On Wednesday, Apple hit a market cap of $2 trillion, this is double their initial valuation which was at $1 trillion in just two years after its first major hit which took over thirty years to be a...
The term cumulative, or combined, loan-to-value (CLTV) ratio is used to calculate the total debt on a portion of commercial real estate property in relation to the value of the entire property....
In the first half of 2023, the stock of global debt rose to $10 trillion, bringing the total to a record high of $307 trillion. This data was reported on September 9, 2023, by the Institute of Interna...
Zenith Bank, one of Nigeria's leading financial institutions, has announced its intention to transition into a holding company structure. This move will bring the bank in line with other major players...
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...
Reputable magazine, Global Finance, names Zenith Bank the best bank in Nigeria for the second time this year. This happened at the 28th edition of their Annual Best Bank Awards Winners in Africa. ...
After a jaw-dropping rise in the Russian rubles, the Russian Central Bank (RCB) slammed the brakes last week with an unannounced interest rate cut, leading the ruble to fall. Russian assets nose...
SVB Bank, the first FDIC insured bank to fail in 2023, has attracted the attention of several potential buyers. The bank, which has been in operation for over a century, has a storied history and a so...
What is Bank Draft?DefinitionA bank draft, also known as teller’s check, is a check provided by a bank to the customer of the bank to remit funds to a specified account. It is drawn on a bank�...
FCMB Micro Finance Business was established as a division of First City Monument Bank (FCMB) in effort "to promote financial inclusion among the unbanked and underbanked." the bank wrote on its w...