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How to Send Money Remittance to Nigeria via Zenith Bank

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With a large population of over 160 Million, Nigeria is regarded as the “Giant of Africa.” Ranking 20th among the world’s largest economies in 2015. Those Nigerians who are working in the US are also actively contributing to make their country’s economy grow. If you are one of them, sending money remittance to Nigeria may be one of your biggest concerns. Learn how you can use Zenith Bank International for this process.

About Zenith Bank International

Zenith Bank International is one of the top banks based in Nigeria. Tapping on their committed employees and new technology adoption, this bank which was established in 1990 has continued to dominate the banking industry in Nigeria. To prove its worth as one of the most trusted banks in Nigeria, it endeavors to provide the best banking products and services to individuals, small businesses and corporations alike.

Bank swift code: ZEIBNGLA

Sharemoney and Our Services to Nigeria

Sharemoney has always worked hard on our core commitment to deliver a stellar online money transfer experience to our customers. We have started facilitating money transfers from the United States to Nigeria and below are some of the perks you can enjoy:

  • A small transfer fee that starts at only $3.99
  • Competitive exchange rates. In fact, even better than what other online money transfer service providers can offer when it comes to converting US Dollar to the Nigerian Naira
  • More convenient ways to start your money transaction and every fund transfer thereafter. All you need is to register an account with us by filling up our online form.

Funding Your Money Transfer to Nigeria

In order to facilitate your bank deposits to Nigeria when using Sharemoney, we offer you the choice to use any of the following three funding options most convenient to your needs:

  • Bank account. You can simply key in your US bank account number if you choose to use this funding option upon registration with our website. We will verify your bank account and depending on the time of the day and the day of the week when you initiate the transfer, your loved ones will receive the amount very soon after verification.
  • Debit card. If you want to get rid of the longer verification process for funding a transaction with your bank account and that of the additional fee charged by your credit card company if you choose to use your credit card, using your debit card is highly recommended.
  • Credit card. This method of funding your transaction is the last option you have if you do not have a bank account or a debit card. Note that there will be an additional cost charged by your credit card issuer because this is deemed like a cash advance transaction.

Let your loved ones reap the fruits of your labor at a low cost and at a speedy pace by using Sharemoney for your money remittance to Zenith Bank International in Nigeria!

How To Send and Receive Money via GTBank International Money Transfer

 


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24 Hours Across Africa

Elizabeth Warren, targets prospective plan to stop ‘looting’ of U.S. companies

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U.S. Democratic presidential hopeful Elizabeth Warren on Thursday called for an overhaul of the private-equity industry as part of a new proposal targeting Wall Street.

“We need to shut down the Wall Street giveaways and rein in the financial industry so it stops sucking money out of the rest of the economy,” Warren said in a post on Medium.com announcing her proposal.

Warren and a group of Democrats also filed legislation on Thursday to implement the policy that the Massachusetts senator proposed through her campaign.

Warren, a relentless critic of the financial industry for much of her career, is one of more than two dozen candidates vying for the Democratic nomination to challenge Republican President Donald Trump in the November 2020 election.

She has distinguished herself in the crowded field by releasing reams of policy proposals.

The legislation, titled the Stop Wall Street Looting Act was filed in both the U.S. House of Representatives and Senate.

Senator Kirsten Gillibrand, who also is running for president, is a co-sponsor with Warren but no Republicans joined in sponsoring the bill.

The proposal was greeted with opposition from industry and business groups, who would undoubtedly fight efforts to enact the legislation.

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24 Hours Across Africa

EU to probe Amazon over use of merchant data

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Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants’ data, underlining the increasing regulatory scrutiny about how tech companies exploit customers’ information.

The European Commission has been seeking feedback from retailers and manufacturers since September into Amazon’s dual role as a marketplace for merchants and acting as a competitor following complaints from traders about Amazon’s practices.

The Commission said its investigation would focus on Amazon’s standard agreements with marketplace sellers and its use of data in choosing winners of the “buy box”, which allows consumers to add items from a specific retailer directly to their shopping carts.

European Competition Commissioner Margrethe Vestager, who can fine companies up to 10% of their global turnover, said the issue was crucial as more and more Europeans shop online.

“E-commerce has boosted retail competition and brought more choice and better prices. We need to ensure that large online platforms don’t eliminate these benefits through anti-competitive behavior,” she said.

Amazon said it would cooperate fully with the EU investigation. The company reached a deal with Germany’s antitrust authority on Wednesday to overhaul its terms of service for third-party merchants.

Under its terms of service for Europe here set out on its website, merchants grant Amazon “royalty-free” rights to use in a range of ways their materials, such as technology, trademarks, content and product information.

“There have been concerns around the world that competition authorities have failed to appreciate the market power that comes from ownership of data,” he said.

In Amazon’s case, he said the Commission needed to show “the standard agreements with retailers were anti-competitive in somehow allowing Amazon to use the data to manipulate market outcomes, or that Amazon had in some way abused its dominance.”

The Commission had been struggling to define the market in which Amazon operates in order to identify where the competitive harm could have been, sources said.

This would not be Amazon’s first run-in with the Commission. Two years ago, it was told to pay back taxes of about 250 million euros ($280 million) to Luxembourg because of illegal tax benefits. That same year it settled with the regulator over its distribution deals with e-book publishers in Europe.

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