What caused SVB to collapse?The exact reasons for SVB's collapse are not yet clear as there have been many different speculations, but it has been reported that SVB had a significant portion of its po...
The African Petroleum Producers Organisation (APPO) recently announced that it has decided to give funding of five billion dollars to the development of an African Energy Bank (AEB) to develop all oil...
One of Nigeria's foremost banks, GT Bank, had been doing incredibly well on the Nigerian Stock Exchange. Just last week, it saw a jump in its gross earnings to N455.230 billion and a 2.33 percent rise...
Fidelity Bank released its unaudited financial report for the first quarter of 2021 at the Nigerian Stock Exchange. In details of the report, the profit before tax of the company went up by an impress...
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 ...
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...