The World Bank's Nigeria Electrification Project (NEP) has made a significant pledge of $750 million with the goal of revitalizing rural electrification initiatives and improving electricity accessibi...
Kenya's Asset Recovery Agency (ARA) received a court order to freeze 56 bank accounts on Wednesday. These accounts were used by 7 firms to launder Ksh7 billion ($59.2 million). The businesses inc...
Following a fresh round of funding, British fintech start-up has been able to raise $500 million, which now brings the valuation of the company to $5.5 billion. TCV, a Silicon Valley-based venture ...
Roku, the streaming media company, has revealed that almost 26% of its cash reserves, totaling $487 million, are locked up at Silicon Valley Bank (SVB), which has been placed into receivership by the ...
Abbey Mortgage Bank Plc has announced that it's worried about the high non-performing loans in the mortgage industry.This announcement was revealed by Mobolaji Adewunmi, the Director of the Bank, on T...
In its latest report, Zenith Bank announced that it generated gross earnings of N781 billion in Q1 2024, an 189% increase from the corresponding year, which recorded N270 billion in Q1 2023.According ...
Following the death of the CEO of Access Holdings Plc, Dr Herbert Wigwe, the board of directors has appointed Ms Bolaji Agbede as the Company's acting Group chief executive officer. The announcement w...
The question about how money is created in the US comes up a lot. This is because many people wonder why a country that produces its own money would still be in debt. One thing is certain, the Treasur...
Nigerian stock investors lost N252 bn at the close of Thursday trading as the Nigerian Exchange sustained its bearish trading on Thursday.So far, the market has witnessed a combined loss of N467bn bet...
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...