An aerial view of an unknown cargo ship off the coast of Guangdong, China. The two Chinese shipping firms have had their US assets' frozen, alongside other punitive measuresFeatured|MarketsAuthor:Soph...
In recent years, African banks have demonstrated remarkable resilience and adaptability, particularly in the area of risk management. The African Development Bank, a leading institution in the continent, has been at the forefront of this transformation. Through the implementation of various po
Earning the highest interest on your money in a bank often involves considering different types of bank accounts and financial instruments. Here are some strategies to potentially maximize the interest you earn:1. High-Yield Savings Account:- Consider opening a high-yield savings account
Featured|Wealth ManagementTop 5Top 5 forces that will shape international finance in 2023Top 5 female-fronted fintech firmsTop 5 Latin American tech hubsTop 5 sustainability pioneers in EuropeTop 5 ke...
The Bank of Industry (BOI) has emerged as a key player in the transformation and diversification of Nigeria’s economy. Through a variety of initiatives and programs, the BOI is helping to reshape the economic landscape of Nigeria.One of the primary ways the BOI is effecting change is through its pr
In the realm of international finance, two key concepts play a crucial role in determining a country's economic stability and its ability to meet its financial obligations: international reserves and international solvency. These concepts are closely intertwined and are of utmost importance for
Money and credit are two essential concepts in banking, as they determine how banks operate and how they affect the economy. Money is any item that is generally accepted as a medium of exchange, a unit of account, and a store of value. Credit is the ability to obtain goods or services before payment
The recent collapse of Silicon Valley Bank and Signature Bank has raised concerns about the safety of bank deposits and the role of the Federal Deposit Insurance Corporation (FDIC) in protecting them. The FDIC is a government agency that insures deposits in most U.S. banks and thrifts up to $250,000
Micro, Small and Medium Enterprises (MSMEs) are emerging as a pivotal force in driving financial inclusion in Nigeria. Financial inclusion is increasingly recognized as a catalyst for entrepreneurial growth and enterprise inclusiveness.A study conducted in Southwest Nigeria has shed light on t
