI claimed that the borrowing facility would increase its liquidity to $10 billion, enabling…
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The International Finance Corporation (IFC), a member of the World Bank Group, said Thursday that it has invested 7 million U.S. dollars in First Circle, a technology company providing smart banking solutions to SMEs in the Philippines. The IFC said the move is intended to expand digital financial services for the Philippines’ small and medium-sized…
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If you have an HSBC credit card, you may be able to earn up to £150 in cashback on groceries, fuel and transport over the next three months – but you have just a few hours to opt in. It could be a great way of getting free money on purchases you are already making…
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The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050. Belgium has proved relatively resistant to economic shocks and is facing a 1.4% GDP growth in 2025, however, it urgently needs to lower its debt, according to the Organisation for Economic Co-operation and…
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Reality star Gemma Collins has urged the nation to “pay attention” to their pensions after revealing she did not have one – until today. The 43-year-old TV personality has joined a campaign encouraging people to take stock of the funds they will have later in life. She told Sky News: “I myself haven’t got a…
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The UK’s financial watchdog is investigating a £4bn insurance market following concerns it is not providing “fair value” for customers seeking financial protection in case of serious illness or death. The Financial Conduct Authority (FCA) has announced it is launching a market study into so-called pure protection products, which are designed to help individuals and…
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A major lender has announced it will allow first-time buyers to borrow up to five-and-a-half times their income in a bid to help more people onto the property ladder. Lloyds says it has increased its max loan-to-income ratio from 4.49 as the situation is “tough right now” for first-time house hunters. It means buyers with…
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Monzo has been named the best bank in the UK for customer satisfaction, according to a major survey. More than 17,000 personal current account customers rated their bank on the quality of its services and how likely they would be to recommend to friends or family. Digital banks made up the top three, with Monzo…
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The Monetary Authority of Singapore (MAS) on Friday announced a review group to strengthen equities market development. Led by minister for transport, second minister for finance, and MAS board member Chee Hong Tat, the group involves private sector stakeholders and public sector representatives. The group will propose measures to encourage the Singapore Exchange (SGX) to…
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Ghana’s central bank on Friday announced that it would deepen its strong monetary policy stance despite the recent reductions in the inflation rate. Ernest Addison, governor of the Bank of Ghana, reiterated this resolve during a press briefing after the central bank’s latest meeting of the monetary policy committee (MPC) to assess the economy. Addison…
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The two heavyweights of the payments industry, Visa and Mastercard, have agreed to settle a lawsuit brought but ATM users who accused the defendants of anti-competitive behavior by controlling fees charged by ATM networks. According to court papers, Visa and Mastercard have agreed to pay a combined $197 million to settle the case. Chase, Wells…
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Japan’s real wages fell 2.2 percent in fiscal 2023 from the previous year, logging the sharpest drop in nine years, as inflation outpaced pay increases, the government said Thursday. The inflation-adjusted wages declined for the second straight year following a 1.8 percent decrease in fiscal 2022, marking the largest drop since fiscal 2014 when real…
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Controversial Big Brother Naija reality star Doyinsola Anuoluwapo David, simply known as Doyin, has said she is against women being full-time housewives. According to her, it is risky for married women to depend solely on their spouses. She stated this in the latest episode of her podcast, ‘Doyin’s Corner.’ “One of the riskiest things you…
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