A degree is okay to practice as a stockbroker, but most employers in the United States, United Kingdom, and Nigeria would prefer a degree holder in Economics, Finance, Accounting, Banking and Finance, Marketing, and Business Administration plus a professional certification. The body that issues the professional certificate to stockbrokers varies from country to country. Here […]
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If you have taken a loan from a financial institution and are unable to repay or fail to fulfill the repayment obligations due to circumstances beyond your control, that constitutes a bad loan. Definition Also referred to as bad debts, bad loans arise when the borrower no longer pays loans they obtained from a bank or
Types of Bad Loans and Their Impact on the Lender and the Borrower Read More »
A stockbroker is a person or company that buys and sells stocks and other investments to individuals, companies, and other financial market participants in return for a commission or fee. They act as a financial advisor and investment manager. Their Roles Investment advisor They provide investment advice to their clients. Not just advice, but must
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Bank Identification Number (BIN) is the first six to eight digits on a credit or debit card, which can be found either on the front or back of the card. Also known as Issuer Identification Number (IIN), the BIN is used to identify the financial institution that issued the card. It plays an important role
Benefits of Bank Identification Number (BIN) In Financial Transactions Read More »
Every year, an American website headquartered in San Francisco, California, allows former and current employees of companies to review their current or former workplaces. The overall reviews on Glassdoor are used to rate companies. This year, the website listed consulting firm Bain & Company, NVIDIA, ServiceNow, and MathWorks as the top best companies to work
Glassdoor’s Best Places to Work in America (2024) Read More »
While the campaign for the reduction in the cost of governance continues, state governors allocate a humongous amount for the maintenance of their offices in the approved 2024 budget. In the face of economic difficulties experienced by Nigerians, some of the 36 state governors appear unperturbed by the challenges faced by the people who elected
Percentage of 2024 State Budget Allocated to Governor’s Office Read More »
As the foreign exchange crisis deepens in Nigeria, the apex bank has directed all Authorized Dealer Banks in the country to stop payment of Personal Travel Allowance and Business Travel Allowance (PTA/BTA) by cash to applicants. In a communique dated February 14 and signed by the Director of Trade and Exchange Department, Hassan Mahmud, the
CBN Bans Payment of Travel Allowance by Cash as FX Crisis Deepens Read More »
The Nigerian currency is at its lowest ebb ever. It has never experienced the kind of depreciation it is currently undergoing since it became the official currency on January 1, 1973. With the current exchange rate of the Naira against the United States Dollar, which stands at $1/N1,517.204 according to the CBN rate, the national
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The career paths for bankers in Nigeria are hierarchical. In some banks, you begin as a graduate trainee, progress to executive trainee, and then advance up the ladder. This progression varies from one bank to another. We have some of the top billionaire bankers in Nigeria today who entered the banking sector in their early
Hierarchy of Bank Positions In Nigeria Read More »
It may be tasking for anyone fill the vacuum left behind by the Herbert Wigwe, the late Group Chief Executive Officer of Access Holdings PLC, but to preserve his significant legacies, the Board of Directors of the bank announced on Monday, February 12, 2024, the appointment of Ms. Bolaji Olaitan Agbede as the acting GCEO
Meet Bolaji Agbede, the Woman Stepping Into Herbert Wigwe’s Shoes as Access Bank’s CEO Read More »
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