First Bank of Nigeria Holdings (FBNH) recently appointed Mr. Olusegun Alebiosu as its acting CEO.The announcement was made public on Sunday evening after the bank confirmed Alebiosu's appointment in a...
This is a discount billing term on credit purchase. It is a 1% discount payment made available for debtors who are able to pay up their debt within 10 days of its required 30 days. However, if no paym...
What is the definition of a Basel III in finance? DefinitionBasel III is the third part of a three series international banking accord known as the Basel Accords. It was first created by the...
Nigeria's currency in circulation declined by N37.94 billion in February to N3.25 trillion, down from N3.29 trillion in January 2022. On a month-to-month basis, this reflects a 1.2 percent decreas...
What are bonds?Bonds refer to fixed income instruments that represents a loan, made by an investor to a corporate or government borrower. Bonds can be viewed as an agreement between a lender and a...
Time Period: December 2007 - June 2009Duration: 18 monthsGlobal GDP: -5.1%Global Unemployment Rate: 10%Similar Instance: The 1930s Great DepressionThe Great Recession was an economic decline era which...
Y Combinator’s latest batch — W22 — features 414 startups from 42 countries, depicting more than 80 sectors. Just like previous year’s assortments, about half of the companies in the W22 bat...
As we advance in technology there seems to be more opening in various sectors of the economy and the financial sector is not left out.With a constant increase of smartphones in the hands of a million ...
As housing prices rise, folks who want to own a home may begin to look into non-traditional ways to get on the property ladder. A rent-to-own deal, for example, is a technique of purchasing a home by ...
NIRSAL Microfinance Bank is one of Nigeria's top financial institutions, regulated by the Central Bank of Nigeria (CBN) to provide loans for various purposes, including the Nirsal Covid-19 loan.NIRSAL...