The Federal Reserve's main goal is to keep inflation under control while preventing a recession. It accomplishes this through monetary policy. The Fed must use contractionary monetary policy to impede...
The Economic Aid to struggling small businesses, non-profit entities, and venues Act, which was a component of the Consolidated Appropriations Act, 2021, signed into law on Dec. 27, 2020, established ...
Financial ratios provide lenders and investors with critical information about a company's financial status.The interest coverage ratio is an important financial number that indicates a company's abil...
The Tertiary Institutions Entrepreneurship Scheme was created by the Central Bank of Nigeria as part of its commitment to enhance economic growth by reducing level of unemployment among Nigerian ...
What is financial inclusion? Financial inclusion has to do with creating initiatives to avail financial services and products to individuals and businesses, regardless of individual...
Default is the technical definition of when any borrower fails to make a payment on their debt. This can be a failure to pay interest or principal and can be any amount.Default is usually a sign of fi...
11th District Cost of Funds Index is a monthly cost of fund index (COFI) portraying the weighted average interest paid by western states financial institutions on savings and checking accounts. The fi...
Debt negotiation is a huge relief for many borrowers who find it difficult to complete the payment of their debt due to some circumstances. This process is a great way to be free of some financia...
According to the annual report released recently, Klarna is moving toward profitability despite a $1bn decline in revenue in 2022.The Swedish fintech company Klarna, even after facing a loss of $1bn h...
In Nigeria, Zenith Bank is said to be amongst the top 5 best financial institutions in the country which has attracted a lot of potential customers willing to use their services. In the past years, Ze...