March figures show that Ghana’s inflation rate hit its highest level in more than a decade. This is coming after the country’s central bank raised the interest rate in anticipation of inflation....
The African Export-Import Bank (Afreximbank) has concluded strategies to aid Nigeria in fuel importation and food sufficiency as there are ongoing dialogues to assist the country from the $4 billi...
Comparing many other asset types, it may be argued that stocks offer the most growth potential. In comparison to real estate and many other fixed-income assets, they are by far more liquid ...
Investment opportunities keep glowing in Africa, and Nigeria is not stopping as it continues to grow the businesses of locals and foreigners living within and outside the country. However, the wo...
What is Back To Back Letter Of Credit?A back to back letter of credit is made of two letters of credit (LCs) used together to finance a business transaction. The two LCs are opened in favor of th...
JPMorgan Chase third quarter earnings beat analysts’ earnings amid the reported September money laundering scandal that implicated the bank. Here’s how JPMorgan performed in the third-q...
Wells Fargo wrote in a memo Wednesday that more than 100 employees were fired for engaging in Covid-19 relief fund fraud.The Covid-19 relief funds were set aside for small businesses that were affecte...
The Central Bank of Nigeria (CBN) has unveiled its Consolidated Financial Statements spanning seven consecutive years. This disclosure marks a notable departure from the past, as the apex financial in...
The Nigeria Exchange Limited (NGX) All-Share Index increased by 0.55% on Wednesday, and the benchmark index rose to 72,299.79 points; this is the first time in history that the benchmark index has cro...
Godwin Emefiele, the former Governor of the Central Bank of Nigeria, has responded to the allegations of stolen funds recently published by the Special Investigator on the CBN and Related Entities.He ...