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Home Blog Page 1473

Young People, Have A Positive Attitude To Win The Future

By
Ndubuisi Ekekwe
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0

If you dislike your teacher, you will likely struggle in that class. If you hate your school, you will not have the energy to give your best right there. And if you hate what you do, you will remain unsettled, and will not offer the best doing it. And if you hate your country, most times, your mind will not be open to see the “good” in it.

Young People in Nigeria, the message is to overcome despair with optimism, and in that construct see why the billionaires are getting richer, and startups minting $millionaires, despite all the challenges: “Jim Ovia, the chairman and founder of Zenith Bank, and Tony Elumelu, the Chairman of UBA, are set to receive a staggering N25.4 billion and N12.71 billion dividend payout respectively for the 2024 financial year, an outcome of their banks’ record-breaking performance.”

The Zenith payout, scheduled for April 15, 2025, follows a year in which the bank delivered an exceptional profit after tax of N1.03 trillion, a significant 52.5% increase from the N676.9 billion reported in the previous year.

The financial statements for the year ended December 31, 2024, reveal that the Board of Directors has proposed a final dividend of N4.00 per share. This, when combined with the N1.00 interim dividend per share paid earlier in the year, brings the total dividend payout to N5.00 per share.

For Ovia, whose direct shareholding stands at 3,552,949,395 shares and indirect holding at 1,529,851,344 shares, the total shareholding of 5,082,800,739 shares translates to a windfall of N25,414,003,695.

Tomorrow is a promise and you can win it. Live positively! The sounds of crickets will come through. The happy birds will break. And the future will turn out GREAT provided you can focus on doing PRODUCTIVE things, one step at a time.

People will tell you that you have no connections. Those things do not matter: excellence will connect you to any level.  You just need to work hard to make people know what you do well. Over time, opportunities will break. The day they asked me to come to Harvard Business Review because of an article I wrote, I could not believe it. I did not know that someone in the finest business temple was reading me. It was the same connecting into Elumelu, Bill Gates, etc worlds; people just discover you! Think positive. Be positive. Put in more effort. You will win the FUTURE.

I have put some things you can do to improve your webinality (web + personality). Do them and keep improving with sheer optimism.

GT Bank Fintech Subsidiary HabariPay Records N3.8 Billion Profit After Tax in 2024

By
Ojukwu Emmanuel
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0

HabariPay, a digital payments platform owned by Guaranty Trust Holding Company (GTCO), recorded remarkable financial performance in 2024, amid strategic fintech expansion.

According to the 2024 financial report, HabariPay’s gross revenue increased by 23% to N5.8 billion in 2024 from N4.7 billion recorded in 2023, underpinned by significant growth on all key income lines.

Announcing the report, the company stated,

“Habari specializes in secure payment gateways that allow businesses to effortlessly make and receive payments, benefiting from an increasingly digital trend. By prioritizing the empowerment of businesses with essential tools for success in the digital age, Habari goes beyond merely enabling transactions, it actively contributes to economic growth and inclusivity across various sectors”.

A significant contributor to the fintech’s record profit was the substantial increase in the Total Payment Value (TPV) of Naira transactions processed. The TOV surged by over 170%, reaching N9.8 trillion in H1 2024, up from N3.6 trillion recorded for the entire year of 2023. Additionally, the TPV for Dollar transactions experienced growth m, standing at $1.2 million compared to $1.1 million in the corresponding period of the previous year.

HabariPay’s flagship platform, Squad, has been instrumental in this growth. Squad integrates payment processing and marketplace services tailored for small businesses, facilitating seamless transactions through various channels, including virtual accounts, USSD, cards, and bank transfers. The platform also offers value-added services such as bill payments and bulk SMS distribution, contributing to the company’s diversified income streams.

Launched in 2018, by GT Bank as part of its strategic push into the fintech space, HabariPay is emerging as a transformative player in the Nigerian financial technology arena, amid the increasing competition. Since its launch, the market response to the platform has been positive, as it continues to witness a steady adoption by businesses of different scales.

Recall that the fintech which started operation in June 2022, became profitable in the first month. GTco noted that it recorded N926 million in the first 6 months of its operations, while its revenue for the period stood at N1.52 billion. In 2023, Habari achieved a milestone of crossing N200 billion transactions in 2023.

For the full year 2023, it recorded N2.3 billion profit before tax, which was revealed by the company in its full-year 2023 financial presentation to investors. The fintech profit represents 147.9% growth when compared with N944.7 million it recorded in 2022. In addition, HabariPay’s international payment transactions value also jumped from $175,927 in 2022 to $2.3 billion in 2023.

HabariPay’s core business operations include a payment gateway – payments are processed via virtual accounts, USSD, card, and bank transfer channels. It also engages in switching verticals, value-added verticals – bill payments for airtime vending, and distribution of bulk SMS processed through Value Added Service Aggregators licensed by the Nigerian Communications Commission (NCC).

In line with its commitment to fostering technological advancement and nurturing young talent, HabariPay organizes the “Take on Squad Hackathon.” This annual event invites young innovators from universities and tertiary institutions across Africa to develop creative solutions addressing real-world challenges. The hackathon not only showcases emerging tech talent but also reinforces HabariPay’s dedication to empowering the next generation of tech leaders in Africa.

By leveraging GTCO’s extensive network and banking expertise, HabariPay aims to promote financial inclusion, drive digital payments, and support businesses throughout Africa. Its initiatives and products position it as a formidable competitor to existing fintech companies, contributing significantly to the evolving digital economy in the region.

eTranzact Reports 53.2% Surge in Pre-Tax Profit Despite Revenue Decline in 2024

By
Ojukwu Emmanuel
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0

eTranzact, Nigeria’s leading payment and switching company, has released its financial report for the year ended December 31, 2024, showcasing a pre-tax profit of N4.8 billion, marking a 54.2% increase from N3.1 billion in 2023, despite an overall decline in revenue.

The company’s revenue for the full year dropped from N33.9 billion in 2023 to N29.8 billion in 2024, primarily due to a decline in mobile airtime sales. Cost of sales also saw a significant reduction, falling from N25.5 billion to N18.5 billion which helped boost gross profit. However, retained earnings improved to N2.8 billion a recovery from a negative N496.6 million in 2023.

eTranzact disclosed a final dividend of 12.5 kobo per 50 kobo share, subject to applicable withholding tax and regulations. This means that shareholders who registered as of July 7, 2025, will be eligible for the payout.

Below is an overview of eTranzact’s financial highlight for the year 2024

Revenue: N29.8 billion (-11.82% YoY)

Cost of Sales: N18.5 billion (-27.55% YoY)

Gross Profit: N11.3 billion (+36.52% YoY)

Selling & Marketing Costs: N424 million (+58.06% YoY)

Administrative Expenses: N6.3 billion (+29.06% YoY)

Operating Profit: N4.6 billion (+48.83% YoY)

Interest Income: N242.9 million (+158.26% YoY)

Other Income: N10.9 million (+31.40% YoY)

Pre-Tax Profit: N4.8 billion (+53.20% YoY)

Earnings Per Share: N0.37 (+54.17% YoY)

Total Assets: N24 billion (-14.91% YoY)

Retained Earnings: N2.8 billion (-683.24% YoY)

Despite the revenue drop, gross profit climbed to N11.3 billion (+36.52%), benefiting from reduced costs. However, selling and marketing expenses surged 58.06% to N424 million, driven by branding and promotional activities. Administrative expenses also rose by 29.06%, reaching N6.3 billion, due to higher employee and operating costs.

Total assets declined to N24 billion from N28.2 billion, largely due to a reduction in current assets from N26 billion to N20.8 billion, mainly impacted by lower cash and short-term deposits. On the other hand, non-current assets grew from N2.1 billion to N3.1 billion, driven by investments in property, plant, and equipment, which accounted for N2.5 billion.

eTranzact demonstrated strong profitability in 2024 despite revenue challenges, primarily benefiting from cost reductions and higher interest income. The significant turnaround in retained earnings and equity growth underscores the company’s financial recovery, positioning it well for future growth.

Founded in 2003, eTranzact is Nigeria’s premier payment processing platform and Africa’s leading provider of banking and payment services. The platform makes payments easy for businesses. Through its B2B solution, it meets the electronic payment needs of corporate institutions or businesses.

eTranzact has today evolved into a brand with global reach, extending its innovative services to include products that cut across virtually all aspects of the e-payment space; ATM, Internet, POS, and Mobile. In 2024, the payment processing platform emerged as Africa’s Most Innovative Payment Services Company of the Year 2024 at the African Brands Innovators Forum.

Notably, in the same year, it announced plans to expand in the fintech sector, as its transaction volume rose by 40 percent increase to N79tn in 2023. The Chief Executive Officer of eTranzact, Niyi Toluwalope, at a recent “Facts Behind Figures” webinar in the Nigerian Stock Exchange, disclosed that the substantial rise in transaction volume underscored its role in facilitating digital payments and financial transactions across various sectors of the economy. He emphasized the company’s consistency in transaction processing, boasting a 99.5 percent success rate and a maximum processing speed of 1.2 seconds per transaction.

eTranzact’s mission is to enable transaction freedom, leveraging innovative technology and exceptional people. Its vision is to be the preferred integrated financial technology platform for merchants and consumers.

New Research Backs Altcoin Stars Cardano (ADA) and Rexas Finance (RXS) To Skyrocket 12x as Crypto Bulls Signal Return

By
TI Partners
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0

With experts projecting significant gains for top altcoins, the cryptocurrency market is moving into a fresh positive phase. Research suggests both assets could see 12x gains as the next crypto bull run develops. Cardano (ADA) and Rexas Finance (RXS) are leading the charge among the outstanding projects ready for a breakthrough. Rexas Finance is transforming real-world asset tokenization, while Cardano keeps confirming its leadership as a top blockchain for decentralized applications and smart contracts. These two projects show some of the most attractive investment prospects in the present market cycle.

Rexas Finance (RXS): The Asset Tokenizing Hidden Gem

Although Cardano is a known behemoth in the cryptocurrency market, Rexas Finance (RXS) is becoming one of the most intriguing fresh investment prospects. RXS is positioned for an exponential increase with a current presale price of just $0.20 and a launch price of $0.25. Early investors could get 12x returns from RXS, which analysts predict could reach $2.40 to $3.00 soon and spike to $16 in 2025. Leading innovators in the tokenization of real-world assets (RWA), Rexas Finance lets users use blockchain technology to buy, sell, and invest in physical objects, including real estate, gold, art, and intellectual property. By allowing fractional ownership, Rexas Finance is removing obstacles to investment, opening wealthy asset classes for retail investors worldwide. Over $47 million has been raised, proving excellent investor confidence in the project since the presale already shows 91.38% completion.

CertiK Audit: Guaranteeing Trust and Security

One of the most respectable blockchain security companies, CertiK, has thoroughly audited Rexas Finance since security is a top issue in the crypto space. The audit guarantees 100% security for the platform’s smart contracts, boosting investor confidence and long-term stability. A CertiK audit gives additional credibility because blockchain exploits and hacks are shared. This distinguishes Rexas from many projects lacking appropriate security policies.

Expanding Ecosystems of Rexas Finance:

A DeFi Powerhouse

Unlike speculative meme coins, Rexas Finance creates a wholly developed ecosystem across several blockchain sectors. Its broad spectrum of utility guarantees robust long-term acceptance, distinguishing it as a fundamental tool in the crypto scene. Through its no-code Token Builder tool, Rexas Token Builder Rexas Finance lets users effortlessly tokenize their actual assets. This function simplifies blockchain development so companies and individuals can quickly release their tokens.

Launchpad for Rexas

The Rexas Launchpad offers a safe, open space for fresh blockchain initiatives seeking funding. This dispersed launchpad enables several blockchain networks, enabling companies to realize their ideas.

Treasury DeFi and Rexas

By providing a vigorous decentralized exchange (DEX) and yield-optimizing Treasury, Rexas Finance is growing its presence in decentralized finance (DeFi). Users can stake their tokens, trade crypto assets across several networks, and profit passively from their ownership.

Rexas Estate: Real Estate Investment Democratizing

Rexas Finance’s capacity to tokenize real estate—let investors co-own assets and generate stablecoin passive income—is among its most groundbreaking features. This function reduces entrance criteria and creates fresh opportunities for international real estate investing.

Rexas Finance’s $1 million gift to early supporters

Rexas Finance is hosting a $1 million contest to honor its explosive climb, whereby 20 lucky winners will get $50,000 each in RXS tokens. Completing particular chores and referring friends helps participants raise their odds of winning. This gift has dramatically increased community involvement, enabling Rexas Finance to be quickly accepted before the formal release.

Cardano (ADA): Positioned for a Major Breakout

One of the most well-known blockchain systems, Cardano has regularly been a first choice for long-term investors. Having a market capitalization of more than $25.9 billion, ADA is still a powerhouse in the cryptocurrency field. ADA, trading at $0.7359 right now, has recovered strongly from past lows, suggesting fresh interest from institutional and retail investors. Cardano is positioned to fly past all-time highs with its creative proof-of-stake consensus, scalable solutions, and rising acceptance in DeFi and NFTs. According to experts, ADA could reach $8–$10 per token if crypto enthusiasts pick up full momentum, marking an over 12x rise from its present price.

Conclusion

Cardano (ADA) and Rexas Finance (RXS) are two top altcoins to watch as crypto bulls indicate a comeback. While ADA is a proven blockchain powerhouse, RXS is a quickly growing DeFi and asset tokenization leader with the potential to provide 80x returns for early adopters. At $0.20 per RXS, investors still have a rare opportunity to enter before the price skyrockets. As the crypto market heats up, individuals that position themselves now could reap tremendous returns in the coming years. For investors seeking high-growth altcoins, ADA and RXS are the top picks for 2024 and beyond.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Top Crypto to Buy Now in 2025: AI Algorithm Picks Between Solana (SOL), Ripple (XRP) and Rexas Finance (RXS)

By
TI Partners
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0

The 2025 cryptocurrency market is gaining momentum as Solana, Ripple, and Rexas Finance emerge as the primary contenders for high-growth investments. Although Ripple still rules in cross-border payments and Solana is renowned for its lightning-fast blockchain, AI-driven research refers to Rexas Finance (RXS) as the finest investment possibility of the year. RXS is the must-buy cryptocurrency for 2025 because of its fast price increase, real-world asset (RWA) tokenization strategy, and excellent community involvement; it is ready to show exponential gains.

Rexas Finance (RXS) Leads with RWA Tokenization

By emphasizing real-world asset tokenization—a growing industry in 2025—Rexas Finance is changing cryptocurrencies. Rexas Finance crosses traditional finance with blockchain, unlike Solana, which is essentially a blockchain for decentralized apps, or Ripple, which focuses on financial solutions. Tokenizing real estate, commodities, and other precious assets lets regular investors access trillion-dollar markets once controlled by institutions. With a platform that allows investors to have fractional ownership of physical properties, Rexas Finance is leading the way. The global market for tokenized real estate is predicted to surpass $1.5 trillion by 2028. This invention distinguishes it from rivals and qualifies it as the most revolutionary cryptocurrency expected for 2025.

The numbers clearly illustrate the story. Originally priced at $0.03, Rexas Finance has surged to $0.20, a 566% increase before reaching significant markets. Already bringing in more than $47.4 million, the project supports great investor confidence. Driven by artificial intelligence, market forecasts indicate that Rexas Finance might soar to $35 by the end of 2025, a remarkable 17,400% increase from its present price. Although Solana and Ripple are excellent in their respective fields, they lack the same exponential upside, an outstanding degree of growth that exceeds both.  Reflecting a more modest development path, Solana (SOL) traded for $197 in late 2024 and analysts project a climb to $300–$714 by Q4 2025. Likewise, Ripple (XRP) varied between $1.61 and $2.98; bullish estimates of a peak of $5–$8.30 by year-end make it a substantial but less explosive investment. Although SOL and XRP are still appealing options for those looking for consistent increases, they do not approach RXS’s great-reward potential.

RXS’s innovative real-world asset (RWA) tokenizing approach puts it in a position to benefit from a trillion-dollar market, unlike its competitors. For investors hoping for the highest returns in 2025, RXS is the best alternative because of its low entrance price, fast-increasing adoption, and AI-backed projections of unheard-of gains. Lists on CoinMarketCap and CoinGecko also increase legitimacy and visibility, establishing RXS among the top developing cryptocurrencies. Attracting over 1.7 million entries, the $1 million RXS giveaway honors 20 lucky winners with $50,000 worth of RXS tokens each, giving early adopters a significant stake before the network opens. This project increases community involvement and emphasizes the rising faith in Rexas Finance’s long-term plan. The degree of community involvement varies greatly. Solana has a solid developer base, and Ripple stays institutional-oriented. Rexas Finance has created a grassroots movement that guarantees natural adoption and explosive expansion.

Limitations of Solana and Ripple in 2025

Though they still are formidable players, Solana and Ripple have restrictions that keep them from providing the same explosive upside as Rexas Finance. Despite its remarkable scalability and rapid transaction rates, Solana (SOL) keeps having network disruptions, raising questions about its long-term dependability. Although SOL’s technology is still a significant benefit, its vast $67.76 billion market capitalization limits its potential for exponential expansion; hence, it is challenging for SOL to provide 10x or 20x gains shortly.

Although expansion is a well-used cross-border payment network, continuous regulatory difficulties prevent its adoption and price momentum. Furthermore, XRP is less flexible than RXS, which is fast entering high-growth industries such as real estate and commodities tokenization, so it is presented as a more dynamic and profitable investment in 2025. Though they are relatively steady investments, both assets lack the innovative idea and significant upside that Rexas Finance offers.

Conclusion

Rexas Finance (RXS) is the obvious choice for those looking for the most significant possible profits in 2025. Set apart from Solana and Ripple by its unique RWA tokenizing technique, explosive 566% presale growth, and anticipated 17,400% jump before its imminent breakthrough, Rexas Finance offers a once-in-a-lifetime purchasing value at just $0.20. Rexas Finance is a coin worth monitoring and investing in now, as the cryptocurrency market is poised for another significant surge.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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