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SVB, also known as Silicon Valley Bank, recently experienced a significant setback as it faced bankruptcy. However, the newly appointed CEO, Tim Mayopoulos, has urged clients to return to the bank, re...
Mr. Adekunle Adewole has resigned as the Managing Director of LivingTrust Mortgage Bank.His resignation was announced in a corporate notice that was filed with the Nigerian Exchange Limited, where the...
Wema Bank Plc, known as Nigeria's fifth oldest bank, reported in a recent notice that it plans to seek approvals from its shareholders for measures like mergers and acquisitions, takeovers, and busine...
NGXNigeria's leading commercial bank and rapidly expanding company, Sterling Bank, has made a significant impact on Nigeria's energy and transportation sectors through the introduction of Qore, a comp...
What is Bank Deposits?DefinitionBank deposit refers to the money an account holder keeps (deposits) in the bank for safekeeping to be accessed at a later date. The account holder has full rights to ac...
DefinitionA bank reconciliation is a document that matches a company’s cash balance on its balance sheet to the equivalent amount on its bank statement. Bank reconciliation is done at intervals to e...
Zenith Bank's N244 billion profit in 2021 driven by a cost of funds reduction Zenith Bank Plc saved significantly more than N14 billion in 2021 due to a reduction in interest expenses to N106.8 bil...
Wema Bank Plc has announced its Profit Before Tax as it shows that it rose 130% to N21.76bn at the end of Q3 2023 which settled at the corresponding year which stood as N9.46bn in 2022.The breakdown o...
SoftTech IT Solutions and Services Ltd, a Nigerian information technology solution based in Nigeria, and its Managing Director, Mr. Isah Kantigi, have been sanctioned by the World Bank for alle...
What is a Bank Confirmation Letter (BCL)?DefinitionA bank confirmation letter is a letter that confirms an established loan or line of credit with a financial institution. It is a letter gotten f...