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Sunday, September 20, 2026 Finance & Markets Section

Finance & Markets

Finance & Markets

RB Global (RBA) Doubles its Buyback Authorization. Can Cash Generation Support it?

·finance.yahoo.com

RB Global (RBA) has doubled its buyback authorization to US$1 billion, with an increased share limit of 14,224,129 shares. This move comes as the company reported a 31% increase in GAAP net income to $143.6 million during the second quarter of 2026, driven by an 11% revenue growth to $1.3 billion. The expansion of the buyback program provides RB Global with additional capital to return to shareholders, while also allowing management to maintain flexibility in executing purchases based on available cash and investment opportunities.

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Sunday assorted links

1. Nobel Laureates in support of the California billionaire wealth tax include Krugman, Acemoglu, Diamond, Stiglitz, Banerjee, and Duflo (FT). 2. Secretariat as GOAT. 3. Dead brains and the piano?? 4.

·marginalrevolution.com

Tax Ombud warns against revenue-first approach to tax reforms

Nigeria’s Tax Ombud has warned against a revenue-first approach to the country’s tax reforms, arguing that pursuing collection targets without building taxpayer trust risks undermining the…

  • Nigeria's Tax Ombud warns against prioritizing revenue collection in tax reforms.
  • Trust among taxpayers is crucial for sustainable tax system, warns Dr. John Nwabueze.
  • Tax Ombud aims to address legitimate grievances, not tax resistance.

·nairametrics.com

Paga CEO Tayo Oviosu says company generates $1.5 billion monthly

Paga CEO Tayo Oviosu has said the fintech company generates about $1.5 billion in monthly transaction volume, while revealing that the business is valued in hundreds of millions of dollars.

  • Paga CEO Tayo Oviosu states $1.5B monthly transaction volume
  • Company valued in hundreds of millions of dollars
  • 200 employees process significant monthly money

·nairametrics.com

Five-Day Holiday Puts Japan's Cost-of-Living Pressures in Focus

Japan's first five-day Silver Week holiday in 11 years has put renewed attention on household finances, with persistently high food prices and a weakening yen threatening to erode the benefits of the…

  • First five-day Silver Week in 11 years highlights household finance pressures
  • Beef, pork, and chicken prices rise, prompting shoppers to seek value packages
  • Government plans food tax cut to 1% in 2027, but concerns over financing and yen weakness

·newsonjapan.com

Popoola: Next Frontier for Africa’s Capital Markets Is Capital From Within

The Managing Director and CEO, NGX Group plc, Mr. Temi Popoola, has said he sees an opportunity to connect Africa’s pools of capital more effectively with businesses across the continent,

  • Africa's capital markets could become major funding source, says Temi Popoola
  • Investors hold significant savings that could be directed towards African businesses
  • NGX Group building infrastructure for interconnected African capital market

·thisdaylive.com·2 outlets

Omtatah blames 2012 Treasury law for Kenya’s public finance woes

Busia Senator Okiya Omtatah Okoiti has blamed a 2012 change to Kenya’s public finance law for what he describes as weaknesses in accountability, debt management and control of public funds.

  • Kenyan Senator Okiya Omtatah blames 2012 Treasury law for public finance woes
  • Section 11 of Public Finance Management Act 2012 transferred Treasury to Executive
  • Omtatah calls for restoring independent Treasury status to prevent single institution control

·peopledaily.digital

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