JPMorgan Chase reported on Thursday that the bank's second-quarter profit fell as it increased reserves for bad loans by $428 million while discontinuing share repurchases. In a statement, he sai...
The International Monetary Fund (IMF) defines foreign direct investment as a type of cash inflow wherein investors transfer their funds to a business in a different economy with the intentio...
As the economic rebound gives way to a potential recession, big U.S. banks' second quarter profits are anticipated to decline dramatically from a year earlier on increasing loan loss reserves. ...
CreditChek, a firm in Nigeria that performs credit assessments, reported raising $240,000 in a pre-seed investment round. The company said that with the help of this money, it will be able to r...
Kenya's Asset Recovery Agency (ARA) received a court order to freeze 56 bank accounts on Wednesday. These accounts were used by 7 firms to launder Ksh7 billion ($59.2 million). The businesses inc...
Zenith Bank Plc was founded in May 1990 and started running as a commercial bank in July of the same year. Following a very successful initial public offering, the Bank was transformed into a public...
UK regulators are looking into the CEO of fintech company Wise after discovering that he had neglected to pay a tax bill totaling more than £720,000. Wise CEO and co-founder Kristo Ka...
With oil and food prices reaching record highs, Nigeria's inflation rate surged to an 11-month high in May 2022, reaching 17.71 percent and marking its fourth consecutive monthly increase in th...
According to an executive at the world's largest airline organization, IATA claimed on Sunday that Nigeria is keeping $450 million in revenue generated by multinational carriers opera...
According to the World Bank, the Central Bank of Nigeria's numerous currency rates, restrictions on trade, and public deficit financing continue to harm the business environment. The World Ba...