Finance

Why Do Banks Make Profit Amidst Poverty

Why Do Banks Make Profit Amidst Poverty?

Every year, financial institutions around the world post voluminous profits even when there is poverty or when there has been no significant change in the poverty level. Economically, the fact that financial institutions are making more profits does not translate to poverty reduction. But it is baffling that even when there is hunger, economic difficulties, […]

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40 Ridiculous Business Names Used By BDC Operators in Nigeria

Some of the licensed Bureau De Change (BDC) operators in Nigeria use unbelievable and ridiculous names to obtain operating licenses from Nigeria’s apex bank, a list on the website of the Central Bank of Nigeria has revealed. Among the funny business names used by the operators include Deadlist BDC LTD, Ephesians-three-twenty BDC LTD, and Deep

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meaning_of_bad_loans_and_their__impact_on_lender_and_the_borrower

Types of Bad Loans and Their Impact on the Lender and the Borrower

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

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benefits of Bank Identification Number (BIN)

Benefits of Bank Identification Number (BIN) In Financial Transactions

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

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This photo shows the status after using Yellow Pay to send money to another Yellow Card user within Africa

How To Use Yellow Pay To Send Money To Friends Across Africa

What is Yellow Pay? Yellow Pay is a cross-border payment product of Yellow Card Financial Inc. which uses blockchain technology in sending and receiving local currencies across African countries. I tested it by sending money to a colleague. It’s indeed faster than the conventional transfer system. It is faster and cheaper for cross-border payments in

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Nobody Can Manage Tesla To Meet Elon Musk’s Conditions – Ross Gerber

It would be difficult for anyone to manage the affairs of Tesla under the “conditions that Elon would want and with the team that he has,” Tesla (TSLA) shareholder Ross Gerber has said. Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management in reaction to advertisers fleeing Twitter – now X – over Musk’s

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Photo showing a trading expert trying to explore the lucrative opportunities of trading

Exploring the World of Trading and Its Lucrative Opportunities

Trading has been an integral part of human civilization for centuries. From the bustling bazaars of ancient times to the digital platforms of today, trading has consistently provided opportunities for growth, wealth creation, and global economic expansion. Today, trading has undergone a revolutionary transformation, thanks to technological advancements. It offers a world of lucrative opportunities,

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