When you prepay the loan, you can save yourself from interest burden. Although prepayment leads to some additional cost, this ...

SOFR is a benchmark rate which certain variable rate financial products, for example certain mortgages, can be tied to.

Some banks may not accept payments through credit cards, while others may allow this option. Here's what you need to know.

A credit score of 650 isn’t the end of the road for personal loan approvals. Discover how to navigate challenges, improve ...

THE Supreme Court (SC) has ruled that banks cannot unfairly refuse payments from borrowers, especially when it results in ...

For the first time in two years, credit to the manufacturing sector recorded a quarterly decline in 2024, following weakening ...

Axis Bank's gross non-performing asset (GNPA) ratio, a key gauge of lenders' asset quality, was at 1.46 percent at ...

Banks cannot unreasonably refuse payment from borrowers who may face higher interest and additional charges if these are not ...

A slowdown in lending portends slower economic growth since most investments and consumption are funded by credit, ...

Discover the best business savings accounts offering competitive interest rates, features, and benefits to find the right ...

As the CBN continues to push benchmark interest rates upward, manufacturing companies in Nigeria are now turning away from ...

High Court judge Alfred Mabeya dismissed the petition by Seven Seas saying the IT firm did not offer any explanation on the ...