Accounts Payable (AP) represents an account within a general ledger that reflects a company’s obligations to pay off a short-term loan or debt to the company’s suppliers or creditors. The term “...
Venmo is a mobile app that allows customers to send money to other people or businesses.Users do not pay to send or receive money through the app, but the company makes money from interchange and with...
For any business to thrive successfully it must duly pay attention to all aspects of the business that can likely affect its performance; this includes its credit extension. Businesses are prone to ex...
Buy now pay later (BNPL)—a short-term consumer financing that allows shoppers to acquire products online and pay in instalments with miminal or no fees—is sweeping the global e-commerce sector. ...
In Nigeria, mortgage banking has grown in recent years due to the growing demand for affordable housing. Despite the potential benefits, mortgage banking in Nigeria faces various challenges that ...
Chesapeake Energy Corp is set to exit bankruptcy after winning court approval for a reorganization. The company will cut $7 billion in debt in exchange for giving ownership to its senior creditors, in...
CreditChek, a firm in Nigeria that performs credit assessments, reported raising $240,000 in a pre-seed investment round. The company said that with the help of this money, it will be able to r...
What are stock options?Stock options give investors the right to either buy or sell a stock at an agreed price and date. Stock options serve as a right and not an obligation. Just like other classes o...
What is the Student's Loan?A student loan is a form of financial aid made available by the United States government for the benefits of students who don't have the money to finance their education and...
Regions Bank is a brick-and-mortar bank that supports online banking and has a user-friendly mobile application for customers to use in other to meet customers' demands. According to Regions Financi...