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In May 2006, Mastercard Incorporated held its initial public offering (IPO) that valued it at about US$5.6 billion; [7] as part of the IPO, Mastercard Inc. donated 13.5 million shares, expected to be worth an initial US$600 million (equivalent to US$906.8 million in 2023), to a newly created independent charitable foundation to be named the Mastercard Foundation.
In 1996, four million merchants sued Mastercard in federal court for making them accept debit cards if they wanted to accept credit cards and dramatically increasing credit card swipe fees. This case was settled with a multibillion-dollar payment in 2003. This was the largest antitrust award in history. [34]
Over the past three years, Mastercard's (NYSE: MA) stock has rallied by more than 40% as the S&P 500 advanced by about 25%. The payment processing giant impressed investors with its robust growth ...
Richard Merrill Mills Jr. (born February 23, 1959) [3] is an American diplomat serving as the United States ambassador to Nigeria since July 2024. He served as the United States deputy ambassador to the United Nations from 2020 to 2024 and, in that capacity, served as the U.S. Chargé d'Affaires and Acting Permanent Representative to the United Nations between January 20, 2021, and February 25 ...
Verve was founded in 2009, as a subsidiary of Interswitch. In 2013, it became an autonomous business entity in a restructuring exercise. [2]In 2005 the Central Bank of Nigeria (CBN) issued a mandate to the Nigerian payment industry that operators should migrate from magnetic strip to EMV chip and PIN platform by 2009.
Osayi Alile [2] is a Nigerian entrepreneur, an executive human development officer, a core professional and published columnist. In the course of her work in various roles, she has been active in entrepreneurship, education, youth development, and public leadership.
In March 1998, Access Bank changed its legal status and became a public limited company and in the same year, on 18 November, entered the Nigeria Stock Exchange. In 2002, Aigboje Aig-Imoukhuede was appointed managing director and Herbert Wigwe, Deputy Managing Director, with the mandate of raising the bank from 65th place to the top 10 in 2007.
Africa Social Impact Summit (ASIS) is an African non-governmental initiative launched in 2022 in Lagos, Nigeria. [1] ASIS is co-convened by the United Nations in Nigeria and Sterling One Foundation alongside other private sector and development organizations. It is a convening for inclusive development that provides an opportunity for ...