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...
DefinitionBankruptcy is a term used to describe an individual’s or organization’s inability to make payment to its creditors or fulfill its outstanding financial obligations. Though the term is mo...
The coronavirus pandemic caused lots of damages to the economy and some companies are fighting to survive while some have given up trying to stay in business by filing for bankruptcy. Below is t...
Zenith Bank Plc's full-year audited financial statement for 2021 has been released, with a profit after tax of N244.5 billion, the biggest on record. This represents a 6.07 percent gain from the previ...
As published through a report documented with the Exchange and approved by the company’s secretary and chief legal counsel, Temitayo Adegoke. Sterling Bank Plc has announced the retirement...
This is great news, a couple of black-owned banks will be part of the syndicate that will refinance a $35 million loan for Atlanta Hawks. The move will allow black owned businesses in the banking sect...
Fidelity Bank organized a two-day feeding program for the Kano residents through its food bank initiative. It has been reported that more than a thousand residents of the state comprising women, child...
Wema Bank Plc recently commenced its right issue to get about N39.95 billion from its existing shareholders.According to the findings by THISDAY, the subscriptions for the rights issue would commence ...
On Monday, it was reported that the United Bank of Africa (UBA) had crossed N1 trillion in market capitalisation.UBA's market capitalisation reached N1.022 trillion from N990 billion it finished on Fr...
For the 2023 fiscal year, Fidelity Bank's directors have proposed paying shareholders a final dividend of 60 kobo per share. This represents a 20% increase over the dividend payment of 50 kobo last ye...