The World Bank which is considered as the largest bank in the world has finally released $299.99 million to Nigerians out of the $800 million that was approved for the National Social Safety Net Progr...
The United Bank for Africa (UBA) recently received $17 million in funding from the Africa Development Bank (AfDB) Group to boost its support for the private sector and financing of infrastructure deve...
The value of foreign exchange transactions recorded on the official Nigerian According to the FMDQ Exchange data for Tuesday, the value of foreign exchange transactions that were recorded on the offic...
Dr Temitope Fasoranti, an executive director of Zenith Bank Plc, is said to have reportedly bought a total of 1.7 million units of Zenith Bank shares.This was revealed in a corporate notice signed by ...
A commercial bank is one which operates the more traditional model of banking. Some of the roles of a commercial bank are:Provide a savings account for customers to safely store their moneyO...
What is a Bank? “…an establishment for custody of money, which it pays out on customer’s order.”Oxford DictionaryDefinitionA bank is the major financial institutio...
What is Bank Identification Number (BIN)?Definition A bank identification number (BIN) refers to the first four to six numbers reflected on a bank-issued card. The first digit of the BIN represen...
The most recent report about Kuda bank is not impressive at all and this may make them lose customers and then see reduced valuation. Kuda bank started its business as a free bank for Nigeria. Af...
DefinitionThe banker’s acceptance, also known as bill of exchange, is a bank draft that requires a bank to pay a holder of an instrument a stated amount on a specified date. This usually occurs with...
The 194-year old department store, Lord & Taylor recently filed for bankruptcy. Before the emergence of the coronavirus pandemic, the department store was struggling financially until the pandemi...