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...
The 194-year old department store, Lord & Taylor recently filed for bankruptcy. Before the emergence of the coronavirus pandemic, the department store was struggling financially until the pandemi...
First Independent Bank is a financial institution that offers consumer and banking services to individuals and institutions. It is headquartered in Reno, NV, with corporate headquarters in Phoenix, AZ...
United Bank of Africa saw its stocks rise this quarter, with revenue increasing 11% amounting to over N61 billion naira. It went from N559 billion to N620 billion in a year. In its financial repo...
Banking is one of the largest businesses in Nigeria, it involves some set of people or merchants that helps with transfers, loans, savings, and Yep digital bank is fighting for market share. &nbs...
To improve cash management efficiency, the CBN has introduced Bank Neutral Cash Hubs The Central Bank of Nigeria (CBN), in partnership with the Bankers' Committee, has established Bank Neutral cas...
Godwin Emfiele, the governor of the central bank, said that the eNaira currency impacts commercial banks, especially when customers transfer funds to their eNaira wallets from their bank accounts....
Banking is a big business in Nigeria, and the top banks are paying huge sum of salary to help the Nigerian economy. We collected data on all Nigerian banks; well, the top banks, and here is the ...
The United Bank of Africa(UBA) appointed its first Female CEO and her name is Mrs. Abiola Bawuah. She will be in charge of UBA bank operations in Nigeria, Ghana, Benin, Burkina Faso, Cote d’Ivoire, ...
While many banks have signaled that they would pay out dividends to investors regardless of the coronavirus crisis, analysts at Keefee, Bruyette & Woods have come out to say that there were “21 ...