Bingo Guide For 80 Ball Bingo

Esan Bolaji
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Bingo Guide For 80 Ball Bingo

The attraction of bingo is its simplicity and the social aspect that comes with it both at land-based bingo halls and online bingo sites. It is a game that comes with no strategy or complexities and whether you are new to the games, or a seasoned player, you can dive straight in and hope that your numbers come up – play now.

Is Bingo going to change in 2020 Brandspurng

Because of this, millions of people indulge in a game or two of bingo on a regular basis across the globe. Bingo does come in various formats and some of these are quite new and have been influenced by online bingo, where games come thick and fast.  Quick bingo games appeal to online punters and this is mostly the reason why new bingo formats are created from time to time. 

The Most Popular Bingo Formats 

Bingo is most commonly played in four different forms and these are as follows, 30-ball bingo, 75-ball bingo, 80-ball bingo and 90-ball bingo. 30-ball bingo is great if you are on a break or are playing bingo on the go and have a small gap in your schedule.

If you have more time on your hands then the other three take a little longer to complete and the prizes are often bigger too. 80-ball bingo was a rarity a few years ago but it now has gained popularity and can be found at many online bingo sites. 

80-Ball Bingo Explained 

80-ball bingo is most closely related to 75-ball bingo. However, the layout of the cards is a little different. The cards that accompany 80-ball bingo are laid out in a 4 by 4 grid and each column has a different colour. The colour scheme is not there just to make the cards more pleasing to the eye.

They are also there to help players visually differentiate between each column far more easily. 80-ball online bingo is like all other forms of online bingo where the balls are picked out by a Random Number Generator, or RNG. This is also used at some land-based bingo venues too and it is the fairest way of producing unbiased results.

If you like 80-ball bingo then you may have noticed some subtle differences in the gameplay from site to site and this is because 80-ball bingo is still a relatively new addition to the game. 

How To Win 

A full house is the ultimate aim of any bingo game and the same applies to 80-ball bingo too. To achieve a full house, you will need to match all 16 numbers on your bingo card. If you match the four numbers on all the corners of the bingo card, then you can win smaller prizes. Variations on 80-ball bingo cards are common and if you play across a number of different bingo sites, then chances are you would have seen these for yourself. 

Final Thoughts 

Even though 80-ball bingo is not as popular or as common as other forms of bingo, it is still a worthy addition to the bingo world.

PayPal Payment Volume to Triple to $2.8Tn by 2025 as Revenue Increases by 20%

Esan Bolaji
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PayPal Payment Volume to Triple to $2.8Tn by 2025 as Revenue Increases by 20%

Following an epic 2020, PayPal has been among the victims of the massive tech sell-off in February and March 2021. However, based on analysts’ forecasts and their outlook for coming years, the payment processor’s growth story is just commencing.

According to its outlook for 2021, PayPal projects a 20% range increase in its total payment volume. For a bit of context, the total payment volume processed in 2020 was close to $1 trillion ($936 billion), a 31% year-over-year (YoY) increase. It also forecast a 22% compound annual growth rate (CAGR) for earnings per share (EPS) during the year.

PayPal Cryptocurrency
A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account. | www.wordpress-1516176-5827464.cloudwaysapps.com

Wall Street’s forecast for the period is also optimistic. According to the research data analyzed and published by ComprarAcciones.com, the company’s revenue target is in the low 20% level while the EPS target is in the mid-20% level.

PayPal expects the streak of great performance to extend in the coming years. By 2025, it expects to have 750 million active accounts, close to double the 377 million it had in the final quarter of 2020.

Its revenue target for 2025 is $50 billion, more than double the 2020 figure ($21.5 billion). That would translate to a CAGR of up to 20%. Comparatively, its revenue CAGR over the past five years has been 18%.

By 2025, the company projects $2.8 trillion in total payment volume, which would be about three times the 2020 figure.

For PayPal’s peer-to-peer payment platform, Venmo, transaction processing volume soared by 56% in 2020 to $159 billion. Its revenue is expected to double from the $450 million run-rate posted at the end of 2019 to $900 million in 2021.

As the world reopens, Venmo is set to become a part of the brick-and-mortar retail ecosystem. “Pay with Venmo” will offer merchants a contactless payment option, adding to its already large user base.

Merchants Accepting PayPal QR Code Payments to Surge from 600K to Millions in 2021

PayPal stock found itself under significant pressure during the recent tech sell-off. At some point, it was down 30% from its all-time highs.

PayPal Payment Volume to Triple to $2.8 Trillion by 2025 as Revenue Increases by 20% Brandspurng

As of April 5, 2021, it was trading at $257, up by 8.38% over the past month and up by 141.50% over the past year. Prior to that, it had experienced a jaw-dropping surge, hitting a high of $309 on February 16, 2021.

Interestingly, it was not as badly hit as other stocks in March 2020 during coronavirus sell-offs. After starting the year at $108.76, it fell by 25% to a 52-week low of $82.07.

PayPal’s management attributed the company’s record performance to digitization in businesses of all sizes in the wake of the pandemic. In 2020, the company embraced contactless payments, enabling sellers to accept payments through QR codes. Overall, over 600,000 merchants accept PayPal and/or Venmo QR code payments. Management forecasts that by the end of 2021, this number will be in the millions.

It also joined the buy now, pay later (BNPL) hype allowing shoppers to split big-ticket payments over monthly instalments.

According to Insider Intelligence, transactions under its BNPL service, Pay in 4, accounted for more than $750 million in volume at the end of 2020. The service launched in September 2020 in the US and soon thereafter, in the UK. It is set to launch in Australia in June 2021.

Insider Intelligence estimates that the worldwide BNPL market will account for $680 billion in transaction volume by 2025. In view of the market’s huge traction, this is expected to be a high-growth area for the payment processing platform.

Crypto Exposure to Add Over $1 Billion to PayPal Revenue by 2022

Most significantly, PayPal announced the launch of crypto trading in October 2020. Accounts in the US already have the functionality and Venmo is expected to offer similar features in the coming months.

Later in Q1 2021, consumers can make payments in a variety of cryptocurrencies at any of the company’s 29 million merchants. PayPal also announced plans to acquire Curv in a deal valued at less than $200 million. The Israeli-based firm offers digital asset security services on the cloud and is expected to accelerate and expand PayPal’s crypto segment.

According to BTIG analysts, the new crypto exposure will have a significant impact on PayPal’s revenue in the near future. They project that the new growth initiative will result in over $1 billion in terms of incremental revenue by 2022.

Insider Dealing: United Capital Executive Director Acquires 133,803 Shares Worth ₦734,578.47

Brand Spur
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Insider Dealing: United Capital Executive Director Acquires 133,803 Shares Worth ₦734,578.47
Sunny Anene, the Group Executive Director, United Capital Plc, purchased 133,803 ordinary shares of the company.

Insider dealings give clues on insiders’ sentiment and director unlike before the new transparent policy where shareholders do not know what executives that formulates policy that impacts their desire stocks are doing.

Insider Dealing: United Capital's Group Executive Director Acquires 558,754 Units of Shares
Sunny Anene | www.wordpress-1516176-5827464.cloudwaysapps.com

In a statement released and signed by the same Leo Okafor, company secretary, Sunny Anene bought 133,803 shares at N5.49 per unit on April 6, 2021, at the Nigerian Stock Exchange in Lagos, Nigeria.

The total amount involved summed up to ₦734,578.47.

Transaction details

Insider Dealing Brandspurng United Capital Executive Director Acquires 133,803 Shares Worth ₦734,578.47M

Insider Dealing: Access Bank Chairman Acquires 7.1M Shares Worth N57.94M

Brand Spur
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Insider Dealing: Access Bank Chairman Acquires 7.1M Shares Worth N57.94M

Dr. Ajoritsedere Josephine Awosika, the Chairperson, Access Bank Plc, purchased additional 7,109,104 ordinary shares of the bank on Tuesday, according to the latest disclosure statement of the bank.

Insider dealings give clues on insiders’ sentiment and director unlike before the new transparent policy where shareholders do not know what executives that formulates policy that impacts their desire stocks are doing.

In a statement released by Sunday Ekwochi, Company Secretary, Access Bank Plc, and made available to Brand Spur, Dr. (Mrs) Ajoritsedere Josephine Awosika acquired the shares on Tuesday 6th, April 2021 at N8.15 per share from the Nigerian Stock Exchange trading floor in Lagos, Nigeria.

Transaction details

Insider Dealing Brandspurng Access Bank Chairman Acquires 7.1M Shares Worth N57.94M

Her Brief Background

Dr. Awosika is an accomplished administrator with over three decades’ experience in public sector governance. She was at various times, the Permanent Secretary in the Federal Ministries of Internal Affairs, Science & Technology and Power.

Dr-Ajoritsedere-Awosika,-MFR-(Independent-Director) Brandspurng Insider Dealing Access Bank Chairman Acquires 7.1M Shares Worth N57.94M
Dr. Ajoritsedere Josephine Awosika | Brand Spur Nigeria

She is a Fellow of the Pharmaceutical Society of Nigeria and the West African Postgraduate College of Pharmacy. She holds a Doctorate degree in Pharmaceutical Technology from the University of Bradford, United Kingdom.

She was appointed to the Board of Access Bank in April 2013 and served as the Vice-Chairman of the Board Audit Committee and Chairman of the Board Credit and Finance Committee.

Dr. Awosika sits on the boards of Capital Express Assurance Ltd and Josephine Consulting Limited.

She became the Chairman of the Board on January 8, 2020, following the retirement of Mrs. Mosun Belo-Olusoga.

Afrinvest Appoints Mrs Onoise Onaghinon as COO

Brand Spur
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Afrinvest Appoints Mrs Onoise Onaghinon as COO

6th April 2021 – Leading wealth advisory firm, Afrinvest West Africa Limited, has announced the appointment of Mrs Onoise Onaghinon as its Chief Operating Officer.

Brief profile of Mrs Onoise Onaghinon

Onoise-Onaghinon Brandspurng Afrinvest Appoints Mrs Onoise Onaghinon as Chief Operating Officer

Mrs Onaghinon joined Afrinvest (then SecTrust) in 2003 as an Analyst in the Firm’s investment banking division. With diligence, commitment and professionalism, she rose through the ranks to become an Associate, then Vice President and eventually Executive Director & Head of Investment Banking.

She is a seasoned veteran in the Nigerian capital markets and investment landscape with over 18 years of experience in capital raising, mergers and acquisitions, and restructurings across many industries.

In 2017, Mrs Onaghinon took a sabbatical from the Firm to head the Public-Private Partnership Agency of the Edo State Government. Having acquitted herself creditably in the public sector, she has rejoined the Firm to resume as the new COO.

According to Ike Chioke, Group Managing Director of Afrinvest,

“Over the years, Mrs Onaghinon has demonstrated great leadership, professional excellence and outstanding client commitment in driving the Firm’s business units, particularly our Investment Banking division. We are delighted to have her back and we look forward to leveraging her cross-disciplinary experience across the Afrinvest group”.

In her new role, Mrs Onaghinon will oversee human resources, legal & compliance, internal control and general services while leading the Firm’s initiatives to improve efficiency across its subsidiaries.

Afrinvest (West Africa) Limited is a wealth advisory firm involved in investment banking, securities trading, asset management and investment research with a focus on West Africa.

SEC Cautions Investment Platforms to Stop Trading ‘Unregistered’ Foreign Securities

Esan Bolaji
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SEC Cautions Investment Platforms to Stop Trading ‘Unregistered’ Foreign Securities

The attention of the Securities and Exchange Commission (SEC) has been drawn to the existence of several providers of online investment and trading platforms that purportedly facilitate direct access of the investing public in the Federal Republic of Nigeria to securities of foreign companies listed on Securities Exchanges registered in other jurisdictions.

These platforms also claim to be operating in partnership with Capital Market operators (CMOs) registered with the Commission.

Equities Market Retracts...ASI waned by 17 bps

The Commission categorically states that by the provisions of Sections 67-70 of the Investments and Securities Act (ISA), 2007 and Rules 414 & 415 of the SEC Rules and Regulations, only foreign securities listed on any Exchange registered in Nigeria may be issued, sold or offered for sale or subscription to the Nigerian public.

Accordingly, CMOs who work in concert with the referenced online platforms are hereby notified of the Commission’s position and advised to desist henceforth.

The Commission enjoins the investing public to seek clarification as may be required via its established channels of communication on investment products advertised through conventional or online mediums.

FG Hails WACOT’s Certifications to Export Organic Sesame Globally

Esan Bolaji
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FG Hails WACOT’s Certifications to Export Organic Sesame Globally

Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, has commended WACOT Ltd, a member company of the TGI Group, over the recent certification by the international certification organisation, ECOCERT, to export organic sesame globally.

Adebayo was excited as he received the ECOCERT certification presented to him in his office in Abuja, yesterday, by the National Sesame Seed Association of Nigeria (NSSAN), the management of WACOT, Nigeria Export Promotion Council (NEPC), and other stakeholders in sesame production.

FG Hails WACOT’s Certifications to Export Organic Sesame Globally

“This government is all about encouraging and supporting indigenous companies, especially those in the agro-allied sector, to be successful within and outside the country. President Buhari’s administration is serious about weaning our economy off oil, and agriculture is a major priority. It is in this light that I commend your resourcefulness and diligence for getting the certification”, Adebayo said.

While presenting the document earlier, TGI Group Director (Corporate Affairs), who is also the Deputy National President of NSSAN, Sadiq Kassim, affirmed the commitment of stakeholders to position Nigeria on the global map of organic sesame production.

France-based ECOCERT, which conducts inspections in over 80 countries, issued the certification to WACOT, a company with sizeable investments in value chains of various crops across Nigeria, earlier in the year.

With the approval, WACOT, whose investments cover agri-inputs, farming, supply chain and logistics, manufacturing, and branding, is boosting Nigeria’s foreign exchange income through sesame export.

Berger Paints Nigeria Generated N3.58Bn Profit in 2020…Gross Profit Declined By 15%

Esan Bolaji
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Berger Paints Nigeria Generated N3.58Bn Profit in 2020…Gross Profit Declined By 15%

8 April 2021 – Berger Paints Nigeria Plc is a leading player in the coating and allied industry with an enviable reputation of being the first in setting standards in the paints industry in Nigeria. The Company announced its audited results for the year ended 31 December 2020 on 31st March 2021.

Highlights

2020 financial year ended with a profit of N146 million, see below for further analysis of the result.

  • Revenue increased by 7.1% from N3.58 billion in 2019 to N3.84 billion in 2020 driven by volume growth despite the shutdown in economic activities, disruptions and environmental unrest and the loss of sales for about 7 weeks in the year.
  • Gross profit declined by 15% from N1.66 billion in 2019 to N1.42 billion in 2020 with a gross margin of 37%. The decline was largely due to the impact of the COVID-19 pandemic which resulted in a global scarcity of raw materials and consequently a significant rise in raw material prices. Difficulty in sourcing for forex also impacted the cost of inputs significantly.
  • EBIT at N154.05 million representing a 62% decline from 2019. This is principally due to the decline in gross profit, increased focus on health and safety in response to the COVID 19 pandemic, recruitment of key management staff and the general rise in prices of operational purchases.
  • Net finance income declined 56% due to the shortfall in investment income in the year and the impact of the interest rates fluctuations in the year.
  • Profit for the year declined 67% largely on the account of the decline in EBIT and finance income.
  • Free cash flow remained strong at N529 million, representing a 34% increase from FY 2019. This shows that the Company remains healthy and is still thriving in the current environment.
  • Earnings per share declined by 68%. However, a proposed dividend of 40 kobo per share for the year demonstrates the company’s unflinching commitment to its promises to the shareholders.

Berger Paints Plc - Soaring Interest Expense Underscores Pessimism

Comments from the Managing Director, Anjan Sircar:

“In spite of the emergence of COVID 19 and other environmental and economic unrest at various times in 2020 in the country which led to the loss of 7 weeks of sales, the performance of BPN for the financial year ended 2020 shows modest revenue growth when compared to the 2019 results.

The revenue growth has been largely driven by the strategic focus on the sales of premium products and the inclusion of new business partners. This also contributed to the volume growth.

Just like every other company hit by the impact of the pandemic, we experienced disruptions in our supply chain presenting difficulties in the purchases of raw materials and resulting in sharp increases in input costs.

Furthermore, the challenges in sourcing for foreign exchange and the congestions at our Ports impacted the Company’s ability to obtain raw materials at advantageous prices.

However, we have taken steps to reduce the similar impact on our business in the future, including undertaking a robust review of our business continuity processes. We have also adopted new business strategies and initiatives for better and improved performance in the 2021 financial year.

The Company remains strong in its commitment to its shareholders, hence I am pleased to announce that the Board will be recommending to shareholders the payment of 40 kobo per ordinary share to be paid to its shareholders which is 60% higher than the 25 kobo paid in the previous year. This is however subject to withholding tax and final approval at the 2021 Annual General Meeting.”

Financial Performance Highlights:

Berger Paints Nigeria Generated N3.58Bn Profit in 2020…Gross Profit Declined By 15% Brandspurng

MTN Nigeria Clarifies Dispute Over the Reduction in Airtime Sales Commission Using Banking Channels

Esan Bolaji
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MTN Nigeria Clarifies Dispute Over the Reduction in Airtime Sales Commission Using Banking Channels

MTN Nigeria Communications Plc (MTN Nigeria) has issued a statement to clarify the news in the media regarding the dispute with banks and our customers’ inability to purchase airtime using banking channels.

In a statement made available to Brand Spur Nigeria, the telecoms giant stated that,

“The sale of airtime through our banking channel partners was temporarily suspended by the banks on April 2, 2021, due to a dispute over the reduction in the cost of sales associated with the channel. However, services were restored on Sunday, April 4, 2021, with customers able to access all services following the intervention by our regulators.”

MTN Nigeria Launches Robust Customer Engagement Platform-Brand Spur Nigeria
MTN Nigeria Launches Robust Customer Engagement Platform-Brand Spur Nigeria

“We have also reverted to the initial commission structure, while we engage with the banks to agree on a pricing basis that will result in the reduction in the costs and align with best international practice.”

“The impact of the disruption was minimal on our operations as we were able to successfully activate alternative channels to enable our customers to purchase airtime and stay connected. We regard the banks and other Financial institutions as valued stakeholders in our business channels and we will continue to work towards a mutually beneficial business relationship.”

“MTN Nigeria‘s intention has always been geared towards business optimization to the benefit of our customers, shareholders and indeed the country. As a result, the good of our customers influences every decision we make. We will continue to live our values that ‘everyone deserves the benefits of ad modern connected life.”

MTN Nigeria Appoints Karl Toriola as CEO Brandspurng
Karl Toriola

Cornerstone Insurance Reveals Reason for Delay in Filing 2020 Audited Results

Esan Bolaji
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Cornerstone Insurance Reveals Reason for Delay in Filing 2020 Audited Results

Cornerstone Insurance PLC has explained why its board was yet to release the audited financial statements for the year ended 31st December 2020 (“the 2020 Audited Accounts”) with The Nigerian Stock Exchange.

The Company regrets its inability to file the 2020 Audited Accounts by the due date of 31st March 2021. This is because the Company encountered some delay in completing the actuarial valuation audit review.

Cornerstone Insurance Reveals Reason for Delay in Filing 2020 Audited Results

“Please be assured that the 2020 Audited Accounts will be submitted to The Exchange upon finalization by the Company and once the 2020 Audited Accounts has been submitted to and approved by the Company’s primary regulator- the National Insurance Commission (NAICOM).”

“In the same vein, due to the Company’s inability to file the 2020 Audited Accounts, the Company may not be able to file its Unaudited Financial Statements for the first quarter ended 31st March 2021 within the regulatory due date of 30th April 2021.”

“We sincerely apologise for any inconveniences these delays may cause.”

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