Inflation, a term that often stirs up concern among individuals and policymakers alike, can be a double-edged sword. It can play the role of both a friend and a foe, depending on the circumstances.On one hand, inflation can be a friend, indicative of a robust economy. It can be particularly be
In the face of ongoing economic challenges, India’s Finance Minister, Nirmala Sitharaman, finds herself under increasing pressure. Sitharaman, who made history in 2019 as India’s first full-time female finance minister, is tasked with steering the country towards its economic potential. However, t
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TranscriptWorld Finance: Greece’s debt is largely believed to be unsustainable and unrepayable; is this the case?Steve Hanke:They even have debt of €1.5bn that’s coming due in, I believe, the end of F...
In an era where sustainability is no longer a choice but a necessity, Baiduri Bank has taken a bold step forward. The bank has pledged its commitment to sustainable banking and introduced a new brand promise: “Co-creating your future”. This promise is not just a tagline, but a reflection of the ba
In the world of finance and commerce, various instruments are used to facilitate transactions and ensure the smooth flow of funds. Among these instruments are promissory notes, bills of exchange, checks, and bank drafts. These financial instruments play a crucial role in enabling individ
Money creation is a complex process that involves various actors and institutions. Banks, in particular, play a crucial role in this process, as they are the ones responsible for creating most of the money in circulation. In this article, we will explore the process of money creation by banks and pr
TranscriptBank of Industry is Nigeria’s oldest, largest, and most successful development finance institution. Over the last six years it has provided financing to over four million enterprises, helpin...
What Is an Automated Teller Machine (ATM)?An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representat...
