Wells Fargo has fulfilled the pledge it made last year to invest $50 million in Black-owned banking institutions.In a press statement released yesterday, the company disclosed that it made equity-capi...
Mobile network operators in Nigeria have claimed that commercial banks owe them up to N50 billion naira in unpaid charges for USSD services.Recall that Nigerian banks and mobile network telco provider...
Wema Bank has appointed a new Board Chairman in the person of Dr. (Mrs.) Oluwayemisi Olorunshola. This came in after the Board of Directors of Wema Bank Plc made the announcement.This directive was ma...
Recently, First Bank of Nigeria Limited was named Financial Institution of the Year at the African Export-Import Bank Pan African Business and Development Awards.The event was held in Accra, Ghana whe...
Polaris Bank recently announced its onboarding into the Pan-African Payment and Settlement System to assist in easing cross-border trade and payments for its existing and potential customers.This mile...
On Thursday, the Federal Reserve put new restrictions on the United State banking industry after the annual test revealed that some of the banks might be forced into an uncomfortable minimum capital l...
Two more big companies, Cheesecake Factory, and Dave & Busters are expected to file for bankruptcy and it will mean that businesses are still struggling even though they are operating during the p...
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...
The 2020 Black Lives Matter protest sparked by the unlawful killing of George Floyd has grown into a nationwide fight against all aspects of racial injustice, especially economic injustice. Many organ...
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...