Union Bank Plc recently held a Court Ordered Meeting on June 13, 2023, where several resolutions were passed regarding the acquisition of shares held by minority shareholders. This article discusses t...
What is Bank Draft?DefinitionA bank draft, also known as teller’s check, is a check provided by a bank to the customer of the bank to remit funds to a specified account. It is drawn on a bank�...
SVB Bank, the first FDIC insured bank to fail in 2023, has attracted the attention of several potential buyers. The bank, which has been in operation for over a century, has a storied history and a so...
Global financial organization, Guaranty Trust Bank Limited (GTBank) offers a wide range of industry-leading financial products and services to people, companies, and private and public organizations a...
On Wednesday, Jaiz Bank Plc released its unaudited financial report which revealed that the bank has done favorably well in some key areas of its financial indicators. These key areas include:Gross In...
The completion of a share purchase agreement for the full acquisition of Polaris Bank by Strategic Capital Investment Limited has been officially announced by the Central Bank of Nigeria and ...
Zenith Bank Plc earnings rose to a market valuation of over N1 trillion making it the first financial institution in Nigeria to surpass the billion bracket. According to statistics, from the Nige...
As Nigerian banks continue to endorse digitalization, there has been a shift in revenue. In the first half of 2023, the total revenue generated from electronic transactions was N192.010 billion. These...
The World BankThe World Bank was founded by the western powers in July 1944 alongside the International Monitory Fund to mitigate the effects of the war in Europe and America.The second world war...
What is Bank Guarantee (BG)?DefinitionA bank guarantee is a financial term used to refer to the agreement made between three parties—the bank, the beneficiary, and the applicant. The applicant ...