DefinitionA bank run is a term used to describe a situation where bank customers withdraw all the money in their deposit accounts for fear that the bank insolvency. The more customers withdraw their m...
GT Bank Plc has released results for its first-quarter, recording profit after tax of N45.6 billion, dropping from N50.1 billion in the same period a year ago. It also reported profit before tax of N5...
Fidelity Bank Plc recently announced a 120.1% growth in profit before tax in the first quarter (Q1), which ended March 31, 2024. The bank recorded N39.5bn for Q1 2024, which was far from the correspon...
With 16-digit card numbers, expiration dates, magnetic strips, and EMV chips, credit and debit cards are nearly similar, but they are really not the same and shouldn’t be considered as such.What is ...
The Nigerian stock market has been a promising area for investors looking to make profits from stocks. With several companies assured of growth and profitability, the Nigerian stock market is a goldmi...
United States electric vehicle maker Telsa Inc. (TSLA) and a group of Chinese banks have agreed a new 10 billion Yuan (approximately $1.4 billion), five-year loan facility for th...
What is cryptocurrency?According to Investopedia, a cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Ma...
Starting a business can be a challenging but rewarding experience. Many entrepreneurs often turn to loans as a way to finance their business ventures, but is this always a good idea?In the current e...
As the retail store faces bankruptcy threats, JCPenney has been in talks with major lenders to secure a $450 million “debtor in possession” (DIP) loan to keep the company afloat. The DIP loan is s...
United Bank for Africa has released its financial report for the first quarter of 2021, and the company recorded a profit before tax of N40.6 billion. This is about N8 billion more than the N32.7 bill...