February 07, 2020
Bailout
A bailout is said to happen when a business, an individual, or the government provide a failing company or government with capital or resources (capital injection). This usually happens when a company...
A bailout is said to happen when a business, an individual, or the government provide a failing company or government with capital or resources (capital injection). This usually happens when a company...
Unity Bank Plc recently announced plans to strengthen its digital banking services despite the bank report for Q3 that ended September 2023 showing how the bank recorded a loss of N47.917bn.The unaudi...
Carbon, a top digital fintech service provider, has acquired Vella Finance, a Nigerian firm focusing on small and medium-sized enterprises.The fintech giant announced the acquisition of Vella Finance ...
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...
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Access Bank Plc, a subsidiary of Access Holdings Plc, has announced that it has signed a binding agreement with Kenyan-based KCB Group Plc (KCB) to purchase all of the issued shares of National Bank o...
Cadbury Nigeria Plc, a consumer goods company, has announced that it will not pay dividends to its shareholders for the 2023 fiscal year because it suffered a huge loss of N19.09 billion after taxes.A...
The management of the United Bank for Africa (UBA) has revealed that, with an excess of N2 trillion in shareholder funds, it intends to raise additional capital when the time comes, in compliance with...
The federal government has announced the Presidential Intervention Fund for Micro, Small, and Medium-Sized Enterprises and Manufacturers in Nigeria, valued at N200 billion.The minister of industry, tr...
Neiman Marcus Group is a Dallas-based department-store chain that was acquired by Ares Management LLC (ARES) and the Canada Pension Plan Investment Board in 2013.It was reported by Reuters on Sunday t...
The Central Bank of Nigeria (CBN) announced it has started selling $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at a discounted rate of N1,021 per dollar.This...