TranscriptUdom Emmanuel took governorship of the Nigerian state Akwa Ibom in 2015. Since then he has transformed the southern coastal region from a civil service state into an attractive destination f...
Mashreq Bank, a pioneer in the UAE’s banking industry, has consistently been at the forefront of financial innovation. As the country’s oldest bank, it has a rich history of expanding financial services and achieving numerous notable firsts.As we move further into the digital age, Mashreq Bank is
If you are looking for a safe and profitable way to grow your savings, you might want to consider opening a high-yield savings account or a certificate of deposit (CD) with a reputable bank. These accounts offer higher interest rates than the average savings account, which means you can earn more mo
TranscriptNigeria’s Zenith Bank group reported growth of 10 percent in gross earnings and in profit before tax in 2021 – a remarkable achievement considering the ongoing economic impact of the pandemi...
With a 125-year history and an expanding international network, FirstBank of Nigeria has a solid foundation for its private banking division to offer first-class, tailored services to high net worth customers. Idowu Thompson, the Group Head of FirstBank Private Banking, explains how the bank underst
The foreign exchange (forex) industry is a dynamic and rapidly changing field. In Nigeria, financial institutions are making significant strides towards digital transformation to keep pace with these changes. One such institution leading the way is BDSwiss.BDSwiss has made a substantial inv
If your bank fails, the first thing to keep in mind is that you won’t lose all your deposits. TheFederal Deposit Insurance Corp. (FDIC)insures bank accounts up to $250,000 per depositor, per account c...
As a professional in the financial industry, I often encounter clients who are unfamiliar with standby letters of credit and their purpose. In this article, I will explain what a standby letter of credit is, its characteristics, and how to obtain one.What is a Standby Letter of Credit?A standb
What Is Annual Percentage Rate (APR)?Annual Percentage Rate (APR) is the yearly interest charged to borrowers or paid to investors. It represents the actual yearly cost of funds over the term of a loan or income earned on an investment. APR includes fees and additional costs associated with the tran