On Monday, the Nigerian Senate through its Committee on Finance, announced that it was disappointed at the N17 trillion loss suffered by the country on tax waivers for the past five (5) years.The Sena...
What is Back-End Ratio? This is also known as a debt-to-income ratio. Back-End Ratio is used to determine how much of a person's salary would be used to clear his or her debt. It can also be used...
A recent survey from Bankrate showed that Blacks and Latinos pay twice as much in banking fees compared to White Americans.The average Black adult pays an average of $12 a month for checking accounts ...
What is a Bank Confirmation Letter (BCL)?DefinitionA bank confirmation letter is a letter that confirms an established loan or line of credit with a financial institution. It is a letter gotten f...
A new set of stimulus checks for up to $1,400 per person has been sent, the government announced on Wednesday.More than 2.3 million payments, representing over $4.2 billion, are on their way to select...
If you're a small business owner searching for a free accounting software, Wave Accounting is a great option. This financial planning tool is simple to use and understand — even for people...
When you open a new bank account, you will always have the option of selecting the type of card you require. Visa, Verve, and Mastercard are the three different types of debit cards available. People ...
New York Tiger Global has donated to nine startups across ten contracts since marking its return in 2021You can calculate on one hand the number of budgets more enormous than Tiger Global. Neverthel...
Florida has mandated a course in personal finance as a requirement for high school graduation.Florida Governor Ron DeSantis signed Senate Bill 1054 into law on Tuesday. In early March, both the state ...
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...